Market News

  • Kenya's Infrastructure Projects On Track, Set To Have Huge Economic Impact

    Posted on :Tuesday , 9th August 2016

    The Kenyan government's infrastructure projects are on track and are set to have a huge impact on the country's economic growth, says Infrastructure and Transport Cabinet Secretary (Minister) James Macharia.
     
    The Minister, who singled out the Standard Gauge Raiway (SGR) project, said Monday that the multi-billion-dollar project, which is 88 per cent complete, had. . .

  • East Africa: Brazil Keen On Links With East Africa

    Posted on :Tuesday , 9th August 2016

    Arusha — Brazil, an economic giant of South America, is keen to promote stronger economic ties with East Africa, its ambassador to Tanzania Carlos Alfonso iglesias Puente revealed here on Tuesday.
     
    "The Brazilian business community already has a significant presence in Tanzania and Kenya, especially in construction, energy and solid waste management se. . .

  • Kenya: Uhuru Defends Massive Investment in Infrastructure

    Posted on :Monday , 8th August 2016

    President Uhuru Kenyatta on Monday tore into critics questioning the rationale of building the standard gauge railway and other infrastructure projects, telling them the construction will go on "regardless of what everybody says."
     
    At an infrastructure summit held in Nairobi, the President defended the massive investments in the projects which have also. . .

  • Ethiopia: Enterprise to Build Office Complex

    Posted on :Friday , 5th August 2016

     The Oromia Forest and Wildlife Enterprise Monday laid the cornerstone for its administration office at Bole and another building at Lidetta. The new G+20 administration building at Bole would reflect the culture and traditional assets of the Oromo people.

     
    Laying the cornerstone, State Chief Mukitar Kedir said that the building manifests the Oromo people of for. . .

  • Ethiopia: ERA Plans to Construct and Maintain 23,000 Kilometers of Road

    Posted on :Thursday , 4th August 2016

     Ethiopian Roads Authority (ERA) aims to construct as well as maintain around 23,000 kilometers of road across Ethiopia during the just started fiscal year.

     
    Commenting the plan Dereje Hailu, Communication Team Leader at ERA, said the Authority aims to upgrade and build new roads that stretch for 1,846 kilometers. Regarding maintenance, the Authority would maint. . .

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