Market News

 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 . . .

Kenya is about to enter an important new stage in the development of its mining sector. The Mining Bill 2014, currently under review by the Senate, should be enacted before the end of the year and Kenya is about to embark on developing a 20-year strategic plan for the sector with the assistance of M . . .

Gold deliveries have increased by an average of 50% this year due to the plugging of leakages of the precious mineral, with focus now on improving the supply side for small scale gold miners, Mines minister Walter Chidhakwa has said.   Mineral leakages have cost the country billions of dollar . . .

 Africa is growing and more opportunities are coming up for the construction related investors who are looking into the bigger picture. As the growth of the continent’s economy increases there are key factors that are contributing to this robust case: rapid urbanization, strong current a . . .

 Dangote Group set to deliver the second cement plant in Cameroon. The plant will have the capacity to produce of 1.5million metric tonnes of cement a year. Not so long ago, the group commissioned its first cement plant in Douala with an equal capacity production of 1.5million tonnes per year. . . .