Venue: KICC, Nairobi, Kenya
Dates: 05 - 07 June 2024
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.
Kenya to build cruise ship terminal at its biggest port
Mombasa - East Africa's biggest port of Mombasa will spend 100 million shillings ($980,392.16) to build a new cruise ship terminal aimed at boosting tourism, port management said on Wednesday.
Piracy in the Gulf of Aden and the Indian Ocean struck a major dent into cruise tourism in the region, but the industry has rebounded since 2011, with enhanced naval patrols and deployment of armed guards on vessels.
"Before we used to receive 40 cruise vessels per year with 40,000 tourists," ports spokesman Hajj Masemo told Reuters, adding the number had dropped to near zero due to piracy.
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Indian firm targets Lake Victoria oil transport deal
An Indian investor plans to transport oil products between Kisumu and Port Bell in Uganda via Lake Victoria in a bid to cut high costs incurred moving the commodity by road.
Kenya Pipeline Company (KPC) acting managing director Flora Okoth says discussions have been going on with the Indian firm Mahati, which has won an 18-month contract with the government of Uganda for the supply of oil.
Ms Okoth says the move, if successfully executed, will cut the number of trucks on the road coming from Uganda to collect fuel in Kenya.
“We have been in discussion with an Indian investor so that he can start evacuating oil from our depot in Kisumu to Uganda via Port Bell,” said Ms Okoth in an interview with Shipping& Logistics.
Unilever eyes Tatu City land in Sh17bn plan
Consumer goods manufacturer Unilever East Africa is set to acquire a 70-acre piece of land in Kiambu’s Tatu City, setting the stage for its Sh17 billion expansion plans.
The producer of OMO detergent and Blue Band margarine said it had signed an agreement with the property developer to buy the land for hundreds of millions of shillings, with the exact price undisclosed.
The multinational is now expected to build a new factory in the location in the medium term, replacing the current plant it has operated at Nairobi’s Industrial Area for decades.
This will be part of the Sh17 billion investments in Kenya announced by its global chief executive Paul Polman last year.
Ugandan firm Pearl to construct dairy factory in Kenya
Ugandan firm Pearl Dairy Farms has announced plans to construct a dairy factory in Kenya that will be tasked with production and repackaging of milk products. The factory to be constructed in the capital Nairobi is aimed at growing Pearl’s market share in the region.
Atul Chaturvedi, the CEO of Pearl confirmed the reports and said that the initial estimate of the investment in the planned factory stands at about US$ 1m.
“We have for a long time been serving the Kenyan market from Uganda and our new factory will help in repackaging our products and subsequently set up a plant,” Atul Chaturvedi, the CEO of Pearl further said.
KenGen approves rights issue to raise billions for energy projects
The Kenya Electricity Generation Company (KenGen) board has approved a rights issue to raise billions of shillings for its energy projects.
The power producer said it would seek investors’ approval to issue up to 7.8 billion shares, reversing last year’s decision to issue up to 2.2 billion ordinary shares. KenGen has previously said it would raise Sh28 billion.
Company secretary Rebecca Miano said the board’s resolution on the cash call now awaits the approval of the firm’s shareholders at an annual general meeting to be held in December 16.
Further approvals are expected from the Capital Markets Authority and the Nairobi Securities Exchange (NSE).
National Construction Authority says 18,000 contractors in Kenya registered
The National construction Authority (NCA) now says that 18,000 contractors from different fields in the construction industry in Kenya have been registered a move that it believes will boost safety in the industry.
Executive Director for National Construction Authority Mr. Daniel Manduku confirmed the reports and said that over 150,000 workers in the construction industry had been earlier accredited with an aim of enforcing order to the construction sector.
“We have now registered all contractors in Kenya and this move gives us the opportunity to regulate the industry in a structured manner with premium placed on safety of buildings and transfer of technology,” said Mr. Manduku.
Construction of phase II of Mombasa port terminal in Kenya to begin
The construction of phase II of Mombasa port terminal in Kenya will start early 2017, Kenya Ports Authority managing director Gichiri Ndua has said. When complete, the second container terminal will provide and additional capacity of 470,000 and 550,000 TEUs.
Mr Ndua added that the construction project of phase II of Mombasa port terminal in Kenya will cost US$ 213m to complete.
He further pointed out that the Kenyan government had signed a US$241.3mn loan agreement with the government of Japan to help finance the project construction.