Market News

 A multi billion shilling steel plant is upcoming in Kenya as high consumption of steel-related products in the country and region is being witnessed.   The new steel plant is set to be constructed following the penning of an agreement between Kenya and Sinosteel – the company will . . .

 The Kenya construction and infrastructure sector is anticipating a growth of 9% year-on-year in 2015 according to Kenya Infrastructure Report Q3 2015 released this month by Business Monitor International. The growth in the sector is expected to remain over a 10-year forecast period to 2024. & . . .

East Africa is set to start works on the construction of a US$ 60m hydroelectric power station that will aim at reinforcing the energy sector in the country. The power plant- Kagu 006 hydroelectric plant which is located in Cibitote, five kilometres from Bujumbura town was created under a public an . . .

Shortage of commercial and office space in the City of Kigali could soon reduce following plans to construct a 10-storey building at the site that was previously occupied by the Kigali Business Centre (KBC).   The works on the Rwf17 billion project will start in August, Janviere Mporanyi, the . . .

Ethiopian Airlines’ drive to become a global carrier is to be supported by the construction of a world-class cargo terminal at Addis Ababa Bole International Airport. The $98m terminal, which will be the size of five football grounds, is to be designed by German engineer Unitechnik Group. . . .