Market News

 Movenpick Hotels and Resorts have begun with the construction of an upscale 160-key Hotel in Abidjan. The foundation was laid on October 7th with the hotel set to open in 2020. This new development will further the Swiss hospitality firm’s agenda in the Sub-Saharan region.   This . . .

 Wilo, A German Water Pumps, and pump systems manufacturer will soon open an assembly plant in Nairobi, Kenya. The plant will be expected to serve the needs of the whole East African market.   The firm’s Country Manager Belete Asnake confirmed that the plant will be fully functiona . . .

 Kajiado County is in the process of building a three-storey state of the art assembly, fully equipped with modern facilities like underground parking with room to accommodate as many as 700 cars. The facility is expected to cost Sh 543 million.   The building will promote a sense of com . . .

  The Kiambu Mall project in Kenya is in its final phases of constructions and will soon be open to the public. It was orignally scheduled to open in August but the date was later moved to December afetr a few setbacks during construction.   Mugaa Investment Developers Chairman, Peter B . . .

 Nairobi, Kenya is rapidly becoming a hub for stunning feats of architecture and design. Nairobi now boasts a number of ultra-modern buildings; this trend is expected to continue with investors increasingly interested in such projects.    President Uhuru recently laid the foundation . . .