Market News

  • Kenya: Construction of Kenya, South Sudan Fibre Optic Cable Commences to Enhance Communication and Inter-Border Trade

    Posted on :Thursday , 10th September 2015

    Kenya and South Sudan will be connected to a high-speed fibre optic cable within the next two years enhancing communication and inter-border trade.

     
    The ICT Authority is implementing the Kenyan-side of the project through a World Bank fund estimated at a cost of USD 25.5 million dollars, while the Sudan side is estimated to cost USD 15 million dollars. The road const. . .

  • Zanzibar to construct new sea port

    Posted on :Thursday , 10th September 2015

    ZANZIBAR government has officially approved the construction of a new sea port at Mpiga-duri coastal area starting early next year. This was announced here by President Dr Ali Mohamed Shein saying that Exim Bank of China has already allocated 200 million US dollars as part of the funds for the project.

    He said Zanzibar has been on the right track in achieving its development goals and. . .

  • China signs two construction deals worth US$5.5bn in Africa

    Posted on :Thursday , 10th September 2015

     China Railway Construction Corp Ltd., (CRCC) has signed two deals worth US$5.5bn for construction projects in Africa

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    CRCC’s China Civil Engineering Construction Corporation will build an intercity railway line for US$3.5bn in Nigeria’s Ogun State.
    The Chinese company has also won the order from the Zimbabwean Minist. . .

  • Kenyas private sector new consortium eyes big tenders

    Posted on :Thursday , 10th September 2015

     Kenya’s private sector has formed a consortium in a move to tap into billions of shillings worth of investment opportunities arising from the Northern Corridor Integration Projects (NCIP). This comes following renewed calls by the private sector to have local companies play a bigger role in the development of mega-projects in the East African region, which are currently dominated al. . .

  • Africa�s largest solar carport in Kenya to be opened at newly constructed Garden City mall

    Posted on :Wednesday , 9th September 2015

     Africa’s largest solar carport in Kenya constructed by Solarcentury is set to be opened at the newly constructed Garden City mall. The move is set to cut carbon emissions by around 745 tonnes annually.

     
    Solarcentury said that the constructed solar carport in Kenya will use the dual-mode technology which is a highly innovative energy solution that provides. . .

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