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ALP opens Nairobi warehousing park, 75% pre-leased
Africa Logistics Properties (ALP), a specialist integrated property investment company, has launched its first 49,000 sqm of modern grade –A warehousing at ALP North Industrial Park in Nairobi, Kenya, with 75 per cent of the facility pre-leased. This is at a time when other segments of the commercial, retail and residential real estate market are […]
African Development Bank signs €115m funding for safe water in Rwanda
More Rwandese will have access to safe water and improved sanitation. This follows the African Development Bank approving financing agreements worth €115 million towards Rwanda’s government to support sustainable water supply and sanitation projects. According to a statement from the bank, the funding will cover strategic cities and address water challenges in areas with low […]
Kenyatta signs into law Equitable Division of Revenue Bill
NAIROBI, Kenya–President Uhuru Kenyatta today signed into law the Equitable Division of Revenue Bill for 2018/2019 financial year. The Bill – signed at State House, Nairobi –provides for the equitable division of revenue raised nationally between the National and County governments. The Constitution provides for the vertical (equitable) sharing of revenue raised nationally between the […]