Market News

Kenya and South Korea Seal Partnership to Build Five Smart Cities
Kenya and South Korea Seal Partnership to Build Five Smart Cities
29 June 2023

Korea Trade Centre, Nairobi (KOTRA), the Commercial Section of the Embassy of the Republic of Korea, and the Kenyan Government through the Ministry of ICT and the Digital Economy have signed a memorandum of understanding (MoU) to foster and promote partnerships and investments in the development of . . .

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Turkana County in Kenya plans the construction of 1,200 Housing Units
Turkana County in Kenya plans the construction of 1,200 Housing Units
27 April 2023

Turkana County is now planning the construction of 1,200 Housing units. The county government will fund the project, which will benefit all six constituencies. According to the Kenya Urban Support Programme's National Project Coordination Team, led by Eng. Benjamin Njega. Njega was delighted th . . .

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Kenya Railways has begun work on the Nairobi Railway City initiative.
Kenya Railways has begun work on the Nairobi Railway City initiative.
23 February 2023

The projects will involve constructing a public square and a new stop for the Nairobi Central Railway. Phase 1 of the Nairobi Railway City project, which is anticipated to cost KES12 billion (USD 95 million), has begun construction by Kenya Railways. The project's groundbreaking event took . . .

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Investing in Africa is a wise business decision and a long-term company strategy.
Investing in Africa is a wise business decision and a long-term company strategy.
27 December 2022

Now is the best time to make an investment in Africa. However, because overseas investment choices are frequently painstakingly overstructured, investors have not rushed to the region as quickly as expected. An important contributory component is too much risk. However, risks and profits go hand in . . .

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The World Bank's IFC has invested Sh40 billion for the Nairobi-Mau Summit Highway.
The World Bank's IFC has invested Sh40 billion for the Nairobi-Mau Summit Highway.
27 December 2022

The move is probably going to help the Sh190 billion project get extra money. The Sh190 billion Nairobi-Mau Summit Highway has received a financing commitment from the International Finance Corporation (IFC), a division of the World Bank, in the amount of Sh40 billion (USD 320 million). Th . . .

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