Venue:Â KICC, Nairobi, Kenya
Dates: 07th to 09 th May, 2015
Timing: 10 am to 6 pm
Business Visitors Only.
Kenya, a melting pot of opportunities is a thriving business centre. With a growing economy, stable socio-political Government and a developed infrastructure in place, Kenya offers corporations the ideal avenue for investments. Its proximity to the Middle East, Gulf and Europe, together with its easy access to the major ports of the region, enhances its international trade. The countryâ€™s economic policy is a free market-oriented one. It aims at paving the way for faster economic development of the country through private enterprise and individual initiatives. Kenya emerges as one of the largest importers in Africa being centrally located. Kenya also has the largest economy in east Africa and is a regional financial and transportation hub.
Tanzania is set to have the most reliable and efficient infrastructure networks in the East African region following concerted initiatives and efforts to find new and alternative sources of finance. Through the Big Results Now (BRN) initiative, the government last month showcased some mega infrastructure projects worth over 10 billion US dollars to large scale financial institutions for potential consorting through equity or favorable debt considerations.
The project will furthermore help Tanzania fulfill some of the goals that are stipulated in the Tanzania Development Vision 2025. TPDC is a state-owned firm.
These include the availability of a reliable electric power supply, expansion and increase of the industrial spectrum, cleaner environment, employment creation, extended natural gas usage, availability of clean water and the use of petrochemicals in Tanzaniaâ€™s industries. Acting TPDC Managing Director James Andilile said the construction work of the pipeline will be completed by the end of next month. This is contrary to earlier predictions by the Ministry of Energy and Minerals that the $1.2 billion project was to be completed by the end of 2014. Latest estimates show the pipeline will be ready by the end of February 2015.
The 18th edition of Buildexpo Africa is bringing in a lot of excitement among investors and the consumers alike. Participants from 35 international countries and 18 African countries will be showcasing the latest technology in construction machinery, building material, mining machines, construction vehicles and construction equipment. This event will be conducted at the Kenyatta international conference center at Nairobi from 2nd to 4th may. This event will showcase more than 10000 products from the countries ranging from India, Turkey, China, Italy, Malaysia and Germany as well as African countries like Kenya, Tanzania, Ethiopia, Uganda, Somalia, Mozambique and Congo. This exhibition will cater to the demands of not just the Kenyan market, but of the whole region of East Africa. This mega expo is the ideal forum for international players to showcase their products and services.Â This can serve as a ground to explore the entire African market.
The power plant will account for approximately half of Kenyaâ€™s power production measured by present installed generating capacity. It's a 1.86 billion dollar project. â€śWe are pleased that the PPP Petition Committee has heard and determined the petition and ruled in favor of the Centum-Gulf Energy Consortium,â€ť said Centum CEO James Mworia. â€śWe will now work hard to recover the time lost since the award of the tender to the consortium in September 2014 and look forward to delivering affordable and cheaper power to Kenyans,â€ť he added.
The high number of ongoing public infrastructure projects and increased real estate developments fuelled growth in the construction sector by 11 per cent between July and September last year. According to the Kenya National Bureau of Statistics economic survey for the quarter released last week, the growth was much faster than the 8.6 per cent recorded over a corresponding period in 2013.
Expansion project at the port of Mombasa received a major boost after the Japanese government agreed to fund part of the second phase of the second container terminal, currently under construction. The government of Japan has extended to the Kenyan government a $270 million ODA loan, approximately Sh24.7 billion, towards the second phase of the Mombasa port development project.
Production of cement, a key construction material, surged past half a million tonnes last July as 11-month tally surpassed full-year figures for the previous two years, latest data show. A total of 500,428 tons were manufactured in the month, pushing total production by end of November to 5.21 million tons. This is far higher than the 5.06 million tons churned out in the whole of 2013 and 4.64 million in 2012.