Market News
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East Africa: New Road to Boost Trade With Kenya
Posted on :Thursday , 29th September 2016
Trade between Uganda and Kenya is projected to increase as the construction of a new and shorter route from Mbale to the Lwakaka border post in eastern Uganda kicks off.
The state minister for trade, Michael Kafabusa Werikhe, said when this road is complete, the quantity of exports and imports through Kenya is set to increase.Wa. . .AfDB seeks investors for Tanzania�s railway line
Posted on :Thursday , 29th September 2016
Nairobi - The African Development Bank will hold an investors’ roadshow to attract as much as $7.6 billion in financing for a railway line linking Tanzania’s port in Dar es Salaam with neighbouring landlocked countries.
The Abidjan, Ivory Coast-based lender is teaming up with the World Economic Forum to help attract investors to bankroll the 2 200k. . .Kenya seeks to expand key highway to boost trade, ease traffic
Posted on :Monday , 26th September 2016
The Kenyan government said on Sunday that it plans to expand the Nairobi-Mombasa highway from the current single lane to six lane modern highway and bids are likely to be invited soon, an official said on Sunday.
State House spokesman Manoah Esipisu told a news conference in Nairobi that already a U.S. investor has expressed its interest in the Nairobi-Mombasa. . .China's development fund, Kenyan gov't sign deal on housing project
Posted on :Friday , 23rd September 2016
The China-Africa Development Fund (CADFund) on Thursday signed a memorandum of understanding (MoU) with the Kenyan government to develop 20,000 housing units for civil servants.
Speaking at the launch of a new CADFund office in Nairobi, Kenyan Cabinet Secretary for Transport, Infrastructure and Housing James Macharia said Chinese investments have stimulated ec. . .State invites bids for expansion of Nairobi-Mombasa highway
Posted on :Thursday , 22nd September 2016
Planned expansion of the Nairobi-Mombasa road into a six-lane super-highway is expected to begin in the next couple of months with the invitation of bids for the project.
Transport and Infrastructure secretary James Macharia said the government planned to build the road through a Public Private Partnership (PPP), but fell short of indicating whether it will be. . .Please Select an Option
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