Market News
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Kenya-South Sudan road construction gets funding from World Bank
Posted on :Friday , 11th September 2015
The World Bank has released US$512m for the construction of the Kenya-South Sudan road and also for the laying of the fibre optic cable which will eventually enhance trade between the two countries.
South Sudan’s ICT minister Rebecca Joshua Okwaci and her Kenyan counterpart Fred Matiang’i signed a memorandum of understanding in January this year, p. . .Garden City to build a hotel in Phase II
Posted on :Friday , 11th September 2015
Garden City one of East Africa’s largest mall has announced the construction of a new business park that will host a four star hotel.
The park will be developed on an additional 21 acres of land adjacent to the original 32 acre site that already hosts apartments and retail centres.Michael Turner, Head of Actis Nairobi said. . .Ethiopia-Djibouti railway line to start operations early 2016
Posted on :Friday , 11th September 2015
The Ethiopia-Djibouti railway line is expected to begin operations early next year, according to project officials
railways Ethiopia is developing its transport sector in a bid to provide a boost to its economy.
The US$4bn project, which is being helmed by the China Railway Engineering Corporation and China Civil Engineering Construction, will be consid. . .WORLD BANK GRANTS SH 54 BILLION FOR KENYA-S.SUDAN FIBRE OPTIC AND SUPERHIGHWAY PROJECT
Posted on :Friday , 11th September 2015
The World Bank has released over Sh54 billion to fund the laying of fibre optic cable and construction of a superhighway connecting Kenya and South Sudan.
The project, which runs concurrently in the two countries, was commissioned Wednesday following the release of the funds.The fibre optic cable will be placed along the Lokichar &nda. . .
African and Italian Constuction Companies collaborate to lauch new company
Posted on :Friday , 11th September 2015
Dangote Industries Limited has entered a multimillion joint venture agreement with Italy’s Saipem to establish a new company called Saipem-Dangote E&C
The new company aims to secure complex engineering and construction (E&C) projects in the Nigerian, Central and West African markets, said Dangote Group executive director Devakumar Edwin.<. . .Please Select an Option
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