Construction work on Konza technology City in Kenya to start in March

The groundbreaking of the US$ 12m Konza Technology City in Kenya will finally begin in March this year months after stalling allowing the development of the mega project to kick off.

Konza Technology City Development Authority (KoTDA) CEO Eng John Tanui confirmed the reports and said that the first phase comprising of 21 parcels of land on 60 acres is ready for investment starting this year.

“We will be doing the groundbreaking of the US$ 12m mixed use facility to host our offices, commercial and residential units in March this year as well as putting up the first schools,” said Eng Tanui. “In addition to this, we are completing the design for the provision of utilities including waste water management, street lighting, water, power and Internet systems to ensure that these are laid out in the right way before construction of the same begins in the next financial year,” he said.

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BUILDEXPO AFRICA 2016 ramps up with bigger, better venue

Africa’s largest international trade exhibition for the Building and Construction industry BUILDEXPO AFRICA returns this year with a much brighter event at a brand new, larger and conveniently located venue. From June 04 - 06, 2016, The Carnivore in Nairobi, Kenya, will see tens of thousands of buyers and visitors from across the world foster partnerships and collaborations in the rapidly expanding Industry.

With as much as 15,000 square mts. of exhibition space, the 19th edition of BUILDEXPO AFRICA offers a nearly 60% increase in size from last year at the new venue. More than 400+ exhibitors will be comfortably accommodated across the three areas at The Carnivore, up 18% from 2015. In anticipation of increased footfalls, the industry’s biggest players from all over are preparing to welcome more than 10,000 buyers and trade visitors expected to attendfrom around the African continent.

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Construction industry in Kenya posts ravishing growth despite valuable interest rates

The construction industry in Kenya defied high interest rates to post impressive growth, a new report by Kenya National Bureau of Statistics (KNBS) reveals.

Data released by KNBS, reveals that the sector grew by 14.1 per cent in the third quarter of 2015 compared to 8.8 per cent over a similar period in 2015.

Construction loans to the sector grew by Sh22 billion (or 28 per cent) from Sh79 billion to Sh101 billion during the year.

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Egyptian construction firm Arab Contractors to begin operation in Kenya

An Egyptian Construction firm Arab Contractors Company is set to enter into the Kenyan construction market and commence operations in the fields of roads, bridges, and other general infrastructure opportunities.

This decision was decided upon after the two countries, Kenya and Egypt met and discussed on the possibilities of being effective in the road construction field.

“The current area of cooperation with the Kenyan side is in road construction, which will be financed by the Islamic Bank of Kenya. This will be the entry point for the Arab Contractors Company here. Besides, there will be a study to determine how to ease the traffic problem to and from the main airport in Nairobi,” said Ibrahim Mabrouk, head of the company in Africa.

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