Market News

  • AFFORDABLE HOUSING IN KENYA GETS A USD 250 MILLION BOOST

    Posted on :Monday , 13th May 2019

    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 sector-owned and non-deposit taking financial institution supervised by the Central Bank of Kenya . . .

  • CONSTRUCTION OF OUTER RING-THIKA HIGHWAY EXCHANGE IN KENYA COMMENCES

    Posted on :Monday , 29th April 2019

    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 declared a 3 month closure of the overpass at GSU headquarters to make sure that the con. . .

  • KENYA ON THE CUSP OF AN UNPRECEDENTED CONSTRUCTION BOOM

    Posted on :Monday , 22nd April 2019

    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 industry.

     Although building and construction contractors are required to be registered wi. . .

  • Kenya to sign deal for the US $3bn Nairobi-Mombasa expressway project

    Posted on :Friday , 12th April 2019

    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 additional Special Economic Zones along the alignment next to strategic interchanges w. . .

  • RAPID GROWTH IN KENYAN INFRASTRUCTURE AND ECONOMY

    Posted on :Saturday , 23rd March 2019

    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 are some others.

    Did you know that civil works as well as roads are paramount for each o. . .

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