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.
KenGen Shines at the East African Power Industry Awards in Kenya
The Kenya Electricity Generating Company, KenGen scored a double win at the inaugural East African Power Industry Awards in Nairobi on Thursday evening when the utility won the Outstanding Clean Power Award and also took top place in the Excellence in Power Generation category.
Other popular winners were Dr Albert Butare, former Energy Minister of Rwanda who won the Lifetime Achievement Award for East Africa, as well as H.E. Dr Elham Mahmoud Ahmed Ibrahim from Ethiopia who is the African Union’s Commissioner for Infrastructure and Energy who won the Outstanding Woman in Power, Regional Award East Africa.
PLANS FOR NEW KIPEVU OIL TERMINAL ON COURSE
PRELIMINARY designs on the planned relocation of the Kipevu oil terminal in Mombasa are being finalised to pave way for the tendering process, Kenya Ports Authority managing director Gichiri Ndua has said.
Danish consultancy firm Niras is overseeing the relocation of the oil terminal, which will expand the country’s petroleum handling and storage capacity by almost 400 per cent.
“We have engaged a consultant who is finalising the designs in regard to the planned relocation of the Kipevu oil terminal,” Ndua said. KPA principal communication officer Hajj Masemo said the project is part of the Mombasa port infrastructure development.
Kenya to generate over half of its electricity through solar power by 2016
Government invests $1.2bn jointly with private companies to build solar power plants across the country
Kenya has identified nine sites to build solar power plants that could provide more than half the country's electricity by 2016.
Construction of the plants, expected to cost $1.2bn (ÂŁ73m), is set to begin this year and initial design stages are almost complete. The partnership between government and private companies will see the state contributing about 50% of the cost.
Tender for the construction of the Kenya-Uganda pipeline to be announced
A tender for the construction of the US$ 4bn Kenya-Uganda pipeline that is expected to cover 1,500km is set to be announced before the end of this year.
The construction project has been incorporated into the Lamu Port- South Sudan-Ethiopia Transport Corridor (Lapsset) infrastructure project.
The Lapsset Corridor Development Authority (LCDA) confirmed the reports and said that the tender that will be inviting companies to submit bids to put up the crude oil pipeline will be announced before the end of this year so as to pave way for the construction works which are projected to commence in early 2016.
Kenya: New Kenyan Law to Regulate Oil, Gas Exploration
Kenya's parliament is scheduled to debate a new petroleum Bill that will establish an independent upstream regulatory authority and a sovereign wealth fund.
If the law is passed, the national government will retain 75 per cent of the profit from commercial oil and gas produced, with the county governments hosting the deposits getting 20 per cent and the local community 5 per cent.
The county governments are expected to legislate on the establishment of boards of trustees and the prudent utilisation of the funds received, says the Petroleum Exploration and Production Bill, 2015, which is already before parliament.
Bamburi Cement net profit nearly doubles in first half
A boom in construction and foreign exchange gains has helped Bamburi Cement’s net profit almost double for the six months to June. The cement manufacturer reported an 86 per cent leap in net profits to Sh3 billion, with the management projecting an even better second half.
The company, which is controlled by France’s Lafarge, attributed the strong performance to growth in demand in its two main markets, Uganda and Kenya, cost cutting and gains in its dollar-based liquid assets due to a steep weakening of the Ugandan and Kenyan currencies. “We are optimistic that the business environment will remain stable in the second half of the year,” said Managing Director Bruno Pescheux. The depreciation of the shilling enabled the firm to book more than Sh357 million in gains for the six-month period that was earned from dollar denominated liquid assets, which the firm did not disclose.
Kenya: Solar Energy May Be Just What Kenya Needs for Industrial Take-Off
When President Uhuru Kenyatta reconstituted the Rural Electrification Authority board recently and appointed me chairman, I joined a team that was committed to enhancing the authority's contribution towards achieving Kenya's development goals.
We are faced with a number of questions on how best to do this, including what we can do to ensure Kenya exploits its solar energy and how the country is faring in the use of solar energy, compared with other countries.
In answering these questions, we began by focusing on the basic logic that informed the establishment of REA, which was to ensure Kenyans in the rural areas are given a chance to access electricity for their advancement. That is why REA has embarked on the one-solar-panel-per-home campaign in regions that are far from the national grid.