Market News

  • Affordable homes budget doubles to Sh8bn in Uhuru’s last year in office

    Posted on :Tuesday , 11th May 2021

    Budget estimates tabled in Parliament show that Sh8 billion has been allocated for the affordable units in the year starting July.

     

    Treasury has doubled the allocation for construction of affordable houses as the State races against time to deliver the low-cost units in President Uhuru Kenyatta’s last year in office.

     

    Budget estimates table. . .

  • Construction of US $42m new Makupa Bridge in Mombasa, Kenya begins

    Posted on :Wednesday , 28th April 2021

    The Kenya National Highways Authority (Kenha) has begun construction of the US $42.1m new Makupa bridge in Mombasa. The 457m long bridge will replace the historic Makupa causeway that links Mombasa Island to the mainland.

     

    Kenha awarded China Communications Construction Company (CCCC) the contract for the construction of the two four-lane parallel bridges in November last year. . .

  • Kenya signs deal with Chinese company to construct Lapsset road

    Posted on :Wednesday , 21st April 2021

    Kenya National Highway Authority (KeNHA) have signed a major deal of 17.9 billion shillings (about 166 million U.S. dollars) with a Chinese Construction firm. The partnership is to construct a 453-km road that is part of the Lamu Port-South Sudan-Ethiopia Transport (LAPSSET) corridor project.

    The road construction encompasses of 257-km Lamu-Ijara-Garissa section which is part of the LAPS. . .

  • Kenya's construction sector is expected to grow

    Posted on :Tuesday , 23rd March 2021

    Kenya's construction industry is currently booming. The Kenyan government has invested heavily in the construction sector in order to upgrade infrastructure such as road networks while also providing new residences for locals (who are supported by banks in obtaining loans to buy apartments/cars).

     

    The real estate and construction industries, according to the Kenya National Bur. . .

  • VINCI JV signs an agreement for a EUR 1.3 billion motorway project in Kenya

    Posted on :Wednesday , 3rd March 2021

    A joint venture between VINCI Highways Unit Rift Valley Highway, VINCI Concessions and Meridiam SAS has signed an agreement for the construction of approximately €1.3 billion of the Nairobi-Nakuru-Mau Summit Highway project in Kenya.

     

    The agreement, through its Public-Private Partnership Unit and the Kenya National Highway Authority, has been signed with the . . .

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