Market News

A boom in construction and foreign exchange gains has helped Bamburi Cement’s net profit almost double for the six months to June. The cement manufacturer reported an 86 per cent leap in net profits to Sh3 billion, with the management projecting an even better second half.   The company . . .

 The Standard Gauge Railway in Kenya which is being constructed by China Road and Bridge Corporation is almost complete; this is according to the external manager Julius Ling.   Mr. Ling said that the Standard Gauge railway in Kenmya is 50 per cent complete and the first locomotive to us . . .

 Stakeholders behind a $US25 billion mega project in East Africa will today call on WA companies to bid for work on the Lamu Corridor in Kenya, as they seek to overturn fears about corruption in the country.   Due to speak at today’s East Africa Oil and Gas Conference in Perth, Sil . . .

 A 600,000 tonne capacity Cimerwa Cement plant has been inaugurated in Rwanda at the cost of US$170mn cement  The plant has been built in the Muganza sector of the Rusizi district in western Rwanda. With the current cement demand being 450,000 tonnes annually, the new plant is expected . . .

 The Standard Gauge Railway in Kenya which is being constructed by China Road and Bridge Corporation is almost complete; this is according to the external manager Julius Ling.   Mr. Ling said that the Standard Gauge railway in Kenmya is 50 per cent complete and the first locomotive to us . . .