Market News

  • Global Trade Centre (GTC) Tower Construction in Westlands, Nairobi, Kenya, Complete

    Posted on :Monday , 10th January 2022

    In Westlands, Nairobi, Kenya, the construction of the Global Trade Centre (GTC) Tower that comprises six imposing building structures, has been completed and officially commissioned in a ceremony graced by President Uhuru Kenyatta.

    In his speech, the president said that the Government of Kenya congratulates the Avic International Real Estate in Kenya, a subsidiary of AVIC International Ho. . .

  • Why focus is on smart cities in Africa

    Posted on :Wednesday , 10th November 2021

    Africa is projected to maintain its streak as the fastest urbanising region in the world, with new forecasts showing its cities and major towns will be home to an additional 866 million people in just 30 years. To sustain the cities, African universities are engineering tech solutions.

     

    Smart city technologies are being touted as a solution for Africa's urban planning challeng. . .

  • Mwache Multipurpose Dam construction to begin in November

    Posted on :Tuesday , 26th October 2021

    The construction of the Mwache Multipurpose Dam, whose contract was signed in August 2018 and delayed for several years as the constructor awaited the government to finalize the land compensation exercise is set to begin next month (November 2021).

    This was announced by Joseph Irungu, the Permanent Secretary (PS) for Water in the Ministry of Water, Sanitation, and Irrigation adding that t. . .

  • Kenya's first Sh1.5 trillion high-speed highway

    Posted on :Tuesday , 26th October 2021

    The Nairobi-Mombasa Expressway project to be executed by Bechtel Corp has revised it's plan to build the motorway and recoup its costs through tolls. The American contractor contracted to build the 473-kilometer expressway has estimated that the Public Private Partnership (PPP) model will cost Sh1.5 trillion — five times the budget.

     

    According to the Parliamentary Budget. . .

  • Government of Kenya launches US$ 4.6m water project in Nyali, Mombasa

    Posted on :Tuesday , 19th October 2021

    The National Government of Kenya recently launched an over US$ 4.6M water project in Nyali, a residential area, and Sub-County within Mombasa City on the mainland north of Mombasa County.

    The project, which is a part of a close to US$ 12M water program in the coastal County, is set to significantly improve water services for the residents of Kongowea, Maweni, VOK, and Kisumu Ndogo.

    . . .

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