World Bank Approves $292 Million for Zanzibar's Infrastructure Projects
The World Bank has approved a $292 million fund for infrastructure projects in Zanzibar, in the wake of Tanzania’s decision to opt for donor funding for mega projects. This will [...]
IFC to Mobilize $12 Million for Mombasa Affordable Housing Project
The International Finance Corporation (IFC) has signed a deal with Belco Reality LLP to develop 1,379 affordable housing units in Kongowea, Mombasa County. The deal will see IFC mobilize up [...]Globe Roundabout Terminal to get Land through State Acquisition
Globe Roundabout Bus Terminal, an infrastructure project proposed by Nairobi Metropolitan Services to decongest the city, will get land measuring 2.9566 hectares once the Kenya Government acquires parcels of land [...]
Nairobi-Nakuru-Mau Summit Highway Construction Begins this September
Nairobi-Nakuru-Mau Summit Highway is expected to begin taking shape this September, according to Transport Cabinet Secretary James Macharia. The more than KSh 168 Billion project will be undertaken by Rift [...]Telkom Kenya creates Digital, Financial Services Subsidiaries
Telkom Kenya has created two wholly-owned subsidiaries to house its Digital and Financial Services business to enhance service delivery. In a statement, the firm said the Consumer Service Delivery Unit [...]KeNHA Signs KSh 17 Billion Roads Deal with Chinese firm
Kenya National Highways Authority(KeNHA) has signed a KSh 17 billion contract with China Communication Construction Company Limited to construct the 453 Kilometre Lamu-Ijara-Garissa Road. The scope of work also involves [...]Kenya Eyes Power Trade Business with New Grid Network
Kenya sets eyes on the power trade business with recent efforts to improve its grid network to connect with its neighbours. One of the two major grid networks, The Olkaria [...]UK Approves KSh8 Billion for Kenya Govt’s Affordable Housing Program
The United Kingdom has approved KSh8 billionfor the Kenya Government's Affordable Housing Program, as part of the Government's support of President Uhuru Kenyatta's vision of providing 100,000 units to Kenyans. [...]Konza City Tatu City Partner to Enhance Investment
Konza City and Tatu City have announced a partnership, seeking to attract investors to Kenya. The companies have said that the collaboration will build both mega-projects’ investment policies and position [...]China Exim Bank Repayment Holiday for $1.4 Billion Nairobi-Naivasha SGR Loan Expires
China Exim Bank five year repayment holiday for the$1.4 billion loanused to build the Nairobi-Naivasha SGR expires on Thursday, 21st January 2021. This means that unless officials from both countries [...]2 Chinese Firms Win Contract for Phase 5 of Tanzania's SGR
China Civil Engineering Construction Corporation (CCECC) and China Railway Construction Company (CRCC) won the contract to build a 341-kilometre Standard Gauge railway (SGR) line connecting the Lake City of Mwanza [...]Kenya Railways begins rehabilitation of old rail-link to Western Region
Kenya Railways Corporation has begun rehabilitation of the old meter-gauge railway from Longonot to the Western side of the country; Malaba and Nakuru to Kisumu. Upon completion of repairs on [...]
