Market News

East African Community (EAC) member states have prioritised development expenditure as countries look to further strengthen the growth agenda of the regional economies. In the national budget estimates presented yesterday, the regional bloc's biggest economy Kenya will be spending $22.8 billion, Tan . . .

Kenyan President Uhuru Kenyatta said over the weekend that China-funded high speed railway which runs from the coastal city of Mombasa to Nairobi will be completed ahead of the schedule.   Kenyatta, who visited a section of the 472 kilometer standard gauge railway (SGR) project which is more . . .

Kampala — Trade mark East Africa (TMEA) is to raise about US$ 1billion from their development partner's to finance infrastructure projects and other social, services in the Six East African Community countries.   This was revealed by the Chairman of Board of Directors Ali Mufuruki who s . . .

Kampala — The French government, through its public bank and overseas development agency, Agence Française de Développement (AFD), has said it will commit €180m (Shs667b) to the development of the proposed Kampala-Jinja Expressway next year.   The loan was revealed by . . .

The government has announced the start of construction works for the Nairobi Western Bypass aimed at reducing traffic congestion in the Capital.   The Kenya National Highways Authority (Kenha) said Thursday it has signed an agreement with the China Road and Bridge Corporation (CRBC) to carry . . .