Market News

The World Bank has approved a Sh81 billion loan to upgrade half of the 750-kilometre Isiolo-Mandera road and lay a fibre-optic cable in a major boost to the North Eastern region.The lender said on Wednesday that it projects the International Development Association (IDA) financing will improve the m . . .

The building of Mt. Kenya region's tallest building has begun. The "Praise Mall" project for mixed-use urban growth covers a total area of 0.4 hectares of land along Meru-Embu-Nairobi Highway in Meru city, Meru County. Jesus House of Praise International church is designing the over USD 42 M project . . .

Cement consumption in the first seven months defied effects of the corona virus pandemic pointing to stable activity in the construction sector despite the restrictions imposed in March to curb spread of the disease.Data from the Kenya National Bureau of Statistics (KNBS) show that consumption rose . . .

South African construction and building materials retailer, Builders, is set to open its first store in Nairobi this month as it expands into the East African region.The store, to be opened at the Waterfront Karen at the end of August, will bring the total number of Builders stores beyond South Afri . . .

The Government of Kenya, through the state-owned Kenya National Highways Authority (KeNHA), is planning to undertake a USD 99.89 million Kiambu to Thika road upgrade project, which will see an upgrade of 62 kilometers of road connecting Kiambu Road and Thika Highway at B30 / A2. The road upgrade fro . . .