Market News
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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. . .Kenya: Work Begins on Road Linking Malindi to Tsavo East Park
Posted on :Monday , 12th September 2016
Construction of a road linking Malindi to the Tsavo East National Park has finally started.
The tarmacking of road will ease travel via the Nairobi-Voi-Malindi route and boost tourism.President Uhuru Kenyatta and his deputy William Ruto had promised that the road will be tarmacked when they toured the area during the Malindi by-. . .Africa: Experts Call for Creative Financing to Boost Infrastructure Development
Posted on :Thursday , 8th September 2016
The number of people involved in informal trade is growing, but most in the region don't have access to proper transport means.
This is one of the challenges highlighted during the last day of The Global African Investment Summit that closed on Tuesday in Kigali.It was noted that only one in four households in the Common Market . . .Mega housing projects changing face of Mtwapa
Posted on :Thursday , 8th September 2016
A new housing development by the Kenya Medical Association is changing the face of Mtwapa in Kilifi Country. The Sh1 billion complex consists of 20 blocks, each with eight two-bedroom apartments on a five-acre plot located just after Greenwood Resort.
It was completed in June and is ready for occupation. Each of the 160 apartments has an ensuite bedroom with a. . .Dangote shakes Kenya�s cement market with Ethiopia imports
Posted on :Wednesday , 31st August 2016
Nigeria’s Dangote Cement has started its shake-up of the Kenyan market with imports of the commodity from its plant in neighbouring Ethiopia as it prepares to establish a local manufacturing plant.
Dangote’s targeting of the Kenyan consumer with low-cost cement from Ethiopia is expected to further drive retail prices downward in a market where they. . .Please Select an Option
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