Market News

Kenya is looking for close to Ksh550 billion ($5.5 billion) to complete the construction of 10,000 kilometres of roads, after local banks refused to lend the money to the contractors after the botched annuity financing model.   The country is now negotiating for a line of credit of $1.5 billi . . .

The County Assembly on Thursday approved Sh70 million for construction of a governor's residence in Likuyani Sub-County and another Sh100 million to build a modern County Assembly.   These were among the highlights of Sh13.2 billion budget that gave Health, Infrastructure and Agriculture depa . . .

Nairobi — The Kenya National Highways Authority (KeNHA) has called for bids on the rehabilitation of the Isebania-Kisii-Ahero Road which is slated to start sometime this year.   According to the authority, the road project which will be carried out in two lots will have Lot 1 starting f . . .

Nakuru County is set to receive a grant of over Sh100 million from the Kenya Roads Board (KRB) for the development of its roads.   Funding talks with the Board are at an advanced stage, County Governor Kinuthia Mbugua disclosed on Thursday.   Governor Mbugua was speaking at a road safe . . .

President Uhuru Kenyatta on Sunday said the World Bank is set to embark on a Sh111 billion funding of transformative projects in the country particularly the Arid and Semi-Arid areas.   Though his spokesman Manoah Esipisu, the head of state indicated that the monies will be used to provide so . . .