Eight more companies have signed agreements with government committing to increase production and scale up exports.The companies are in the mining and manufacturing sectors and include Rwanda Plastic Industries, Rwanda Allied Partners, Minimex, Demikaru Ltd, East African Granite Industries and Development Mining Company Ltd. Under the agreements, companies committed to expanding the scope and mode of production along the value chain so as to.... Read more »

Posted on : Tuesday , 23rd December 2014

A Kenyan county on Monday called on Chinese investors to exploit opportunities that exist in infrastructure, agro-processing and tourism. Officer in Charge of Intergovernmental Coordinator at the Laikipia County Lantano Nabaala told a team of Chinese journalists that investors should tap the full gains of the county's natural resources. "Laikipia is rated as the fifth county in Kenya to invest in, and one of the best places to visit in.... Read more »

Posted on : Tuesday , 23rd December 2014

The International Development Association, World Bank's fund Kenya government $200 million (Sh18.12 billion) for the construction of a dam in Kwale County. Construction of Mwache Dam is intended to boost sustainable irrigation and access to clean water in the Coast region. The dam is one of the projects being undertaken by the Kenya Water Security and Climate This project is intended to boost investments in water infrastructure and service.... Read more »

Posted on : Tuesday , 23rd December 2014

Nairobi — Deputy President William Ruto was on Monday to commission Konza Road that will open up the proposed Konza technopolis to infrastructural investment.   The accessible road is part of a raft of ongoing infrastructural efforts geared at laying a foundation for the commencement of construction of Phase 1 of the Techno City.   Following contract signing with American firm Terra Tech for development of a smart city,.... Read more »

Posted on : Monday , 22nd December 2014

The Bungoma county assembly has approved Sh605 million for rehabilitating roads in the county.   The funds are for the second phase of roads improvement scheduled to start in January.   Speaking in Bungoma town yesterday, Governor Kenneth Lusaka said the project targets mainly target feeder roads and roads within major towns that are in poor condition.   Lusaka said the county government is in the process of purchasing.... Read more »

Posted on : Tuesday , 16th December 2014

Chinese real estate firm Sultan Palace Development plans to construct a Sh5 billion high-end resort in Kikambala, Kilifi, targeting the luxury holiday homes market.   Sultan Palace said its investment is driven by a growing demand for beach resorts globally, with Kenya becoming a popular destination.   “There was a gap in this sector and we felt the need to venture into this market as Kenya has proven one of the most.... Read more »

Posted on : Friday , 12th December 2014

Lafarge Africa, the Nigerian unit of the French cement maker, Lafarge, is poised to make a cash offer valued at about $122 million to buy-out minority shareholders in its Nigerian business, Ashaka Cement, it emerged on Tuesday.   According to Reuters, the bid comes shortly after the $1.35 billion union of Lafarge Africa’s Nigerian and South African businesses, which has already gotten approval from shareholders in July this.... Read more »

Posted on : Thursday , 11th December 2014

The Government of Kenya is planning to construct a US$ 74.2m open market in Athi River, Machakos County and another US$ 42m market in Murang’a, Murang’a County.   East African Affairs, Commerce and Tourism secretary Phyllis Kandie indicated that the tendering process for the project will be done next year, and that the project is expected to be complete within two years after the process.   The open market construction.... Read more »

Posted on : Wednesday , 10th December 2014

East African cement maker ARM Cement has announced an increase in investments across the region as the demand for cement continues to rise. A statement from the company revealed that ARM Cement will complete some pending projects this year, and begin new ones in 2015.   The company, which has plants in Kaloleni and Athi River in Kenya, as well as Dar es Salaam and Tanga in Tanzania, will complete one more grinding plant in Tanga in.... Read more »

Posted on : Wednesday , 10th December 2014

Dodoma — THE government, through the Ministry of Foreign Affairs and International Cooperation, is planning to construct an office building and an investment venture in Nairobi, Kenya.   The Deputy Minister in the ministry, Mr Mahadhi Juma Maalimu, told the Parliament that the project is part of government's strategic plan to involve the country's pension funds in implementing development projects in the nation's foreign.... Read more »

Posted on : Friday , 5th December 2014

The Sh12 billion Turbi-Moyale Road is 40 per cent complete, the Kenya National Highways Authority has said The project is the third and last phase of the Mombasa-Nairobi-Addis Ababa Road Corridor Development project. Kenha said movement of goods and services will be enhanced once the project is completed. The project, financed by the African Development Bank, was started by President Mwai Kibaki in October 2012. It is expected to be completed.... Read more »

Posted on : Friday , 5th December 2014

Tanzania is planning to put up a new office in Nairobi – Upper Hill area – a building that will also host the country’s embassy in Kenya. Foreign Affairs Deputy Minister Mahadhi Maalimu told parliament last week that the government was concluding dialogue with NSSF to see the implementation of the project by the fund.   The complex will be 26 storey building and will be known as Umoja House.   In addition to.... Read more »

Posted on : Thursday , 4th December 2014