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: World Bank Predicts 4.9 Percent Growth
The World Bank predicts that Kenya’s economic growth will remain moderate in the face of a flat global growth prospect.
In its global economic prospects released last week, the World Bank forecasts that Kenya’s GDP will peak at 4.9 per cent this year, way below its peers in the sub-Saharan Africa region.
Kenya’s Vision 2030 to support East African Power Industry Convention
The annual East African Power Industry Convention (EAPIC) has secured the support of Kenya’s Vision 2030.  The organisers of EAPIC, the Cape Town-based events company Spintelligent, met with the Vision 2030 directorate in Nairobi recently.
Kenya, Uganda issue tenders to build oil pipeline
The governments of Kenya and Uganda have issued tenders for the construction of a 350 km oil pipeline linking the Kenyan town of Eldoret to the Ugandan capital Kampala.
Africa Oil/Tullow Oil’s East Africa Drilling
The aggressive drilling program undertaken by Africa Oil Corp. and Tullow Oil in Kenya is expected to continue in the coming months. The drilling program has already resulted in two significant discoveries for the partners.
Tullow and Africa Oil currently have three rigs active in East Africa.
Africa Oil reported that the testing program on the Twiga discovery in Kenya’s Block 13T is currently underway with final results expected to be announced in early-February.
Exports Board Moves to Improve Tea Quality
Over 1,200 tea farmers have been trained in harvesting standards, a move tailored at improving quality and ensuring the crop fetches high premiums on the regional and international markets.
“Rwandan tea, especially the liquor type, is always the best at the Mombasa auction. However, traders always complain that they find foreign materials in the tea. With the skills gained, we hope the problem will cease,†said Francis Twagirayezu, the National Agriculture Export Development Board (NAEB) representative in Mombasa.
KPLC in the spotlight as economic conditions improve
All eyes are on utility company Kenya Power as it compiles electricity bills for this month, with consumers expecting lower bills given the falling prices of fuel, low inflation, and a stable foreign exchange rate.
Further, increased rainfall in parts of the country in the past few weeks has increased opportunities for cheaper hydro-generated power as opposed to the more expensive thermal power.
Transport sacco adopts IT system to enhance the control of vehicles
Kenya’s leading transport sacco, 2NK is set to adopt a new Fleet Management System in a bid to gain more control of its 550 vehicles.
The sacco which pioneered parcel delivery by matatu vehicles is set to launch the new system in January 2013.