Market News

  • Probase Kenya to tarmac roads in Embu at a cost of US$ 38.5 Million

    Posted on :Friday , 18th December 2015

     The County government of Embu has signed contract with Probase Kenya a  Malaysian based construction firm to construct and tarmac roads across the county at a cost of US$ 38.8 Million.

     
    Embu County governor Martin Wambora said that the county signed the contract after the court ruled that county governments should manage their roads.
     
  • Kenya: Embu Signs Sh3.8 Billion Road Project Contract

    Posted on :Thursday , 17th December 2015

    The Embu government has signed a Sh3.8 billion contract with a Malaysian company to tarmack county roads.

     
    Governor Martin Wambora yesterday said this is in line with a court ruling last Friday that county governments should manage their roads.
     
    The Council of Governors sued the national government, demanding full control of county roads. . .

  • Construction of top notch expressway in East Africa launched

    Posted on :Thursday , 17th December 2015

     Ethiopian Roads Authority has begun the construction of what it says will be a major expressway which, upon completion in five years, will help ease traffic that has been forecast for the next 21 years.

     
    The country says in 21 years time the population would have increased significantly and that there was need to boost roads in urban areas. The construction of . . .

  • Ethiopia: Authority Launches Construction of U.S.$700 Million Expressway

    Posted on :Tuesday , 15th December 2015

    The 10,000km highway is designed for traffic levels forecast for the next 21 years
     
    Ethiopian Roads Authority began construction of the Modjo-Hawassa Expressway, which, upon completion in five years, will have a million new trees flanking it on both sides.
     
    The official launch of construction of the first four phases from Modjo to Me. . .

  • Ethiopia: Corporation Allocates 1 Bln. Usd for Industrial Parks

    Posted on :Tuesday , 15th December 2015

    Industrial Parks Development Corporation announced that it has allocated one billion USD to construct over ten parks in Adama, Makalle, Kombolcha, Jimma and Bahir Dar towns.

     
    Briefing journalists on Corporation current activities yesterday, Corporation CEO with the Rank of State Minister Sisay Gemechu said that the government plans to construct ten new industrial par. . .

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