Venue:Â KICC, Nairobi, Kenya
Dates: 07th to 09 th May, 2015
Timing: 10 am to 6 pm
Business Visitors Only.
Kenya, a melting pot of opportunities is a thriving business centre. With a growing economy, stable socio-political Government and a developed infrastructure in place, Kenya offers corporations the ideal avenue for investments. Its proximity to the Middle East, Gulf and Europe, together with its easy access to the major ports of the region, enhances its international trade. The countryâ€™s economic policy is a free market-oriented one. It aims at paving the way for faster economic development of the country through private enterprise and individual initiatives. Kenya emerges as one of the largest importers in Africa being centrally located. Kenya also has the largest economy in east Africa and is a regional financial and transportation hub.
Rapid construction of commercial and residential buildings to meet rising demand has made the artisans, popularly known as fundis, one of the most-sought in the sector.
This has pushed their wages up as many property developers need them.
In Nairobi, the unskilled artisans, whose work mainly involves mixing sand and cement and ferrying building materials, are currently demanding a wage of between 8 U.S. dollars and 9.1 dollars a day, up from 3.4 dollars about three years ago.
The BASF Group, one of the largest chemical companies in the world, has opened a new production plant for concrete admixtures in Kenya as it seeks to position itself for the ongoing infrastructure projects in the country.
The company offers chemical solutions for new construction, maintenance, repair and renovation of structures among them concrete admixtures, and cement additives.
Shelter Afrique has extended Sh100 million to Jamii Bora Bank Limited (JBBL) that will be used by the bank for offer mortgages for low cost housing.
The loan agreement is meant to enhance the bankâ€™s ability to lend for the purpose of purchasing low-cost residential housing, incremental building and home improvement.
The South African economy narrowly dodged recession by growing 0.6% in the second quarter over a year ago, the country's statistics authority said Tuesday.
The latest quarterly assessment of South Africa, the continent's most advanced economy, offered little good news even as growth elsewhere in Africa is accelerating.
An artistic Impression of the Standard Gauge Railway project, whose construction is to start in October. The construction of the Standard Gauge Railway (SGR) has started to take shape after the contractors put up a mobilisation site in Mariakani. Principal Secretaries in the MInistry of Transport and Infrastructure Eng John Mosonik (infrastructure) and Nduva Muli (transport) led a government delegation to inspect the facility at Ngwasheni, Mariakani, 30 kilometres from Mombasa.
It is a â€˜boomâ€™ as many people are describing the growth of East Africa Construction industry. Many investors have taken the advantage of the boom by shaking off their pockets to invest in skyscrapers, shopping malls, roads, schools, hospitals etc.
Both private and public sectors are in a hurry trying to satisfy the rising middle class and regional integration, and the E.A. governments still have the high stake in the sector.