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Sh1.2 Billion Lighting Project Boosts Business in Mombasa
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- Category: Building & Interiors
- Published on Monday, 04 January 2016 12:15
- Written by Super User
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The Mombasa County government and Kenya Power have finished lighting up the town at a cost of Sh1.2 billion in an effort to woo investors and revitalise tourism industry through the Mwangaza Mtaani project.
Started in September last year, the street lighting programme, involved upgrading of the electricity network in the coastal town and installation of high mast lights in major streets including public beaches.
During the just concluded festive season, visitors to the town were allowed to stay on at the Kenyatta public beach for the first time even after dusk and in the process extending business hours.
Read more: Sh1.2 Billion Lighting Project Boosts Business in Mombasa
Foreign investor to inject Sh12.8b into ARM
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- Category: Building & Interiors
- Published on Tuesday, 29 December 2015 12:29
- Written by Super User
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Kenya’s second largest cement maker ARM Cement Ltd is eyeing a US$125 million (Sh12.8 billion) investment from an international institutional investor should the ongoing negotiations succeed.
ARM, the makers of Rhino Cement, said details of the deal, under which a foreign investor is expected to make multi-billion equity investment in the NSE-listed cement company, will be made available to the shareholders and the public soon.
“ARM Cement is currently in discussions with an international investor who intends to make an investment of up to $125 million equity investment in the company through convertible preference shares,” said the company in a statement.
Probase Kenya to tarmac roads in Embu at a cost of US$ 38.5 Million
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- Category: Building & Interiors
- Published on Friday, 18 December 2015 11:56
- Written by Super User
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The County government of Embu has signed contract with Probase Kenya a Malaysian based construction firm to construct and tarmac roads across the county at a cost of US$ 38.8 Million.
Embu County governor Martin Wambora said that the county signed the contract after the court ruled that county governments should manage their roads.
“This deal is the best the county has entered into so far in terms of roads construction since it uses modern technology and is cheap.” He added
This comes barely after the Kenyan Council of Governors sued the national government, demanding full control of county roads and won the case successfully.
Read more: Probase Kenya to tarmac roads in Embu at a cost of US$ 38.5 Million
Construction of first undersea museum in sub-Sahara Africa to begin in Kenya
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- Category: Building & Interiors
- Published on Friday, 18 December 2015 11:54
- Written by Super User
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Plans to construct first underwater museum in sub-Sahara Africa is set to begin in Kenya, National Museums of Kenya (NMK) coast region assistant director for sites and monuments, Mr Athman Hussein Athman, has announced.
Athman was speaking during a workshop, sponsored by Unesco, the National Museums of Kenya and the Ministry of Sports, Culture and Arts in Mombasa.
The museum will be constructed at the site of a shipwreck at Ngomeni, a historical fishing village in the north coast. It will be Africa’s educational centre for underwater archaeology.
“The government of Kenya, through the NMK, has started to develop the Ngomeni shipwreck site into an underwater museum, the first of its kind in sub-Saharan Africa,” Athman said.
Read more: Construction of first undersea museum in sub-Sahara Africa to begin in Kenya
