Construction of a multimillion coal power plant in Lamu, Kenya is set to commence in October this year, Amu Power Company has confirmed.   Amu Power, a company formed by a consortium of Centum and Gulf Energy, expressed their gratitude to the Kenyan Government for awarding them the tender, and further said that at least 870 acres of land are needed for the development of the 981.5 Megawatts coal project.   Gulf Energy.... Read more »

Posted on : Thursday , 5th March 2015

    Kenya requires approximately US$ 2.2billion to fill infrastructural development financing deficits, Johannes Zutt, World Bank Country Director for Kenya has said.   The country spends about US$ 1.6 billion a year as opposed to US$ 4billion sustainable expenditure required over the next decade. This represents about 20 percent of its Gross Domestic product. This is according to the Africa Infrastructure County Diagnostic.... Read more »

Posted on : Thursday , 5th March 2015

 The Sharm El-Sheikh International airport has received US$140 million from the African Development Bank (AFDB) to facilitate its expansion project.   The expansion involves constructing a new terminal (terminal 3) and a runway in order to increase the passengers handling capacity by 10 to 18 million per year.   Sharm El- Shark International airport (formerly Ophira Airport) is located about 23KM northeast of the city of Sharm.... Read more »

Posted on : Friday , 20th February 2015

 Egyptian president Abdel Fattah el-Sisi and his Russian counterpart Vladimir Putin have agreed to corporate to build a nuclear power plant in Egypt.   The partnership deal was signed during an official visit by President Vladimir Putin to Egypt.   The move for a nuclear power plant project is expected to strengthen economic ties between the two countries and cater for electricity necessities in the country.   Due to.... Read more »

Posted on : Tuesday , 17th February 2015

 Egypt’s property group SODIC has announced on Monday this week that it will invest US$301.64 million in 2015. CEO of SODIC Ahmed Badrawi has said the company is set to build 684 new property units in 2015. The company had announced last year that construction of first phase of its development in Heliopolis would start this year.   The Sixth of October Development and Investment Company (SODIC) is an Egyptian company and has.... Read more »

Posted on : Tuesday , 17th February 2015

 Construction of the Kenya’s tallest skyscraper, 40 storey Hazina Trade Centre in Nairobi has started. The tower will be constructed atop the existing 8 storey Hazina Trade Centre located on Moktar Daddah Street and currently hosting one of Kenya’s main chain stores, Nakumatt Lifestyle.   China Jiangxi International has been contracted to construct the building and is already on the site. On completion, the building will.... Read more »

Posted on : Tuesday , 17th February 2015

 National Statistics and Data processing centre (CNIS) has reported that the quantity of imported construction materials in Algeria increased by 15.6% in 2014.   According to the report, imported quantities of main building materials such as wood, cement, iron, ceramic and aluminium rose to 10.13 million tonnes in 2014 from 8.92 million tonnes in 2013, representing a 15.6% increase.   The cement industry imports’ bill.... Read more »

Posted on : Thursday , 12th February 2015

 Governor of Meru Peter Munya has said this week that the county will benefit from the planned governments’ annuity roads construction program by building 120km of roads, after talks with the national government bore fruit.   Talks held between the governor, Meru senator Kiraitu Murungi, and Transport Cabinet Secretary Michael Kamau were held as the county had differed with the government in relation to the awarded length of.... Read more »

Posted on : Thursday , 12th February 2015

 Construction of the US$2 billion Bellara steel complex construction will kick off in the first quarter of this year 2015 in Jijel East of Algeria, the prefect of Jijel, Ali Bedrici has said.   The steel project will help the country to produce 4 million tons of steel per year in the second phase of construction, but is designed to first assist in producing 2 million tons of steel rebars in its first phase before 2017 in order to.... Read more »

Posted on : Tuesday , 3rd February 2015

 Ole Sereni, Kenya’s five-star hotel brand, has decided to embark on a US$ 20m expansion project starting February, this year.   Ole Sereni’s General Manager, Ghulam Samdani said that the new hotel would be located adjacent to the current one.   He further pointed out that they have decided to expand because they have been winning business on small conferences and business meetings, but have been losing out on.... Read more »

Posted on : Saturday , 31st January 2015

 Kenya National Highways Authority (Kenha) has announced that construction of the US$ 186m Nairobi Southern Bypass is expected to be complete by July 2015.   Kenha Special Projects Manager, Paul Omondi confirmed the reports and further stated that the contractor, China Road and Bridge Corporation is working tirelessly to make sure that the road is complete soon and it also plans to hand over section three of the project by.... Read more »

Posted on : Saturday , 31st January 2015

 Government in conjunction with Netherlands firm set to put up ultra modern stadia in three counties A team of stadium experts from Netherlands and Kenya, yesterday visited the site where the High Altitude ultra-modern stadium is set to be built in Eldoret. The project is part of the Jubilee government's pledge to construct the five high altitude stadiums in different parts of the country. Sports Kenya, The Stadium Consultancy (TSC) of.... Read more »

Posted on : Saturday , 24th January 2015