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.
Kenya: Kibos Sugar to Generate Own Power
Kibos Sugar company plans to diversify its products to include ethanol, paper, and electricity, according to its chairman Sukwinder Chathe.
He said they plan to invest more than Sh4.8 billion to undertake the diversification programme. The projects will begin next year. “We have agreed with a financier who will do all this, for us, †he said in Kisumu.
Toyota Kenya Open State-of-the-Art Showroom and Launch New Campaign
After what has been months of admiring the construction of the delightful new behemoth which has been springing up along Nairobi’s Mombasa Road, Toyota Kenya yesterday launched their brand new state-of-the-art showroom at the automobile firm’s headquarters opposite the Nyayo National Stadium.
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 comfortableâ€Â, he said
