Market News
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Ethiopia sets up $10 million ceramic factory to stem imports
Posted on :Friday , 26th August 2016
The Himrawi Investment and Trading Private Limited Company has invested $10million in construction of a ceramic factory as the country looks to local industries to tame biting shortage.
According to the company general manager Frealem Shibabaw the company has conducted studies and ascertained mineral wealth at Sekota area in Amharic State, Northern Ethiopia.President Uhuru Kenyatta asks landowners to support infrastructural projects
Posted on :Thursday , 25th August 2016
President Uhuru Kenyatta has asked those with land through which infrastructural projects are passing through to surrender it. Otherwise, the President said the government will forcibly seize it.The President said a few individuals will not be allowed to stand in the way of projects that could save billions of shillings wasted in traffic jams. He blamed landown. . .Buildings worth millions to come down as Naivasha-Nakuru highway expands
Posted on :Wednesday , 24th August 2016
Buildings worth billions of shillings will be brought down in Naivasha after the government embarked on expanding the Nairobi-Nakuru highway.The highway authority had began marking affected buildings in preparation for the construction of the dual-carriage between Rironi and Nakuru town.KeNHA held a meeting with affected traders . . .Sh12.5bn Industrial Park attracts foreign investors
Posted on :Wednesday , 24th August 2016
Foreign investors dominate are in a dash for warehouses in the Sh12.5 billion Infinity Industrial Park in Nairobi even before construction starts, the project's realtor has revealed.
This validates recent real estate sector's data indicating high demand for industrial spaces in major towns, making Infinity one of Kenya's largest international parks. A report b. . .China Wu Yi to set up Sh10bn building materials plant
Posted on :Tuesday , 23rd August 2016
Chinese conglomerate China Wu Yi is building a Sh10 billion housing materials plant in Athi River after bagging major tenders in the country.The factory, expected to be complete in June, will manufacture precast materials that will also be sold to other construction firms.The multinational is putting up the plant through its loca. . .Please Select an Option
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