The construction industry in Kenya defied high interest rates to post impressive growth, a new report by Kenya National Bureau of Statistics (KNBS) reveals.   Data released by KNBS, reveals that the sector grew by 14.1 per cent in the third quarter of 2015 compared to 8.8 per cent over a similar period in 2015.   Construction loans to the sector grew by Sh22 billion (or 28 per cent) from Sh79 billion to Sh101 billion during.... Read more »

Posted on : Monday , 11th January 2016

 Thanks to the Thika Superhighway completed by Chinese three years ago, travels have become much more comfortable.   The 50 km road is Kenya's first superhighway and one of the most modern pieces of road infrastructure in East and Central Africa.   The highway is seen as strategic to Kenya's economy as it connects Nairobi to the fertile central highlands.   Ever since the opening of the highway, people like Muriuki.... Read more »

Posted on : Friday , 8th January 2016

 As 2015 ends, Kenyans have a basketful of expectations in the coming year from the Chinese, who have touched their lives in different sectors.   From infrastructure to technology, Kenyans expect the Chinese to continue investing in the country, and even do more projects than they did in 2015.   Bernard Mositet, a government worker, noted Tuesday that the construction of the standard gauge railway by the Chinese brought hope.... Read more »

Posted on : Friday , 8th January 2016

Ethiopia is seeking to modernize its construction sector by adopting technology. The country’s Ministry of Construction says it has embarked on a preparation plan to modernize Construction sector in Ethiopia in the GTP II period.   The planning stage involves heads of regional bureaus and construction stakeholders.   Minister of Construction Ambachew Mekonnen at the consultation said the plan is prepared to tackle the hurdles.... Read more »

Posted on : Thursday , 7th January 2016

The Kenyan oil industry is set to receive a financial boost of US$1.3bn from the American Government as they have expressed interest in funding the construction of an oil pipeline in Kenya that will link the northern oil fields to Lamu. The US$ 2.3bn development is a positive and tremendous project as South Sudan and Ethiopia will be linked up to the Lamu port. The US Ambassador to Kenya, Mr. Robert Godec confirmed the reports and said.... Read more »

Posted on : Thursday , 7th January 2016

 Kenya and Uganda plan to build another corridor to boost trade between the two East African countries.   Uganda National Roads Authority and the Kenya National Highways Authority are seeking funds from the African Development Bank (AfDB) for the project which will traverse Uasin Gishu County and to the west of the boundaries of Eldoret, Trans Nzoia.   The proposed road project dubbed multinational Uganda and Kenya: Kapchorwa.... Read more »

Posted on : Tuesday , 5th January 2016

The agreement is a step forward towards finalizing and reaching agreement on the nomination of the two consultancy firms.   Ethiopia, Egypt and Sudan announced Tuesday that they have reached consensus to put into practice provisions in the Declaration of Principles regarding the Grand Ethiopian Renaissance Dam (GERD).   The three parties have reached an agreement on the consultancy firms which would conduct the technical studies on.... Read more »

Posted on : Monday , 4th January 2016

The Government of Rwanda and Saudi Fund for Development (SFD) yesterday signed a $15 million (approximately Rwf11.2 billion) concessional loan to fund the construction of Nyagatare-Rukomo road.   The 30 year concessional loan will support the construction of a 7 meter wide, 73 kilometer two lane tarmac road between Nyagatare and Rukomo, Claver Gatete, Minister for finance and economic planning said.   He added that the loan comes.... Read more »

Posted on : Thursday , 31st December 2015

Cement manufacturer Athi River Mining (ARM) is talking to a strategic investor to support its expansion plans.   The firm, while remaining cagey about what the planned capital injection to the tune of Sh12.7 billion on Monday said, "discussions are still going on and further details of the investment shall be made available to the shareholders of the company and the public in due course."   "ARM Cement Limited is.... Read more »

Posted on : Thursday , 31st December 2015

Flawed design delayed this project though the first segment of road was completed 10 years ago   A road design which had intended to demolish the historic building at the La Gare train station finally gave way to another design that makes a detour, allowing road construction to resume on December 14, 2015, after a delay of 10 years.   The construction, which is now expected to be completed in three months, initially envisioned the.... Read more »

Posted on : Thursday , 31st December 2015

Expansion works on the Tema Port will start next year. The first phase of the $1.5 billion project is expected to be done in about three years.   The port is expected to handle thrice its current traffic of about one million Twenty-foot Equivalent Units (TEUs) when completed, according to marketing and public relations manager Paul Asare Ansah.   The investment, according to Mr Ansah, "is going to expand the capacity of the.... Read more »

Posted on : Thursday , 31st December 2015

Kampala — Uganda and Japan have concluded a loan agreement for financing the construction of flyovers in Kampala.   Japan will lend Uganda ¥19.989 million (about Sh559b) for the proposed flyovers at Kitgum House intersection on Jinja Road, and at Queen's Way on Entebbe Road.   The loan, which was signed recently, will come with a 0.01 per cent interest rate per annumm and is to be repaid in 40 years. It is hoped the.... Read more »

Posted on : Thursday , 24th December 2015