Construction of Standard Gauge Railway to start next month
An artistic Impression of the Standard Gauge Railway project, whose construction is to start in October. The construction of the Standard Gauge Railway (SGR) has started to take shape after the contractors put up a mobilisation site in Mariakani. Principal Secretaries in the MInistry of Transport and Infrastructure Eng John Mosonik (infrastructure) and Nduva Muli (transport) led a government delegation to inspect the facility at Ngwasheni, Mariakani, 30 kilometres from Mombasa.
Construction worker wages in Kenya a record high
Rapid construction of commercial and residential buildings to meet rising demand has made the artisans, popularly known as fundis, one of the most-sought in the sector.
This has pushed their wages up as many property developers need them.
In Nairobi, the unskilled artisans, whose work mainly involves mixing sand and cement and ferrying building materials, are currently demanding a wage of between 8 U.S. dollars and 9.1 dollars a day, up from 3.4 dollars about three years ago.
Sh100mn to finance Jamii Bora mortgages
Shelter Afrique has extended Sh100 million to Jamii Bora Bank Limited (JBBL) that will be used by the bank for offer mortgages for low cost housing.
The loan agreement is meant to enhance the bank’s ability to lend for the purpose of purchasing low-cost residential housing, incremental building and home improvement.
Construction boom brightens future for East Africa
It is a ‘boom’ as many people are describing the growth of East Africa Construction industry. Many investors have taken the advantage of the boom by shaking off their pockets to invest in skyscrapers, shopping malls, roads, schools, hospitals etc.
Both private and public sectors are in a hurry trying to satisfy the rising middle class and regional integration, and the E.A. governments still have the high stake in the sector.
