House team clears sale plan for Hilton and InterCon hotels
- Details
- Category: Building & Interiors
- Published on Monday, 07 January 2013 07:41
- Written by Super User
- Hits: 2827
Two leading global hotel chains have been cleared to acquire substantial interests in the Hilton and InterContinental hotels in Nairobi.
The green light follows a proposal by the Treasury to give the Hilton Group of Hotels, InterContinental Hotels Corporation and other shareholders in the establishments priority in buying the shares being offloaded by the Kenya Tourist Development Corporation.
Read more: House team clears sale plan for Hilton and InterCon hotels
Buyers at Thika Greens Golf Estate Begin Construction
- Details
- Category: Building & Interiors
- Published on Monday, 07 January 2013 07:36
- Written by Super User
- Hits: 3270
Plot buyers at the planned Thika Greens gated development have commenced construction of homes after the master developer made significant progress in servicing the land.
Sales for the Thika Greens Golf Estate begun in 2009, after which the developer embarked on building requisite infrastructure and amenities on site.
Read more: Buyers at Thika Greens Golf Estate Begin Construction
National Housing Corporation enters low-income market
- Details
- Category: Building & Interiors
- Published on Friday, 21 December 2012 13:00
- Written by Super User
- Hits: 6977
The National Housing Corporation (NHC) has shifted its focus to build smaller houses, costing Sh2 million, as the state-owned firm targets low-income earners.
According to the NHC Managing Director Peter Njuguna, the corporation will next year build 11,000 houses along Nairobi’s Thika Road and in Mombasa, Kisumu and Eldoret that will include one bedroom apartments –  a departure from the usual three to four-bedroom units in upmarket areas.
Read more: National Housing Corporation enters low-income market
Mining shares give JSE a good nudge
- Details
- Category: Building & Interiors
- Published on Monday, 07 January 2013 07:23
- Written by Super User
- Hits: 2793
Mining shares nudged the JSE all-share index up just after noon on Thursday‚ as the SA share market looked set to wrap up the year on solid ground.
At 12.35pm‚ the all share index was up 0.30% to 39‚306.75 points. Platinum stocks climbed 0.78% for a 12% gain this month‚ while resources have risen 0.63% on the day.
Kenya: Sh1 Billion Project to Increase Water Supply in Eldoret
- Details
- Category: Building & Interiors
- Published on Monday, 17 December 2012 07:52
- Written by Super User
- Hits: 3440
The World Bank is to spent more than Sh1 billion to expand water supply programmes in Eldoret and its environs.
Eldoret Mayor William Rono says the Chebara Water Dam in Marakwet which supplies water to the town will be expanded through the World Bank funded initiative.
“Eldoret is a major investment herb and we want to put in place adequate water supply so that residents and investors feel comfortableâ€Â, he said
Read more: Kenya: Sh1 Billion Project to Increase Water Supply in Eldoret
