President Uhuru Kenyatta invites US firms to invest in Lapsset project
President Uhuru Kenyatta Tuesday invited American firms to invest in the multi-billion Lamu Port project, arguing that Kenya had taken measures to make it easier for them to conduct business.
Marketing Kenya for the second time on the sidelines of the UN General Assembly, President Kenyatta said that the country had opened up opportunities for US multinationals to invest in mega infrastructure projects such as the Lamu Port South Sudan Ethiopia (Lapsset) initiative which links the region.
President Kenyatta said that when US President Barack Obama visited Kenyan July, they agreed to pen up business opportunities for American companies and he was making a follow up to firms with the finances and technology to invest in the country and its neighbours.
High-Speed Fibre Cable to Connect Kenya, S.Sudan in 2 Years
Nairobi — Kenya and South Sudan will be connected to a high-speed fibre optic cable within the next two years enhancing communication and inter-border trade.
The two governments are implementing the optic fibre cable system as part of the Eastern Africa Regional Transport, Trade and Development Facilitation Project.
The project will also build a road linking the two countries from Eldoret to Lodwar and Juba and a common border post built at the interconnection of the two countries.
Major cement plant in Kenya to be constructed
Cemtech Limited is set to commence in January the construction of a US$ 95m cement plant in Kenya in West Pokot County.
The feasibility study for the project which was commissioned in 2010 by the Kerio Valley Development Authority (KVDA) shows that the area has large limestone deposits with the possibility of producing 1.2 million tons of cement annually.
Cemtech’s General Manager, Diptish Nandha confirmed the news and said that they have finalized on the logistics that had initially led to the delay of the commencement for the past five years.
German elevators firm eyes Kenya’s real estate sector
A Germany-based firm has entered the Kenyan market, targeting the booming property sector to move sales of its elevators, escalators and passenger lifts.
ThyssenKrupp Elevators, which installed lifts and escalators at the World Trade Centre that re-opened last year in New York, joins the growing list of foreign firms that have forayed into Kenya’s construction sector.
It has partnered with Nairobi-based East African Elevator Company to supply the regional market.
