Market News

 German chemical manufacturer BASF has opened a new admixtures production plant at Nairobi in KenyaAccording to company officials, the facility will enable the company to meet the rising demands for construction chemicals in East Africa. Dick Purchase, head of regional business unit for constr . . .

The proposed Dangote cement factory in Kenya is now set to produce double the initial planned capacity, indicating the rise in demand of cement in Kenya. The announcement, made in the company’s trading update, could also fuel price wars for cement in Kenya. The company said it was reviewing p . . .

 Many construction projects in Kenya, among them the government’s commitment to construct 10, 000 km of additional network, is set to increase demand for construction equipment. The Kenya Rural Roads Authority (Kerra) has also indicated that the roads network requires 540 excavators, 108 . . .

 Sino Hydro Tianjin Engineering will undertake expanding of the Outer Ring Road in Nairobi, Kenya at a cost of US$82m. This is after beating other eight firms that submitted bids in the tendering process. The 13 km stretch that feeds the Thika superhighway on the one end will now be expanded i . . .

 About 43 new state-of-the-art hospitals are expected to be built across South Africa within the next five years.   Over and above, 216 new clinics will also be built by the national Department of Health, and 816 old hospitals across the country will be renovated, said Health Minister Dr . . .