Kenya leads the East African region in terms of mega construction projects. The country has 20 ongoing large projects followed by Ethiopia at 12. East Africa holds 20 per cent of all construction projects in Africa and 15 per cent in dollar value at $57.5 billion (Sh 5.8 trillion) in 2015, which is a slight fall from $60.7 billion (Sh6.2 trillion) in 2014. Basic infrastructure projects, transport and energy, are top on the Kenyan development agenda, with transport taking the lion's share of 51 per cent and energy at 30 per cent. The figures were released yesterday by consultancy firm Deloitte East Africa in a report titled Africa Construction Trends 2015. Kenya's standard railway project (SGR) is the fourth most expensive project in the region, gobbling up $3.8 billion (Sh386 billion at current rates), with Tanzania's port at Bagamoyo coming top at a cost of $11 billion (Sh1.119 trillion). The report also indicates Kenya is experiencing growth in the retail sector, where hotel space, modern office parks, entertainment and lifestyle facilities are experiencing a boom due to expansion of towns and cities and a growing middle class.East African projects are predominantly financed by International Development Finance Institutions (DFIs), followed by funding from the governments.
NAIROBI, KENYA: International Mobile firm Cubot has officially launched its latest flagship smartphone in Kenya. The global launch of the Cubot Note S was done in Kenya to honour the Kenyan artists who designed the phones back-cover. He said the use of the African inspired Kenyan designs has increased the phones appeal both locally and globally. Kilimall, the leading online retailer, has been appointed the exclusive distributor of the brand in Kenya and the East African region. Our market research for Africa pointed to a very high appreciation of the Cubot brand in Kenya, said Kilimall marketing director Larry Liu. Mr Liu said many Kenyans are looking for high quality and affordable smartphones which, he noted, were in short supply in the local market.
They say necessity is the mother of invention, and if we needed a reminder of it then we got one. The combined efforts of Avery East Africa Ltd (AEA) and Velocity, a UK based emergency road repair and preventative maintenance company, we finally have a solution to those craters we call potholes that have been destroying all our vehicles and ruining pedestrians mornings when it rains. The new paving tech that is to be commissioned will see the reduction in the number of potholes and the ease of their repair.
The technology, named Velocity Road Patching, was launched on Tuesday and is the first of its kind in Kenya, and the region, but the 2nd in Africa after its successful application in South Africa. If South African roads are anything to go by, we may have hit the infrastructure jackpot with this one.
Kenya and Uganda's presidents and oil company executives will meet on Monday to hold further discussions on a route for a pipeline to transport the two countries' oil, the Kenyan president's spokesman said on Sunday.
Resolving the pipeline route is crucial to helping oil companies involved in Uganda and Kenya to make final investment decisions on developing oil fields.
"President Uhuru Kenyatta will host Ugandan President Yoweri Museveni tomorrow ... They will discuss the construction of the Uganda-Kenya oil pipeline, a key plank of the Northern Corridor Infrastructure Projects," Manoah Esipisu said in a statement.
Last wee, Tanzania's presidency said that Total, which has a stake in Uganda's crude oil discoveries, had set aside $4 billion to build a pipeline from Ugandan fields to the Tanzanian coast and that Tanzania wants the three-year construction schedule shortened.