Market News
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East Africa: EAC Budget Focuses On Energy, Infrastructure Sectors
Posted on :Friday , 10th June 2016
East African Community (EAC) member states have prioritised development expenditure as countries look to further strengthen the growth agenda of the regional economies. In the national budget estimates presented yesterday, the regional bloc's biggest economy Kenya will be spending $22.8 billion, Tanzania $13.5 billion, and Uganda $12 billion during the next financial year that starts on July 1.. . .
Kenya: President Says High-Speed Railway to Be Completed Ahead of Schedule
Posted on :Friday , 10th June 2016
Kenyan President Uhuru Kenyatta said over the weekend that China-funded high speed railway which runs from the coastal city of Mombasa to Nairobi will be completed ahead of the schedule.
Kenyatta, who visited a section of the 472 kilometer standard gauge railway (SGR) project which is more than three-quarters done, said once completed, the project will enhance Kenya. . .Trade Mark East Africa Aims to Raise U.S. $1Billion for Infrastructural Projects
Posted on :Wednesday , 8th June 2016
Kampala — Trade mark East Africa (TMEA) is to raise about US$ 1billion from their development partner's to finance infrastructure projects and other social, services in the Six East African Community countries.
This was revealed by the Chairman of Board of Directors Ali Mufuruki who said EAC still needs the support of his organisation especially when it comes . . .Uganda: France Pledges Shs667 Billion for Expressway Project
Posted on :Saturday , 4th June 2016
Kampala — The French government, through its public bank and overseas development agency, Agence Française de Développement (AFD), has said it will commit €180m (Shs667b) to the development of the proposed Kampala-Jinja Expressway next year.
The loan was revealed by Ms Virgnie Leroy, the AFD's country representative, on Wednesday during a me. . .Kenya : Sh17 Billion Nairobi Western Bypass Construction Begins
Posted on :Friday , 3rd June 2016
The government has announced the start of construction works for the Nairobi Western Bypass aimed at reducing traffic congestion in the Capital.
The Kenya National Highways Authority (Kenha) said Thursday it has signed an agreement with the China Road and Bridge Corporation (CRBC) to carry out feasibility studies and designs for the development of the bypass as a hi. . .Please Select an Option
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