Market News

  • Kenyan Government presents a positive FY20-21 budget against Covid-19 backdrop sets a trajectory for recovery and growth

    Posted on :Monday , 29th June 2020

    As the world prepares itself for a new normal post corona virus, countries in the East African region are also pulling all stops to ensure economic revival. The Kenyan Government has presented a USD 26 Billion budget for the fiscal year 2020 - 21. The period for this budget starts from the 1st of July, 2020 to 30th June, 2021. Seeking to tackle the adverse impact from a list of factors like the. . .

  • Kenya to construct four waterfronts in the Coast, Western and Rift Valley regions to boost tourism

    Posted on :Friday , 7th February 2020

    The government of Kenya is planning to construct four waterfronts in Western and Rift Valley regions, and along various water bodies in the coast said by Tourism CS Najib Balala. The big move comes intending to increase tourism in particular regions along with the country as a whole.

     

    Balala said that the government of Kenya has set aside funds for the planned projects after t. . .

  • USD 751 million East African Coastal Corridor development project beginning its construction process soon

    Posted on :Friday , 7th February 2020

    The process of constructing 460 km Coastline Transnational Highway in Kenya has officially begun by the National Highway Authority (KeNHA) of Kenya. The authority has rolled the tender for a part of the project that includes 13.5 km Mombasa - Mtwapa road, and the 40.4 km Mtwapa - Kwa Kadzengo - Kilifi road in an advertisement.

     

    The Mombasa - Mtwapa section includes the constru. . .

  • Kenya begins construction of US $168m Western Bypass

    Posted on :Monday , 21st October 2019

    Kenya National Highways Authority (KenHa) and the Ministry of transport has announced that construction of US $168m Western Bypass has begun with the project being the fourth and final ring of the Nairobi Ring Roads.

    The bypass project is set to kick off in Gitaru, Kiambu county connecting the Southern bypass in Kikuyu town and will terminate in Ruaka connecting the Northern bypass. It . . .

  • Kenya launches test run on Phase 2A of its SGR Line

    Posted on :Monday , 21st October 2019

    The government of Kenya has launched a 15 day test run on its Standard Gauge Railway (SGR) phase 2A project, which is currently on its final stage of construction. This is inorder to establish a link between the capital Nairobi and the resort town of Naivasha in the rift valley region.

    The 120km modern railway line whose construction is overseen by the China Communications Construction . . .

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