KENYA TO PUT TOLL GATES ON FIVE HIGHWAYS FROM 2018

Kenya to Introduce toll stations on five of its Highways from 2018. From 2018 Kenya is planning to introduce toll stations on five (5) of its highways which will have motorists paying between US $0.01 to US $0.03 per kilometre for the next 30 years. The Director-General of Kenya National Highways Authority (KeNHA), Mr. Peter Mundinia, during an Investor briefing in Nairobi said that some of the highways would first have to be upgraded by  private investors who…

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CYTONN TO CONSTRUCT US $125M BUILDING IN KENYA

Residential-cum-commercial building to be constructed in Kenya by Cytonn Investment. Cytonn Investment which focused on offering alternative investment solutions to global institutional investors, individual high net-worth investors, local institutional investors and Diaspora investors interested in the East-African region is set to construct a US $125m a residential-cum-commercial development in Kimabu County, kenya. The project which is expected to accommodate 6,500 people will also comprise of a five star hotel. The location for the project which was originally a 100-acre…

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CONSTRUCTION OF US$751.2m KENYA TANZANIA HIGHWAY BEGINS IN 2018

AfDB says construction of Kenya-Tanzania highway is set to begin by 2018 According to Lawson Zankli, AfDB Chief Regional Program Officer, although the African Development Bank (AfDB) is currently looking for financial partners who will be able to invest US$385.2m for the construction of the highway that will connect Kenya to Tanzania, it has said that construction work on the US$751.3m Kenya-Tanzania Highway is set to begin in 2018, as it has already set aside  US$289m for the…

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KENYA POWER SIGNS CONTRACT FOR LAST MILE CONNECTIVITY PROJECT

Second phase of Kenya’s Last Mile Connectivity Project (LMCP) begins. Kenya’s utility company, Kenya Power, have signed 23 contracts for the implementation of the government initiative termed  Last Mile Connectivity Project (LMCP), which aims to connect the entire country to the national electricity grid. The project which is already in its second phase, is funded jointly by  the African Development Bank (AfDB) and the World Bank. With AfDB providing 87% of the funds while World Bank…

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KENYA’S MINISTRY OF TRANSPORT AND HOUSING TO CONSTRUCT 8000 HOUSES

Construction of 8000 housing project set to commence next month by the ministry of transport and housing in Kenya. The housing Project which will be set up on a 55-acre piece of land is expected to commence construction next month. The project is part of a larger plan to construct 1 million houses within the next five years that will be in line with building 200,000 units every year targeting the middle class. Transport and…

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KENYA FIRST MATERIAL PLANT ALMOST COMPLETED

China Wu Yi limited set to complete Kenya first material plant that will store different item like construction hardware,ceramic tiles in march 2018. The building is expected to be the first in the region of where various items like construction hardware, ceramic tiles, bathroom and kitchen appliances among other things will be stocked. The project is been constructed by China Wu Yi limited which is the overseas arm of Fujian Construction Engineering Group Company. The material plant which…

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KENYA ELECTION OFFICER RESIGNS

Election officer resigned and flee after feeling unsafe in the country just one week to the poll. Kenya, one of Africa’s strongest country in terms of wildlife is having serious challenges this electoral period. Election result which was announced on 8 august 2017 was nullified by Kenya’s Supreme Court after allegations of widespread irregularities in the electronic transmission of vote results. Various events happening in the country, like the killing of three people at a violent…

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KENYA AIRPORT AUTHORITY TO CONSTRUCT NEW RUNWAY AT JKIA

Jomo Kenyatta International Airport to get new runway that will help aircraft movement from 25 to 45 aircrafts per hour after Kenya airport authority secure loan from Africa development bank. Kenya airport authority (KAA) has gotten a US $189.2m loan from The African Development Bank (AfDB) to construct a new runway at the Jomo Kenyatta International Airport (JKIA) in Nairobi. The Jomo Kenyatta International Airport (JKIA) which is the seventh busiest airport in passenger traffic on the African continent will…

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Kenyans donate blood for victims of Mogadishu bomb blast

Somali and Kenyans  turn up at Eastleigh in Kenya’s capital to donate blood for victims of the deadly Mogadishu bomb blast Kenyan government say it will send 31 tonnes of medical supplies to mogadishu and evacuate some of victims of the bomb blast to Nairobi for treatment. The campaign was launched by social activist and businessman Ahmed Mohamed to  support the over 300 somális injured after saturday’s bomb attack. The blood donors gathered around the…

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KENYAN POLICE ACCUSED OF KILLING PROTESTERS

Kenya Police Killed over 30 protesters says Human Right Organization. Kenyan police have been accused by two(2) human rights organization of killing over 30 protesters during a protest called by the opposition of the of August 8 General Election. The two rights watchdogs accused police of using excessive force on pro-opposition demonstrators. Although Kenya’s constitution allows for non-violent protests, Government have banned all form of protests in three (3) cities; Nairobi, Mombasa and Kisumu because…

