Sameer Africa to construct a stadium in Kenya

Sameer Africa Group is planning to construct a 26,000-seater stadium in Kenya that will encourage the development of sports in that region. The stadium will be constructed in Nandi County.

Sameer Africa which is owned by Naushad Merali signed a Memorandum of Understanding (MOU) with Nandi County Governor Cleopas Langat on the construction of the stadium and the investment firm pledged to add more money to the infrastructural development of the county.

According to Merali, construction of the project is expected to commence in January next year and is projected to cost US$ 0.5m.

Read more ...

National Construction Authority says 18,000 contractors in Kenya registered

The National construction Authority (NCA) now says that 18,000 contractors from different fields in the construction industry in Kenya have been registered a move that it believes will boost safety in the industry.

Executive Director for National Construction Authority Mr. Daniel Manduku confirmed the reports and said that over 150,000 workers in the construction industry had been earlier accredited with an aim of enforcing order to the construction sector.

“We have now registered all contractors in Kenya and this move gives us the opportunity to regulate the industry in a structured manner with premium placed on safety of buildings and transfer of technology,” said Mr. Manduku.

Read more ...

Kenya to build cruise ship terminal at its biggest port

Mombasa - East Africa's biggest port of Mombasa will spend 100 million shillings ($980,392.16) to build a new cruise ship terminal aimed at boosting tourism, port management said on Wednesday.

Piracy in the Gulf of Aden and the Indian Ocean struck a major dent into cruise tourism in the region, but the industry has rebounded since 2011, with enhanced naval patrols and deployment of armed guards on vessels.

"Before we used to receive 40 cruise vessels per year with 40,000 tourists," ports spokesman Hajj Masemo told Reuters, adding the number had dropped to near zero due to piracy.

Also read: CBK freezes licensing of new commercial banks

Read more ...

Construction of phase II of Mombasa port terminal in Kenya to begin

The construction of phase II of Mombasa port terminal in Kenya will start early 2017, Kenya Ports Authority managing director Gichiri Ndua has said. When complete, the second container terminal will provide and additional capacity of 470,000 and 550,000 TEUs.

Mr Ndua added that the construction project of phase II of Mombasa port terminal in Kenya will cost US$ 213m to complete.

He further pointed out that the Kenyan government had signed a US$241.3mn loan agreement with the government of Japan to help finance the project construction.

Read more ...