Venue: The Dome, Nairobi, Kenya
Dates: 04th â€“ 06th June, 2016
Timing: 10.00 am to 06.00 pm
Business Visitors Only
Kenya has a well-developed building and construction industry with quality engineering, building and architectural design services being readily available. This industry is currently on an upward trend following re-habilitation and reconstruction of roads and bridges etc.
With increase in population, and growing demand for affordable housing, opportunities exist in the construction of residential, commercial and industrial buildings including prefabricated low-cost housing. Investors can also manufacture and supply construction materials and components for the sector.
China Wu Yi, a Chinese based firm is now expected to carry out a major road expansion in Kenya in the next few weeks.
China Wu Yi won the U$158Million project to expand the a 25km stretch of Waiyaki Way starting from James Gichuru Road junction to Mai Mahiu turnoff on the Nairobi-Nakuru highway.
The road expansion in Kenya which is expected to reduce the frequent traffic jams experienced in Kenyaâ€™s capital Nairobi is part of the World Bank-funded mega roads expansion project.
The other project that is in the World Bank mission is to converse of the 45.2km road between the Jomo Kenyatta International Airport (JKIA) and Rironi into a superhighway.
Kenya and Ethiopia have agreed on a deal that will see them construct a joint crude oil pipeline linking the two countries, this is after Uganda chose to export her oil through Tanzaniaâ€™s Tanga port. The oil pipeline will run from Kenyaâ€™s coastal town of Lamu to Ethiopiaâ€™s capital city, Addis Ababa.
The deal was signed following billateral talks between President Uhuru Kenyatta Ethiopiaâ€™s Prime Minister Hailemariam Desalegn during his three day state visit to Nairobi. The deal is part of a joint infrastructure project to incorporate the region under the Lamu Port- Southern Sudan -Ethiopia Transport corridor (Lapsset).
Airtel Kenya, the local unit of Indian telecoms group Bharti Airtel, is aiming to launch 4GÂ LTEÂ services by the end of the year, to enable it to better compete in the high speed mobile data market, reports Capital FM. â€˜Data is very essential in our industry and we are investing heavily to ensure that our capabilities in data and internet are substantially improved,â€™ the cellcoâ€™sÂ CEOÂ Adil El Youssefi was quoted as saying, adding: â€˜We are working closely with the stakeholders, regulators and the government to ensure that we [launch] the 4G network as soon as possible, hopefully this year, to Kenya.â€™ Youssefi also revealed that the coverage of Airtelâ€™s 3G network, which was launched in February 2012, has been increased to 75% of the population.
Another 40MW solar power plant in Kenya is set to be constructed inÂ Nandi County,Â Kenya this is afterKenya Solar Energy Ltd showed interest in constructing a 40MW plant inÂ Lamu CountyÂ soon.
Kopere Solar Park Limited which is the company behind the project is currently seeking regulatory approval for them to commence on the construction. The solar plant is projected to cost US$ 10m and will be financed byÂ Climate Investment Funds (CIF) and Martifer Solar which is a Portugal based firm will be involved as the technical partners to develop, build and operate the solar plant during its lifetime.
The economy grew by 5.6 percent last year mainly driven by agriculture that performed well due to good rains received during the year.
The growth is higher than the 5.3 percent registered in 2014. Agriculture grew 5.6 percent in 2015 from 3.5 percent the previous year, driven by abundant rainfall.
Most economic sectors also expanded except tourism, which continued to bear the brunt of travel advisories by key source markets and worries about insecurity.
Dangote Cement, Nigeria's biggest listed company, said it aims to nearly double its production capacity over the next three years and half of its output by the end of 2019 will come from African plants outside its home market.
The company, majority owned by billionaire Aliko Dangote and Africa's biggest cement producer, plans new plants in Nigeria which will add between nine-million and 12-million tonnes to its existing capacity and will also expand production into Ivory Coast, Liberia, Mali, Niger, Kenya and Zimbabwe, it said in a presentation on Tuesday.
Kenya is among the few Sub-Saharan African countries that weathered the 2015 economic storm to record an impressive growth, according to a new survey.
The International Monetary Fund (IMF) in its latest Regional Economic Outlook Survey for Sub-Saharan Africa, showed that while the continent recorded its lowest growth in 15 years in 2015, Kenya and a host of other African countries shrugged off the turbulence to record impressive growth.