Market News

 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 laun . . .

 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 deman . . .

 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 studie . . .

 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 tar . . .

 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 . . .