Market News
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Kenya: Portland Cement Seeks Partnership from Govt in Housing Deal
Posted on :Saturday , 16th April 2016
East African Portland Cement Company (EAPCC) may be wooing the government into a real estate deal after the company failed to get approval to sell part of their land last year.
The listed cement maker's chief operating officer Albert Sigei told Lands Cabinet Secretary Prof Jacob Kaimenyi this week that the company was interested in partnering with government to put . . .Kenya: Cytonn Begins Construction of Sh2.5 Billion Housing Estate in Nairobi
Posted on :Wednesday , 13th April 2016
Real estate and investment firm Cytonn has begun construction of its Sh2.5 billion lifestyle community in Ruaka on the outskirts of Nairobi.
The Alma, which is to be completed within three years, is targeting the middle to lower-middle income class with discerning tastes for modern day apartments.Cytonn is offering the 1, 2 and 3 bedr. . .Kenya: Deputy President Seeks Sh8 Billion for Roadworks
Posted on :Wednesday , 13th April 2016
A team chaired by Deputy President William Ruto now wants governors to be given Sh8 billion for the construction and maintenance of county roads after they were denied funds in the Division of Revenue Bill, 2016.
The Intergovernmental Budget and Economic Council (IBEC), which brings together the two levels of government, has proposed that the allocation be included . . .Roadworks Estimated at Shs13 Billion Begin in Uganda
Posted on :Tuesday , 12th April 2016
Kabale — Prime Minister Ruhakana Rugunda has cautioned contractors not to delay completion of government projects, especially in the road sector.
Dr Rugunda, who was last Friday presiding over a ground-breaking ceremony for the construction and tarmacking of three feeder roads in Kabale Municipality, said delayed government projects not only increase the cost . . .Cement Firms Eye Construction Boom in East Africa
Posted on :Monday , 11th April 2016
Mombasa Cement Ltd plans to invest Ksh7.3 billion ($73 million) to expand the factory's production capacity.
The company is eyeing the market created by construction boom in East Africa and other countries in the larger region.The investment in a new clinker and cement unit is expected to ease pressure on prices, which dropped to $7 p. . .Please Select an Option
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