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Kenya's market regulator set to license futures exchange operators
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- Category: Building & Interiors
- Published on Tuesday, 03 December 2013 11:00
- Written by Super User
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Kenya is processing applications for licences to operate derivatives exchanges from both local and foreign firms, the capital markets regulator said on Tuesday, as Nairobi inches towards its goal of becoming an international financial centre.
Paul Muthaura, acting chief executive of the Capital Markets Authority (CMA), told Reuters after a media briefing that such exchanges were vital to that plan, but he did not say when operators would be chosen nor when exchanges would open.
Read more: Kenya's market regulator set to license futures exchange operators
Kenya starts work on $650 million airport expansion
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- Category: Building & Interiors
- Published on Tuesday, 03 December 2013 10:47
- Written by Super User
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Kenya began work on a $653 million expansion of the capital's main airport on Tuesday, the second large-scale infrastructure project it has launched in a week aimed at boosting trade and cementing its status as a regional commercial hub.
The new terminal will be able to handle 20 million passengers when completed, three times the existing passenger flow through the airport, whose arrivals hall was gutted by a massive blaze in August.
Read more: Kenya starts work on $650 million airport expansion
Uhuru launches construction of new JKIA terminal
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- Published on Tuesday, 03 December 2013 09:25
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President Kenyatta said that the intention is to make JKIA the most convenient, comfortable and secure airport in Africa.
“The construction of this new Greenfield Terminal with a capacity to handle more than 20 million passengers and eventually a second runway that is planned for this airport, will enable Kenya attain her National Vision 2030 aspirations to be a middle income country,” he explained.
Kenya launches construction of regional railway line
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- Published on Tuesday, 03 December 2013 09:13
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Kenya has launched construction of a $5.2 billion railway line which when completed will link Uganda, the Democratic Republic of Congo (DRC) and South Sudan.
The 1,250-kilometre-long railway will be constructed with funding from China and will initially cover the Mombasa to Nairobi route.
The initial line is expected to be completed by 2017, with further extensions to Uganda, eastern DRC, Rwanda, Burundi and South Sudan to follow.
The railway line is expected to boost Kenya’s status as a regional economic hub and also promote economic integration of the East African Community (EAC) through the sharing of infrastructure facilities among member states.
In November 2012, East African heads of state met under the theme “deepening the EAC integration process through the development of efficient infrastructure systems to support trade and industrialisation”.
Read more: Kenya launches construction of regional railway line
