Market News

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 . . .

 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 build . . .

 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 . . .

 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 ac . . .

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 schedule . . .