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.
Unilever opens $1.5M Vaseline production factory in Kenya to meet skin care demands
Unilever has opened a new KES155 million (€1.3 million) factory in Kenya which will be focused on the production of its Vaseline products, as it looks to meet the growing demands in the region for quality skin care products.
The new state-of-the-art facility, which is based in Nairobi, serves the East African market and some countries in the COMESA region such as Zambia and Zimbabwe and will double the production of Vaseline petroleum jelly.
The company adds that the new production line comes with the latest technology available from Unilever globally.
Newly constructed Weetabix East Africa plant in Kenya opened
The Newly constructed Weetabix East Africa plant in Kenya has been opened in the capital Nairobi. The move is aimed at increasing production capacity as well as enhancing efficiency.
The new plant which cost US$ 2.5m has the potential of generating up to 60 per cent of the company’s produce.
Managing director Mr. Ahsan Manji launched the new plant while marking the company’s 40th anniversary in Kenya.
“The recently unveiled capacity upgrade project was completed at a value of US$ 2.5m. It involved new plant equipment – giving us 60 per cent more capacity, automation of some sections of the plant and a new office wing. Furthermore, we have also installed a 1,000 tonne wheat silo that will improve our productivity,” said Mr. Manji.
Kenya's economic growth could be highest in sub Sahara Africa - World Bank
Kenya’s economic growth could be the highest in sub Saharan Africa over the next 15 years according to a new World Bank report.
The Bank’s half yearly Pulse report on the African economy said that Kenya’s growth should remain “robust” at around 6.2 per cent until 2030, well above that of many other African economies who will suffer from China’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 d’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.
Stanlib Kenya REIT to raise $120M in IPO
Stanlib Kenya Ltd. intends on raising up to $120m (12.5 billion Shillings) before November for the initial public offering (IPO) of what will be Kenya’s flagship Real Estate Investment Trust (REIT). Fahari I-REIT will be listed on the Nairobi Stock Exchange and SBG Securities, owned by the Standard Bank Group Ltd. will be the bookrunner for the IPO.
In a phone call with Bloomberg, Felix Gichaga, Stanlib Kenya’s Business Development Manager explained that the I-REIT offers investors diversification and allows ordinary Kenyans to get exposure to income-generating real estate assets, as the cost of entry is not as high as investing directly.
President Uhuru Kenyatta invites US firms to invest in Lapsset project
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.
French cosmetics giant opens at Garden City
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.
Kenya doubles electricity sales to Uganda ahead of Rwanda supply
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 — a 110.2 per cent growth.
Uganda, which is pushing for increased trade with Kenya, bought the bulk of Kenya’s power exports at 25.33 million units while Tanzania imported 1.23 million units, Energy Regulatory Commission (ERC) data shows.