• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Monday, January 25, 2021
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

Construction of 460km Kenya-Tanzania Highway to Begin in 2020 – AfDB

Carolyne TanuibyCarolyne Tanui
June 25, 2019
in African News, Kenyan News
Reading Time: 1 min
Construction of 460km Kenya-Tanzania Highway to Begin in 2020 – AfDB

The African Development Bank (AfDB) has announced that the construction of the 460km transnational highway between Kenya and Tanzania will begin early next year and that the funding for the road is expected to be approved in September. The highway will cost approximately $751 million (Sh75.1 billion).

The highway will run through Malindi, Mombasa and Lunga Lunga on the Kenyan side and Horohoro, Tanga and Bagamoyo on the Tanzanian side.

AfDB will finance 70 per cent of the coastal highway while the governments of Kenya and Tanzania will cover the remaining 30 per cent.

Speaking during the Kenya roadshow for the upcoming second edition of the Africa Investment Forum, Gabriel Negatu, East Africa Director General of AfDB added that the both the Kenya and Tanzania governments had finalized plans to pave the way for the construction of the coastal highway.

AfDB has been an important player in the EAC infrastructure sector, it funded the construction of the Arusha-Namanga-Athi River road, which was completed in 2012, and the Arusha-Holili-Taveta-Voi road.

The deal to construct the roads was sealed in 2016, and both Presidents agreed to construct the road to ease movements of goods and subsequently develop the economy of the two nations.

The highway is expected to ease the trade tensions between the two nations which have been signified by the seizing and auctioning of heads of cattle that had crossed over, burning alive about 6,500 day-old chicks by the Tanzanian Government and the creation of unnecessary trade barriers among others.



Previous Post

Kenya and other frontier markets book flat performance in June

Next Post

Kenya remains East Africa’s most attractive market for PE investors – Study

Related Posts

Digital Tax

Digital Tax: Government Mulls Exempting Startups from the 1.5% Levy

January 24, 2021
Tea Auction Records Slight Dip in Price to $1.96 per Kg

Tea Auction Records Slight Dip in Price to $1.96 per Kg

January 23, 2021

KQ Pauses Flights to France and Netherlands as COVID-19 Regulations Lower Demand

January 23, 2021

KenGen’s Expansion Projects to Boost its Income

January 23, 2021

Google Loon to Cease Services in Kenya on March 1 After Announcing its Wind-up

January 23, 2021

BOC Kenya Seeks More Time to Review Takeover Offer

January 22, 2021

Kenya Power targets SMEs with tech meters

January 22, 2021

NSE to Add 4 Companies on the Bourse in 2021

January 23, 2021
Load More
Next Post
Kenya among Africa’s top destinations for Private Equity investments

Kenya remains East Africa's most attractive market for PE investors - Study

Follow Us

  • 7.1k Fans
  • 112.5k Followers
  • 2.2k Subscribers
  • 453 Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

There are no upcoming events.

View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

Amari Book Club Recommendations

Absolute Must-Reads for Banking and Finance Professionals

January 16, 2021
Leila Fourie, JSE Group CEO

‘’Markets Recovery Don’t Imply Economic Recovery,’’ Leila Fourie, CEO Johannesburg Stock Exchange

December 31, 2020
Angaza Awards

Call For Nominations – Angaza Awards: Women to Watch in Banking & Finance

December 8, 2020
Multichoice’s Technological Innovations for 2020

Multichoice’s Technological Innovations for 2020

November 12, 2020
Zoomoo Partners with MultiChoice to expand to Africa

MultiChoice and Zoomoo Partner to Expand Children Content in Africa

November 12, 2020

About Company

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2020. Kenyan Wallstreet· All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Global Markets
    • Healthcare
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2020. Kenyan Wallstreet· All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?