Spring Valley Business Park Launched

Suraya Property Group is making its entry into the lucrative commercial property market with a state-of-the-art development dubbed Spring Valley Business Park.

The business park located along Lower Kabete Road in Nairobi, Kenya, about a five-minute drive from Westlands, will comprise five office blocks in phase one and a four-star hotel in phase two.

Phase one of the Spring Valley Business Park, whose groundbreaking is scheduled for mid June, is expected to be completed in one and a half years.

According to Suraya Property Group CEO, Pete Muraya, the Silver Valley will be a low density, high quality development that will not allow high traffic businesses such as public supermarkets.

Mr. Muraya said among Spring Valley’s main targets are banks which offer VIP corporate banking, a trend catching up fast and serves only a handful of persons at a given time reducing congestion at the business park.

In its construction, Spring Valley Business Park will borrow much from green technology in order to keep up with the latest trends.

article source: constructionreviewonline.com
images source: www.suraya.co.ke

Payment of matatu fare may soon go cashless

The government is reviewing the traffic law to enforce the use of cashless payment in a bid to revamp public transport. In a press briefing on Tuesday, Transport permanent secretary Karanja Kibicho said the ministry is finalising a review of the New Traffic Act 2012 to make way for cashless payment of fares by commuters using a card. Once revised, the law will stipulate how passengers, drivers and conductors using the public transport should conduct themselves on the roads.
read more: www.nation.co.ke/business/news

Equity, Google launch bus fare solution



NAIROBI, Kenya, Apr 30 – Equity Bank has teamed up with Google to launch a payment card Dubbed BebaPay, which will provide a quick and convenient way to pay bus fare without the use of cash.

The payment system that allows very small transactions is meant to make commuting easier, orderly, and manageable and formalise the sector.

Speaking at the launch, Equity Bank Chief Executive Officer James Mwangi said that this partnership is in line with the bank’s commitment to continue innovating financial products and services that make it easier and convenient for their customers when they are paying for goods and services.
read more: www.capitalfm.co.ke/business