Nairobi office builders face market oversupply risk

A leading development and project manager has revealed a looming oversupply in Upper Hill office space, followed by a risk of general oversupply across Nairobi by 2016. In its February 2014 Commercial Office Market report, Mentor Management Limited said that…
Ormat completes Olkaria III ahead of schedule

OrPower 4 Inc., a subsidiary of US firm Ormat Techonologies, has completed construction of the third power generating unit at Olkaria III geothermal complex in Naivasha three months ahead of schedule, raising the complex’s capacity to 110 megawatts. “With Plant…
Mae Ridge Runda project well under way

Pan Africa Insurance Holdings is developing a Sh2 billion housing project in Nairobi’s Runda estate as the insurer seeks to increase its revenue. The Mae Ridge Runda, which is being developed in two phases by the firm’s wholly owned subsidiary…
Ol Pejeta to hand over 57 homes to buyers in February

Ol Pejeta Conservancy, a Nanyuki-based non-profit wildlife sanctuary, has said that 57 homes in phase one of the Mount Kenya Wildlife Estate will be handed over to their owners next month. Chief executive Richard Vigne on Thursday told journalists that…
Indian firm Pidilite eyes Kenya’s booming construction industry

Pidilite Industries Ltd., India’s largest construction chemical manufacturer, is expanding to Kenya as it seeks to tap into the country’s booming construction sector. Pidilite President of Sales for Africa Shankha Banerjee told reporters in Nairobi on Tuesday that the Mumbai-based…
Mombasa-Kigali rail project begins to gather steam

Plans for the construction of a new Mombasa-Kigali railway line entered a decisive stage Thursday with the groundbreaking ceremony for the Sh1.2 trillion (US$1.35 billion) project. The railway line to be built by the China Communications and Construction Company will…
Kipevu power plant now 55 per cent complete

Construction of the Kipevu power plant in Mombasa is now 55 per cent according to the Kenya Ports Authority (KPA). The Sh544 million power sub-station, whose construction began in August 2012, is expected to boost power supply to the port…
Korean firm FEROOF to open roof tile plant in Kenya

South Korean steel roof tile maker Feroof plans to set up a roofing tile plant in Kenya, as it seeks to tap into the country’s lucrative building and construction sector. Park Seo Jeong, Feroof’s global chief executive said the firm…