Market News

  • Kenya: Lands Ministry Unveils Plan to Streamline Urbanisation and Land Use

    Posted on :Thursday , 2nd March 2017

    Nairobi — A National Spatial Structure (NSS) expected to guide physical planning in the country has been unveiled.

     
    The structure which is contained in the National Spatial Plan (NSP) for the 2015-2045 period was launched on Wednesday by the Cabinet Secretary in the Ministry of Lands and Physical Planning (MOLPP) Jacob Kaimenyi.
     
    S. . .

  • Kenya: Govt Allocates $100 Million for Lamu Port Project

    Posted on :Wednesday , 1st March 2017

    Building of the first three berths in Lamu port has started.

     
    Transport Principal Secretary Irungu Nyakera said 20 per cent of the work has been done and the government will allocate Sh10 billion to the port project in the next financial year.
     
    He said the government has already paid Sh4.6 billion to the contractor while another Sh2.9 bi. . .

  • Kenya: 35 Students to Undergo Railway Operation Training in China

    Posted on :Saturday , 25th February 2017

    Nairobi — Thirty-five Kenyan students will depart to China at the end of February on a scholarship program to prepare them for Kenya's new railway.

     
    Transport and Infrastructure Cabinet Secretary James Macharia said the students will receive undergraduate education at Beijing Jiaotong University, a top university in China for railway studies.
     . . .

  • Kenya: Kenyatta University to Construct Massive $48 Million Hostel

    Posted on :Thursday , 23rd February 2017

    Kenyatta University is on the verge of constructing a whopping US$ 48m hostel that will see the invention of 6, 000 rooms.

     
    The project is set to be developed by a New York-based private equity firm Africa Integras which confirms that it is now ready to proceed with the project after concluding negotiations with the financiers. The US fund was awarded the deal to lea. . .

  • Kenya to See Boom in Conference Tourism in 2017 Despite Election Year

    Posted on :Friday , 10th February 2017

    Despite being an electioneering year, 2017 is expected to be a boon for Kenya’s tourism, with a number of international conferences slated to take place here.

     
    Confirmed hotel and conference hall bookings indicate 2017 will witness a hype of activity buoyed by 2016’s success that saw over 100 world leaders visit Kenya at different times.
     . . .

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