Market News

  • The Nairobi-Nakuru-Mau Crest Highway Project receives approval from the African Development Bank for 150 million USD

    Posted on :Friday , 29th July 2022

    As part of the First Mover Public-Private Partnership (PPP) initiative, the Board of Directors of the African Construction Bank Group today approved financing of 150 million USD for Kenya to assist a significant highway development project.

     

    The project will include building the A8 and A8 South freeways. The current 175 km of A8 road from Rironi to Mau Peak will be upgraded an. . .

  • East African countries are involved in a USD 8 billion investment agreement.

    Posted on :Thursday , 23rd June 2022

    From agreements signed during the 2021 African Investment Forum, East African governments would collectively benefit from investments totaling at least USD 8.77 billion in transportation, healthcare, energy, and agriculture, among other areas.

     

    The African Development Bank (AfDB) organised the three-day conference in collaboration with other financial institutions including th. . .

  • A second container terminal's phase two construction is finished in the port of Mombasa, Kenya

    Posted on :Wednesday , 22nd June 2022

    According to Kenya Ports Authority, the second phase of the Sh32 billion Port of Mombasa's second container terminal, which began in September 2018, has been finished (KPA).

     

    The port authorities revealed the information after confirming that the project had been completed by the Japanese contractor, Tokyo Construction Company Limited. Representatives from Tokyo Construction C. . .

  • Nairobi Railway City project timeline

    Posted on :Tuesday , 24th May 2022

    Work on the new Nairobi Railway City Project will begin in two months. It will include eight lines and four extra lines for freight services when finished in two years. Speaking at the Serena Hotel at the introduction of the final design by the UK and Kenyan government members, Transport Principal Secretary Joseph Njoroge stated that the government is committed to ensuring the project's smooth . . .

  • The Nairobi Expressway is getting its finishing touches.

    Posted on :Wednesday , 30th March 2022


    The Nairobi Expressway project, which has been in the works since mid-2020, is almost finished, ushering in a new era in Kenyan road construction.

     

    The contractor is presently putting the finishing touches on the 27.1-kilometer elevated roadway, according to the Kenya National Highways Authority (KeNHA), in preparation for a scheduled test drive that would clear the way fo. . .

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