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Safest Bank in Kenya – Stanbic Bank

Stanbic Bank have outshined its competitors as it was recently announced as the safest bank in Kenya. Global Finance, an International Financial Publication have ranked Stanbic bank as the safest bank in Kenya. Every year, Global Finance uses  ratings from global ratings agencies like Moody’s, Standard & Poor’s and Fitch to rank the world’s safest banks. These global ratings agencies on the other hand, usually rate the banks based on evaluations of long-term foreign-currency. The…

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US$2.5BN WIND PLANT CONSTRUCTION MOVED FROM KENYA TO TANZANIA

Swedish firm decides to move the 600mw wind power plant construction after kenya’s energy department cite lack of framework for renewable energy. VR Holding AB which is a Swedish firm has decided to move the 600mw wind farm construction from Kenya to Tanzania because the Ministry of Energy turned down the request citing lack of framework for renewable energy projects of that scale as well as low demand for electricity in the country. The project was turn…

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Kenya Airlines ranked number one in Africa

Kenyan airlines have just been awarded Africa’s leading airline award again At the just concluded World travel awards held at an Africa Gala Ceremony in Kigali, Rwanda, the national carrier for Kenya, Kenya Airways was lauded as Africa’s leading airline. The flyer who is experiencing a U-turn after years of losses was awarded and announced as Africa’s leading Airline under the ‘Business Class’ category. The airline in a statement after winning the award said “We are very…

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KIAMBU MALL SET TO OPEN IN KENYA

US$ 8m Kiambu Mall to be completed and opened in December after reaching its final construction stage Kiambu which is a town in Kiambu county having a population of 88,869 is about to have its first and largest shopping mall in the area. The Mall is expected to comprise of 5 floors which include Basement, Ground Floor, 1st Floor, 2nd Floor, 3rd Floor and a Rooftop. Chairman of  Mugaa Investment developer, Peter Burugu; ”The project was geared to…

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CYTONN TOWER TO BE CONSTRUCTED IN KENYA

Cytonn real estate to construct a tower in kenya that will comprise of 180 hotel rooms, 160 serviced apartments, three-bedroom duplex apartments and penthouse suites, three basement parking floors with a capacity for 1,500 vehicles. The highrise building which is expected to cost US$ 194m will be constructed by Cytonn Real Estate and will have up to 35 floor upon completion. The tower is expected to sit on a four-acre piece of land at the junction of…

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KENYA’S DRUG COMPANY TO CONSTRUCT NEW FACILITY

Dawa limited plans new plant construction for the production and launch of its new drugs Dawa Limited which is one of the leading pharmaceutical manufacturers of human and veterinary medicines in Kenya and East Africa has announce plans to build a US$ 30m drugs factory in Nairobi. The new plant is expected to enable the company to launch its new line of drugs into the country which are to help ease pain and suffering among diabetic, hypertensive…

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KENYA’S COURT FINAL RULING

Kenya’s Supreme Court says it did not find evidence of vote rigging and that no official of the electoral commission was criminally culpable for the illegalities and irregularities that led to the nullification of the polls. The court also said it did not find any offence committed by President Uhuru Kenyatta. Opposition leader Raila Odinga has welcomed the ruling saying the people’s vote must count. That ruling may have thrown a temporary lifeline at the electoral…

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NAIROBI COUNTY SET TO ISSUE WAIVER FEE FOR RENOVATION AND REPAIR OF FLOOD-RELATED DESTRUCTION

The Nairobi County Government, under the leadership of Governor Johnson Sakaja, has taken proactive measures to address the aftermath of flood-related destruction in the city. The County Government has waived statutory fees for renovations and repair of buildings affected by flood-related destruction. This decision aims to alleviate the financial burden on affected property owners and expedite the restoration process. To qualify for the fee waiver, applicants must provide evidence of the impact of the floods…

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WHY AFRICAN GOVT. MUST COLLABO FOR PETROLEUM DOWNSTREAM SECTOR

The petroleum sector in Africa is experiencing sig­nificant growth, driven by various factors such as demographic shifts, infrastruc­tural development, regulatory reforms, and technological advancements, Kwabena Appiah, Industry expert, has said. This growth, he said, was particularly evident in the con­text of rapid population growth, urbanization, and economic expansion across the continent, which are driving up the demand for petroleum products. Speaking in an interview in Accra yesterday, he said, “While this trend pre sents both…

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ETHIOPIA ELECTRIC POWER SET TO CONNECT POWER POOLS TO SOUTH AFRICA

The executives of Ethiopian Electric Power have disclosed ambitious plans to connect eastern and southern African power pools and supply energy to South Africa within five years. In 2023, reports indicated that South Africa had experienced unprecedented electricity shortages, as the coal plants that generate 85 percent of the nation’s electricity have aged and grown increasingly susceptible to malfunctions. The South African government recognizes the need for alternatives for electricity generation to reduce its heavy…

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