Market News

The misleading reporting that has recently appeared in the press regarding Qalaa Holdings and its investment in Rift Valley Railways (RVR) has compelled us to respond to the blatant inaccuracies and to clarify any misunderstanding that may have occurred as a result of these false accusations. &nbsp . . .

Kenya is looking for close to Ksh550 billion ($5.5 billion) to complete the construction of 10,000 kilometres of roads, after local banks refused to lend the money to the contractors after the botched annuity financing model.   The country is now negotiating for a line of credit of $1.5 billi . . .

The County Assembly on Thursday approved Sh70 million for construction of a governor's residence in Likuyani Sub-County and another Sh100 million to build a modern County Assembly.   These were among the highlights of Sh13.2 billion budget that gave Health, Infrastructure and Agriculture depa . . .

Nairobi — The Kenya National Highways Authority (KeNHA) has called for bids on the rehabilitation of the Isebania-Kisii-Ahero Road which is slated to start sometime this year.   According to the authority, the road project which will be carried out in two lots will have Lot 1 starting f . . .

Nakuru County is set to receive a grant of over Sh100 million from the Kenya Roads Board (KRB) for the development of its roads.   Funding talks with the Board are at an advanced stage, County Governor Kinuthia Mbugua disclosed on Thursday.   Governor Mbugua was speaking at a road safe . . .