Kenya Archives - Page 16 of 17

SOLAR POWER PROJECTS IN KENYA GETS US$75m FUNDING

Posted on February 6, 2018February 6, 2018 by Gambeta News

Kenya firms receive US$75m loan to fund solar power plants construction Two solar power plant projects in Kenya receive US$75m loan by the European Investment Bank (EIB). Interests in Kenya’s green project is rising as more world organizations are looking to finance them. The plants are developed by two Kenyan firms, Radiant Energy and Eldosol Energy. They are also located next to each other in Eldoret. The Solar plants have a capacity of 40MW each and the…

Kenya expands Inland Container Depot (ICD) by 7.5 acres.

Posted on February 5, 2018 by Gambeta News

Inland Container Depot (ICD) in Emakasi expansion in line with the higher cargo capacity of the standard guage railway. Kenya Port Authority (KPA) approved 7.5 acres of land for the expansion of the Inland Container Depot (ICD) in Emakasi. This was done in preparation for the higher cargo capacity under the standard guage railway. KPA general manager for engineering services Joseph Atonga told the Business Daily that the idea is to increase the capacity on…

National resistance Movement (NRM) General Miguna has been arrested.

Posted on February 2, 2018 by Gambeta News

Kenya arrested National resistance Movement (NRM) General Miguna Miguna, the other legislator that participated in the illegal ‘swearing in’ ceremony of opposition leader Raila Odinga. On Friday 26th Jan 2018 The self-appointed National Resistance Movement (NRM) General Miguna Miguna arrested on Friday 26th Jan 2018. NRM is a resistance wing of the opposition National Super Alliance Coalition (NASA). He openly declared himself as the general of the NRM which is an outlawed group. The Director…

KENYA AWARD TURKANA POWER LINE TO CHINESE FIRM

Posted on February 1, 2018 by Gambeta News

Ketraco award contract for 428km power line construction after isolux contract was terminate. The Turkana power line project has been awarded to the consortium, consisting of NARI Group Corporation and Power China Guizhou Engineering Company. Ketraco terminates Isolux contract because the project will be push back after it was place under ownership. The termination of the project was after its parent company filed for bankruptcy in Spain. The project which is a 428-kilometre power line has 70%…

ISUZU MOTOR LIMITED OPENS A BRANCH IN KENYA

Posted on January 26, 2018 by Gambeta News

General Motors East Africa meets the required regulatory for approval by Isuzu Motor Limited. Isuzu Motor limited has currently opened an official supplementary branch in Kenya following the buyout of a 57.7% majority stake in vehicle distributor, General Motors East Africa (GMEA) in 2017. Mr Susumu Hosoi the Board Chairman of Isuzu Motors Limited said “My hope is to see Isuzu East Africa grow to be an integral location not only for the country but…

KENYA SEEKS FOR US$ 22bn TO BUILD AFFORDABLE HOUSES

Posted on January 24, 2018January 24, 2018 by Gambeta News

Kenya to constuct affordable houses in fulfillment of the “Big Four” agaenda… The Kenyan government is presently aiming to get investors for a US$ 22bn project to construct affordable houses. The project is among President Uhuru’s “Big Four” policy agenda that he intend to accomplish with his team. The Principal Secretary for Housing and Urban Development Aidah Munano verifies the report and said that “the ministry was working on an incentive package to attract international…

KENYA PARTNERS WITH INDIA TO BUILD A MULTI-MILLION CANCER HOSPITAL AND ONCOLOGY SCHOOL.

Posted on January 24, 2018January 24, 2018 by Gambeta News

Kenya to construct a cancer hospital and oncology school. A multi-million dollars cancer hospital and oncology school is set to be constructed in Kenya after an agreement between Kenya and India is fully implemented. This initiative will eventually reduce cases of ailing Kenyans traveling to India for treatment. Following the agreement between India and Kenya a multi-million dollars cancer hospital and oncology school is to be constructed to reduce the cases of sick Kenyans traveling…

KENYA’S JAVA GROUP SET TO INVEST UP TO 10 MILLION WITH PLANS INCREASE ITS NETWORK.

Posted on January 23, 2018 by Gambeta News

Kenya’s Java group set to increase its foothold in the country. Java Group, the leading restaurant chain in Kenya, is set to invest between Ksh500 million (about $5 million) and Ksh1 billion (about $10 million) in an expansion drive that is part of the company’s plan to increase its foothold in the country. Kenya plans to invest between Ksh500million ($5 million) and Ksh1 billion ($10 million) to expand the java Group (the prime restaurant chain…

KENYA TO HOLD COUNTRY’S FIFTH DEVOLUTION CONFERENCE.

Posted on January 22, 2018 by Gambeta News

Kenyan’s to focus investment on Agriculture, Energy and Trade. Kenya’s Council of Governors (CoG) has agreed to hold the country’s fifth Devolution Conference this year (Devolution is the transfer or delegation of power to a lower level, especially by a country’s central government to local or regional administration). The Council said in a statement that the Conference will be a sector-based event covering health, agriculture, energy and infrastructure, and trade and cooperatives. According to a World…

KENYAN FARMER TO SUE GOOGLE

Posted on January 18, 2018January 18, 2018 by Gambeta News

A Kenyan farmer requesting for payment for destruction of his crops from google. Project Loon a Google programme sited at Joseph Nguthari’s property in Nthambiro, Igembe Central is a global netwrok of high attitude balloons that reaches the stratosphere, about 20km above the earth, the majorly act as mobile phone towers and provides 4G internet. Nguthari says the device was radiating a lot of light attracted many people who entered his farm without caution…

