Market News

A USD 250 million loan to Kenya has been approved by the World Bank for a large scale affordable housing project. World Bank’s Kenya Country Director Mr. Felipe Jaramillo, said that the establishment and operationalisation of the Kenya Mortgage Refinance Corporation (KMRC), a largely private s . . .

The Kenya Urban Roads Authority (KURA) has started construction of a advanced flyover exchange connecting the Outer Ring Road and Thika Super Highway in Kenya, in a bid to comfort traffic congestion as a result of high population frequency in the Eastern Nairobi. The cooperation has therefore dec . . .

The central pillar of Kenya’s Vision 2030 infrastructure development is among the strong holds and in 2015 the USD 3 bn construction sector contributed 4.8% to the Kenyan economy. According to a recent survey 148,000 people are formally employed in the domestic building and construction indust . . .

Kenya is set to sign the US $3bn deal with USA for the construction of Nairobi-Mombasa expressway this month. US Ambassador to Kenya Kyle McCarter announced the reports and said the deal will pave way for construction works to begin anytime after June. The contract includes development of three a . . .

Developers who are keen on Roads, housing and civil work projects 2018 was projected to be an exciting year, moving Kenya closer to vision 2030, the government identifies affordable housing among the key golden pillars for the next five years and food security manufacturing and universal health care . . .