Kenya’s application to be inducted in the China-led Asian Infrastructure Investment Bank (AIIB) has been accepted, creating a big financial boon for the developing nation. It will be a cheaper solution for Nairobi’s financing needs with regards to infrastructure. AIIB’s Vice President and Corporate Secretary Sir Danny Alexander commented in a statement, "We're very happy to welcome Papua New Guinea and Kenya as prospective.... Read more »

Posted on : Saturday , 5th May 2018

The newly upgraded Outer Ring Road in Eastlands will now boast of 11 footbridges the construction of which is currently underway  KURA chief corporate communication officer John Cheboi yesterday said the Chinese firm Sinohydro Tianjin Engineering Limited will construct the footbridges at a total cost of Sh880 million. The company has started putting up the footbridge at Baba Ndogo area and sources said that the process will continue until.... Read more »

Posted on : Thursday , 19th April 2018

Kenyatta International Convention Center ( KICC ) is gearing up to host its largest annual event, the 21st edition of Buildexpo Africa to be held from May 3 to 5. The show catering to the construction industry is spread over the entire indoor and outdoor area of KICC with exhibitors participating from 40 countries. According to the organizers, Buildexpo  has grown in several aspects in 2018. The visitor registrations are much higher.... Read more »

Posted on : Saturday , 7th April 2018

A resident demand has been finally met bearing fruits in the form of a mega US $9m private hospital which is set to be constructed in Nairobi’s Muthaiga North area. Located off Kiambu Road the project will comprise of a 100-bed private hospital with a fully equipped gym, a therapy pool and an aerobics centre. Investors also believe that this will improve the area’s value as an investment destination. The residents’.... Read more »

Posted on : Thursday , 5th April 2018

 On behalf of the TCPAK (Town and Country Planning Association of Kenya), I am very delighted to invite all of you at the 21st BUILDEXPO Kenya exhibition that will be held from May 3 to 5, 2018 at KICC – Nairobi. This is Kenya’s largest annual event devoted to the building and construction industry and provides all the participants a platform to introduce their products, find news partners and suppliers, exchange ideas, discover.... Read more »

Posted on : Thursday , 22nd 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 Limited Co- CEO Kavit Shah stated in reports that there has been a slow.... Read more »

Posted on : Tuesday , 13th March 2018

Kenya, a land where the world’s wealthiest people have found a new place to hunt for second homes. In a new report by a prime real estate consultancy, Kenya’s capital, Nairobi, as well as its coast and the countryside near Mount Kenya are listed as hotspots  While Kenya enjoys a prime spot on the radar of 4% of the global rich looking for a new property, the African ultra-rich count the East African nation among their top five.... Read more »

Posted on : Thursday , 7th June 2018

Lordship Africa a prominent real estate development company has broken ground on what is planned to be the tallest private residential building in sub-Saharan Africa. itting on a two-acre piece of land on the corner of Bishop’s Road and 4th Ngong Avenue, the landmark residential development will have 44 floors. According to the developer, the 88 Nairobi Condominium in Upper Hill area features a 44-floor, high-end, dedicated residential.... Read more »

Posted on : Friday , 9th 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 delegation including the Permanent Secretary and Secretary to the Treasury,.... Read more »

Posted on : Monday , 5th February 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 only 16km from Jomo Kenyatta International Airport, this.... Read more »

Posted on : Saturday , 20th January 2018

 Premier real estate developer Cytonn Investments is planning to construct a US $125m residential-cum-commercial development project in Kiambu County, Kenya. The project will accommodate 6,500 people and also comprise of a five star hotel.   The intent is to convert a 100-acre Kiambu coffee plantation into the mega project and it will be made possible through a special purpose joint venture with local as well as foreign.... Read more »

Posted on : Saturday , 6th January 2018

An expansion in communications, transport and construction sectors is being eagerly expected by East African economies for the year 2018.  Tanzania's economy is expected to expand by 7.1 per cent in 2018, up from an estimated 7 per cent this year and it’s Finance and Planning Minister Philip Mpango has vowed to boost public investment in infrastructure, including a standard gauge railway, new roads and expansion of.... Read more »

Posted on : Thursday , 7th June 2018