Market News
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Proposed Dangote cement factory in Kenya: production capacity revised to 3 million tonnes per year
Posted on :Wednesday , 3rd September 2014
The proposed Dangote cement factory in Kenya is now set to produce double the initial planned capacity, indicating the rise in demand of cement in Kenya. The announcement, made in the company’s trading update, could also fuel price wars for cement in Kenya.
Demand for construction equipment in Kenya to go up due to upcoming roads projects
Posted on :Wednesday , 3rd September 2014
Many construction projects in Kenya, among them the government’s commitment to construct 10, 000 km of additional network, is set to increase demand for construction equipment.
Outer Ring Road in Kenya to be expanded into a dual carriage at US$82m
Posted on :Wednesday , 3rd September 2014
Sino Hydro Tianjin Engineering will undertake expanding of the Outer Ring Road in Nairobi, Kenya at a cost of US$82m. This is after beating other eight firms that submitted bids in the tendering process.
New state-of-the-art hospitals to be built in SA
Posted on :Wednesday , 3rd September 2014
About 43 new state-of-the-art hospitals are expected to be built across South Africa within the next five years.
Over and above, 216 new clinics will also be built by the national Department of Health, and 816 old hospitals across the country will be renovated, said Health Minister Dr Aaron Motsoaledi.Minister Motsoaledi was speaking to media after the officia. . .
Investor eyes Kisumu with Sh48m villas
Posted on :Monday , 1st September 2014
A Swedish investor wants to test Kisumu’s real estate appetite with Sh48-million villas. Fred Andersson, owner of Coromandele Investment Ltd is putting up 30 villas priced at Sh38.5million and Sh48.5million at Riat Hills, 3km from Kisumu International Airport.He said each unit would comprise four bedrooms all ensuite, walk-in in closet, expansive roof terrace with external Jacuzzi, . . .
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