Venue: KICC, Nairobi, Kenya
Dates: 06th â€“ 08th May, 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.
Kenya's parliament is scheduled to debate a new petroleum Bill that will establish an independent upstream regulatory authority and a sovereign wealth fund.
If the law is passed, the national government will retain 75 per cent of the profit from commercial oil and gas produced, with the county governments hosting the deposits getting 20 per cent and the local community 5 per cent.
The county governments are expected to legislate on the establishment of boards of trustees and the prudent utilisation of the funds received, says the Petroleum Exploration and Production Bill, 2015, which is already before parliament.
When President Uhuru Kenyatta reconstituted the Rural Electrification Authority board recently and appointed me chairman, I joined a team that was committed to enhancing the authority's contribution towards achieving Kenya's development goals.
We are faced with a number of questions on how best to do this, including what we can do to ensure Kenya exploits its solar energy and how the country is faring in the use of solar energy, compared with other countries.
In answering these questions, we began by focusing on the basic logic that informed the establishment of REA, which was to ensure Kenyans in the rural areas are given a chance to access electricity for their advancement. That is why REA has embarked on the one-solar-panel-per-home campaign in regions that are far from the national grid.
Nairobi-based real estate and equity firms have expressed interest in investing at the Coast, a market that has in the recent past been shunned by investors due to security concerns.
Fusion Capital, a real estate developer and financier, and private equity firm Cytonn Investments, are some of the companies that are putting their money in the coastal region.
While Fusion has competed the first phase of a Sh1.3 billion project, Cytonn intends to invest Sh5 billion in a number of properties including apartments, shopping malls and residential housing.
Kenya and Turkey have exceeded forecasts for harnessing geothermal energy, but other developing countries, including Indonesia and the Philippines, are lagging behind on leveraging the renewable power source, a new analysis shows.
If developing nations are to carry out the planned expansion of geothermal energy capacity, $133 billion (Sh13.7 trillion) needs to be invested in the sector by 2030, the Climate Policy Initiative (CPI) research group reported on Wednesday.
Meeting the target to build 23GW of geothermal capacity over the next 15 years (one GW is enough energy to power 750,000 homes) would require a 7- to 10-fold increase in funding from governments and development financing bodies, the CPI said.
Erin Energy, an oil exploration company that has interests in Lamu Basin, has been given permission by the government to proceed to the next stage of exploration which will include drilling an exploration well by the end of 2017.
The company has four blocks that are located in the Lamu basin and has finished the first stage of work on its onshore blocks.
Erin was also supposed to have finished the first phase of exploration work on its offshore blocks by August 8 but requested the energy ministry to give it a two-year extension.
Simba Corporation, owners of auto dealer Simba Colt Motors, Thursday got a boost from a Sh161 million order for 46 Mitsubishi staff vehicles by Vivo Energy â€” which trades in Kenya as Shell.
The acquisition of the SUVs (worth Sh3.5 million per unit) is on an operating lease arrangement. The deal, signed Thursday in Nairobi, will see Shell access a four-year tailor-made vehicle leasing deal and an eight-year lubricants supply contract.
â€śFaced by a desire to minimise transport costs, leading local companies and public sector institutions are fast turning to leasing solutions that are proving to be cost effective,â€ť said Polycarp Igathe, the Vivo Energy Kenya Managing Director, during announcement of the deal.
You may soon begin using power generated from nuclear sources as Kenya engages speed gear in the establishment of a nuke plant.
The plan is set to diversify Kenya's electricity generation mix.
An 11-member team of experts from the International Atomic Energy Agency are in Nairobi for feasibility analysis on critical areas on the investment and advise the country accordingly.
Energy and Petroleum Principal Secretary Joseph Njoroge said the countryâ€™s population was growing fast and the available energy sourcing options were fast depleting hence the decision to go nuclear.