Market News
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WORLD BANK FUNDS CONSTRUCTION OF DAM IN KENYA
Posted on :Tuesday , 23rd December 2014
The International Development Association, World Bank's fund Kenya government $200 million (Sh18.12 billion) for the construction of a dam in Kwale County.
Construction of Mwache Dam is intended to boost sustainable irrigation and access to clean water in the Coast region. The dam is one of the projects being undertaken by the Kenya Water Security and Climate This project is intended to. . .
Kenya: Finally, Konza City Gets a Road Through It
Posted on :Monday , 22nd December 2014
Nairobi — Deputy President William Ruto was on Monday to commission Konza Road that will open up the proposed Konza technopolis to infrastructural investment.
The accessible road is part of a raft of ongoing infrastructural efforts geared at laying a foundation for the commencement of construction of Phase 1 of the Techno City.F. . .
Kenya: Sh605 Million for Bungoma Feeder Roads Project
Posted on :Tuesday , 16th December 2014
The Bungoma county assembly has approved Sh605 million for rehabilitating roads in the county.
The funds are for the second phase of roads improvement scheduled to start in January.Speaking in Bungoma town yesterday, Governor Kenneth Lusaka said the project targets mainly target feeder roads and roads within major towns that are in po. . .Chinese developer to build Sh5bn high-end Kilifi resort
Posted on :Friday , 12th December 2014
Chinese real estate firm Sultan Palace Development plans to construct a Sh5 billion high-end resort in Kikambala, Kilifi, targeting the luxury holiday homes market.
Sultan Palace said its investment is driven by a growing demand for beach resorts globally, with Kenya becoming a popular destination.“There was a gap in this sector. . .Lafarge Africa Set to Buy-Out Minorities in Ashaka Cement
Posted on :Thursday , 11th December 2014
Lafarge Africa, the Nigerian unit of the French cement maker, Lafarge, is poised to make a cash offer valued at about $122 million to buy-out minority shareholders in its Nigerian business, Ashaka Cement, it emerged on Tuesday.
According to Reuters, the bid comes shortly after the $1.35 billion union of Lafarge Africa’s Nigerian and South African businesses, w. . .Please Select an Option
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