Market News

The construction of the 20 inch Nairobi to Mombasa in Kenya oil pipeline will be completed by end of December 2016, officials have said. Permanent Secretary in the Ministry of Energy and Petroleum Joseph Njoroge told Xinhua in Nairobi that the 485 million U.S. dollar pipeline will reduce the cost tr . . .

 The Tanzania Portland Cement Ltd (TPCC) has embarked on conducting training for more than 1,000 block makers across the Lake Zone. The move is aimed at helping the block makers produce blocks according to standards requirements.   Mr Simon Delens who is the Director of TPCC said the ser . . .

 A tender for the construction of the US$ 4bn Kenya-Uganda pipeline that is expected to cover 1,500km is set to be announced before the end of this year.   The construction project has been incorporated into the Lamu Port- South Sudan-Ethiopia Transport Corridor (Lapsset) infrastructure . . .

 Kenya is set to become a hub for intra-regional trade in Africa, according to a new report from Frost & Sullivan. An estimated $55.6 billion in investments in infrastructure development for Kenya is planned, the majority of which will focus on telecommunications and power generation infrastruc . . .

 Road construction in Ethiopia will now be dominated by the government  after Ethiopian Road Construction Corporation (ERCC) rolled out a business plan to boost its market share in road construction to 50%.   The move is aimed at improving transport and communication in the country . . .