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.
Another 40MW solar power plant in Kenya is set to be constructed inÂ Nandi County,Â Kenya this is afterKenya Solar Energy Ltd showed interest in constructing a 40MW plant inÂ Lamu CountyÂ soon.
Kopere Solar Park Limited which is the company behind the project is currently seeking regulatory approval for them to commence on the construction. The solar plant is projected to cost US$ 10m and will be financed byÂ Climate Investment Funds (CIF) and Martifer Solar which is a Portugal based firm will be involved as the technical partners to develop, build and operate the solar plant during its lifetime.
Dangote Cement, Nigeria's biggest listed company, said it aims to nearly double its production capacity over the next three years and half of its output by the end of 2019 will come from African plants outside its home market.
The company, majority owned by billionaire Aliko Dangote and Africa's biggest cement producer, plans new plants in Nigeria which will add between nine-million and 12-million tonnes to its existing capacity and will also expand production into Ivory Coast, Liberia, Mali, Niger, Kenya and Zimbabwe, it said in a presentation on Tuesday.
Kenya is among the few Sub-Saharan African countries that weathered the 2015 economic storm to record an impressive growth, according to a new survey.
The International Monetary Fund (IMF) in its latest Regional Economic Outlook Survey for Sub-Saharan Africa, showed that while the continent recorded its lowest growth in 15 years in 2015, Kenya and a host of other African countries shrugged off the turbulence to record impressive growth.
Airtel Kenya, the local unit of Indian telecoms group Bharti Airtel, is aiming to launch 4GÂ LTEÂ services by the end of the year, to enable it to better compete in the high speed mobile data market, reports Capital FM. â€˜Data is very essential in our industry and we are investing heavily to ensure that our capabilities in data and internet are substantially improved,â€™ the cellcoâ€™sÂ CEOÂ Adil El Youssefi was quoted as saying, adding: â€˜We are working closely with the stakeholders, regulators and the government to ensure that we [launch] the 4G network as soon as possible, hopefully this year, to Kenya.â€™ Youssefi also revealed that the coverage of Airtelâ€™s 3G network, which was launched in February 2012, has been increased to 75% of the population.
Property developers are embracing alternative technologies to cut costs and maximise the returns while still maintaining quality standards.
This is in response to the rising costs of construction and finance which have made housing unaffordable to many people.
Among the new technologies being applied is the expandable polystyrene system (EPS), which could replace the traditional brick-and-mortar process.
The economy grew by 5.6 percent last year mainly driven by agriculture that performed well due to good rains received during the year.
The growth is higher than the 5.3 percent registered in 2014. Agriculture grew 5.6 percent in 2015 from 3.5 percent the previous year, driven by abundant rainfall.
Most economic sectors also expanded except tourism, which continued to bear the brunt of travel advisories by key source markets and worries about insecurity.
Bidco AfricaÂ which manufactures daily consumer products has began the construction ofÂ a US$ 40m beverage plant in Kenya with commissioning planned for mid 2017.
The new beverage plant in Kenya, to be constructed in Thika will comprise of a production and bottling facility for non-carbonated still drinks, carbonated soft drinks and water and will be funded by theInternational Finance Corporation (IFC).