Market News

 Kenyans will in the next five years be allowed to build homes and office blocks using affordable local raw materials, bringing down the cost of construction.   This follows a policy shift, which will see the country drop stringent guidelines that have long restricted developers to expen . . .

 Trade between Uganda and Kenya is projected to increase as the construction of a new and shorter route from Mbale to the Lwakaka border post in eastern Uganda kicks off.   The state minister for trade, Michael Kafabusa Werikhe, said when this road is complete, the quantity of exports an . . .

 Nairobi - The African Development Bank will hold an investors’ roadshow to attract as much as $7.6 billion in financing for a railway line linking Tanzania’s port in Dar es Salaam with neighbouring landlocked countries.   The Abidjan, Ivory Coast-based lender is teaming up w . . .

 The Kenyan government said on Sunday that it plans to expand the Nairobi-Mombasa highway from the current single lane to six lane modern highway and bids are likely to be invited soon, an official said on Sunday.   State House spokesman Manoah Esipisu told a news conference in Nairobi t . . .

 The China-Africa Development Fund (CADFund) on Thursday signed a memorandum of understanding (MoU) with the Kenyan government to develop 20,000 housing units for civil servants.   Speaking at the launch of a new CADFund office in Nairobi, Kenyan Cabinet Secretary for Transport, Infrastr . . .