Market News

Lafarge Africa, the Nigerian unit of the French cement maker, Lafarge, is poised to make a cash offer valued at about $122 million to buy-out minority shareholders in its Nigerian business, Ashaka Cement, it emerged on Tuesday.   According to Reuters, the bid comes shortly after the $1.35 bil . . .

The Government of Kenya is planning to construct a US$ 74.2m open market in Athi River, Machakos County and another US$ 42m market in Murang’a, Murang’a County.   East African Affairs, Commerce and Tourism secretary Phyllis Kandie indicated that the tendering process for the proje . . .

East African cement maker ARM Cement has announced an increase in investments across the region as the demand for cement continues to rise. A statement from the company revealed that ARM Cement will complete some pending projects this year, and begin new ones in 2015.   The company, which . . .

Dodoma — THE government, through the Ministry of Foreign Affairs and International Cooperation, is planning to construct an office building and an investment venture in Nairobi, Kenya.   The Deputy Minister in the ministry, Mr Mahadhi Juma Maalimu, told the Parliament that the project i . . .

The Sh12 billion Turbi-Moyale Road is 40 per cent complete, the Kenya National Highways Authority has said The project is the third and last phase of the Mombasa-Nairobi-Addis Ababa Road Corridor Development project. Kenha said movement of goods and services will be enhanced once the project is com . . .