Market News
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Japanese to Fund Container Terminal at Mombasa Port
Posted on :Tuesday , 17th October 2017
The Japanese Government is all set to finance The Kenya Port Authority’s (KPA) newest endeavor. The Japanese Government has allocated a US$ 339.2m loan to the terminal project, with construction work on phase 2 due to begin in January 2018.
KPA Managing Director, Catherine Mturi-Wairi revealed that development tendering for the project is very close to f. . .US$ 13 Million Mihrab Building Now Open in Nairobi
Posted on :Monday , 16th October 2017
US$ 13m development FCB Mihrab will soon be open to the general public. The building has been designed to portray Islamic values and is already available for occupation.
The building will be on Lenana Road in Kilmani, Nairobi. The building will be a symbol of purity and goodness in accordance with Islamic culture. The building is situated in an up-scale rapidl. . .Hilton to Develop 100 New Hotels in Africa
Posted on :Friday , 13th October 2017
Hilton Hotels are in the process of rebranding Nairobi’s Amber Hotel, with an overarching plan of opening 100 new hotels in Kenya with a Sh5.2 billion ($50 million) investment.
Hilton released a statement yesterday informing that the Gong Road Hotel is progressing well and is scheduled to open at the end of this year.This . . .Movenpick Advance Growth Agenda in East Africa
Posted on :Friday , 13th October 2017
Movenpick Hotels and Resorts have begun with the construction of an upscale 160-key Hotel in Abidjan.
The foundation was laid on October 7th with the hotel set to open in 2020. This new development will further the Swiss hospitality firm’s agenda in the Sub-Saharan region.This will be the company’s first property in Côte d’. . .German Company Wilo to Open Shop in Kenya
Posted on :Thursday , 12th October 2017
Wilo, A German Water Pumps, and pump systems manufacturer will soon open an assembly plant in Nairobi, Kenya. The plant will be expected to serve the needs of the whole East African market.
The firm’s Country Manager Belete Asnake confirmed that the plant will be fully functional by 2020. He also revealed that the firm’s regional office currently h. . .Please Select an Option
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