Search Results for: Kenya

MOMBASA ROAD UPGRADE IN KENYA TO COST Sh59bn

Posted on by Gambeta News

Upgrading of mombasa road fund to be increase due to change in design after the original fund was Sh27 billion. The superhighway construction will cost sh59bn which is more than the original plan due to change in design. The mombasa road will link Jomo Kenyatta International Airport (JKIA) to the Nairobi-Nakuru highway. The plan is to drop the planned construction of an elevated highway over the entire 43.5km stretch to Rironi in favour of flyovers and underpasses on certain…

Read More

KENYA THIKA BYPASS ROAD CONSTRUCTION SET TO KICK-OFF

Posted on by Gambeta News

Thika bypass road construction set to kick-off which will help ease traffic along Garissa highway in kenya. The construction of the bypass road project is to link it to the four road project at Garissa highway. The road project which is worth Sh1.5 billion is a 2.1km that stretch from Engen to Kiganjo junction. According to Engineer Earnest Ruto, ”We guarantee that the tarmac laid will last more than 20 years. He further said  contractor will embark  on Broadway-Athena link…

Read More

KENYA TO CONSTRUCT US$22m MEDICAL SCHOOL AND HOSPITAL

Posted on by Gambeta News
kenya East African Kidney Institute (EAKI)

Kenya gets funds from AfDB for construction of US$22m  medical school and hospital  Kenya with funds received from the African Development Bank (AfDB) are planing to build a medical school and hospital for kidney-related ailments. The US$22m project consists of 25 wards, laboratories, surgical theaters, high dependency units, consultation rooms and vehicle parking yards. The hospital; East African Kidney Institute (EAKI), is on the Kenyatta National Hospital (KNH) playground. The hospital will have lecture halls, multimedia and also video conferencing…

Read More

TURNER & TOWNSEND MERGE WITH KENYA FIRM MML

Posted on by Gambeta News
mml

Turner & Townsend merge with Kenya project management firm MML. Turner & Townsend, a global construction firm gets shares in a firm in Kenya. The Nairobi firm which is a leading company has sold share and will now be under Turner & Townsend. The merger comes as global investment is fueling Kenya’s diverse economy. The merger will also change the company name to bear MML Turner & Townsend. The change will now make the company work across the…

Read More

KENYA’s UBA BANK SUES JYOTI

Posted on by Gambeta News
UBA sues Jyoti Structures

 KETRACO and Jyoti sued by UBA to avoid liquidity UBA Bank in Kenya has sued Jyoti Structures an Indian firm and Kenya Electricity Transmission Company Limited (KETRACO). The suit is because of the danger of losing the money advanced to both companies. The Bank is in liquidation, trying to recover over US$2.6 million it supported Jyoti with to build Isinya-Suswa electricity transmission line. A court order restraining KETRACO from making payments to the ailing firm…

Read More

SOLAR POWER PROJECTS IN KENYA GETS US$75m FUNDING

Posted on by Gambeta News
Solar project in Kenya on the rise

Kenya firms receive US$75m loan to fund solar power plants construction Two solar power plant projects in Kenya receive US$75m loan by the European Investment Bank (EIB). Interests in Kenya’s green project is rising as more world organizations are looking to finance them. The plants are developed by two Kenyan firms, Radiant Energy and Eldosol Energy. They are also located next to each other in Eldoret. The Solar plants have a capacity of 40MW each and the…

Read More

Kenya expands Inland Container Depot (ICD) by 7.5 acres.

Posted on by Gambeta News

Inland Container Depot (ICD) in Emakasi expansion in line with the higher cargo capacity of the standard guage railway. Kenya Port Authority (KPA) approved 7.5 acres of land for the expansion of the Inland Container Depot (ICD) in Emakasi. This was done in preparation for the higher cargo capacity under the standard guage railway. KPA general manager for engineering services Joseph Atonga told the Business Daily that the idea is to increase the capacity on…

Read More

KENYA AWARD TURKANA POWER LINE TO CHINESE FIRM

Posted on by Gambeta News

Ketraco award contract for 428km power line construction after isolux contract was terminate. The Turkana power line project has been awarded to the consortium, consisting of NARI Group Corporation and Power China Guizhou Engineering Company. Ketraco terminates Isolux contract because the project will be push back after it was place under ownership. The termination of the project was after its parent company filed for bankruptcy in Spain. The project which is a 428-kilometre power line has 70%…

Read More

ISUZU MOTOR LIMITED OPENS A BRANCH IN KENYA

Posted on by Gambeta News

General Motors East Africa meets the required regulatory for approval by Isuzu Motor Limited.  Isuzu Motor limited has currently opened  an official supplementary branch in Kenya following the buyout of a 57.7% majority stake in vehicle distributor, General Motors East Africa (GMEA) in 2017. Mr Susumu Hosoi the Board Chairman of Isuzu Motors Limited  said “My hope is to see Isuzu East Africa grow to be an integral location not only for the country but…

Read More

KENYA SEEKS FOR US$ 22bn TO BUILD AFFORDABLE HOUSES

Posted on by Gambeta News

Kenya to constuct affordable houses in fulfillment of the “Big Four” agaenda… The Kenyan government is presently aiming to get investors for a US$ 22bn project to construct affordable houses. The project is among President Uhuru’s “Big Four” policy agenda that he intend to accomplish with his team. The Principal Secretary for Housing and Urban Development Aidah Munano verifies the report and said that “the ministry was working on an incentive package to attract international…

Read More

KENYA PARTNERS WITH INDIA TO BUILD A MULTI-MILLION CANCER HOSPITAL AND ONCOLOGY SCHOOL.

