Road construction in Kenya: IFC reached for support
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- Category: Building & Interiors
- Published on Wednesday, 27 July 2016 12:31
- Written by Super User
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Kenya is now in negotiations with International Finance Corporation (IFC ) for a line of credit of $1.5 billion. The credit is aimed at financing road construction in Kenya.
The road in question is part of the construction of 4,000km of urban roads. In addition, it will be used to fund 6,000 kilometres of rural roads earmarked for funding from state coffers.
Nevertheless, government plans to raise $5.5 billion to be able to complete 10,000km of road construction in Kenya. This follows a move by local banks to decline a request to lend the money to the contractors.
Read more: Road construction in Kenya: IFC reached for support
Chinese firm Wu Yi to carry out major road expansion in Kenya
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- Published on Tuesday, 19 July 2016 12:07
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China Wu Yi, a Chinese based firm is now expected to carry out a major road expansion in Kenya in the next few weeks.
China Wu Yi won the U$158Million project to expand the a 25km stretch of Waiyaki Way starting from James Gichuru Road junction to Mai Mahiu turnoff on the Nairobi-Nakuru highway.
The road expansion in Kenya which is expected to reduce the frequent traffic jams experienced in Kenya’s capital Nairobi is part of the World Bank-funded mega roads expansion project.
The other project that is in the World Bank mission is to converse of the 45.2km road between the Jomo Kenyatta International Airport (JKIA) and Rironi into a superhighway.
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Property developers embrace new technology to cut costs
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- Category: Building & Interiors
- Published on Monday, 02 May 2016 06:38
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Property developers are embracing alternative technologies to cut costs and maximise the returns while still maintaining quality standards.
This is in response to the rising costs of construction and finance which have made housing unaffordable to many people.
Among the new technologies being applied is the expandable polystyrene system (EPS), which could replace the traditional brick-and-mortar process.
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Dangote to nearly double production capacity across Africa in next three years
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- Published on Friday, 06 May 2016 12:09
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Dangote Cement, Nigeria's biggest listed company, said it aims to nearly double its production capacity over the next three years and half of its output by the end of 2019 will come from African plants outside its home market.
The company, majority owned by billionaire Aliko Dangote and Africa's biggest cement producer, plans new plants in Nigeria which will add between nine-million and 12-million tonnes to its existing capacity and will also expand production into Ivory Coast, Liberia, Mali, Niger, Kenya and Zimbabwe, it said in a presentation on Tuesday.
Read more: Dangote to nearly double production capacity across Africa in next three years
Bidco Africa begins constructing beverage plant in Kenya
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- Category: Building & Interiors
- Published on Saturday, 30 April 2016 08:33
- Written by Super User
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Bidco Africa which manufactures daily consumer products has began the construction of a US$ 40m beverage plant in Kenya with commissioning planned for mid 2017.
The new beverage plant in Kenya, to be constructed in Thika will comprise of a production and bottling facility for non-carbonated still drinks, carbonated soft drinks and water and will be funded by theInternational Finance Corporation (IFC).
Read more: Bidco Africa begins constructing beverage plant in Kenya
