Market News

Agency to spend Sh2.8b on system to name roads and label buildings
Agency to spend Sh2.8b on system to name roads and label buildings
25 October 2016

The Government will spend an estimated Sh2.8 billion on a system that will give names to all roads, and assign numbers to all buildings and parcels of land. The National Addressing System (NAS), which is being developed by the Communications Authority of Kenya (CA), will enable authorities to pinpo . . .

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Kenya: The Thrill of Working On New Railway
Kenya: The Thrill of Working On New Railway
19 October 2016

 A huge red-and-white motivational banner that says "Unskilled worker today, engineer tomorrow" stands on a wall at the Mtitu Rail Girders and Sleepers factory at Kilometre 253 from Mombasa on the standard gauge railway route.   By the time President Uhuru Kenyatta rides on a train from . . .

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South African construction firms to pay US$90M into development fund
South African construction firms to pay US$90M into development fund
15 October 2016

A total of Six South African construction firms will contribute a total of 1.25 bn rand ($90 million) in the next 12 years towards a fund kitty towards skill development in the construction sector and give black workers a much bigger role, a cabinet minister said recently.   Ebrahim Patel, th . . .

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Completion of Kenya Outering road now set for September 2017
Completion of Kenya Outering road now set for September 2017
15 October 2016

 The completion of the busy Nairobi’s outering road  is now set for September 2017, Kenya National Highways Authority(KeNHA) has said.   According to KeNHA officials the project haven’t been implemented about 64 kilometers hence bringing late by two and a half months. & . . .

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HFDI to put up Sh5bn estate in Thika Road�s Clay City
HFDI to put up Sh5bn estate in Thika Road�s Clay City
11 October 2016

 The apartments will be built at the former Clay Works off Thika Road in a joint venture with Clay Works Limited which owns the land.   The project will sit on 24.5 acres and will be built in three phases. Phase one will be set on 8.6 acres, Phase two on 10.5 acres and Phase three on 5.4 . . .

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