Market News

  • AfDB seeks investors for Tanzania�s railway line

    Posted on :Thursday , 29th September 2016

     Nairobi - The African Development Bank will hold an investors’ roadshow to attract as much as $7.6 billion in financing for a railway line linking Tanzania’s port in Dar es Salaam with neighbouring landlocked countries.

     
    The Abidjan, Ivory Coast-based lender is teaming up with the World Economic Forum to help attract investors to bankroll the 2 200k. . .

  • Kenya seeks to expand key highway to boost trade, ease traffic

    Posted on :Monday , 26th September 2016

     The Kenyan government said on Sunday that it plans to expand the Nairobi-Mombasa highway from the current single lane to six lane modern highway and bids are likely to be invited soon, an official said on Sunday.

     
    State House spokesman Manoah Esipisu told a news conference in Nairobi that already a U.S. investor has expressed its interest in the Nairobi-Mombasa. . .

  • China's development fund, Kenyan gov't sign deal on housing project

    Posted on :Friday , 23rd September 2016

     The China-Africa Development Fund (CADFund) on Thursday signed a memorandum of understanding (MoU) with the Kenyan government to develop 20,000 housing units for civil servants.

     
    Speaking at the launch of a new CADFund office in Nairobi, Kenyan Cabinet Secretary for Transport, Infrastructure and Housing James Macharia said Chinese investments have stimulated ec. . .

  • State invites bids for expansion of Nairobi-Mombasa highway

    Posted on :Thursday , 22nd September 2016

     Planned expansion of the Nairobi-Mombasa road into a six-lane super-highway is expected to begin in the next couple of months with the invitation of bids for the project.

     
    Transport and Infrastructure secretary James Macharia said the government planned to build the road through a Public Private Partnership (PPP), but fell short of indicating whether it will be. . .

  • Lobby group wants more consultations over new SGR route

    Posted on :Tuesday , 20th September 2016

     Conservationists are up in arms about the Nairobi-Naivasha standard gauge railway (SGR) route that will cut through the Nairobi National Park, and are calling for the postponement of its launch to allow for more consultations.

     
    Kenya’s President Uhuru Kenyatta is expected to launch this new phase, whose construction will begin at the Nairobi National Park. . .

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