Market News

 Shanzu Beach Resort is set to construct a new block of apartments at the Kenyan Coast in a bid to boost their high end property development.   The development which is dabbed The Shaza project will consist of 18 apartments comprising of two and three bedroom that will go for between Sh3 . . .

 Electricity construction project in Sudan has received a boost after  a US$ 200m contract was signed with the East Sudan Development Fund and the companies which won the implementation tender that will be used in the generation of electricity in East Sudan region.   First Vice-Pres . . .

 The constructed 650MW gas power plant in Egypt has started going online in just 159 days after its ground breaking ceremony.   The gas power plant in Egypt that recently completed its construction is the  first fast-track natural gas–fired project as it was being carried by t . . .

A boom in construction and foreign exchange gains has helped Bamburi Cement’s net profit almost double for the six months to June. The cement manufacturer reported an 86 per cent leap in net profits to Sh3 billion, with the management projecting an even better second half.   The company . . .

 The Standard Gauge Railway in Kenya which is being constructed by China Road and Bridge Corporation is almost complete; this is according to the external manager Julius Ling.   Mr. Ling said that the Standard Gauge railway in Kenmya is 50 per cent complete and the first locomotive to us . . .