WB cooperates with Chinese firm to develop low-cost houses in Africa
NAIROBI - The World Bank's private sector arm, the International Finance Corporation (IFC), on Friday inked a new partnership with Chinese construction and engineering company to develop low-cost houses in three African countries.
Read more: WB cooperates with Chinese firm to develop low-cost houses in Africa
Kenya construction and infrastructure sector to grow by 9% this year, says Business Monitor International
The Kenya construction and infrastructure sector is anticipating a growth of 9% year-on-year in 2015 according to Kenya Infrastructure Report Q3 2015 released this month by Business Monitor International. The growth in the sector is expected to remain over a 10-year forecast period to 2024.
US$ 14.5m lubricant factory to be built by Kenol Kobil
Kenya’s third largest oil marketer, Kenol Kobil is planning to develop a mega lubricant factory in Mombasa which is stipulated to cost US$ 14.5m.
Read more: US$ 14.5m lubricant factory to be built by Kenol Kobil
491 km railway line connecting Ethiopia to Sudan launched
The foundation of a 491km railway in Ethiopia has been finally laid down by the Prime Minister HaileMariam Desalegn, this initiative will tremendously assist the local farmers transport their products to neighbouring markets and also see the nation easily link to South Sudan.
Read more: 491 km railway line connecting Ethiopia to Sudan launched
