Market News

Real estate and investment firm Cytonn has begun construction of its Sh2.5 billion lifestyle community in Ruaka on the outskirts of Nairobi.   The Alma, which is to be completed within three years, is targeting the middle to lower-middle income class with discerning tastes for modern day apar . . .

A team chaired by Deputy President William Ruto now wants governors to be given Sh8 billion for the construction and maintenance of county roads after they were denied funds in the Division of Revenue Bill, 2016.   The Intergovernmental Budget and Economic Council (IBEC), which brings togethe . . .

Kabale — Prime Minister Ruhakana Rugunda has cautioned contractors not to delay completion of government projects, especially in the road sector.   Dr Rugunda, who was last Friday presiding over a ground-breaking ceremony for the construction and tarmacking of three feeder roads in Kaba . . .

Mombasa Cement Ltd plans to invest Ksh7.3 billion ($73 million) to expand the factory's production capacity.   The company is eyeing the market created by construction boom in East Africa and other countries in the larger region.   The investment in a new clinker and cement unit is exp . . .

Lagos — Vice President Yemi Osinbajo says the Federal Government will soon commence work on 31 major roads across the country in its drive to develop infrastructure and grow the economy.   The vice president stressed the need for collaboration among states of the federation in order to . . .