A USD 250 million loan to Kenya has been approved by the World Bank for a large scale affordable housing project. World Bank’s Kenya Country Director Mr. Felipe Jaramillo, said that the establishment and operationalisation of the Kenya Mortgage Refinance Corporation (KMRC), a largely private sector-owned and non-deposit taking financial institution supervised by the Central Bank of Kenya (CBK) will be supported by Kenya Affordable Housing.... Read more »

Posted on : Monday , 13th May 2019

Construction works on Julius Nyerere International Airport terminal 3 has been announced by the government of Tanzania that it is nearing completion. With only final touches remaining before being handed over to the government for operations. Works, Transport and Communications Minister Isack Kamwelwe announced that the project is 96% complete.  The construction began with JNIA Terminal 1 which has a capacity to handle 500,000 passengers.... Read more »

Posted on : Tuesday , 30th April 2019

Ethiopia has signed an agreement with a Chinese firm, China Communication Construction Company (CCCC) to design and build the country’s longest bridge. The Company secured the deal by placing an offer, which was 15.3% higher than the engineers’ estimate. Three companies were disqualified at the technical stage, leaving CCCC as the sole bidder whose financial offer was opened on February, 2019. Construction of bridge will be.... Read more »

Posted on : Monday , 29th April 2019

The Kenya Urban Roads Authority (KURA) has started construction of a advanced flyover exchange connecting the Outer Ring Road and Thika Super Highway in Kenya, in a bid to comfort traffic congestion as a result of high population frequency in the Eastern Nairobi. The cooperation has therefore declared a 3 month closure of the overpass at GSU headquarters to make sure that the construction works are not disrupted by vehicles. It is an.... Read more »

Posted on : Monday , 29th April 2019

The central pillar of Kenya’s Vision 2030 infrastructure development is among the strong holds and in 2015 the USD 3 bn construction sector contributed 4.8% to the Kenyan economy. According to a recent survey 148,000 people are formally employed in the domestic building and construction industry.  Although building and construction contractors are required to be registered with the National Construction Authority (NCA), companies.... Read more »

Posted on : Monday , 22nd April 2019

The construction industry contributes more than seven per cent to Rwanda’s national GDP. Big projects for example, the Bugesera airport project, have kicked off well while many others are in the pipeline.  There is still demand for retail space while more projects are coming up. Although the demand and supply sides are yet to be reconciled, the increasing capital spending by the private sector and government has thrust the sector into.... Read more »

Posted on : Wednesday , 17th April 2019

Kenya is set to sign the US $3bn deal with USA for the construction of Nairobi-Mombasa expressway this month. US Ambassador to Kenya Kyle McCarter announced the reports and said the deal will pave way for construction works to begin anytime after June. The contract includes development of three additional Special Economic Zones along the alignment next to strategic interchanges which will bring additional revenue to the national and county.... Read more »

Posted on : Friday , 12th April 2019

Construction of 67 new district health facilities countrywide have been confirmed by the Tanzanian govenment and it has been revealed that the project is on the advanced stages. Reducing challenges confronted by people from the rural areas is one the primary aims for the construction of the new facilities. According to Prime Minister Kassim Majaliwa, the plan is to have quality healthcare closer to the people so that they don’t have to.... Read more »

Posted on : Thursday , 28th March 2019

The construction sector in Rwanda is experiencing a huge boost due to the population growth rate of 2.7% annually. The growing demand in the construction and real estate sectors is being experienced by Rwanda on a massive scale. Every year 28 thousand and 35 thousand housing and commercial units are in demand within Kigali; struggling to meet this need are the developers. "Taking a significant chunk of the GDP the construction sector has.... Read more »

Posted on : Wednesday , 10th April 2019

Developers who are keen on Roads, housing and civil work projects 2018 was projected to be an exciting year, moving Kenya closer to vision 2030, the government identifies affordable housing among the key golden pillars for the next five years and food security manufacturing and universal health care are some others. Did you know that civil works as well as roads are paramount for each of the four pillars? The delivery of about 500,000 housing.... Read more »

Posted on : Saturday , 23rd March 2019

Eagle Hills a UAE based construction firm, has confirmed a project estimated at $2 billion towards an integrated community development in Addis Ababa.  The project which includes malls, 4,000 apartment houses, three star hotels and recreation centers will see the Ethiopian government hold a 27 percent share, according to Prime Minister Abiy Ahmed, who launched the project recently at an event.  Estimated to take up to seven years to.... Read more »

Posted on : Thursday , 7th March 2019

The government of Ethiopia and Djibouti has signed a deal to build a 765km pipeline to transport gas from the landlocked state to Djibouti, partly bordered by the red sea. The agreement which was signed between Minister of Ethiopia’s Mines and Petroleum Samuel Urkato and Djibouti’s Energy and Natural Resources Yonis Guldi, states that 700km pipeline will be installed in Ethiopian Territory while the remaining 65km will be within.... Read more »

Posted on : Friday , 22nd February 2019