Kenya and Uganda presidents to meet oil companies over crude pipeline

Kenya and Uganda's presidents and oil company executives will meet on Monday to hold further discussions on a route for a pipeline to transport the two countries' oil, the Kenyan president's spokesman said on Sunday.

Resolving the pipeline route is crucial to helping oil companies involved in Uganda and Kenya to make final investment decisions on developing oil fields.

"President Uhuru Kenyatta will host Ugandan President Yoweri Museveni tomorrow ... They will discuss the construction of the Uganda-Kenya oil pipeline, a key plank of the Northern Corridor Infrastructure Projects," Manoah Esipisu said in a statement.

Last wee, Tanzania's presidency said that Total, which has a stake in Uganda's crude oil discoveries, had set aside $4 billion to build a pipeline from Ugandan fields to the Tanzanian coast and that Tanzania wants the three-year construction schedule shortened.

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Centum plans to construct exclusive city in Kilifi County, Kenya

The construction of an exclusive city in Kilifi County at the Kenyan Coast is set to commence; this is according to NSE-listed investment company, Centum which is the company behind the mega project. The city will sit on a 9,500 acre piece of land.

Centum has already begun on preparations for the construction and through this advancement they will have extended their entry into the high-end real estate development.

Regulatory filings illustrate that the project which is dubbed the economic hub will be developed in phases. The first phase will see the construction of an infrastructure on 900 acres of the land and is expected to cost US$ 8m. The 900 acres has been divided and it includes residential, commercial, industrial, institutional, recreational, and public zones.

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SGR construction project in Kenya finally taking shape

The Standard Gauge Railway SGR construction project in Kenya is finally taking shape. The construction project is an intergovernmental masterpiece linking neighbouring countries of Kenya, Uganda, Southern Sudan and Rwanda.

This mega project is a reflection of the partner states’ commitment to provide an efficient and cost effective railway network as well as a seamless transport alternative for both goods and passengers within the northern corridor.
The Standard Gauge Railway will no doubt boost the region’s efforts to create a borderless region for purposes of trade and social integration. Each of the partner countries is expected to finance the part of the railway under her territory with China’s Exim Bank offering to fund 90% of the first phase while the Kenyan government paying the remaining 10%

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Meru County Looking for Sh1.6 Billion to Build an 18-Storey Tower

Meru County Investment and Development Corporation (MCIDC) is seeking to raise Sh1.6 billion to build an 18 storey multi-use commercial building in the town.

The building, dubbed Meru Rising Tower, is projected to cost Sh2.5 billion if financed with 30 per cent debt.

The building, which will sit on a one-acre plot ainAngaine Estate, will comprise three floors for retail services, 15 floors of office space and a mezzanine floor for meeting rooms, each with a capacity of up to 250 people.

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