Kenya hires Dutch company to advise on stadium construction
Kenya has hired a Dutch consulting firm to advise on the development of three large-capacity stadiums meant to help East Africa’s largest economy tap into sports tourism by hosting international tournaments.
Sports Kenya has engaged The Stadium Consultancy as the project managers to oversee the building of the three stadiums to be located in Nairobi, Mombasa and Eldoret.
Work on the three sports complexes to be built under a under a build-own-operate-transfer (BOOT) model is expected to begin next year.
Centum Investment Company - Building Value in Kenya: Ryan Hoover, Investment Analyst, Africa Capital Group
It’s gut check time for Kenya investors.
The Nairobi Securities Exchange’s main index has lost 31.7% in U.S. dollar terms since the start of the year in response to security concerns, China’s slowing growth, and a brief experiment with a 5% capital gains tax.
The drop makes for a compelling opportunity to purchase shares of the country’s largest investment holding firm.
Prime assets
Kenya launches Priority Manufacturing Sector to stimulate Kenya’s economy
Nairobi, Kenya: The Ministry of Industrialization and Entreprise Development in partnership with World Bank and manufacturing sector stakeholders have today launched the Priority Manufacturing sector, value chain reports to stimulate Kenya’s economy.
The reports show that the performance of the timber-furniture, textile-apparel, and leather and leather products value chains in Kenya are significant to the country’s job and wealth creation.
The reports provide an updated and comprehensive analysis of competitiveness for these key manufacturing sectors in Kenya and offer suggestions strategies and policies to accelerate their growth and increase the productivity and innovation of Kenyan firms in them.
Google eyes share in Lake Turkana wind power construction project in Kenya
Information Technology giant Google has announced that it was buying 12.5 per cent stake in Africa’s largest wind farm that is the Lake Turkana Wind Power construction project in Kenya.
The IT firm has agreed to purchase the stake in the wind farm project in Kenya from the project’s third-largest investor Vestas, when it becomes operational in 2018.
Google is set to invest US$40,000 in Lake Turkana wind power construction project in Kenya.
The announcement by Google to fund the project makes it part of a diverse group of international investors supporting the project, key among them the Overseas Private Investment Corporation (Opic), the US government’s development finance institution and Vestas, which is also supplying turbines for the wind farm.
