Market News

  • EABL launches construction of Sh15bn plant

    Posted on :Friday , 11th August 2017

     Beer maker EABL #ticker:EABL has broken ground on its planned Sh15 billion brewery in Kisumu, signalling good tidings for thousands of farmers who will be contracted to supply raw materials.

     
    The brewer, whose ground-breaking was officiated yesterday by President Uhuru Kenyatta, is projected to handle up to a quarter of the output by Kenya Breweries.
  • Sh2.9bn centre to house Kenya roads agencies

    Posted on :Friday , 11th August 2017

     The World Bank is set to fund the construction of a Sh2.9 billion complex in Nairobi that will house Kenya’s road institutions and the National Construction Authority. China’s firm, Avic has already won the project’s tender.

     
    The project, being overseen by the Kenya National Highways Authority (KeNHA), will see the setting up of four office bl. . .

  • New construction bill proposes radical changes to the sector

    Posted on :Friday , 11th August 2017

     In a bid to tame rogue contractors and ensure accountability in the construction sector, a bill has been introduced in Parliament to ensure that each construction project has a professional manager. The bill introduced in Parliament in March seeks to have Kenya follow in the footsteps of South Africa, which is the only country in Africa with such an arrangement where the manager oversees . . .

  • East Africa: Call for Regional Cooperation to Transform Construction Industry

    Posted on :Wednesday , 3rd May 2017

     Resulting from the rapid and sustainable economic growth as well as the ongoing fast urbanization in Ethiopia,there is high demand for cement and concrete, Construction Minister Eng. Aisha Mohamed said.

     
    While addressing the 2nd Annual East Africa Cement, Concrete and Energy Summit yesterday, Minister Eng. Aisha reiterated: "With the growth in our economy . . .

  • Kenya: Current Administration Built 1,822km of New Roads During Term

    Posted on :Wednesday , 26th April 2017

    The Ministry of Transport is fighting back on reports that the Jubilee administration has been skewed in construction of roads in the country.

     
    Infrastructure Principal Secretary John Mosonik told the Nation that while it is true there were ongoing projects when the current administration came to power, a lot more has been accomplished in the last four years.
    . . .

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