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.
Africa Oil Corporation, the partner of Tullow Oil Plc in Kenya has received Sh43.6 billion ($427 million) from Maersk Oil & Gas of Denmark in exchange for half of its stake in three exploration blocks located in the Lokichar basin.
The deal brings in Maersk as a partner in blocks 10BB, 13T and 10BA where it will own 25 per cent interest, scaling down Africa Oilâ€™s stake to 25 per cent while Tullow retains a 50 per cent interest in the blocks.
The farm-out arrangement was approved by Kenyan authorities last month but both companies had not reached a financial settlement.
Kenya National Highways Authority (KeNHA) has confirmed that the construction of a major highway at Kenyaâ€™s Coast is set to begin later this year. The Garsen-Witu-Lamu road in Kenya is expected to boost business and economic growth in the area once complete.
KeNHA made an official announcement stating that the paving of the road will begin following the advertisement of the tender in the daily newspapers. The successful contractor will be expected to sign a fixed price contract with the road agency so as to ensure that detailed designs and construction works are being provided.
The groundbreaking of the US$ 12m Konza Technology City in Kenya will finally begin in March this year months after stalling allowing the development of the mega project to kick off.
Konza Technology City Development Authority (KoTDA) CEO Eng John Tanui confirmed the reports and said that the first phase comprising of 21 parcels of land on 60 acres is ready for investment starting this year.
â€śWe will be doing the groundbreaking of the US$ 12m mixed use facility to host our offices, commercial and residential units in March this year as well as putting up the first schools,â€ť said Eng Tanui. â€śIn addition to this, we are completing the design for the provision of utilities including waste water management, street lighting, water, power and Internet systems to ensure that these are laid out in the right way before construction of the same begins in the next financial year,â€ť he said.
A multi-million satellite complex Tatu City in Kenya , has announced that it had appointed US-based firm Power Engineers Inc to plan on power infrastructure for use within the industrial complex.
Power Engineers is one of the largest consulting engineering firms in the United States
Tatu City in Kenya management said that The Power Engineers Inc is well suited for the job having worked with clients such as the World Bank, US Trade and Development Agency and Inter-American Development Bank.
The construction industry in Kenya defied high interest rates to post impressive growth, a new report by Kenya National Bureau of Statistics (KNBS) reveals.
Data released by KNBS, reveals that the sector grew by 14.1 per cent in the third quarter of 2015 compared to 8.8 per cent over a similar period in 2015.
Construction loans to the sector grew by Sh22 billion (or 28 per cent) from Sh79 billion to Sh101 billion during the year.
The UK government has invited contractors to generate solar power for three villages in Turkana County in a new business model aimed at promoting privately operated mini-grids.
The project, funded through the Department for International Development (DFID), aims at promoting the use of solar power in far-flung regions not connected to the national electricity grid.
The project, being implemented by Barclays Bank of Kenya, has invited the contractors to apply for the funds that will be used in the purchase and installation of Solar PV Hybrid Mini-grid in Lolupe, Nadwat and Katabol villages.
Africaâ€™s largest international trade exhibition for the Building and Construction industry BUILDEXPO AFRICA returns this year with a much brighter event at a brand new, larger and conveniently located venue. From June 04 - 06, 2016, The Carnivore in Nairobi, Kenya, will see tens of thousands of buyers and visitors from across the world foster partnerships and collaborations in the rapidly expanding Industry.
With as much as 15,000 square mts. of exhibition space, the 19th edition of BUILDEXPO AFRICA offers a nearly 60% increase in size from last year at the new venue. More than 400+ exhibitors will be comfortably accommodated across the three areas at The Carnivore, up 18% from 2015. In anticipation of increased footfalls, the industryâ€™s biggest players from all over are preparing to welcome more than 10,000 buyers and trade visitors expected to attendfrom around the African continent.