US$ 25BN SET ASIDE BY KENYA GOVERNMENT FOR HOUSING PROJECT

Posted on January 17, 2018 by Gambeta News

Kenya government partners with 35 private firms to construction one million houses by 2023 to increase its housing unit by reducing corporate tax. The fund that is been set aside by the government is for the construction of one million houses before 2023 after securing a partnership with 35 private firms. The project is expected to help the housing sector affordable in the nation according to President Uhuru Kenyatta’s big four action plans which is set to…

KENYA KIPCHOGE KEINO STADIUM RENOVATION TO BE COMPLETED IN THREE MONTHS

Posted on January 16, 2018 by Gambeta News

Kenya government set deadline for the renovation of kipchoge keino stadium after a tour of the sports facility by officials. The renovation is been carried-out after the country decided the project must still be done even after the hosting right of the 2018 African Nations Championship were taken from Kenya and given to Morocco. The company behind the renovation is Weihai International Economic &Technical Cooperative Co., Ltd (WIETC) which has stated that the project is currently at 90% and…

AVIC INTERNATIONAL SET TO CONSTRUCT US$ 97M COMPLEX IN KENYA

Posted on January 15, 2018 by Gambeta News

Avic international to construct a complex that will have the largest commercial consumer of electricity in Kenya. Chinese State-owned manufacturing and real estate firm AVIC International is set to construct a complex worth US$ 97m in Kenya that will be the nation largest commercial consumer of electricity. The 43-storey complex in Nairobi’s Westlands area is expected to use more power than the combined demand for Two Rivers and Garden City malls in Nairobi when completed. According to an official…

CYTONN INVESTMENT TO SPEND US $60M ON REAL ESTATE PROJECT IN KENYA

Posted on January 15, 2018January 15, 2018 by Gambeta News

Cytonn investment set to fund real estate project in central Kenya. Cytonn Investments Management Limited is a private equity investment company, based in Kenya is set to construct a US $60m real estate project in the central part of Kenya. The real estate project will make the company expand its operation in the country after an office was opened in Nyeri town to help in the development plans. According to a statement by the company, “Cytonn Investments Management…

FUNGUO INVESTMENT SET TO CONSTRUCT RESIDENTIAL DEVELOPMENT

Posted on December 12, 2017 by Gambeta News

US$ 4m Residential development to be constructed in kenya by funguo investment. The construction of the residential development which is worth US$ 4m is expected to target the middle class community in the area. The project is to have a sale of developments that will include students housing and industrial real estate in Kenya. Funguo Investments Chief Executive Officer, Mr. Kenneth Muchina; “Our investment in real estate is focused on mid-sized deals, to serve the middle…

KENYA TO DEEPEN TRADE TIES WITH NAMIBIA, RWANDA AND ZAMBIA

Posted on November 29, 2017 by Gambeta News

Newly elected Kenyan President, Uhuru Kenyatta seeking to strengthen trade ties with Namibia, Rwanda and Zambia. Speaking after his official inauguration on Tuesday, November 28th, 2017, Kenyan President, Uhuru Kenyatta who held bilateral talks with Presidents of Namibia, Rwanda and Zambia, said he plans to boost inter-regional relations with the three States. Kenya have already existing trade ties with Tanzania and Uganda, as they are major export destinations for the East African nation. Although being a power house in the tea export…

CONTRACT FOR US$582m THAKWE MULTI-PURPOSE DAM HAVE BEEN SIGNED

Posted on November 22, 2017 by Gambeta News

Kenya Government signs US$582m contract for construction of Thakwe multi-purpose dam. The county governments of Makueni and Kitui in Kenya have signed a US$582m contract with China Gezhouba Group Company to construct the Thwake Multi-Purpose Dam. Thakwe Dam which is currently the largest project of its kind in East Africa, will commence in 3 months time and will provide clean water to over 1.3 million people as it will store over 150,000 cubic meters of water, some of…

ROAD AUTHORITY COMPLEX IN NAIROBI 40% COMPLETE

Posted on November 17, 2017 by Gambeta News

Kenya government and world bank joint funds to build a road authority office complex in the state capital. The complex which is worth US $30m is a joint funding by the Kenya government and World Bank and is currently been developed by Chinese firm-Aviation Industry Corporation of China (AVIC). The office complex which sits on a nine-acre piece of land in Embakasi near the Jomo Kenyatta International Airport (JKIA) will occupies a gross floor area…

NAIROBI WATER SUPPLY TO BE BOOST BY TUNNEL CONSTRUCTION

Posted on November 17, 2017 by Gambeta News

Northern water collector tunnels currently undergoing is expected to increase supply of water after construction. The tunnel construction tag ”Northern Water Collector tunnel” is to collect water whereby increasing Nairobi water supply by 140m litres. The construction of the tunnel is worth US $65.28m and will be completed next year. The Northern Water Collector tunnel is in line with Kenya Vision 2030 which is to ensure improvement on water services in Nairobi, Kiambu and Muranga…

KENYA TO PUT TOLL GATES ON FIVE HIGHWAYS FROM 2018

Posted on November 16, 2017 by Gambeta News

Kenya to Introduce toll stations on five of its Highways from 2018. From 2018 Kenya is planning to introduce toll stations on five (5) of its highways which will have motorists paying between US $0.01 to US $0.03 per kilometre for the next 30 years. The Director-General of Kenya National Highways Authority (KeNHA), Mr. Peter Mundinia, during an Investor briefing in Nairobi said that some of the highways would first have to be upgraded by private investors who…

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