Nairobi investors now eyeing Coast
Nairobi-based real estate and equity firms have expressed interest in investing at the Coast, a market that has in the recent past been shunned by investors due to security concerns.
Fusion Capital, a real estate developer and financier, and private equity firm Cytonn Investments, are some of the companies that are putting their money in the coastal region.
While Fusion has competed the first phase of a Sh1.3 billion project, Cytonn intends to invest Sh5 billion in a number of properties including apartments, shopping malls and residential housing.
KENHA finalises road expansion plans to ease Nairobi traffic
The Kenya National Highways Authority has finalised plans to expand strategic roads in Nairobi to ease traffic flow.
The project, which has been divided into three sections, is set to kick off in December.
The objective is to decongest JKIA through Westlands and all the way to Rironi, said David Muchilwa, KENHA acting general manager in charge of special projects.
"The designs have been approved and are only awaiting ratification from the World Bank before we go to tender," he said in a statement on Wednesday.
Read more: KENHA finalises road expansion plans to ease Nairobi traffic
East Africa: Nairobi Termed 'Hub of Impact Investment' As Region Attracts U.S.$9 Billion
East Africa is fast becoming a hotspot for impact investing that promotes not just profits but also sound environmental and social principles.
In the past five years, about $9.3 billion in impact investment funds has flowed into the region, according to the latest report produced by the UK Department for International Development (DfID), the Global Impact Investing Network (GIIN) and Open Capital Advisors.
Nairobi is identified as the hub of the funding and headquarters of the managers handling the deals, with about half of the $9.3 billion being invested in the country. Uganda and Tanzania received 13 per cent and 12 per cent of the total investments respectively.
Read more: East Africa: Nairobi Termed 'Hub of Impact Investment' As Region Attracts U.S.$9 Billion
Kenya to Get Investment Worth $55.6bn for Infrastructure Development
An estimated $55.6 billion in investment into infrastructure development for Kenya is planned (as of 2015), the majority of which will focus on telecommunications and power generation infrastructure, a new study reveals.
Dubbed as African Infrastructure Tracker: Kenya, the research and analysis was done by Frost & Sullivan. The study also reveals that Kenya is set to become a hub for intra-regional trade in Africa.
The study also reveals that Mega infrastructure projects are planned for East Africa and are set to create unique opportunities and open new markets in Kenya, Uganda and Ethiopia. Industry sectors expected to benefit from the planned infrastructure developments include oil and gas (O&G), mining, agriculture, and retail.
Read more: Kenya to Get Investment Worth $55.6bn for Infrastructure Development
