Market News

  • Kenya's first Sh1.5 trillion high-speed highway

    Posted on :Tuesday , 26th October 2021

    The Nairobi-Mombasa Expressway project to be executed by Bechtel Corp has revised it's plan to build the motorway and recoup its costs through tolls. The American contractor contracted to build the 473-kilometer expressway has estimated that the Public Private Partnership (PPP) model will cost Sh1.5 trillion — five times the budget.

     

    According to the Parliam. . .

  • Government of Kenya launches US$ 4.6m water project in Nyali, Mombasa

    Posted on :Tuesday , 19th October 2021

    The National Government of Kenya recently launched an over US$ 4.6M water project in Nyali, a residential area, and Sub-County within Mombasa City on the mainland north of Mombasa County.

    The project, which is a part of a close to US$ 12M water program in the coastal County, is set to significantly improve water services for the residents of Kongowea, Maweni, VOK, and Kisumu Ndogo.

    . . .

  • In the Narok County of Kenya, a new sanitation system has been installed.

    Posted on :Monday , 23rd August 2021

    Kenya has constructed a new sanitation system in Narok Town, using improved technology that is anticipated to endure more than a century without regular repairs and breakages.

     

    The county administration, in collaboration with a local firm Megapipes, announced the installation and stated that the system will service the town, which had no sanitation infrastructure until late 20. . .

  • UK to develop 10,000 green affordable houses in Kenya

    Posted on :Wednesday , 4th August 2021

    The United Kingdom (UK) is set to develop 10,000 green affordable houses in Kenya. This follows a US $48M commitment made by the UK Climate Investments (UKCI) and FSD Africa Investments (FSDAi) towards a Kenyan green affordable housing venture.

    Managing Director of UKCI, Richard Abel said the investment is an inspiring opportunity to simulate how sustainable building structures can help c. . .

  • Kenya's Construction Sector Expected to Recover This Year

    Posted on :Monday , 26th July 2021

    Nairobi - Kenya's construction sector is expected to recover this year on the back of the government's continued implementation of investor-friendly reforms as well as large-scale infrastructure projects aimed at boosting regional integration and economic diversification.

    This is according to a report by Deloitte which reveals that the sector's growth is expected to revamp to a growth of . . .

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