Market News

 A Swedish investor wants to test Kisumu’s real estate appetite with Sh48-million villas. Fred Andersson, owner of Coromandele Investment Ltd is putting up 30 villas priced at Sh38.5million and Sh48.5million at Riat Hills, 3km from Kisumu International Airport.He said each unit would comp . . .

 The East African Community is finalising plans for a transnational highway to link the Kenyan and Tanzanian coasts. The 460km highway, expected to cost $600 million, will start in Malindi, pass through Mombasa and Lunga Lunga on the Kenyan side, across to Tanga, then on through Pangani and . . .

 MIGORI County Government have announced plans to renovate the county stadium at a cost of Sh40 million. According to Governor Zachary Okoth Obado, the stadium will be used to boost young talent and enable the county have the best team in the region. The renovated stadium will accommodate volle . . .

 Arab Contractors Company (AC), a leading construction firm has been awarded a tender worth $27M to implement construction of 400km roads stretch in Egypt. In a statement sent to the media by Arab Contractors Company (AC) and signed by the board of Directors Eng. Mohsen Salah, the company is s . . .

City Lodge Hotel Group has made plans to set up a US $23m 3-star hotel in Kenya at the Runda Estate. Construction works are expected to start in January 2015 and is to be ready by October 2016.   This will be the first time the Group is developing a green-field hotel in East Africa. The $23m . . .