Market News

The African Development Bank (AfDB) has approved a grant of US$29.49 m to Burundi to carry on with the Phase 1 of the Nyakararo-Mwaro-Gitega Road Improvement and Asphalting Project. This report was issued on Friday last week. Infrastructure improvement works pertains to a 30-kilometre-long Nyakarar . . .

Eldoret is set for an infrastructural change with construction of a US$ 90m dual carriage road. Members of the County Assembly in Uasin Gishu County approved the project, which is expected to commence as soon as the survey currently being done, is complete.   The road will link Eldoret town t . . .

  The overall infrastructure spending in the sub-Saharan region is projected to grow by 10 per cent a year over the next decade and will exceed US$180bn by 2025, a new report by PricewaterhouseCoopers (PWC) reveals Nigeria and South Africa dominate the infrastructure market, but other countri . . .

Rwanda is putting up a landmark conference centre as part of its plans to reap from conference tourism. Kigali Conference Centre, a dome-like construction being built mainly using steel, will have a seating capacity of 2,600. According to Frank Murangwa, the Meetings Incentive Conference and Events . . .

The cash will enable National Cement Company expand its operations and create over 6,000 jobs he International Finance Corporation (IFC), a private sector lending arm of the World Bank, will inject  Sh5.9 billion ($70m) into National Cement Company Limited, a member of the Devki Group Of Compa . . .