Kenya Roads Board to Spend KSh55 Billion for Road Maintenance
The Kenya Roads Board (KRB) has announced plans to disburse KSh55 billion to four state agencies to maintain the country’s road network over the next ten months. The Kenya National [...]
DRC to Review $6 Billion Infrastructure Contracts with China
Democratic Republic of Congo (DRC) is set to review its $6 billion infrastructure-for-minerals contract with Chinese investors, citing concerns they are not sufficiently benefiting Congo. The government has formed a [...]Special Economic Zones Authority launches Web Portal
The Special Economic Zones(SEZ) Authority has unveiled a web portal to boost communication, transparency, and services to current and potential investors within the zones. With support from the International Finance [...]
Central Bank Invites Bids for KSh 75 Billion Infrastructure Bond
The Central Bank of Kenya (CBK) has invited bids for a 21-year amortized infrastructure bond worth KSh 75 Billion in September 2021. The purpose of the bond is to fund [...]Kenya Remits KSh 82.7 Billion to China, Resuming its Debt Repayment
Kenya has resumed repaying of debts owed to China after the latter's six-month debt-repayment suspension from January this year expired in June, which helped Kenya temporarily retain KSh27 billion that [...]Kenya Power to Digitize Remaining 30% Of its Network at Cost of KSh 225 Million
Kenya Power has linked up with the National Youth Service (NYS) to digitize the remaining 30% of its network. The countrywide exercise, which the World Bank has funded under the [...]100MW Kipeto Wind Farm Project in Kajiado Now Complete
Construction of the 100 MW Kipeto Wind Farm Project, located in Kajiado, has reached its completion. The two partners in this project, Pan-African developer BTE Renewables and Kenyan Craftskills said [...]Rail Project Faces Delay after Failure to Ink KSh16 Billion Deal with France
A new rail project in Kenya faces further delays after the country failed to ink a KSh16 billion financial deal with France. The project entails constructing a railway line linking [...]Liquid Technologies Facebook Partner to Lay 2,000 Km of Fibre in DRC
Africa’s largest fibre company, Liquid Intelligent Technologies, has partnered with Facebook to lay 2,000 kilometres of fibre in the Democratic Republic of Congo (DRC). Facebook will not only invest in [...]China Freezes Disbursement of Active Kenyan Loans
China has frozen the disbursements of loans to Kenya, citing discomfort over Kenya's request to extend the debt repayment holiday to December from an earlier deadline of June. Consequently, Chinese-funded [...]Somaliland Opens New Terminal at Berbera Port
In conjunction with Dubai Ports World (DP World), Somaliland has opened a new terminal at Berbera Port, seeking to be a major trade gateway for a landlocked Ethiopia. Ethiopia currently [...]$10 Billion Bagamoyo Port to be Revived in Tanzania
Tanzania has announced plans to revive a$10 billion stalled Bagamoyo portproject on the country's eastern coast, in coordination with China Merchants Holdings International and Oman's State General Reserve Fund. Tanzania [...]
