Kenya and Tanzania have plans to construct a 412 km road that will connect Malindi and Bagamoyo which is expected to ease movement between the two countries’ coastlines.
It is not clear when the project will start as Kenya has not kept pace with Tanzania in undertaking required studies that will inform how the project will be executed.
Kenya has started the process of sourcing contractors who will undertake the feasibility studies and environmental effect assessments while Tanzania is currently concluding some of the critical studies.
The project has been on the track and it was expected to begin early last year and be commissioned within 36 months. Tanzania has overtaken Kenya in the preliminary planning, which could delay the starting of the project that is expected to start later this year. This is according to the African Development Bank (AfDB).
“We expect that the project to start later this year or early next year,” said Director General of East Africa Regional Development and Business Delivery Office at AfDB Gabriel Negatu. “Tanzania has been preparing faster than Kenya in preparing for the start of the project,” he commented.
AfDB has signed an agreement with Diamond Trust Bank that will see the latter get a US $74.6m loan from the pan-African development finance institution for onward lending to small businesses.
The final preparation are also expected to inform the project cost, which has been estimated to be around US $750m; which will make it one of the largest projects that the two countries have jointly undertaken.
AfDB is expected to cater for about 70% of the project’s total cost while Kenya and Tanzania will take care of the balance; with each country expected to pay for construction works on its side of the border.
Thavhani Mall in Thohoyandou will officially celebrate its grand opening on Thursday, 24 August 2017, Thavhani Property Investments has confirmed. The 50,000m2 regional shopping centre will be the largest in the thriving town of Thohoyandou, Limpopo as well as the greater Thulamela Municipality with the introduction of a wide variety of exciting retail to the region, boasting over 134 shops, restaurants and service outlets. Shoppers can look forward to anchor tenants Woolworths, Edgars, Pick n Pay and SuperSpar as well as an impressive line-up of leading national retailers such as Foschini, Truworths and Mr Price. Thavhani Mall is poised to offer new and unique world-class retail in the area as a clutch of top brands entering the region for the first time including: Woolworths Food, McDonald's, Mr Price Sport, Hi-Fi Corp, Incredible Connection, Cape Union Mart, Old Khaki, Tread + Miller, Keedo, American Swiss Jewellers, House & Home, The Hub, Rochester, Torga Optical, Spur, ...
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Location: Athi River, Nairobi About FairValley Heights FairValley Heights is the latest upcoming development by Fairdeal Properties. It features efficiently designed 1, 2 and 3 bedroom apartments and spacious 4 bedroom villas. FairValley Heights is ideally located in a serene corner of Athi River, yet only a km from the busy Msa-Nbi highway and minutes away from major shopping malls, the airport and other major industries. With its exclusive amenities, ideal location and diligent design, FairValley heights is set to become the desired affordable housing scheme in Kenya, ensuring attractive returns for investors and a home to be proud of for first time home buyers. In line with the government’s Big 4 Agenda, The Project’s attractive prices and 3 year interest-free payment plan will help make the home-ownership journey a reality for many more Kenyans. Apartment Sizes & Prices: 1 Bedroom: 500 Sq. Ft- 1.9M 2 Bedroom: 770 Sq. Ft- 2.9M 3 Bedroom: 1040 Sq. Ft- 3.75M 4 Bedroo...
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