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.
French cosmetic giant LancĂ´me, has entered the Kenyan market through a franchise deal with local firm Lintons Beauty World that will be the sole distributor of its cosmetic products in East Africa.
The LancĂ´me Kenyan franchise was launched at the Garden City Mall on Wednesday.
Lintons, which was started as a pharmacy shop, entered the cosmetics business in 1998.
It sold the pharmacy business three years ago to concentrate on beauty products.
Kenyaâ€™s economic growth could be the highest in sub Saharan Africa over the next 15 years according to a new World Bank report.
The Bankâ€™s half yearly Pulse report on the African economy said that Kenyaâ€™s growth should remain â€śrobustâ€ť at around 6.2 per cent until 2030, well above that of many other African economies who will suffer from Chinaâ€™s economic slowdown and restructuring away from foreign investment and towards domestic consumption.
In the shorter term, neighbours Tanzania and Rwanda are set to see even higher growth at over seven per cent of GDP along with Cote dâ€™Ivoire, Ethiopia and Mozambique over the next three years, spurred by investments in energy and transport, consumer spending and investment in the natural resources sector.
Cemtech Limited is set to commence in January the construction of a US$ 95m cement plant in Kenya in West Pokot County.
The feasibility study for the project which was commissioned in 2010 by the Kerio Valley Development Authority (KVDA) shows that the area has large limestone deposits with the possibility of producing 1.2 million tons of cement annually.
Cemtechâ€™s General Manager, Diptish Nandha confirmed the news and said that they have finalized on the logistics that had initially led to the delay of the commencement for the past five years.
President Uhuru Kenyatta Tuesday invited American firms to invest in the multi-billion Lamu Port project, arguing that Kenya had taken measures to make it easier for them to conduct business.
Marketing Kenya for the second time on the sidelines of the UN General Assembly, President Kenyatta said that the country had opened up opportunities for US multinationals to invest in mega infrastructure projects such as the Lamu Port South Sudan Ethiopia (Lapsset) initiative which links the region.
President Kenyatta said that when US President Barack Obama visited Kenyan July, they agreed to pen up business opportunities for American companies and he was making a follow up to firms with the finances and technology to invest in the country and its neighbours.
Nairobi â€” Kenya and South Sudan will be connected to a high-speed fibre optic cable within the next two years enhancing communication and inter-border trade.
The two governments are implementing the optic fibre cable system as part of the Eastern Africa Regional Transport, Trade and Development Facilitation Project.
The project will also build a road linking the two countries from Eldoret to Lodwar and Juba and a common border post built at the interconnection of the two countries.
Kenya has more than doubled electricity sales to Uganda and looks to start supplying Rwanda by year end following the injection of additional geothermal power into the national grid.
Official data shows that Kenya exported 26.56 million kilowatt-hours (kWh) to Uganda and Tanzania in the year to July, up from 12.63 million kWh in the same period last year â€” a 110.2 per cent growth.
Uganda, which is pushing for increased trade with Kenya, bought the bulk of Kenyaâ€™s power exports at 25.33 million units while Tanzania imported 1.23 million units, Energy Regulatory Commission (ERC) data shows.
A Germany-based firm has entered the Kenyan market, targeting the booming property sector to move sales of its elevators, escalators and passenger lifts.
ThyssenKrupp Elevators, which installed lifts and escalators at the World Trade Centre that re-opened last year in New York, joins the growing list of foreign firms that have forayed into Kenyaâ€™s construction sector.
It has partnered with Nairobi-based East African Elevator Company to supply the regional market.