Market News
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Kenya: Cytonn Investment unveils Sh50 billion real estate project
Posted on :Friday , 26th June 2015
Speaking on Thursday in a press briefing, a day that also saw the company launch its property development affiliate- Cytonn Real Estate, firm’s Chief Executive Officer Edwin Dande, noted that 85 percent of the project would be low and medium housing. The remaining 15 per cent would be prime residential housing, which will also include the five-acre Amara Ridge gated community in Kar. . .
A new player to enter cement production in Kenya
Posted on :Thursday , 25th June 2015
Cement production in Kenya is soon to see a new entrant. A new cement grinding plant is set to be constructed in Western Kenya on a 50 acre piece of land. It is projected to produce 730,000 tonnes of cement every year and hence enhance the competition in the industry.
“The plant will have the capacity to increase cement production in Kenya by 2,000 tonne. . .UK grants investment into infrastucture construction in Kenya
Posted on :Thursday , 25th June 2015
The UK has agreed to provide a US$5mn grant to TradeMark East Africa for the construction of proper roads between Kenya’s Moi International Airport and Mombasa Port. The road upgrade is expected to begin in April 2015 and go on until June 2016. The funds will be used to upgrade the Port Reitz or airport road into a dual carriageway, which would ease movement of cargo and p. . .
German cement maker opens two new plants in�Africa
Posted on :Wednesday , 24th June 2015
The new US$250mn plant has an annual capacity of 1.5mn tonnes and is located at Tabligbo, around 80 km northeast of Lomé.
According to the company, with the Scantogo investment, HeidelbergCement has become the largest German foreign investor in Togo.The US$50mn Cimburkina cement grinding plant has an annual capacity of 800,000 tonnes and is located near the c. . .Kirloskar Brothers Limited�a step further towards development of the African Sector
Posted on :Wednesday , 24th June 2015
World-class pump manufacturing requires expert engineers and expertise in systems for fluid management. Kirloskar Brothers Limited (KBL) trades precisely on these attributes. KBL is the flagship subsidiary of the US$2.1bn Kirloskar Group. KBL leads Africa’s markets for fluid management solutions to serve large infrastructure projects, addressing requirements in water resource manage. . .
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