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.
A Kenyan gold explorer is the latest investor seeking to get into power production with the planned construction of a 140 megawatts (MW) geothermal plant in Turkana County.
Olsuswa Energy, a company owned by Mayfox Miningâ€™s chairman Manga Mugwe, is seeking to construct the power plant at a cost of $402 million (Sh42.8 billion), with planned transmission into the national electricity grid.
Most of the capital outlay is expected to be in the form of debt from development finance institutions including Denmarkâ€™s DI Frontier Market Energy & Carbon Fund.
The energy firm says it will begin exploratory work in the first quarter of 2016, drilling a year later and planned transmission of the first phase of the 70MW expected to happen in 2022.
Crowns Paints Kenya Ltd is planning to construct a factory in the Western Kenya that will help reduce cost of transporting paint from its Nairobi plant.
The new plant which is also expected to help increase the output of the company will cost US$ 4m for it to be complete.
Chief Executive of Crown Paints Rakesh Rao confirmed the reports and said that the new plant will foster growth and better service in that region since that have received a high percentage of sales from there.
â€śForty per cent of our sales come from this region and this plant will enable us serve the area better,â€ť Rakesh said.
Sameer Africa Group is planning to construct a 26,000-seater stadium in Kenya that will encourage the development of sports in that region. The stadium will be constructed in Nandi County.
Sameer Africa which is owned by Naushad Merali signed a Memorandum of Understanding (MOU) with Nandi County Governor Cleopas Langat on the construction of the stadium and the investment firm pledged to add more money to the infrastructural development of the county.
According to Merali, construction of the project is expected to commence in January next year and is projected to cost US$ 0.5m.
Brookside Dairy has begun selling powdered milk, a year after commissioning a Sh3.5 billion dry milk plant to facilitate production.
The move into the powdered milk market has seen the processorâ€™s daily intake of raw milk rise to nearly two million litres.
Brooksideâ€™s Director of Milk Procurement, John Gethi, said the Ruiru-based firm is servicing several bulk orders for powder each day, mainly from confectionery industry players.
Kenya has been ranked among the top ten countries in the world that have made significant investments in renewable energy.
According to a report released by Bloomberg New Energy Finance on Monday, Kenya was ranked sixth in a global list of key emerging markets which together attracted Sh12.9 trillion ($126 billion) worth of investments in clean energy last year.
This represented a growth of 39 per cent compared to the previous year.
Data from the Energy Regulatory Commission (ERC) shows that geothermal power consumption rose to a record high of 402.1 million units in October accounting for nearly half of the countryâ€™s total consumption.
The Ministry of Agriculture has developed a raft of policy, regulatory and financing incentives to accelerate transformation of the fisheries sector that contributes 0.6 per cent to the countryâ€™s Gross Domestic Product (GDP).
Speaking at an occasion to mark World Fisheries Day, Acting Cabinet Secretary for Agriculture, Adan Mohammed, said efforts to transform this sub-sector have gained steam to boost food security, exports and rural livelihoods.
â€śThe Government is committed to development of a robust fisheries sub-sector as a means to boost export earnings, achieve food and nutrition security and create employment,â€ť Mohamed said.
The International Fund for Agricultural Development (IFAD) has agreed to provide a $37.7 million (Sh3.8 billion) loan to fund key agricultural programs in the country.
The funds will be used to boost the ongoing smallholder dairy commercial program which will receive $17 million (Sh1.7 billion) while $20.66 million (Sh2.1 billion) will support the fisheries sub-sector through acquaculture development.
IFAD President Kanayo Nwanze said funding for the two programs will be approved by his organizationâ€™s next board meeting in December.