Market News
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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. . .Nairobi-Naivasha SGR construction to cost Sh2 billion more
Posted on :Thursday , 15th September 2016
The construction of the Nairobi-Naivasha Standard Gauge Railway will cost taxpayers Sh2.02 billion more.
The 120km route had been estimated to cost approximately Sh150 billion.Kenya Railways MD Atanas Maina said the cost went up after the original route was modified as demanded by conservationists.Please Select an Option
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