Market News
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Sameer Africa to construct a stadium in Kenya
Posted on :Thursday , 26th November 2015
Sameer Africa Group is planning to construct a 26,000-seater stadium in Kenya that will encourage the development of sports in that region. The stadium will be constructed in Nandi County.
Sameer Africa which is owned by Naushad Merali signed a Memorandum of Understanding (MOU) with Nandi County Governor Cleopas Langat on the construction of the stadium and the investment firm pl. . .World Bank calls for diversification on infrastructure funding in East Africa
Posted on :Thursday , 26th November 2015
The World Bank is now calling for diversification on infrastructure funding in Ethiopia in a bid to finance its infrastructure projects to avoid heavy reliance on the state.
In recent years the country has been carrying much of the burden of raising finance for infrastructure development while at the same time demanding that banks invest the equivalent o. . .Bloomberg survey ranks Kenya sixth in green power generation
Posted on :Thursday , 26th November 2015
Kenya is now among top ten nations in regards to green power generation, a report released by Bloomberg New Energy Finance shows.
The 2015 Climatescope Index ranks Kenya sixth out of 55 countries that are investing in wind, solar geothermal and other renewable power generation worth US$126bn of investments.
Energy Regulatory Commission (ERC) also gave out a r. . .Nedbank and DBSA partner to construct green houses in Africa
Posted on :Thursday , 26th November 2015
Nedbank Corporate and Investment Banking (NCIB) and the Development Bank of Southern Africa‘s Green Fund (DBSA) has partnered to construct 400 green houses in South Africa.
The construction of green houses in South Africa will combine social and environmental sustainability to promote accessto better quality housing units with lower running . . .Japan to invest in Construction of Mombasa�s port
Posted on :Wednesday , 25th November 2015
Work on the second phase of Mombasa port’s second container is scheduled to commence in early 2017
portmombasa pixabay huskyherzThe port of Mombasa is a key trade gateway to and fro East Africa.Kenya Ports Authority managing director Gichiri Ndua said that the construction is likely to cost nearly US$213mn, and provide an additional capacity of 470,000 a. . .Please Select an Option
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