Market News

  • Annual Funding of Ksh1 Billion Would Be Provided for Renovation of Kenyan Airstrips

    Posted on :Tuesday , 3rd October 2023

    The Government of Kenya has set aside Ksh1 billion annually for Kenyan Airstrips, which will be used to promote freight and passenger transportation as well as the tourism industry by constructing and renovating airstrips located all around the country. The expansion projects, according to Cabinet Secretary of Transportation Kipchumba Murkomen, are primarily intended to accommodate large aircra. . .

  • $13.8 Billion Kenya-Ethiopia Railway Construction Plans Resume

    Posted on :Thursday , 24th August 2023

    Kenya-Ethiopia Railway construction will foresee resumption as the Government of Kenya has resumed its construction plans that are set to begin in the year 2025 to construct the high-speed electric train railway at a cost of $13.8 billion. The railway line is anticipated to run from the port situated in Lamu to Ethiopia and then later extend to South Sudan. The standard gauge railway that will . . .

  • Kenya and South Korea Seal Partnership to Build Five Smart Cities

    Posted on :Thursday , 29th June 2023

    Korea Trade Centre, Nairobi (KOTRA), the Commercial Section of the Embassy of the Republic of Korea, and the Kenyan Government through the Ministry of ICT and the Digital Economy have signed a memorandum of understanding (MoU) to foster and promote partnerships and investments in the development of smart cities in the country.

     

    To get things started, the MoU calls for the two . . .

  • Turkana County in Kenya plans the construction of 1,200 Housing Units

    Posted on :Thursday , 27th April 2023

    Turkana County is now planning the construction of 1,200 Housing units. The county government will fund the project, which will benefit all six constituencies. According to the Kenya Urban Support Programme's National Project Coordination Team, led by Eng. Benjamin Njega.

     

    Njega was delighted that Turkana Central has access to 20 acres of land from the Lands Department to init. . .

  • Kenya Railways has begun work on the Nairobi Railway City initiative.

    Posted on :Thursday , 23rd February 2023

    The projects will involve constructing a public square and a new stop for the Nairobi Central Railway.

     

    Phase 1 of the Nairobi Railway City project, which is anticipated to cost KES12 billion (USD 95 million), has begun construction by Kenya Railways.

     

    The project's groundbreaking event took place at the Nairobi Central Railway station in December.

    &nbs. . .

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