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 [...]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 [...]
