Market News

With an initial budget of over a billion shillings, the development of 30 Swedish style villas on 8.5 acres is now underway after the project launch at the Swedish Ambassador’s residence in Nairobi last week.   The project is the brainchild of Fred Andersson, the Swedish entre . . .

Louis Berger, an engineering services company based in US has secured a five-year contract for construction works to improve a section of the Yaoundé-Douala highway in Cameroon. The contract is a five-year engagement that will see the country’s Yaoundé diplomatic region connected . . .

Arab Contractors Company (AC), Egypt’s leading Construction Company is set to sign a new contract for implementation of various housing projects in Algeria this month. The contract is to be signed this month between the Government of Algeria and the company, according to the Chairman of Arab . . .

Construction of the cement plant, Zim in Zimbabwe, will be completed by 2016 according to PPC Zimbabwe division. The plant will all cost US$ 80m upon completion. The company’s managing director Mr Njombo Nekula said Environmental Impact Assessment for the Zim Plant project was already approve . . .

 The African Development Bank (AfDB) has given Kenya a loan worth US$ 110.54b to construct Mombasa–Bujumbura highway that will link Kenya and Rwanda. Branching off the Northern Corridor at Voi, the Mombasa–Bujumbura highway will stretch 1550 kilometers. The road will also connect t . . .