Japan Lends Kenya Sh28 Billion for Mombasa Port Expansion
Expansion project at the port of Mombasa received a major boost after the Japanese government agreed to fund part of the second phase of the second container terminal, currently under construction. The government of Japan has extended to the Kenyan government a $270 million ODA loan, approximately Sh24.7 billion, towards the second phase of the Mombasa port development project.
Mega Projects Leads to Growth in Construction Industry
The high number of ongoing public infrastructure projects and increased real estate developments fuelled growth in the construction sector by 11 per cent between July and September last year. According to the Kenya National Bureau of Statistics economic survey for the quarter released last week, the growth was much faster than the 8.6 per cent recorded over a corresponding period in 2013.
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PRESS RELEASE BUILDEXPO-2015 KENYA
The 18th edition of Buildexpo Africa is bringing in a lot of excitement among investors and the consumers alike. Participants from 35 international countries and 18 African countries will be showcasing the latest technology in construction machinery, building material, mining machines, construction vehicles and construction equipment. This event will be conducted at the Kenyatta international conference center at Nairobi from 2nd to 4th may. This event will showcase more than 10000 products from the countries ranging from India, Turkey, China, Italy, Malaysia and Germany as well as African countries like Kenya, Tanzania, Ethiopia, Uganda, Somalia, Mozambique and Congo. This exhibition will cater to the demands of not just the Kenyan market, but of the whole region of East Africa. This mega expo is the ideal forum for international players to showcase their products and services. This can serve as a ground to explore the entire African market.
Cement Production Rises As Construction Thrives in Kenya
Production of cement, a key construction material, surged past half a million tonnes last July as 11-month tally surpassed full-year figures for the previous two years, latest data show. A total of 500,428 tons were manufactured in the month, pushing total production by end of November to 5.21 million tons. This is far higher than the 5.06 million tons churned out in the whole of 2013 and 4.64 million in 2012.
