Market News

 President Uhuru Kenyatta has called for closer partnerships between governments, regional and international investors to bridge financing gaps in infrastructure development.   President Kenyatta said governments cannot single-handedly invest in every infrastructure needed in the entire . . .

 Tanzania has begun the construction of what it says will be the largest port in East Africa at a cost of about $11bn. Backed by China Merchants Holdings International and Oman’s State Government Reserve Fund, the project is expected to be a game changer in Tanzania’s quest to indus . . .

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 . . .