Market News

  • President Uhuru Kenyatta's road dream for Nairobi road network

    Posted on :Friday , 12th August 2016

    An elevated road with two lanes is part of President Uhuru Kenyatta‘s plan to decongest Nairobi. The Sh38 billion double-deck road between Mlolongo and Westlands that is set to be constructed from next year, when completed, will render the city‘s traffic nightmare a thing of the past.
     
     
    Motorists would, however, have to pay every tim. . .

  • CS Macharia says roads expansion among key Jubilee feats

    Posted on :Thursday , 11th August 2016

    Speaking on Capital in the Morning show, Macharia stated that the government has accelerated the process of construction and tarmacking of roads countrywide to serve all Kenyans.
     
    He pointed out that a major achievement is the construction of the Isiolo-Moyale Road connecting Kenya to the Ethiopia border, which when completed will be about 500 kilometres.
    . . .

  • Chinese investments in Kenya hit Sh663bn, FM Wang says

    Posted on :Thursday , 11th August 2016

    Wang said the Chinese investments and commitments to Kenya in the last three years were mainly in infrastructure and the establishment of industrial parks in Kisumu, Mombasa and Nairobi.

     

    “It is our hope that mega projects like the Standard Gauge Railway (SGR) will leverage Kenya’s position as a regional trade and investment hub,” Wang said.

     . . .

  • Chinese-built railways in Africa become model of cooperation: FM

    Posted on :Thursday , 11th August 2016

    Railway lines built by Chinese firms in African countries are becoming a model of China-Africa cooperation in industrial capacity, China's Foreign Minister Wang Yi said during his visit to Kenya on Wednesday.
     
    Wang cited the Nairobi-Mombasa railway line as an example during a joint press conference with his Kenyan counterpart Amina Mohamed after their talks and a. . .

  • Ethiopia: Road Development Advancing Economic Growth - Premier

    Posted on :Wednesday , 10th August 2016

    For the last two decades the government devoted its finance,time and human resources for road construction and tremendous results have been achieved. The double digit economic growth also attributed to the road and transport sector development though much remains to be done.
     
    Inaugurating the 28.1-kms Lebu-Akaki- IT Park Goro road connecting the city with Addis-A. . .

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