Market News

  • Industry leaders converge in Nairobi for the 22nd Buildexpo Kenya 2019 at KICC

    Posted on :Thursday , 13th June 2019

    The 22nd edition of Buildexpo Africa is back in Kenya at the KICC Nairobi. At East Africa’s largest building and construction fair, exhibitors from over 40 countries who are the finest in building, construction and infrastructure development will be showcasing their products, services and equipment. The event will also feature awards in innovation and design that will be presented to the . . .

  • Construction of BRT system in full swing in East Africa

    Posted on :Monday , 17th June 2019

    Successful demonstration of BRT was done by Dar es Salaam, which is the first city to launch a BRT system in East Africa. After the completion of the first phase of the 21 Km BRT in the Dar Es Salaam which includes five terminals, seven feeders, 27 stations and three connector stations. Currently, around 140 buses are running daily on their special lanes. On the same lines the national treasury. . .

  • AFFORDABLE HOUSING IN KENYA GETS A USD 250 MILLION BOOST

    Posted on :Monday , 13th May 2019

    A USD 250 million loan to Kenya has been approved by the World Bank for a large scale affordable housing project. World Bank’s Kenya Country Director Mr. Felipe Jaramillo, said that the establishment and operationalisation of the Kenya Mortgage Refinance Corporation (KMRC), a largely private sector-owned and non-deposit taking financial institution supervised by the Central Bank of Kenya . . .

  • CONSTRUCTION OF OUTER RING-THIKA HIGHWAY EXCHANGE IN KENYA COMMENCES

    Posted on :Monday , 29th April 2019

    The Kenya Urban Roads Authority (KURA) has started construction of a advanced flyover exchange connecting the Outer Ring Road and Thika Super Highway in Kenya, in a bid to comfort traffic congestion as a result of high population frequency in the Eastern Nairobi.

    The cooperation has therefore declared a 3 month closure of the overpass at GSU headquarters to make sure that the con. . .

  • KENYA ON THE CUSP OF AN UNPRECEDENTED CONSTRUCTION BOOM

    Posted on :Monday , 22nd April 2019

    The central pillar of Kenya’s Vision 2030 infrastructure development is among the strong holds and in 2015 the USD 3 bn construction sector contributed 4.8% to the Kenyan economy. According to a recent survey 148,000 people are formally employed in the domestic building and construction industry.

     Although building and construction contractors are required to be registered wi. . .

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