Mortgage lender enters housing construction sector

Housing Finance has set aside Sh1.4 billion to finance development of houses on its own or through joint ventures with landowners. The allocation of nearly half of the Sh3 billion the mortgage lender expects to raise through a corporate bond…
Kenya needs over Sh500 billion to build highways, says Minister

The government requires more than Sh500 billion to complete the construction of all roads classified as highways, according to Roads minister Franklin Bett. The minister told The Star on Saturday that the European Union, the World Bank and the Japanese…
Kenya among world’s poor cement users – survey

Kenya is one of the poorest cement users in the world, despite the fact that the consumption of the commodity has grown at an average of 17 per cent in the last five years. According to a new survey by…
Turkish steel companies eye Kenya exports

A delegation of 25 Turkish steel companies has arrived in Nairobi for a marketing trip aimed at establishing new markets for the metal that is widely used for construction. According to the Namik Ekinci, chairman of the Turkish Steel Exporters…
Developer invests Sh2 billion into Syokimau housing estate

SJR Properties, a Nairobi-based property developer, has invested Sh2 billion into the construction of a new housing estate in Syokimau on the outskirts of Nairobi. Dubbed Athi View Estate, the project that targets middle to high income earners comprises 350…
Government prepares Thika highway concession plan

The Kenya National Highways Authority (KeNHA) is planning to invite proposals from highway concessionaires to manage the newly completed Thika Superhighway. The authority held meetings a week ago to discuss the concession program but its officials did not confirm whether…
Solar energy in Kenya

Usage of solar energy in Kenya has proved to be the most economical and beneficial power solution; capable of saving money on household electrical bills while protecting the environment. With more than 35,000 solar photovoltaic (PV) systems being sold each…