Kenya Railways Ready to Start Train Service to Kisumu
Kenya Railways has announced plans to start the passenger train service to Kisumu next month, seeking to tap the increased demand due to passengers travelling to their rural homes for [...]
IGAD Unveils KSh3.8 Trillion Infrastructure Plan
The Intergovernmental Authority on Development (IGAD) has unveiled a KSh3.8 trillion transport infrastructure plan set to be implemented by 2024. The plan includes 89 short term projects ( 61 projects [...]Gambia Raises Stake in Shelter Afrique to 0.27%
The Government of Gambia has increased its stake in Shelter Afrique to 0.27% after an additional $19,218.96 capital injection into the firm. The Gambia is now the 11th country to increase [...]GoK Borrows KSh6.4 Billion for BRT from Korea
The Government of Kenya has borrowed KSh6.4 billion from the Korean government to finance the Bus Rapid Transport (BRT). The loan from the Korean Export and Import Bank will be [...]Shelter Afrique Partners with Cameroon for a $15 Million Prefab Factory
Shelter Afrique has entered a deal with the government of Cameroon to set up a $15 million Industrial Housing Corporation (prefab factory) to provide low-cost construction materials for the construction [...]Facebook's 2Africa Undersea Cable Set to be the Longest Upon Completion
Facebook backed undersea cable, dubbed the 2Africa cable, is set to the the longest in the world upon completion, with the firm saying the cable will now extend to [...]Nairobi Green Park Terminus Automation Set to Begin NMS
Automation is set to begin at the KSh250 million Nairobi Green Park Terminus, according to Nairobi Metropolitan Services (NMS). This is after the Kenya Railways Corporation (KRC) deployed four of [...]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 [...]
