Market News

 The construction industry in Kenya defied high interest rates to post impressive growth, a new report by Kenya National Bureau of Statistics (KNBS) reveals.   Data released by KNBS, reveals that the sector grew by 14.1 per cent in the third quarter of 2015 compared to 8.8 per cent over . . .

 Thanks to the Thika Superhighway completed by Chinese three years ago, travels have become much more comfortable.   The 50 km road is Kenya's first superhighway and one of the most modern pieces of road infrastructure in East and Central Africa.   The highway is seen as strategic . . .

 As 2015 ends, Kenyans have a basketful of expectations in the coming year from the Chinese, who have touched their lives in different sectors.   From infrastructure to technology, Kenyans expect the Chinese to continue investing in the country, and even do more projects than they did in . . .

Ethiopia is seeking to modernize its construction sector by adopting technology. The country’s Ministry of Construction says it has embarked on a preparation plan to modernize Construction sector in Ethiopia in the GTP II period.   The planning stage involves heads of regional bureaus a . . .

The Kenyan oil industry is set to receive a financial boost of US$1.3bn from the American Government as they have expressed interest in funding the construction of an oil pipeline in Kenya that will link the northern oil fields to Lamu. The US$ 2.3bn development is a positive and tremendous project . . .