Chinese firm CRBC to operate new railway for ten years

The Kenya Railways Corporation and the China Road and Bridge Corporation have signed an operations, maintenance and service agreement for the Mombasa-Nairobi standard gauge railway, which has seen the Chinese firm taking over as operator of the new transportation facility.…
Land prices hit Sh80m mark as investors scramble for Marsabit

Wealthy investors are engaging in ferocious bidding wars for land in Marsabit in a move that is pushing up prices in the previously unattractive town. The scramble for a piece of Marsabit comes shortly after the completion of the Isiolo-Moyale…
Purple tea farming is a game changer for tycoons in Kenya

Black tea has for decades remained a major source of cash for agro-tycoons in Kenya, with the country being the world’s leading exporter of the commodity. In 2016, for example, the country earned a total of Sh120.6 billion from tea…
Chinese solar firms eye bigger slice of Kenyan market

A vibrant solar lighting market in Kenya has attracted a host of Chinese firms seeking to meet the rising demand for affordable solar lighting systems in the country. Guangzhou-based manufacturer of integrated solar solutions, Esavior, and Shenzhen Power Solution Limited…
World Bank sees Kenya economic growth slowing in 2017

Kenya’s economic growth is expected to slow down in 2017 owing to several internal and external forces. According to the World Bank, Kenya’s GDP growth is expected to slow down to 5.5 per cent compared to the 5.8 growth in…
Kenya cement exports to EA fall as China floods market

These are tough times for Kenyan cement manufacturers as cheaper imports from Asia continue to slow down their exports to the East African region. According to the Economic Survey 2017, which was released last month by the Kenya National Bureau…