Market News

State invites bids for expansion of Nairobi-Mombasa highway
State invites bids for expansion of Nairobi-Mombasa highway
22 September 2016

 Planned expansion of the Nairobi-Mombasa road into a six-lane super-highway is expected to begin in the next couple of months with the invitation of bids for the project.   Transport and Infrastructure secretary James Macharia said the government planned to build the road through a Publ . . .

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Lobby group wants more consultations over new SGR route
Lobby group wants more consultations over new SGR route
20 September 2016

 Conservationists are up in arms about the Nairobi-Naivasha standard gauge railway (SGR) route that will cut through the Nairobi National Park, and are calling for the postponement of its launch to allow for more consultations.   Kenya’s President Uhuru Kenyatta is expected to laun . . .

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Nairobi-Naivasha SGR construction to cost Sh2 billion more
Nairobi-Naivasha SGR construction to cost Sh2 billion more
15 September 2016

 The construction of the Nairobi-Naivasha Standard Gauge Railway will cost taxpayers Sh2.02 billion more.   The 120km route had been estimated to cost approximately Sh150 billion.   Kenya Railways MD Atanas Maina said the cost went up after the original route was modified as deman . . .

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China and World Bank form firm to fund Africa projects
China and World Bank form firm to fund Africa projects
14 September 2016

 China and the World Bank have formed an infrastructure firm with an initial $500 million investment to help fund projects in Africa.   China Overseas Infrastructure Development and Investment Corporation Limited (COIDIC) will invest and manage projects from concept to feasibility studie . . .

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Kenya: Work Begins on Road Linking Malindi to Tsavo East Park
Kenya: Work Begins on Road Linking Malindi to Tsavo East Park
12 September 2016

 Construction of a road linking Malindi to the Tsavo East National Park has finally started.   The tarmacking of road will ease travel via the Nairobi-Voi-Malindi route and boost tourism.   President Uhuru Kenyatta and his deputy William Ruto had promised that the road will be tar . . .

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