Property developers embrace new technology to cut costs
Property developers are embracing alternative technologies to cut costs and maximise the returns while still maintaining quality standards.
This is in response to the rising costs of construction and finance which have made housing unaffordable to many people.
Among the new technologies being applied is the expandable polystyrene system (EPS), which could replace the traditional brick-and-mortar process.
Deloitte report ranks Kenya high in infrastructure projects
Kenya continues to lead the region in terms of infrastructure development with 20 roads, energy, harbors,water and energy projects. Ethiopia comes second with 12 projects according to a report compiled by consultancy Deloitte.
Large mega projects for the last three years occupied up to 20 per cent of all the total capital investment in Africa with a cumulative worth of US$568 billion, a big chuck of it coming from financiers and foreign aid such as the World Bank and even China.
Bidco Africa begins constructing beverage plant in Kenya
Bidco Africa which manufactures daily consumer products has began the construction of a US$ 40m beverage plant in Kenya with commissioning planned for mid 2017.
The new beverage plant in Kenya, to be constructed in Thika will comprise of a production and bottling facility for non-carbonated still drinks, carbonated soft drinks and water and will be funded by theInternational Finance Corporation (IFC).
Cytonn to construct US$ 25m apartments in Kenya
Cytonn Chief Investment Officer Elizabeth Nkukuu confirmed the news and said that the apartments which will be built in Ruaka on the outskirts of Nairobi will target the middle to lower-middle income class with a discerning preference for modern day apartments.
Our deal pipeline is to serve different sectors of the real estate market ranging from the high end, such as the Amara Ridge whose construction is still going on in Karen, the middle to lower-middle income such as The Alma, which will offer a very comprehensive lifestyle and secure community to the future families, said Nkukuu.
The multi-million lifestyle community will constitute 408 modern apartments with 1, 2 and 3 bedrooms, a commercial facility, a lifestyle clubhouse and an elevated playground for children.
