French firm Groupe ADP strikes deal to design new JKIA terminal

Paris-based international airports operator Groupe ADP has won a contract to design a new passenger terminal at the Jomo Kenyatta International Airport (JKIA) in Nairobi, marking the start of a project aimed at increasing capacity at East Africa’s busiest airport…
Luxembourg firm to build Sh500m bitumen plant in Kwale

Luxembourg-based bitumen dealer West European Group is setting up a bitumen manufacturing plant in Shimoni, Kwale County, in a move that could potentially make Kenya a net exporter of the road construction material. West European Group says it will spend…
UK firm Exotix warns on Kenya cement stocks valuations

Kenya cement stocks have remained strong despite a tough operating environment resulting mainly from rising production costs and lethargic demand in a slowing local economy. But according to a new report by UK-based investment bank Exotix Partners, it might be…
Oracle to acquire construction software firm in Sh125bn deal

Oracle Corporation is set to acquire Aconex Ltd., an Australian software company, in a deal valued at Sh125 billion ($1.2 billion) as the California-based computer technology giant intensifies its decade-long growth strategy of purchasing enterprise software companies. Aconex’s cloud-based collaboration…
US equity firm to invest Sh45 billion into Kenya real estate

A growing number of foreign companies are investing significant capital in the Kenyan real estate market amid rising demand for housing in the country occasioned by high rates of urban population growth. New York-based equity firm Milost Global Inc. has…