Market News

  • Construction of Renaissance dam in Ethiopia in good course

    Posted on :Monday , 21st September 2015

    The construction of Renaissance dam in Ethiopia is in good course,Dam project director, Simegnew Bekele has announced. Bekele said that the project is steady and they believe it will be completed within the stipulated time.

    The director added that they are making sure that the project is constructed to standards as they are currently using the latest technology that will ensure t. . .

  • KNBS notes rising demand of cement in Kenya as construction industry booms

    Posted on :Monday , 21st September 2015

     Manufacturers of cement in Kenya are racing to meet high demand of cement  in the wake of many infrastructure construction projects and booming real estate industry in the country, Kenya National Bureau of Statistics (KNBS) has observed.

     
    According to statistics from the (KNBS), the production of cement in Kenya last year was 5.88m tones which is a 16 per . . .

  • Japan to fund the construction of a research centre in East Africa

    Posted on :Friday , 18th September 2015

     Japan through its agency, Japan International cooperation Agency is set to construct a research centre in Ethiopia that will serve as a training and research center throughout Africa.

     
    The construction project dubbed Kaizen institute will be built on a 3,000sqm piece of land at Sar Bet near the African Union in Addis Ababa.
     
    An agr. . .

  • Kenya-South Sudan road construction gets funding from World Bank

    Posted on :Wednesday , 16th September 2015

     The World Bank has released US$512m for the construction of the Kenya-South Sudan road and also for the laying of the fibre optic cable which will eventually enhance trade between the two countries.

     
    South Sudan’s ICT minister Rebecca Joshua Okwaci and her Kenyan counterpart Fred Matiang’i signed a memorandum of understanding in January this year, p. . .

  • 960km Eldoret-Juba road in Kenya to start construction

    Posted on :Tuesday , 15th September 2015

     The 960km Eldoret-Juba road in Kenya is set to start construction after being neglected for 30 years.

     
    Kenha chairman Erastus Mwongera said the Kenya and South Sudan governments have coordinated the improvement of the highway to ensure social and economic benefits are met.
     
    Turkana County Governor Josphat Nanok confirmed the report. . .

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