Market News

Watamu shoreline, in Malindi Kenya is set to have the tallest high rise in Africa eclipsing the Pinnacle Tower in Nairobi's Upperhill region that stands at 70 stories and 300 meters in stature and as at now is the tallest high rise in the landmass. The Palm Exotica upon fruition will tower a tal . . .

Keeping in mind the 'Big Four' agenda, Kenya is all set to build 30,000 low cost homes in the region. The project will see the light in the region of East Nairobi with 5,000 houses in Shauri Moyo, 20,000 houses in Makongeni, 3,000 houses in Starehe and 2,000 units in Park Road estates.   Stat . . .

Kenya’s application to be inducted in the China-led Asian Infrastructure Investment Bank (AIIB) has been accepted, creating a big financial boon for the developing nation. It will be a cheaper solution for Nairobi’s financing needs with regards to infrastructure. AIIB’s Vice Presid . . .

The newly upgraded Outer Ring Road in Eastlands will now boast of 11 footbridges the construction of which is currently underway  KURA chief corporate communication officer John Cheboi yesterday said the Chinese firm Sinohydro Tianjin Engineering Limited will construct the footbridges at a tot . . .

Kenyatta International Convention Center ( KICC ) is gearing up to host its largest annual event, the 21st edition of Buildexpo Africa to be held from May 3 to 5. The show catering to the construction industry is spread over the entire indoor and outdoor area of KICC with exhibitors participating fr . . .