Market News
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South African construction firms to pay US$90M into development fund
Posted on :Saturday , 15th October 2016
A total of Six South African construction firms will contribute a total of 1.25 bn rand ($90 million) in the next 12 years towards a fund kitty towards skill development in the construction sector and give black workers a much bigger role, a cabinet minister said recently.
Ebrahim Patel, the Economic Development Minister said this voluntary contribution by the constructio. . .
Completion of Kenya Outering road now set for September 2017
Posted on :Saturday , 15th October 2016
The completion of the busy Nairobi’s outering road is now set for September 2017, Kenya National Highways Authority(KeNHA) has said.
According to KeNHA officials the project haven’t been implemented about 64 kilometers hence bringing late by two and a half months.Though the Chairman of the Kenya Urban Roads Aut. . .HFDI to put up Sh5bn estate in Thika Road�s Clay City
Posted on :Tuesday , 11th October 2016
The apartments will be built at the former Clay Works off Thika Road in a joint venture with Clay Works Limited which owns the land.
The project will sit on 24.5 acres and will be built in three phases. Phase one will be set on 8.6 acres, Phase two on 10.5 acres and Phase three on 5.4 acres.James Karanja, the Executive Director . . .Cement firms seek alternative products
Posted on :Thursday , 6th October 2016
Cement makers are exploring opportunities for alternative building materials with a view to diversifying their product offering in a bid to stay afloat in the competitive industry, a top official said yesterday.
Savannah Cement managing director Ronald Ndegwa said the industry hopes to increase production capacity for ready-mix concrete deliveries for small to. . .President Uhuru Kenyatta to launch second phase of SGR construction
Posted on :Tuesday , 4th October 2016
President Uhuru Kenyatta is set to launch construction of the second phase of the Standard Gauge Railway (SGR) in a fortnight even as Kenyans demand for a bigger stake in the project.
The planned launch of the new phase, from Nairobi to Naivasha, comes at a time when there is growing discontent, especially from the youth that the Chinese are taking up jobs mea. . .Please Select an Option
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