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.
Geothermal energy could attract textile factories to Olkaria, Kenya
Kenya will set up investors near geothermal plants to cut the cost of electricity and offer subsidies in order to compete with her neighbours.
Mr Mohamed said on Thursday that they will set up investors at the shores of Lake Naivasha near the geothermal power plant to cut transmission charges to make Kenya attractive.We are going to set them up at Naivasha near the geothermal plant where power is much cheaper since it is at the source, he said.He was speaking when he met a trade delegation composed of investors from China, the US, Australia, the Netherlands and Bangladesh who will also be visiting Tanzania and Ethiopia.
Climate change could cost global economy US$24 trillion
A new report by the London School of Economics and Political Science is the first comprehensive study to use an economic model to put a number on the climate value at risk.
A new report published on Monday has put the potential cost of climate change to the world economy at as much as US$24 trillion by 2100, underlining the urgent need for businesses worldwide to pay attention to it.
The report, led by researchers at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science and Vivid Economics, is the first comprehensive study to use an economic model to put a number on the climate value at risk.The study, published in the journal Nature Climate Change estimated that an average US$2.5 trillion, or 1.8 per cent, of the worlds financial assets would be at risk from the impacts of climate change if global temperatures rise by 2.5 deg C above its pre-industrial level by 2100.
France approves Sh28bn for Kenya's infrastructure
Kenya has signed seven memorandums of understanding that will see the country receive up to 250 million euros (Sh28.8 billion).The agreements were signed after President Uhuru Kenyatta met his French counterpart Francois Hollande for bilateral agreements.The financing includes grants and loans negotiated through the national Treasury to finance several infrastructure projects in the country.This is the first time the presidents of the two countries are meeting in fourteen years.Cabinet secretaries Amina Mohamed, Henry Rotich, Najib Balala and Eugene Wamalwa have accompanied President Kenyatta on the state visit.
A bulk of the money Sh13.8 billion (120 million euros) will be used to finance the Last Mile Connectivity Programme.Of this, 90 million euros is being given to the country as a Concessional Loan, with the remaining 30 million euros as a grant.
Industry 4.0: When humans and robots go hand in hand
Amid concerns that the rise of industrial robots may soon render humans obsolete, Swiss automation giant ABBs latest innovation may help shine a new light on what the future will look like when humans and robots can work together as partners.
Since January, political and business circles alike have been abuzz with talk of the fourth industrial revolution - the chosen topic of this years World Economic Forum (WEF) meeting held in Davos, Switzerland - and how it will transform the global economy in the coming years.
This technological revolution, which has the potential to disrupt entire industries and change the way we work and live, will see a fusion of technologies blurring the lines between the physical, digital, and biological spheres, says WEF founder and executive chairman Klaus Schwab.
Kenya would be among cheapest world oil producers, Tullow says
NAIROBI: Kenya would be among the 10 cheapest countries to produce crude oil, ahead of major exporters like Nigeria and Angola. Tullow Oil, the UK firm prospecting for oil in Turkana among other areas, has reported the break-even point for Kenya crude is Sh2,550 ($25) per barrel – including the pipeline tariff to the sea port. Low production costs translate to higher profits for a producer. Kenya's projected cost is lower than $35.40 (Sh3,600) in Angola and Nigeria's $31.50 (Sh3,204), both countries bleeding money as global prices slumped to near-record low of $29 (Sh2,949) this week. At the prevailing prices, Kenya would still be making a profit if it were already producing and selling crude oil in the international markets.This is important news that suggests Kenya's oil is viable even at current low global prices albeit at a razor thin profit margin, said Eric Musau, a research analyst at Standard Investment Bank. He was quoting a presentation made by Tullow Oil after releasing its 2015 operating results. Being a low-cost crude oil producer could mean that Kenya can survive the sustained slump in prices, and still make a profit at the current levels.
Data centres: The new cool kids on the block?
Data centres power the modern economy and keep the worlds largest businesses, websites and services running, but in doing so they are also the biggest guzzlers of energy worldwide. The industry is applying new business models and technologies to change that.
Facebook, Instagram, Twitter, Amazon, Taobao – these mainstays of urban life and the wider digital economy are powered by an often-overlooked business: data centres.
But these data centres are also indispensable. They house the IT operations, equipment and software of organisations across the world, which stores, processes, and disseminates information.
Tanzania to connect electricity to Kenya and Zambia
Tanzania is set to finish two major projects that will connect electricity to Kenya and Zambia by 2019, this is according to the ministry of Energy and Minerals.
The Deputy Permanent Secretary in the Ministry of Energy and Minerals, Dr. Juliana Pallangyo confirmed the news during a Southern Africa Power Pool (SAPP) executive committee meeting and said that Tanzania was missing a chance to trade power with otherSouthern Africa Development Community (SADC) member countries due to not being interconnected.