Govt, World Bank Plan Feasibility Study for Nairobi Rail Expansion
The Kenya Railway Corporation will kick off a feasibility study for the rehabilitation and expansion of Nairobi Commuter Rail Network under the World Bank-supported Kenya Urban Mobility Improvement Project (KUMIP) in April. [...]
Kenya Raises KSh 130.8 Bn in Oversubscribed Infrastructure Bond
The government through the Central Bank of Kenya (CBK) has raised KSh 130.8 billion from two reopened infrastructure bonds in the February sale. The two papers the 14 year [...]Former Kiambu Governor Ferdinand Waititu Convicted in KSh 588 million Graft Case
The Milimani anti-corruption court has found Former Kiambu Governor Ferdinand Waititu and his wife – Susan Wangari – guilty in a corruption case involving the award of a KSh 588 [...]Kenya Power to Invest KSh 1bn in Western Kenya Power Lines
Listed utility firm Kenya Power is investing KSh 1 billion to construct power lines in eleven counties across the Nyanza and Western regions. “Our purpose is to supply adequate and [...]Local Investors to Pump KSh 129bn into Nairobi-Mombasa Expressway
American asset manager, Everstrong Capital, has signed an agreement with CPF Capital Advisory Ltd. to raise US$ 1billion (KSh 129 billion) for the Usahihi Nairobi-Mombasa Expressway project. “This is [...]Kenya Power Declares Dividends as Half Year Profits Surge by 3025%
Kenya Power recorded a 3025.4% surge in profit after tax in the 6 months to December 2024 driven by reduced finance costs, increased electricity sales and lower cost of sales. [...]Tanzania, Burundi Sign US$2.2 bn SGR Deal with Chinese Firms
The Tanzania Railways Corporation has signed a US$2.154 billion agreement to construct a 282 kilometre standard gauge railway (SGR) from Uvinza to Musongati. The improvement of services at the Port [...]Govt Seeks KSh 70bn in Reopened Infrastructure Bonds
The Central Bank of Kenya (CBK) is seeking KSh 70 billion from two reopened infrastructure bonds to finance projects in the current fiscal year. The 17 year paper will have [...]Government Blocks Non-Electric Cars From BRT Line
Cabinet has approved implementation of the Clean Bus Rapid Transit (BRT) System in response to transportation challenges in the Nairobi metropolis. “This project will encompass transport infrastructure development, traffic management, [...]AfDB Approves US$ 140mn for Eswatini Roads
The African Development Bank (AfDB) has approved a US $140.6mn loan for the Kingdom of Eswatini to improve road links between the Lubombo and Shiselweni regions. “Above all, the project [...]
Kenya to Spend Ksh 648bn to Extend Standard Gauge Railway
The government is set to spend KSh 648 billion for the construction of phases 2B and 2C of the Standard Gauge Railway (SGR) in 2025 after meeting with a Chinese [...]Adani Signs USD 736m Power Deal with Kenya Amid Controversy
Indian billionaire Gautam Adani’s power transmission unit, Adani Energy Solutions, has signed an agreement with the Kenya Electricity Transmission Company Limited (KETRACO) to develop, finance, and maintain key power infrastructure [...]
