Kenya leads region in construction projects
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- Category: Building & Interiors
- Published on Friday, 01 April 2016 04:07
- Written by Super User
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Kenya leads the East African region in terms of mega construction projects. The country has 20 ongoing large projects followed by Ethiopia at 12. East Africa holds 20 per cent of all construction projects in Africa and 15 per cent in dollar value at $57.5 billion (Sh 5.8 trillion) in 2015, which is a slight fall from $60.7 billion (Sh6.2 trillion) in 2014. Basic infrastructure projects, transport and energy, are top on the Kenyan development agenda, with transport taking the lion's share of 51 per cent and energy at 30 per cent. The figures were released yesterday by consultancy firm Deloitte East Africa in a report titled Africa Construction Trends 2015. Kenya's standard railway project (SGR) is the fourth most expensive project in the region, gobbling up $3.8 billion (Sh386 billion at current rates), with Tanzania's port at Bagamoyo coming top at a cost of $11 billion (Sh1.119 trillion). The report also indicates Kenya is experiencing growth in the retail sector, where hotel space, modern office parks, entertainment and lifestyle facilities are experiencing a boom due to expansion of towns and cities and a growing middle class.East African projects are predominantly financed by International Development Finance Institutions (DFIs), followed by funding from the governments.
Potholes in Kenya May Soon Be A Thing Of The Past
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- Published on Thursday, 31 March 2016 04:48
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They say necessity is the mother of invention, and if we needed a reminder of it then we got one. The combined efforts of Avery East Africa Ltd (AEA) and Velocity, a UK based emergency road repair and preventative maintenance company, we finally have a solution to those craters we call potholes that have been destroying all our vehicles and ruining pedestrians mornings when it rains. The new paving tech that is to be commissioned will see the reduction in the number of potholes and the ease of their repair.
The technology, named Velocity Road Patching, was launched on Tuesday and is the first of its kind in Kenya, and the region, but the 2nd in Africa after its successful application in South Africa. If South African roads are anything to go by, we may have hit the infrastructure jackpot with this one.
Read more: Potholes in Kenya May Soon Be A Thing Of The Past
Centum plans to construct exclusive city in Kilifi County, Kenya
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- Published on Wednesday, 23 March 2016 11:56
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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.
Read more: Centum plans to construct exclusive city in Kilifi County, Kenya
SGR construction project in Kenya finally taking shape
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- Published on Monday, 28 March 2016 06:23
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The Standard Gauge Railway SGRÂ 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
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- Published on Thursday, 11 February 2016 09:02
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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.
Read more: Meru County Looking for Sh1.6 Billion to Build an 18-Storey Tower
