Market News

  • Expansion of US $2bn Rironi-Mau Summit highway in Kenya to begin in September

    Posted on :Tuesday , 22nd June 2021

    Expansion works on the US $2bn Rironi-Mau Summit highway in Kenya is set to begin in September this year. This is according to Transport Cabinet Secretary James Macharia.

    “We are set for expansion of the Rironi-Maai Mahiu-Naivasha highway this September.  It will improve connectivity between Central and Eastern Kenya and the Rift Valley and Western Kenya regions, a. . .

  • Kenya launches Lamu Port now open for business

    Posted on :Monday , 24th May 2021

    Newly constructed Lamu port project has officially been opened by President Uhuru Kenyatta with the target to link Kenya to South Sudan, Ethiopia and therefore the middle belt of Africa.

    Two other berths are likely to be launched before the end of the year.

    The project is part of the Lappset which comprises a standard gauge railway line, Road network, Oil pipeline (Crude & pro. . .

  • Affordable homes budget doubles to Sh8bn in Uhuru’s last year in office

    Posted on :Tuesday , 11th May 2021

    Budget estimates tabled in Parliament show that Sh8 billion has been allocated for the affordable units in the year starting July.

     

    Treasury has doubled the allocation for construction of affordable houses as the State races against time to deliver the low-cost units in President Uhuru Kenyatta’s last year in office.

     

    Budget estimates table. . .

  • Construction of US $42m new Makupa Bridge in Mombasa, Kenya begins

    Posted on :Wednesday , 28th April 2021

    The Kenya National Highways Authority (Kenha) has begun construction of the US $42.1m new Makupa bridge in Mombasa. The 457m long bridge will replace the historic Makupa causeway that links Mombasa Island to the mainland.

     

    Kenha awarded China Communications Construction Company (CCCC) the contract for the construction of the two four-lane parallel bridges in November last year. . .

  • Kenya signs deal with Chinese company to construct Lapsset road

    Posted on :Wednesday , 21st April 2021

    Kenya National Highway Authority (KeNHA) have signed a major deal of 17.9 billion shillings (about 166 million U.S. dollars) with a Chinese Construction firm. The partnership is to construct a 453-km road that is part of the Lamu Port-South Sudan-Ethiopia Transport (LAPSSET) corridor project.

    The road construction encompasses of 257-km Lamu-Ijara-Garissa section which is part of the LAPS. . .

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