Nairobi ranked in top 10 African cities of the future

The Kenyan capital Nairobi has been recognised as a leading Sub Saharan Africa (SSA) destination for foreign investors by consultancy firm PricewaterhouseCoopers. The city was ranked sixth among top 10 cities in SSA that promises the best investment returns for…
Kenya, Tanzania to issue tender for 2,400MW power line

Kenya and Tanzania are set to issue a tender for the construction of a transmission line with a capacity to transfer 2,400 megawatts (MW) of electricity. The Kenya Electricity Transmission Company (Ketraco) acting head of planning and construction Anthony Musyoka…
Road projects to boost Kenya cement consumption

Demand for cement in Kenya is expected to rise exponentially over the next three years, thanks to a plan by the State to build a 10,000 km road network to open up remote areas in the country. Officials reckon that…
Kenya luxury cars market accelerates

The luxury cars market in Kenya has registered a significant amount of growth over the past few months, buoyed by a rising number of high income households. Sleek S-Class Mercedes, BMW 7 Series, Porsche and Range Rovers – with showroom…
English Point Marina apartments near completion

The much awaited English Point Marina apartments in Mombasa are finally nearing completion with the developer expecting buyers to move into the five-star marina soon. The Sh5 billion boating facility, whose construction kicked off in October 2009, was at first…
Dangote’s plan for Kenya cement factory faces hurdles

Objectors are fighting plans by Aliko Dangote, Africa’s richest man, to establish a multi-billion cement plant in Kenya, amid concerns that he might dominate the local cement sector. While on a visit to Kenya last September, Mr Dangote said that…
Kenya slips in World Bank ‘Doing Business’ ranking

Kenya is the largest economy in East Africa. Photo/File[/caption]Kenya has dropped eight places in the World Bank’s Doing Business report (2014) as foreign investments in the country dipped following a sell-off by foreign investors at the Nairobi Securities Exchange (NSE).…
Global fashion giant H&M to source clothes from Kenya

Hennes & Mauritz, the world’s second largest fashion retailer, has signed contracts with Kenyan factories to make clothes under the H&M brand as it seeks to stock its 3,000 stores in 53 countries. Helena Helmersson, H&M’s head of sustainability, told…