Under a public-private partnership (PPP), the 473-kilometer Nairobi-Mombasa Expressway has been approved for its initial phase of construction. This was disclosed by the Treasury, which made it possible for the road construction project to go into the development stage. The Nairobi-Mombasa Expressway project, according to the Treasury, is anticipated to eliminate the severe traffic jams and lethargic speeds between Mombasa and Nairobi. It.... Read more »

Posted on : Tuesday , 2nd January 2024

Amidst the global highs and lows, Africa emerges as a beacon of opportunity, inviting investors to explore a wealth of potential in the coming year.Renowned Kenyan businessman and financial expert, Nazir Jinnah, shares insights on key areas ripe for investment, highlighting the continent's untapped potential.Jinnah emphasizes the growing momentum in Africa's embrace of sustainable practices, particularly in renewable energy projects.With solar.... Read more »

Posted on : Tuesday , 12th December 2023

The Tanzania Roads Agency (TANROADS) intends to sign 15 contracts for the construction of asphalt roads and bridges for 1.034 trillion shillings to boost infrastructure services in the country. This statement was made by Innocent Bashungwa, Minister of Construction, during supplementary replies in Parliament in Dodoma during the Fourth Session, 13th Meeting. According to Bashungwa, the projects will be implemented using local funding.... Read more »

Posted on : Wednesday , 29th November 2023

An agreement has been signed by the County Government of Nyeri and a local contractor for the building of an aggregate and industrial park in the Kieni constituency, valued at Sh500 million. In the next 24 months, the park a collaborative effort between the national and county governments will be operational, according to Chief Officer in Charge of Trade George Mwangi. Each of the two tiers of government would put in Sh250 million for the.... Read more »

Posted on : Friday , 3rd November 2023

The Government of Kenya has set aside Ksh1 billion annually for Kenyan Airstrips, which will be used to promote freight and passenger transportation as well as the tourism industry by constructing and renovating airstrips located all around the country. The expansion projects, according to Cabinet Secretary of Transportation Kipchumba Murkomen, are primarily intended to accommodate large aircraft. The CS continued by stating that their.... Read more »

Posted on : Tuesday , 3rd October 2023

Tanzania SGR project foresaw another major step as country of Spain via Export Credit Agency has shown interest in the funding of of the Standard Gauge Railway (SGR) construction project by issuing loans, loans guarantees and insurance to the companies of the country that will be given the contract of establishing the railway which will run from Makutupora to Mwanza and from Tabora-Morogoro all the way to Malagarasi. This decision made by the.... Read more »

Posted on : Friday , 29th September 2023

The Addis-Djibouti Corridor project has taken a significant step forward, with the Ethiopian government recently signing a $730 million corridor project deal with the World Bank, which will support the upgrade of the main transport route which passes between Addis Ababa City and Djibouti. The Ethiopian Ministry of Finance revealed this in a statement, stating that the Horn of Africa Regional Economic Corridor Project, which will be overseen.... Read more »

Posted on : Tuesday , 3rd October 2023

Kenya-Ethiopia Railway construction will foresee resumption as the Government of Kenya has resumed its construction plans that are set to begin in the year 2025 to construct the high-speed electric train railway at a cost of $13.8 billion. The railway line is anticipated to run from the port situated in Lamu to Ethiopia and then later extend to South Sudan. The standard gauge railway that will cover a distance of 3,000 kilometers will link the.... Read more »

Posted on : Thursday , 24th August 2023

ATIDI guaranteed a EUR300 million credit facility provided by Deutsche Bank AG to the Tanzanian government. The facility will finance numerous infrastructure projects that are part of Tanzania's budget for 2022/2023 and are in line with the country's National Development Vision 2025. Insuring Deutsche Bank against non-payment by the Tanzanian government on the loan facility advanced to the ministry of finance, ATIDI provided a seven-year.... Read more »

Posted on : Monday , 31st July 2023

Korea Trade Centre, Nairobi (KOTRA), the Commercial Section of the Embassy of the Republic of Korea, and the Kenyan Government through the Ministry of ICT and the Digital Economy have signed a memorandum of understanding (MoU) to foster and promote partnerships and investments in the development of smart cities in the country. To get things started, the MoU calls for the two countries to construct 5,000 affordable houses. The houses will be.... Read more »

Posted on : Thursday , 29th June 2023

According to recent research by experts, Tanzania's real GDP growth would increase to 5.7% in 2023, up from a projected 5.4% in 2022. According to the Tanzania National Bureau of Statistics' most recent GDP figures, growth in Q322 was 5.2% year on year, up from 4.8% in Q222. The transport and storage industry (which contributed 14.2% to economic growth), agriculture, and mining were key growth drivers. Private-sector investment and a robust.... Read more »

Posted on : Wednesday , 7th June 2023

Turkana County is now planning the construction of 1,200 Housing units. The county government will fund the project, which will benefit all six constituencies. According to the Kenya Urban Support Programme's National Project Coordination Team, led by Eng. Benjamin Njega. Njega was delighted that Turkana Central has access to 20 acres of land from the Lands Department to initiate the project. Additionally, he stated that in order to speed.... Read more »

Posted on : Thursday , 27th April 2023