KBC Global Ltd., a prominent player in the construction and real estate development sector has been awarded a significant subcontract worth approximately US $20 million by CRJE (EAST AFRICA) Ltd. CRJE is a modern enterprise with a rich history in constructing railways and five-star hotels across Africa. This substantial contract focuses on the civil engineering segment of soft infrastructure and represents a major milestone for KBC Global. The contract was secured through KBC Global’s wholly-owned Kenyan subsidiary, Karda International Infrastructure Limited, underscoring the company’s expanding footprint in the African market.
KBC Global has been awarded a contract to contribute to Africa’s infrastructure growth, marking its first major step in becoming a key player in the continent’s development. This project aligns with the region’s ambitious growth and development goals, demonstrating KBC Global’s growing capabilities and reputation in international infrastructure development. The company announced strategic expansion plans for both domestic and international markets. In April 2024, the board approved the conversion of 60 bonds into equity shares under FCCB terms.
Established in 2007, the company specializes in real estate development and sale in Nashik, India, focusing on residential and residential-cum-office projects. Operating in construction and development segments and contractual projects, notable projects include Hari Gokuldham, Hari Nakshtra-ll Eastext Township, Hari Sanskruti ll, Hari Siddhi, and Hari Samarth.