Market News
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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.China and World Bank form firm to fund Africa projects
Posted on :Wednesday , 14th September 2016
China and the World Bank have formed an infrastructure firm with an initial $500 million investment to help fund projects in Africa.
China Overseas Infrastructure Development and Investment Corporation Limited (COIDIC) will invest and manage projects from concept to feasibility studies. It will also follow up on financial close and take part in commercial oper. . .Please Select an Option
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