Market News

City Lodge Hotel Group has made plans to set up a US $23m 3-star hotel in Kenya at the Runda Estate. Construction works are expected to start in January 2015 and is to be ready by October 2016.   This will be the first time the Group is developing a green-field hotel in East Africa. The $23m . . .

87 construction teams have arrived in Kenya from China to ensure the construction of the Standard Gauge railway in Kenya begins September this year. Also included from the China is 2000 pieces of equipment in readiness of the start of the project.   This was revealed on Monday this week in a . . .

 It is a ‘boom’ as many people are describing the growth of East Africa Construction industry. Many investors have taken the advantage of the boom by shaking off their pockets to invest in skyscrapers, shopping malls, roads, schools, hospitals etc.   Both private and public s . . .

 Akure — Concerned by the difficulties being encountered by the residents of the riverine communities in accessing their homes, the Ondo State Oil Producing Areas Development Commission (OSOPADEC) has launched the construction of innovational footbridges worth N300 million in its mandate . . .

  One of China’s biggest construction firms finished building a 1,344km railway in Angola, Africa this week, and plans to put it into operation this year.   The $1.83bn project, carried out by China Railway Construction, rehabilitated sections of the old Portuguese-built Benguela r . . .