Venue: KICC, Nairobi, Kenya
Dates: 05 - 07 June 2024
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.
Kenya bets on solar power to bridge supply gap
The government is banking on solar power plants to bridge the electricity supply gap as it races to meet its target of increasing generation capacity by 5,000 megawatts by the end of next year.
Energy and Petroleum Principal Secretary Joseph Njoroge last week said he energy ministry is currently evaluating “numerous” proposals from investors to set up solar plants around the country before they strike power-purchase deals with Kenya Power.
“We have always preferred to use the least cost sources of electricity. However, the uptake of solar locally has been slowed by research to reduce the rates at which this form of energy is fed to the national grid,” said Mr Njoroge.
Duma Works launches recruitment services for agribusinesses
Kenyan online and SMS-based recruitment platform Duma Works has announced the launch of an affordable hiring and employment package specifically catering to local agribusinesses.
Citing the fact that the agricultural sector in Kenya is a key contributor to the country’s economy and accounts for 60 per cent of total employment, Duma Works said the majority of this economy – around 80 per cent of it is not formalized and thus excluded from professional hiring services and employment agencies.
This realisation prompted the move by Duma Works to offer low-cost recruitment services to the agricultural sector, with the company offering agribusinesses a 40 per cent discount per hire on Duma Works’ basic plan, and a 60 per cent discount on its advanced plan.
Kenya launches Priority Manufacturing Sector to stimulate Kenya’s economy
Nairobi, Kenya: The Ministry of Industrialization and Entreprise Development in partnership with World Bank and manufacturing sector stakeholders have today launched the Priority Manufacturing sector, value chain reports to stimulate Kenya’s economy.
The reports show that the performance of the timber-furniture, textile-apparel, and leather and leather products value chains in Kenya are significant to the country’s job and wealth creation.
The reports provide an updated and comprehensive analysis of competitiveness for these key manufacturing sectors in Kenya and offer suggestions strategies and policies to accelerate their growth and increase the productivity and innovation of Kenyan firms in them.
Kenya closer to regional power trade
Kenya’s plans to buy electricity from Ethiopia have reached a critical stage, with the expected signing of a $231 million (Sh23.6 billion) agreement to start construction of transmission infrastructure.
The Kenya Transmission Company (Ketraco) will tomorrow ink a deal with the African Development Bank (AfDB), World Bank and French Development Agency (AFD), who will finance the project. A consortium of Siemens AG (Germany) and IsoluxIngeniera SA (Spain) will be the contractors.
In 2011, Kenya, through electricity distributor Kenya Power, reached a deal with Ethiopia’s Electric Power Company (EEP) to import 400 megawatts of electricity to boost local capacity, which is below demand at just 2,298 MW. However, the absence of carrier infrastructure has delayed the implementation of this agreement.
Centum Investment Company - Building Value in Kenya: Ryan Hoover, Investment Analyst, Africa Capital Group
It’s gut check time for Kenya investors.
The Nairobi Securities Exchange’s main index has lost 31.7% in U.S. dollar terms since the start of the year in response to security concerns, China’s slowing growth, and a brief experiment with a 5% capital gains tax.
The drop makes for a compelling opportunity to purchase shares of the country’s largest investment holding firm.
Prime assets
Kenya hires Dutch company to advise on stadium construction
Kenya has hired a Dutch consulting firm to advise on the development of three large-capacity stadiums meant to help East Africa’s largest economy tap into sports tourism by hosting international tournaments.
Sports Kenya has engaged The Stadium Consultancy as the project managers to oversee the building of the three stadiums to be located in Nairobi, Mombasa and Eldoret.
Work on the three sports complexes to be built under a under a build-own-operate-transfer (BOOT) model is expected to begin next year.
Google eyes share in Lake Turkana wind power construction project in Kenya
Information Technology giant Google has announced that it was buying 12.5 per cent stake in Africa’s largest wind farm that is the Lake Turkana Wind Power construction project in Kenya.
The IT firm has agreed to purchase the stake in the wind farm project in Kenya from the project’s third-largest investor Vestas, when it becomes operational in 2018.
Google is set to invest US$40,000 in Lake Turkana wind power construction project in Kenya.
The announcement by Google to fund the project makes it part of a diverse group of international investors supporting the project, key among them the Overseas Private Investment Corporation (Opic), the US government’s development finance institution and Vestas, which is also supplying turbines for the wind farm.