Market News

President Uhuru Kenyatta on Sunday said the World Bank is set to embark on a Sh111 billion funding of transformative projects in the country particularly the Arid and Semi-Arid areas.   Though his spokesman Manoah Esipisu, the head of state indicated that the monies will be used to provide so . . .

East African Community (EAC) member states have prioritised development expenditure as countries look to further strengthen the growth agenda of the regional economies. In the national budget estimates presented yesterday, the regional bloc's biggest economy Kenya will be spending $22.8 billion, Tan . . .

Kenyan President Uhuru Kenyatta said over the weekend that China-funded high speed railway which runs from the coastal city of Mombasa to Nairobi will be completed ahead of the schedule.   Kenyatta, who visited a section of the 472 kilometer standard gauge railway (SGR) project which is more . . .

Kampala — Trade mark East Africa (TMEA) is to raise about US$ 1billion from their development partner's to finance infrastructure projects and other social, services in the Six East African Community countries.   This was revealed by the Chairman of Board of Directors Ali Mufuruki who s . . .

Kampala — The French government, through its public bank and overseas development agency, Agence Française de Développement (AFD), has said it will commit €180m (Shs667b) to the development of the proposed Kampala-Jinja Expressway next year.   The loan was revealed by . . .