Market News
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Kenya tops East Africa with Maximum Mega Infrastructure Projects, Confirms Regional Powerhouse Status
Posted on :Thursday , 2nd February 2017
Kenya had the highest number of mega infrastructure projects in East Africa in 2016, Deloitte has said, noting it helped the country to maintain its lead as the regional powerhouse.
There were 11 ongoing projects valued at $7.01 billion (Sh727.98 billion) in the country last year, the consultancy firm said in the 2016 Africa Construction Trends Report.&. . .Kenya: Govt to Spend Sh20 Million to Rebuild Schools Attacked By Terrorists
Posted on :Tuesday , 31st January 2017
The national government has released Sh20 million for the reconstruction of buildings and other amenities destroyed during Al-Shabaab in Lamu County.
Addressing journalists in Lamu town on Monday, Linda Boni Operation Director Mr James Ole Serian said the funds will be used to reconstruct classrooms in various schools and dispensaries that were burnt down by Al-Shab. . .Kenya: More SGR Locomotives, Coaches Arrive as June Commission Date Nears
Posted on :Monday , 30th January 2017
Two passenger locomotives, four freight locomotives and 31 passenger coaches are expected at the Mombasa Port on Saturday as the contractor races to beat the June deadline when the Standard Gauge Railway is expected to be commissioned.
Each of the soft-seat coaches can accommodate 72 passengers while the hard-seat ones have a capacity of 118 passengers.. . .Kenya: Konza City to be African Tech Hub with Independent Fiber Optic Links
Posted on :Monday , 30th January 2017
Konza city will be connected to two independent fiber links by March 2017.
This is according to a tweet posted on the Konza Techno CIty Twitter platform, @konzatechnocity.In earlier updates, the hub had already tapped into the National Optic Fibre Backbone Infrastructure (NOFBI), which will see the techno city connected with three sep. . .Kenya: Mombasa Cement to Build $2.5 Million Wind Farm
Posted on :Monday , 30th January 2017
Mombasa Cement is set to build a 36 megawatt (MW) wind farm in Kilifi for its own use and sale to Kenya Power.
The project, which consists of 12 turbines of 3MW each, will cost an estimated Sh260 million, according to regulatory filings submitted by the cement manufacturer.The wind park will be build on a section of the 1,200 acres of. . .Please Select an Option
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