Construction boom likely to stir Tanzania economy
Tanzania Portland Cement Company Limited (TPCC) The expected construction boom could swiftly translate into higher growth and expansion of the other manufacturing sectors should concerted efforts be made to address all the constraints. The government as the major employer in the construction sector spends about 60 per cent of the development budget More...
Kenya’s Housing Finance to develop houses
NAIROBIÂ (Reuters) – Kenya’s sole specialist mortgage lender Housing Finance will develop a housing project in the next two years to create additional income from properties aimed at low and middle income More...
Tanzania Homes Expo to take place June 9th
The housing industry in Tanzania is going through a shift with a growing number of middle class now opting for home ownership as opposed to renting. On other hand the growth of mortgage loans from Banks is poised More...
Rwanda: New construction guidelines in offing
Workers on a proposed new hotel in Kigali. The New Times New construction guidelines are expected to be released by June 2013 in accordance with the national urbanisation plan. This was said by the Director General More...
Brazilian firm eyes Mtwara economic zone
EPZA director general, Dr Adelhelm Meru A Brazilian construction firm, Odebrecht S.A, has expressed interest in Mtwara Special Economic Zone, thanks to President Jakaya Kikwete’s official tour of the South More...
Entebbe road construction to start in six months
The new route is expected to ease traffic jam and reduce motor accidents Construction of a six-lane highway from Entebbe to Kampala is scheduled to start in six months’ time, the Uganda National Roads Authority More...
ADB finances construction of highways for 200bn/-
ADB approves US$ 225 million road funding The African Development Group has approved financing amounting to 220.3bn/- ($225.31million) for upgrading of Dodoma-Babati road (188km) and Tunduru-Mangaka-Mtambaswala More...
Kenya’s house prices rises slow on high interest rates
Residents move into apartments at Kibera slum in Nirobi, Kenya, September 16, 2009. REUTERS/Noor Khamis NAIROBI (Reuters) – Kenya’s middle income housing market was hit hard in the first quarter of this More...
Kenya’s decade-long property boom hits trouble at last
NAIROBI, March 30Â (Reuters) – Pamela Onyambu went into the real estate business seven years ago to capitalise on a housing boom fuelled by Kenya’s middle classes. Now she fears interest rates that have More...
Dar es Salaam Massive housing project in offing
A huge rental housing project is taking shape in the outskirts of Dar es Salaam where over 5,000 houses will be constructed. The houses which are being built in Yombo Buza area will be low-cost and therefore affordable More...
