Market News

 GULF Energy has won the tender for the development of a 960 megawatt coal plant in Lamu, the Ministry of Energy and Petroleum announced yesterday. However two other firms which had shown interest in the tender and made it to the tip list and considering appealing the award. The chairman of th . . .

 About 43 new state-of-the-art hospitals are expected to be built across South Africa within the next five years.   Over and above, 216 new clinics will also be built by the national Department of Health, and 816 old hospitals across the country will be renovated, said Health Minister Dr . . .

 Tarime — TARIME District Council says it would successfully implement the directive by President Jakaya Kikwete to build laboratories in all public secondary schools within shortest possible time.   The council plans to start building a total of 20 laboratories any time from now. . . .

 A Swedish investor wants to test Kisumu’s real estate appetite with Sh48-million villas. Fred Andersson, owner of Coromandele Investment Ltd is putting up 30 villas priced at Sh38.5million and Sh48.5million at Riat Hills, 3km from Kisumu International Airport.He said each unit would comp . . .

 The East African Community is finalising plans for a transnational highway to link the Kenyan and Tanzanian coasts. The 460km highway, expected to cost $600 million, will start in Malindi, pass through Mombasa and Lunga Lunga on the Kenyan side, across to Tanga, then on through Pangani and . . .