Market News
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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. . .US$116m set aside for construction of two open markets in Kenya
Posted on :Wednesday , 10th December 2014
The Government of Kenya is planning to construct a US$ 74.2m open market in Athi River, Machakos County and another US$ 42m market in Murang’a, Murang’a County.
East African Affairs, Commerce and Tourism secretary Phyllis Kandie indicated that the tendering process for the project will be done next year, and that the project is expected to be complete wi. . .ARM Cement to increase investments in East Africa
Posted on :Wednesday , 10th December 2014
East African cement maker ARM Cement has announced an increase in investments across the region as the demand for cement continues to rise.
A statement from the company revealed that ARM Cement will complete some pending projects this year, and begin new ones in 2015.The company, which has plants in Kaloleni and Athi River in Kenya, as well as D. . .Tanzania: Dar to Construct Embassy Building in Kenya
Posted on :Friday , 5th December 2014
Dodoma — THE government, through the Ministry of Foreign Affairs and International Cooperation, is planning to construct an office building and an investment venture in Nairobi, Kenya.
The Deputy Minister in the ministry, Mr Mahadhi Juma Maalimu, told the Parliament that the project is part of government's strategic plan to involve the country's pension funds . . .Please Select an Option
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