Market News

In terms of infrastructure investments, Tanzania is leading the East African bloc in terms of value. The region, the second-largest economy in the EAC, according to the Africa Construction Trends Report 2019, reported a total project value of USD 60.3 billion last year. Tanzania's overall proje . . .

The World Bank has approved a Sh81 billion loan to upgrade half of the 750-kilometre Isiolo-Mandera road and lay a fibre-optic cable in a major boost to the North Eastern region.The lender said on Wednesday that it projects the International Development Association (IDA) financing will improve the m . . .

The building of Mt. Kenya region's tallest building has begun. The "Praise Mall" project for mixed-use urban growth covers a total area of 0.4 hectares of land along Meru-Embu-Nairobi Highway in Meru city, Meru County. Jesus House of Praise International church is designing the over USD 42 M project . . .

Cement consumption in the first seven months defied effects of the corona virus pandemic pointing to stable activity in the construction sector despite the restrictions imposed in March to curb spread of the disease.Data from the Kenya National Bureau of Statistics (KNBS) show that consumption rose . . .

South African construction and building materials retailer, Builders, is set to open its first store in Nairobi this month as it expands into the East African region.The store, to be opened at the Waterfront Karen at the end of August, will bring the total number of Builders stores beyond South Afri . . .