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Market News

  • Warehouse construction is the next big target

    Posted on :Tuesday , 13th March 2018

     Developers are currently targeting the warehouse industry in Kenya and somehow moving away from the crowded construction of residential, retail and office space.

    With the construction industry in Kenya witnessing a boom in the residential, retail and office space, developers are currently targeting the warehouse industry as a new avenue to expand.

    Tilisi Developments L. . .

  • Rwanda and Tanzania agree on joint construction of the SGR from Isaka to Kigali

    Posted on :Monday , 5th February 2018

     In a meeting of finance ministers from Rwanda and Tanzania on Monday in Dar es Salaam, Tanzania, consideration was given the finance matters regarding accomplishment of the two countries’ US $2.5bn joint 521 km Isaka-Kigali SGR (Standard Gauge Railway) project. 

     
    Amb. Claver Gatete, the Rwandan Minister for Finance and Economic Planning, and his dele. . .

  • CONSTRUCTION WORK IN FULL SWING THE TALLEST BUILDING IN AFRICA

    Posted on :Saturday , 20th January 2018

    'The Pinnacle’ in Nairobi, Kenya, with a height of 300m is on track to become the tallest skyscraper in Africa, easily exceeding South Africa’s 223m Carlton Centre. With the foundation stone laid by Kenyan President Uhuru Kenyatta, construction has begun on the mega structure.

    Located in Nairobi’s vibrant financial hub called Upper Hill and situated at a distance of . . .

  • Mega port project in Tanzania gets a landmark go-ahead

    Posted on :Wednesday , 29th November 2017

    Government of Tanzania has approved a major project to develop a port and an adjoining industrial zone in Tanzania by the Oman Sultanate’s State General Reserve Fund (SGRF), along with its partner China Merchants Ports (CMPorts).

     
    The proposal includes dredging of the navigational channel, construction of a port and logistics park, and the development of the po. . .

  • BAGAMOYO PROJECT - Comprehensive project proposal has been accepted

    Posted on :Friday , 17th November 2017

     China Merchants Port comprehensive project proposal has been agreed and accepted by the Tanzanian government which has now officially submitted its letter of approval for the Bagamoyo Special Economic Zone venture. According to Tanzanian Ambassador to China Mr Mbelwa Kairuki, the letter was submitted to the China Merchants Port Managing Director, Bai Jingtao, on the 10th of November, 2017. . .

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