Market News
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State of the art expressway to be constructed in Kenya, Investment of US$2.9bn
Posted on :Tuesday , 5th December 2017
Kenya is planning on constructing a brand new road connecting Mombasa and Nairobi instead of expanding the existing highway. Scrapping the plan to upgrade the current road into an expressway, the government has decided to construct a brand new six-lane expressway that will run alongside the existing road.
In three years, traveling from Mombasa to Nairobi will have at least four major co. . .
New Building Materials Manufacturing Unit in Kenya
Posted on :Thursday , 26th October 2017
Ceramic tiles, construction hardware, bathroom and kitchen appliances are among the products that will be manufactured at Kenya’s newest plant for building materials.
The project is headed by China Wu Yi. The firm is currently in the finishing stages of an upcoming precast building materials manufacturing unit in the Machakos County.Japanese to Fund Container Terminal at Mombasa Port
Posted on :Tuesday , 17th October 2017
The Japanese Government is all set to finance The Kenya Port Authority’s (KPA) newest endeavor. The Japanese Government has allocated a US$ 339.2m loan to the terminal project, with construction work on phase 2 due to begin in January 2018.
KPA Managing Director, Catherine Mturi-Wairi revealed that development tendering for the project is very close to f. . .US$ 13 Million Mihrab Building Now Open in Nairobi
Posted on :Monday , 16th October 2017
US$ 13m development FCB Mihrab will soon be open to the general public. The building has been designed to portray Islamic values and is already available for occupation.
The building will be on Lenana Road in Kilmani, Nairobi. The building will be a symbol of purity and goodness in accordance with Islamic culture. The building is situated in an up-scale rapidl. . .Hilton to Develop 100 New Hotels in Africa
Posted on :Friday , 13th October 2017
Hilton Hotels are in the process of rebranding Nairobi’s Amber Hotel, with an overarching plan of opening 100 new hotels in Kenya with a Sh5.2 billion ($50 million) investment.
Hilton released a statement yesterday informing that the Gong Road Hotel is progressing well and is scheduled to open at the end of this year.This . . .Please Select an Option
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