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.
Camac Energy Granted Clearance For Oil Exploration In Kenya
Johannesburg and New York-listed oil explorer, CAMAC Energy, on Wednesday said CAMAC Energy Kenya had granted seismic contracts for the acquisition of 2D seismic surveys on Block L1B onshore Kenya and Block L16 partly onshore and partly offshore Kenya.
Both deals are on condition of further negotiations and the official endorsement of a final settlement for the provision of seismic services, CAMAC said on Wednesday.
