Market News

 The Kenya Commercial Bank Rwanda and Century Park Ltd have inked a financial partnership agreement to fast-track the multimillion dollar Century Park Complex Rwanda in Kigali . The bank will put in more than $200 million into the construction of the Century Park Complex Rwanda that is expecte . . .

 Kenya Pipeline Company has secured a $350million loan to invest in the construction of a new 450-kilometre oil pipeline in Kenya from Mombasa to Nairobi. The state owned oil dispenser will move ahead to a 20 inch contemporary multi-product oil pipeline in Kenya to reinstate the more than 30 y . . .

 BNP Paribas Italy and Intesa San Paolo banks have signed a US$ 333m agreement with Kenya for the construction of Kuresoi dam in Kuresoi, Nakuru county.   The signing of the agreement at State House, Nairobi, was witnessed by President Uhuru Kenyatta and Italian Prime Minister Matteo Ren . . .

According to the African Development Bank, East Africa will grow by 5.6% in 2015 and by 6.7% in 2016, making it the fastest growing region on the continent.   Today 54% of the world’s population lives in urban areas, but by 2050 the urban population is expected to rise as high as 62% in . . .

 Construction experts and enthusiasts can look forward to attending the biggest yet conference of global construction industry shareholders right here on South African soil next month.   The annual African Construction and Totally Concrete Expo, which takes place from 12 May to 15 May 20 . . .