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

Damaturu — Governor Ibrahim Gaidam of Yobe State has expressed optimism that the 300- kilometre-long 'Trans-Saharan' road project started by his administration in the northern part of the state will be completed before his tenure ends in 2019 even amidst stiff fiscal challenges.   The governor spoke yesterday at Yusufari town during an inspection tour of the project. The 'Trans-Saharan' road project, so called because of the.... Read more »

Posted on : Wednesday , 23rd December 2015

 A total of 2,550 kilometre feeder road network is set to be constructed in 2017 under the framework of feeder roads project across the country.   The roads will be constructed under the Second Economic Development and Poverty Reduction Strategy (EDPRS 2), according to Octave Semwaga, the Director General of Planning at the Ministry of Agriculture and Animal Resources.   The Euro 40 million project is sponsored by the European.... Read more »

Posted on : Wednesday , 23rd December 2015

Arusha — The Procurement and Supplies Professionals and Technicians Board (PSPTB) will put up a Sh24.5-billion complex in Dar es Salaam, it was announced here recently.   The board has acquired a plot at Luguruni outside the city for the purpose, said the chairperson of the Board, Dr Hellen Bandiho, during the organisation's annual conference held at the Arusha International Conference Centre.   "We expect to build PSPTB.... Read more »

Posted on : Wednesday , 23rd December 2015

 Work on the second phase of Mombasa port’s second container is scheduled to commence in early 2017 portmombasa pixabay huskyherzThe port of Mombasa is a key trade gateway to and fro East Africa.  Kenya Ports Authority managing director Gichiri Ndua said that the construction is likely to cost nearly US$213mn, and provide an additional capacity of 470,000 and 550,000 TEUs. Following this construction will be the development of.... Read more »

Posted on : Tuesday , 22nd December 2015