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.
Airtel Kenya plans 4G launch by year-end
Airtel Kenya, the local unit of Indian telecoms group Bharti Airtel, is aiming to launch 4G LTE services by the end of the year, to enable it to better compete in the high speed mobile data market, reports Capital FM. ‘Data is very essential in our industry and we are investing heavily to ensure that our capabilities in data and internet are substantially improved,’ the cellco’s CEO Adil El Youssefi was quoted as saying, adding: ‘We are working closely with the stakeholders, regulators and the government to ensure that we [launch] the 4G network as soon as possible, hopefully this year, to Kenya.’ Youssefi also revealed that the coverage of Airtel’s 3G network, which was launched in February 2012, has been increased to 75% of the population.
Kenya’s economy expands by 5.6pc
The economy grew by 5.6 percent last year mainly driven by agriculture that performed well due to good rains received during the year.
The growth is higher than the 5.3 percent registered in 2014. Agriculture grew 5.6 percent in 2015 from 3.5 percent the previous year, driven by abundant rainfall.
Most economic sectors also expanded except tourism, which continued to bear the brunt of travel advisories by key source markets and worries about insecurity.
Bidco Africa begins constructing beverage plant in Kenya
Bidco Africa which manufactures daily consumer products has began the construction of a US$ 40m beverage plant in Kenya with commissioning planned for mid 2017.
The new beverage plant in Kenya, to be constructed in Thika will comprise of a production and bottling facility for non-carbonated still drinks, carbonated soft drinks and water and will be funded by theInternational Finance Corporation (IFC).
Kenya among few countries that weathered 2015 economic storm
Kenya is among the few Sub-Saharan African countries that weathered the 2015 economic storm to record an impressive growth, according to a new survey.
The International Monetary Fund (IMF) in its latest Regional Economic Outlook Survey for Sub-Saharan Africa, showed that while the continent recorded its lowest growth in 15 years in 2015, Kenya and a host of other African countries shrugged off the turbulence to record impressive growth.
Kenyan company plans bio-organic fertiliser plants
Two Phillipine-based companies have entered an agreement with Kenyan start-up Wanda Organic to establish bio-organic fertiliser manufacturing plants in Nakuru and Laikipia counties by the end of the year-end.
Under the tripartite agreement, ELR Family Trading Inc and Richfund International Company Ltd will provide technical support to Wanda Organic to produce fertiliser branded Plantmate Bio-Organic.
The fertiliser is a result of over 40 years of biotechnology research in Southeast Asia, Australia and the Middle East.Wanda said Monday the product has been successfully tested in Machakos and Makueni counties where farmers reported up to 30 per cent yield increases.
Property developers embrace new technology to cut costs
Property developers are embracing alternative technologies to cut costs and maximise the returns while still maintaining quality standards.
This is in response to the rising costs of construction and finance which have made housing unaffordable to many people.
Among the new technologies being applied is the expandable polystyrene system (EPS), which could replace the traditional brick-and-mortar process.
Kenya, Uganda top in hospitality industry targets
Kenya and Uganda are among the top 10 preferred African countries for hotel developments, with hotels planning to add new rooms this year.
The two countries have been ranked seventh and 10th respectively in a recent survey by W Hospitality, a global company providing advisory services for the hotel, tourism and leisure industries.
Eight global hotel chains, among them Radisson, Hilton, Sheraton, Marriott and Kempinski, plan to add 1,510 rooms in Kenya while in Uganda nine international hotels, among them Hilton and Sheraton, plan to build 1,397 rooms.