Nairobi property developers shift focus to residential houses

Besieged by the soaring prices of land in the city centre and the stagnating prices of commercial spaces, major commercial developers in Nairobi are shifting gears and seeking shelter in building residential houses. Data from the Kenya National Bureau of…
Mombasa Port expansion running ahead of schedule

The Mombasa Port expansion project, which involves the construction of a new cargo berth and dredging at the Kilindini channel, is running ahead of schedule, a senior official has said. Speaking to journalists during a recent tour of Vision 2030…
Groundbreaking held for Sh2 trillion Lapsset project

Three heads of government gathered at the Kenyan coast on Friday to break ground on the long-awaited Sh2 trillion Lapsset project. President Mwai Kibaki and Prime Minister Raila Odinga were joined by Ethiopia’s Prime Minister Meles Zenawi and South Sudan’s…
Government reviews capital limits for state contractors

Contractors eyeing state jobs will be required to hike their capital base in a move likely to cut off budding firms from tendering for government contracts. The Ministry of Public Works has announced new rates requiring “category A” contractors to…
China Wu Yi begins work on Langata Road extension

China Wu Yi Construction Company is setting up a work station at the Bomas of Kenya in readiness for the construction of a dual carriageway extension of Langata Road. The Chinese company was last month awarded the Sh2.6 billion Kenya…
High cost of loans slows down Kenya’s construction boom

Analysts have predicted a break 2012 for the Kenyan construction industry, saying high interest rates and double digit inflation were likely to stall growth in the industry. HassConsult, which conducts the only property pricing index in Kenya, said Thursday that…
UK fund DVK Group is eyeing Konza City, Lamu Port deals

DVK Group, a UK-based private equity fund, has shown interest to invest in two of Kenya’s most ambitious development projects – the proposed Konza ICT Centre and the port of Lamu. Although the group is yet to announce the nature…
Deadline set for migration to e-construction permit system

The City Council of Nairobi has announced that from January 12, 2012, all applicants for construction permits and plan approvals will be required to use the electronic Construction Permit Management System. According to director of planning Tom Odongo, all manual…