Market News

  • CONSTRUCTION WORK IN FULL SWING THE TALLEST BUILDING IN AFRICA

    Posted on :Saturday , 20th January 2018

    'The Pinnacle’ in Nairobi, Kenya, with a height of 300m is on track to become the tallest skyscraper in Africa, easily exceeding South Africa’s 223m Carlton Centre. With the foundation stone laid by Kenyan President Uhuru Kenyatta, construction has begun on the mega structure.

    Located in Nairobi’s vibrant financial hub called Upper Hill and situated at a distance of . . .

  • New multiuse project planned for Kiambu county

    Posted on :Saturday , 6th January 2018

     Premier real estate developer Cytonn Investments is planning to construct a US $125m residential-cum-commercial development project in Kiambu County, Kenya. The project will accommodate 6,500 people and also comprise of a five star hotel.

     
    The intent is to convert a 100-acre Kiambu coffee plantation into the mega project and it will be made possible through a s. . .

  • East Africa Upbeat About Economic Prospects for 2018

    Posted on :Friday , 1st December 2017

    An expansion in communications, transport and construction sectors is being eagerly expected by East African economies for the year 2018. 

    Tanzania's economy is expected to expand by 7.1 per cent in 2018, up from an estimated 7 per cent this year and it’s Finance and Planning Minister Philip Mpango has vowed to boost public investment in infrastructure, including a standard g. . .

  • Tallest building in Africa - Construction work begins

    Posted on :Wednesday , 29th November 2017

     Work has commenced on the construction of Africa’s tallest building in Kenya. His Excellency; the President of Kenya laid the foundation stone to this landmark project recently. The twin tower development dubbed Pinnacle Towers will have 70-floors with mixed-use purpose, and will be located in Nairobi’s Upperhill area. 

     
    With cost of US$ 194m f. . .

  • Kenya beginning construction of the largest dam in East Africa

    Posted on :Wednesday , 29th November 2017

    Kenya is on it's way to construct the the largest dam in East Africa. Thwake dam will be constructed in the Eastern part of the country.

    On 15th Nov 2017, the government signed a Ksh.36.9 billion contract with Chinese contractor China Gezhouba Construction Group Corporation, paving way for work to start. As a part of the Vision 2030 initiative, this project is jointly funded by the Keny. . .

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