Market News
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Lobby group wants more consultations over new SGR route
Posted on :Tuesday , 20th September 2016
Conservationists are up in arms about the Nairobi-Naivasha standard gauge railway (SGR) route that will cut through the Nairobi National Park, and are calling for the postponement of its launch to allow for more consultations.
Kenya’s President Uhuru Kenyatta is expected to launch this new phase, whose construction will begin at the Nairobi National Park. . .Nairobi-Naivasha SGR construction to cost Sh2 billion more
Posted on :Thursday , 15th September 2016
The construction of the Nairobi-Naivasha Standard Gauge Railway will cost taxpayers Sh2.02 billion more.
The 120km route had been estimated to cost approximately Sh150 billion.Kenya Railways MD Atanas Maina said the cost went up after the original route was modified as demanded by conservationists.China and World Bank form firm to fund Africa projects
Posted on :Wednesday , 14th September 2016
China and the World Bank have formed an infrastructure firm with an initial $500 million investment to help fund projects in Africa.
China Overseas Infrastructure Development and Investment Corporation Limited (COIDIC) will invest and manage projects from concept to feasibility studies. It will also follow up on financial close and take part in commercial oper. . .Kenya: Work Begins on Road Linking Malindi to Tsavo East Park
Posted on :Monday , 12th September 2016
Construction of a road linking Malindi to the Tsavo East National Park has finally started.
The tarmacking of road will ease travel via the Nairobi-Voi-Malindi route and boost tourism.President Uhuru Kenyatta and his deputy William Ruto had promised that the road will be tarmacked when they toured the area during the Malindi by-. . .Africa: Experts Call for Creative Financing to Boost Infrastructure Development
Posted on :Thursday , 8th September 2016
The number of people involved in informal trade is growing, but most in the region don't have access to proper transport means.
This is one of the challenges highlighted during the last day of The Global African Investment Summit that closed on Tuesday in Kigali.It was noted that only one in four households in the Common Market . . .Please Select an Option
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