China Wuyi gets Kenyan road deal

Source:Global Times Published: 2018/1/14 20:58:39

China Wuyi Industrial Co announced that it has won a bid for two road reconstruction projects in Kenya, a move that further expands the construction company's presence in the African country and other countries in the region.

In a securities filing late on Friday, China Wuyi said that under the deal, which is worth $138 million, it would upgrade and reconstruct the Buhimba-Nalweyo-Bulamagi and Bulamagi-Igayaza-Kakumiro roads.

In October 2017, the Chinese company said it would open a building materials market in Kenya in 2018. That facility has been under construction since September 2016.

Posted in: COMPANIES

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