Posted on by Gambeta News

Kenya to construct a cancer hospital and oncology school. A multi-million dollars cancer hospital and oncology school is set to be constructed in Kenya after an agreement between Kenya and India is fully implemented. This initiative will eventually reduce cases of ailing Kenyans traveling to India for treatment. Following the agreement between India and Kenya a multi-million dollars cancer hospital and oncology school is to be constructed to reduce the cases of sick Kenyans traveling…

Read More

KENYA’S JAVA GROUP SET TO INVEST UP TO 10 MILLION WITH PLANS INCREASE ITS NETWORK.

Posted on by Gambeta News

Kenya’s Java group set to increase its foothold in the country. Java Group, the leading restaurant chain in Kenya, is set to invest between Ksh500 million (about $5 million) and Ksh1 billion (about $10 million) in an expansion drive that is part of the company’s plan to increase its foothold in the country. Kenya plans to invest between Ksh500million ($5 million) and Ksh1 billion ($10 million) to expand the java Group (the prime restaurant chain…

Read More

KENYA TO HOLD COUNTRY’S FIFTH DEVOLUTION CONFERENCE.

Posted on by Gambeta News

Kenyan’s to focus investment on Agriculture, Energy and Trade. Kenya’s Council of Governors (CoG) has agreed to hold the country’s fifth Devolution Conference this year (Devolution is the transfer or delegation of power to a lower level, especially by a country’s central government to local or regional administration). The Council said in a statement that the Conference will be a sector-based event covering health, agriculture, energy and infrastructure, and trade and cooperatives. According to a World…

Read More

KENYAN FARMER TO SUE GOOGLE

Posted on by Gambeta News

A Kenyan farmer requesting for payment for destruction of his crops from google.  Project Loon a Google programme sited at Joseph Nguthari’s property in Nthambiro, Igembe Central is a  global netwrok of high attitude balloons that reaches the stratosphere, about 20km above the earth, the majorly act as mobile phone towers and provides 4G internet.   Nguthari says the device was radiating a lot of light attracted many people who entered his farm without caution…

Read More

US$ 25BN SET ASIDE BY KENYA GOVERNMENT FOR HOUSING PROJECT

Posted on by Gambeta News

Kenya government partners with 35 private firms to construction one million houses by 2023 to increase its housing unit by reducing corporate tax. The fund that is been set aside by the government is for the construction of one million houses before 2023 after securing a partnership with 35 private firms. The project is expected to help the housing sector affordable in the nation according to President Uhuru Kenyatta’s big four action plans which is set to…

Read More

KENYA KIPCHOGE KEINO STADIUM RENOVATION TO BE COMPLETED IN THREE MONTHS

Posted on by Gambeta News

Kenya government set deadline for the renovation of kipchoge keino stadium after a tour of the sports facility by officials. The renovation is been carried-out after the country decided the project must still be done even after the hosting right of the 2018 African Nations Championship were taken from Kenya and given to Morocco. The company behind the renovation is Weihai International Economic &Technical Cooperative Co., Ltd (WIETC) which has stated that the project is currently at 90% and…

Read More

AVIC INTERNATIONAL SET TO CONSTRUCT US$ 97M COMPLEX IN KENYA

Posted on by Gambeta News

Avic international to construct a complex that will have the largest commercial consumer of electricity in Kenya. Chinese State-owned manufacturing and real estate firm AVIC International is set to construct a complex worth US$ 97m in Kenya that will be the nation largest commercial consumer of electricity. The 43-storey complex in Nairobi’s Westlands area is expected to use more power than the combined demand for Two Rivers and Garden City malls in Nairobi when completed. According to an official…

Read More

CYTONN INVESTMENT TO SPEND US $60M ON REAL ESTATE PROJECT IN KENYA

Posted on by Gambeta News

Cytonn investment set to fund real estate project in central Kenya. Cytonn Investments Management Limited is a private equity investment company, based in Kenya is set to construct a US $60m real estate project in the central part of Kenya. The real estate project will make the company expand its operation in the country after an office was opened in Nyeri town to help in the development plans. According to a statement by the company, “Cytonn Investments Management…

Read More

KENYA TO DEEPEN TRADE TIES WITH NAMIBIA, RWANDA AND ZAMBIA

Posted on by Gambeta News

Newly elected Kenyan President, Uhuru Kenyatta seeking to strengthen trade ties with Namibia, Rwanda and Zambia. Speaking after his official inauguration on Tuesday, November 28th, 2017, Kenyan President, Uhuru Kenyatta who held  bilateral talks with Presidents of Namibia, Rwanda and Zambia, said he plans to boost inter-regional relations with the three States. Kenya have already existing trade ties with Tanzania and Uganda, as they are major export destinations for the East African nation. Although being a power house in the tea export…

Read More

KENYA TO PUT TOLL GATES ON FIVE HIGHWAYS FROM 2018

Posted on by Gambeta News

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…

Read More
1 … 14 15 16 17 18 … 27