Thu, 25-Dec 2025

Search news articles
  • Home
  • Press Releases
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics
  • Kenya Business NewsAfrican Business NewsGlobal News
  • Shows
Subscribe
Events
Subscribe
  • Home
  • Press Releases
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
    • Disclaimer
    • Privacy Policy
    • Advertise with us
    • Share with us

    Contact Us

    Media Queries & Partnerships:[email protected]

    About Us

    We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe.

    Disclaimer

    The information contained in this website is for general information purposes only.
    © 2025 Wallstreet Africa Technologies LTD.. All Rights Reserved.
    1.0.30

    World Bank signs KES 38 Billion for Nairobi's elevated Highway

    The Kenyan
    By The Kenyan Wall Street
    - August 09, 2016
    - August 09, 2016
    Kenya Business news

    According to Kenya’s Transport Cabinet Secretary Mr James Macharia, the World Bank has signed a KES 38 Billion financing deal that will see the construction of Kenya’s first elevated highway connecting Jomo Kenyatta Airport through Nairobi to Nakuru.

    Speaking in Nairobi at State House Summit on Transport and Infrastructure held on Monday, Mr James Macharia said that construction is expected to begin in the course of the year or early next year with final touches being made on the project’s terms and conditions and also to enable incorporation of the African Development Bank which had expressed interest in regards to Funding of the project.

    The deal has been on the table for about 10 years now, but the World Bank back then pulled out of the project citing the sincerity of an Austrian construction company which had won the tender to build and maintain the road.

    Related; Cabinet okays Kenya Govt to acquire 40% stake in currency printing firm- De La Rue

    According to the Director General of Kenya National Highways Authority Mr Peter Mundinia, construction of the first phase of the project has already been given to China Wu Yi, the chinese company that built Thika Road.

    According to the Business Daily, the road will have some special features including a dedicated lane for well-organised, large-capacity buses under the bus rapid transit (BRT) plan that is aimed at improving public commuter service and easing congestion.

    Mr Macharia also said that the Kenyan government had also secured funding from the African Development Bank for the construction of a second runway at the Jomo Kenyatta International Airport which will enable planes avoid queuing before take-off.

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Your edge in markets, powered by AI

    Explore cutting-edge insights with our AI assistant, delivering real-time analysis, personalized news, and in-depth answers at your fingertips.

    Sign Up

    Show me today’s top trades

    Explain the market in simple terms

    What’s my next smart move?

    Report Issue

    Wall Street Africa Business Intelligence

    Access exclusive news, expert analysis, and tools designed to give investors an edge.

    Fixed Income

    Real-time bond pricing with instant calculations, auction data, yield curves, and trend analysis for Africa’s fixed-income markets.

    Local and Global Insights

    Unique perspective with a blend of local and global news and analysis, tailored for African investors.

    Real-Time Economic Indicators

    Monitor inflation, currency movements, and other key economic indicators for African countries.

    Interactive Data for Local Markets

    Visualize trends and compare markets across Africa with interactive charts and tools.
    Wallstreet Africa
    Wallstreet Africa
    Wallstreet Africa