Market News
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Construction sector in East Africa booms
Posted on :Thursday , 11th February 2016
A quick survey across the city of Kigali indicates that the construction sector in Rwanda is booming. But it is the high demand in the real estate sector that has been exacerbated by a growing middle class in the country that gives stakeholders sleepless nights.
Patrick Sebatigita, CEO of Ujenge Group-a construction company says that the construction sec. . .Kenyan capital ranked largest mall developer in sub-Saharan Africa
Posted on :Thursday , 11th February 2016
Kenya’s capital Nairobi is the leading shopping mall developer in sub-Saharan Africa a survey by real estate consultancy firm Knight Frank has shown.
The Shop Africa 2016 report which is the first review of the retail market in sub-Saharan Africa revealed that Nairobi is the top city with the largest shopping centre development with approximately 470,000. . .US$ 300m Kigali Convention Centre constructed in East Africa set to open
Posted on :Wednesday , 10th February 2016
The multi-million Kigali Convention centre in Rwanda’s capital is set to be officially opened in June this year; this is according to Ultimate Concepts Limited (UCL) who owns the project.
Kigali Convention Centre which is anticipated to be a hub of a lot of services in East African Community will further host the 27th African Union Summit and this will b. . .Construction of major highway at Kenya�s Coast to begin
Posted on :Wednesday , 3rd February 2016
Kenya National Highways Authority (KeNHA) has confirmed that the construction of a major highway at Kenya’s Coast is set to begin later this year. The Garsen-Witu-Lamu road in Kenya is expected to boost business and economic growth in the area once complete.
KeNHA made an official announcement stating that the paving of the road will begin following the . . .East Africa Rising: Construction Opportunities
Posted on :Wednesday , 3rd February 2016
As the international construction market becomes more globalised and competition for untapped markets increase, Africa especially East Africa has seen extensive influx of foreign capital. Increasingly firms are taking advantage of the lucrative potential of a continent that is still largely lacking access to basic infrastructure, to build adequate transport networks, water supply, functio. . .
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