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Showing posts from January, 2019

EAST AFRICA CONSTRUCTION INDUSTRY OUTLOOK PROMISING-REPORT

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The total number of projects in East Africa has risen by a substantial 96% between 2017 and 2018 with an equally substantial increase of 167% in the total US dollar value of projects, a new report has shown. The Africa Construction Trends (2018) by consultancy firm Deloitte, reveals that East Africa has a total of 139 projects at a combined value of US$87.1bn. The region accounts for 28.8% of projects on the continent and 18.5% in terms of US dollar value. This is mostly the result of high-value new projects in the region – such as the Konza Technology Park, and the Bagamoyo Mega Port – both of which are outlined in the top 10 projects below. According to the report, Kenya has the largest number of projects in East Africa with 41 projects at a value of US$38.2m, followed by Ethiopia with 38 projects at a value of US$19.1m. The total value of projects in Kenya is double the value of projects in Ethiopia. The Transport sector continues to be the largest sector in East Africa, accou…
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JSE-traded EPP, the pure Polish retail property fund, delivered a total return of 21% in 2018 to significantly outperform the market, making it the top performing listed property company of the year. This is a significant difference from the benchmark index (SAPY) total return of -25%. EPP CEO, Hadley Dean, says this is an affirmation of the company’s strategy. “Our focus on retail, specifically in the Polish market has given us clear advantages over some of our competitors who are more exposed to markets that are not as strong as Poland,” Dean said. EPP is one of only a few companies on the JSE property index (SAPY) to deliver a positive total return, according to Anchor Stockbrokers. The company, which first listed in August of 2016, announced its strategy to focus specifically on retail properties. It has more than doubled its portfolio, adding more than 240,000 sqm gross lettable area (GLA) to its total portfolio in 2018 and increased the total portfolio value to over EUR 2bn. …

Palmares – An exclusive project in a unique location

Lagos, 10th January 2019 - The investment in Palmares Beach & Golf Resort is an opportunity of a lifetime in a setting inspired by the philosophy of good living. The 22 plots to develop tailor-built detached villas with 180-degree panoramic views to the ocean were launched in an integrated resort of golf, luxury tourism and supported by 5-star hotel services: “these properties are unique (…) we have the opportunity to develop unique properties with sea views which is very rare”, mentions António Pinto Coelho, Operations General Director of Palmares. The natural shape of the land is that of an amphitheatre, descending from 70m to sea level, from which you enjoy 180-degree panoramic views. These views take in the estuary, the ocean and the bay of Lagos, in front of which is set the magnificent 27-hole golf course designed by Robert Trent Jones II, already awarded the best golf course in Portugal seven times and considered one of the best top courses in Europe. The 20 room Boutique…

Governor to Construct Ksh80 Million Mansion as Symbol of Authority

Vihiga Governor Wilber Ottichilo is constructing a Ksh80 million mansion which will serve as the official residence. According to People Daily, the governor insisted that he will continue with the construction plans despite opposition from leaders including the Senator, George Khaniri. "The Governor's residence which will cost Ksh80 million will act as a symbol of authority," Governor Ottichilo stated. Vihiga Governor Wilber Ottichilo Senator Khaniri opposed the project by the County boss indicating that it should not be a priority at the moment. Speaking during the launch of 2018/2022 County Integrated Development Plan (CIDP), Ottichilo indicated that the plans of building the house were already at an advanced stage and those opposed to it should keep off. The Senate, in July 2018, ordered Controller of Budget Agnes Odhiambo not to authorise any funds for constructing houses for governors and speakers. The order also froze the "exo…

Kenya Targets Green Energy Sufficiency By 2020, President Kenyatta Says

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12 November 2018 (PSCU) – Kenya targets to attain 100 per cent transition to green energy by 2020 as it scales up investment in renewable energy to address the climate change challenge concretely, President Uhuru Kenyatta has said. President Kenyatta pointed out that, in concrete terms, renewable energy makes up 70 per cent of Kenya’s installed electric power capacity. The President said the aggressive investments to reach this figure have been made simultaneously with Kenya almost tripling the size of its population served by the electricity grid to more than 60 per cent of the population. “Our target is to attain 100 per cent green energy sufficiency by 2020. We will do this while we achieve 100 per cent access to power for our population, and sharply lower costs to industry to aid our manufacturing push,” President Kenyatta said. The Kenyan leader spoke on Sunday during a roundtable discussion on "Don't drop climate efforts" session of Paris Peace Forum in France. Sp…

Uhuru's Big 4 Agenda Receives Sh519B EU Boost

Kenya on Monday signed a Sh519 billion Joint Co-operation Agreement with the European Union (EU) to support government programmes between 2018 and 2022. The funds in the form of concessional loans and grants will be primarily channeled towards President Uhuru Kenyatta’s Big 4 Agenda. The second phase of the co-operation agreement attracted 19 EU member states with the first one between 2014 and 2018 having brought 10 on board. “EU has been a big development partner to Kenya and I want to assure that the support which will be in grants will be well used towards the realization of our government’s Big Four Agenda. "The support will be distributed to different ministries and sectors such us Devolution Ministry to ensure county government deliver their services effectively,” stated Treasury Cabinet Secretary Henry Rotich.

KINSHOFER’s Railway Tie Changer Attachments Offer Efficient Railway Maintenance and Repair

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SANBORN, New York (Nov. 20, 2018) — KINSHOFER, a global leader in high-quality excavator and loader crane attachments, offers railway Tie/Sleeper Changer attachments for efficient railway maintenance and repair. The three attachments — the RBS, RBS20 and RBS20HPX — can be used with 12- to 24-ton rail excavators to quickly exchange existing concrete and wooden ties without disrupting the track. The RBS20 can also switch from handling standard mono-block ties to bi-block ties with no modification, thanks to internally and externally fitted pads. “Railroad crews don’t have time to bring in large tie exchangers for quick repairs and maintenance; it’s a cumbersome and time-consuming process,” said Francois Martin, KINSHOFER North America general manager. “Our Tie Changers enable quick and easy repairs with a machine that’s readily available — an excavator. An experienced operator can change as many as 40 sleepers per hour with one of our attachments.” KINSHOFER designed the tie change…