Market News

 Under the terms of the contract, the consulting firm would undertake a feasibility study, prepare tendering documents and advise on procurement of the project on behalf of the Kenya Urban Roads Authority (KURA).   The second Nyali Bridge project is anticipated to connect Mombasa Island . . .

 Ethiopia signed a 119 million dollar deal for power transmission lines to Kenya to export the extra power.   "It is mandatory to export the energy that is leftover as we cannot keep it, because our existing electric transmission lines are working beyond their capacity and they cannot tr . . .

 Speaking on Thursday in a press briefing, a day that also saw the company launch its property development affiliate- Cytonn Real Estate, firm’s Chief Executive Officer Edwin Dande, noted that 85 percent of the project would be low and medium housing. The remaining 15 per cent would be pr . . .

 Cement production in Kenya is soon to see a new entrant. A new cement grinding plant is set to be constructed in Western Kenya on a 50 acre piece of land. It is projected to produce 730,000 tonnes of cement every year and hence enhance the competition in the industry.   “The plant . . .

 The UK has agreed to provide a US$5mn grant to TradeMark East Africa for the construction of proper roads between Kenya’s Moi International Airport and Mombasa Port. The road upgrade is expected to begin in April 2015 and go on until June 2016. The funds will be used to upgrade . . .