Market News

The Newly constructed Weetabix East Africa plant in Kenya has been opened in the capital Nairobi. The move is aimed at increasing production capacity as well as enhancing efficiency. The new plant which cost US$ 2.5m has the potential of generating up to 60 per cent of the company’s produce . . .

Multi-donor agency Trade Mark East Africa (TMEA), has hinted that the newly constructed Mombasa port terminal which cost US$ 30.9bn will be  operational in June, 2016. Dr. Chris Kiptoo, the TradeMark East Africa (TMEA) Kenya director said that the agency will hand over the facility to the Ke . . .

Ethiopia and Djibouti have signed a deal worth $1.55 billion for the construction of a 550km refined petroleum products pipeline linking the two countries. The 20-inch pipeline which will transport diesel, petrol and jet fuel from Damerjog port in Djibouti to Awash terminal in central Ethiopia has b . . .

A FEW days after laying foundation stone for the modern terminal building at the Abeid Amani Karume International Airport (AAKIA) on Unguja Island, President Ali Mohamed Shein has promised to upgrade the current small airport in Pemba to international level.   View Comments   "Plans ar . . .

Construction of the Mass Rapid Transit System in Kenya  which will cost US$ 4m is set to be launched in the capital Nairobi and will be fully funded by the National Treasury. The acting Director-general of public debt management at the Treasury, Jackson Kinyanjui confirmed the reports and sa . . .