Mining shares give JSE a good nudge

Mining shares nudged the JSE all-share index up just after noon on Thursday‚ as the SA share market looked set to wrap up the year on solid ground.

At 12.35pm‚ the all share index was up 0.30% to 39‚306.75 points. Platinum stocks climbed 0.78% for a 12% gain this month‚ while resources have risen 0.63% on the day.

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Kenya: Sh1 Billion Project to Increase Water Supply in Eldoret

The World Bank is to spent more than Sh1 billion to expand water supply programmes in Eldoret and its environs.

Eldoret Mayor William Rono says the Chebara Water Dam in Marakwet which supplies water to the town will be expanded through the World Bank funded initiative.

“Eldoret is a major investment herb and we want to put in place adequate water supply so that residents and investors feel comfortable”, he said

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National Housing Corporation enters low-income market

The National Housing Corporation (NHC) has shifted its focus to build smaller houses, costing Sh2 million, as the state-owned firm targets low-income earners.

According to the NHC Managing Director Peter Njuguna, the corporation will next year build 11,000 houses along Nairobi’s Thika Road and in Mombasa, Kisumu and Eldoret that will include one bedroom apartments –  a departure from the usual three to four-bedroom units in upmarket areas.

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Kenya: GE to Construct Wind Power Plant

Nairobi – Global infrastructure development giant General Electric Company (GE) last week announced a grand plan of investing some $100 million towards power generation in Kenya over the next one year.

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