A sneak peak of the ongoing construction of the Isiolo Airport. The administration block has a floor area of 1025 sq.m & a passenger terminal car park for upto 200 cars #V2030inatendeka ... See MoreSee Less
Today we are glad to announce the completion of the Isiolo 2.3km runway that will make the region more accessible as there will be direct flights...Good morning Kenya #V2030inatendeka ... See MoreSee Less
Vision 2030 Delivery Secretariat is painting a rosy picture for Kenya’s farmers with expected injection of 150,000 Metric Tons of NPK fertilizer into the market by next year. This comes on the heels of a Shs. 103 billion ($1 billion) first phase of the fertilizer plant opening in Eldoret, Uasin Gishu County.
Mooted under the Vision 2030’s Fertilizer Cost Reduction Strategy, the plant is a public-private partnership between government and Toyota Tsusho East Africa to streamline manufacturing, supply and distribution of the vital farm input.
According to Vision 2030 Delivery Secretariat Ag. Director Prof. Gituro Wainaina, Uasin Gishu County farmers are set to enjoy quality competitively priced fertilizers with a factory located at the country’s biggest fertilizer market.
“We expect the cost of production to drastically reduce upon the completion of the local plant. It is valued that 40 per cent of the cost of fertilizer is due to freight and port handling charges,” said Prof. Wainaina.
He was speaking during a courtesy call to Uasin Gishu County Government ahead of the launch of the Toyota Tsusho backed fertilizer plant to be launched by Deputy President William Ruto.
Insert: Deputy President William Ruto commissions the Toyota Tshusho fertilizer plant in Uasin Gishu County on Friday. ... See MoreSee Less
Construction of the Lamu port under #LAPSSET will transform Lamu into an international port handling over 24 Million tonnes of cargo. It is expected to reduce congestion at Mombasa and increase inter-regional trade all under Kenya’s vision 2030. #V2030Inatendeka
Insert :The new Kenya Ports Authority container terminal at Mombasa ... See MoreSee Less
China Road and Bridge Corporation (CRBC) is set to ship in 10 locomotives next month to be used in laying the track of the Standard Gauge Railway (SGR). This is two months before the actual laying of the rail starts in November as the Chinese contractor races to beat the June 2017 deadline set by the government. ... See MoreSee Less
According to AVIC International, the competition seeks to empower students in Technical Training Institutions (TTIs) by upgrading their skills to enable them get quality jobs or become entrepreneurs. This move intends to impart new ideas in the Kenyan trade sector through a youthful outfit. ... See MoreSee Less
A Chinese firm AVIC International has launched the second sponsorship season under the Africa Tech Challenge for students in technical institutions in Kenya aimed at upgrading their skills.
This Chinese firm will conduct selections in counties to identify bright students who will be sponsored for further education in China. AVIC will organise the selection in collaboration with the Ministry of Education Science and Technology. ... See MoreSee Less
Kenya Tea Development Agency (KTDA) is seeking to cut energy costs with the ground-breaking of four hydro power projects. The projects in Lower Nyamindi, South Mara, Iraru and North Mathioya are all set to provide an alternative cheaper source of energy for KTDA-managed tea factories in the country. The commissioning is in line with KTDA’s long-term strategy to ensure that tea-growing regions have access to alternative renewable forms of energy that will reduce operational costs in factories and create a new income stream for tea farmers. ... See MoreSee Less
A multi-million shilling Naivasha biogas power project is set to inject an additional 2.2 megawatts into the national grid on completion.
The Sh765 million Anaerobic Digester plant launched last week is part of the Gorge Farm Energy Park. The construction of a further 10-megawatt solar generation plant is also expected to begin next year.
Speaking at the plant’s commissioning last week, Tropical Power managing director Johnnie McMillan said 50 per cent of the power produced would be sold to the Gorge Farm, and the rest to Kenya Power. ... See MoreSee Less
Prof.Wainaina said the LAPSSET Corridor represented an investor ready project for Japan, creating a mutual benefit by bringing together capital and know-how from both countries.
“Kenya has taken up to construct the 3 berths of the Lamu Port at a cost of. The remaining 29 berths offer massive opportunities for local and foreign private sector partnership investment,” he said.
The seven key infrastructure project components of the LAPSSET Corridor Program are estimated at Kshs. 2,4 trillion ($24.5 billion) in construction costs.
Japan is currently developing Mombasa Port’s berth 20. Kenya has held discussions with Japan on fast-track berth number 21 and 22 in its bid to develop a strategic seaport of the East and Central African region. ... See MoreSee Less
Kenya is angling for an increased share of the Kshs.3.2 trillion ($32 billion) purse set aside by Japan for investment and development assistance to Africa.
In a trade meeting with a Japanese delegation to Kenya, the Vision 2030 Delivery Secretariat asked Japanese investors to exploit Kenya’s investment vehicles to tap into Kenya’s immediate needs for intermodal transport infrastructure and energy.
According to the Secretariat’s Ag. Director General Prof. Gituro Wainaina, Kenya’s energy and transport will earn the Asian giant, high project returns expected of mega-projects in Africa.
“The bankable projects within these sectors are economically viable and estimated to inject between 2-3 percent of GDP to the economy. They will further yield a substantial 5-8 percent of the country’s GDP through attracted and generated investments,” said Prof. Wainaina. ... See MoreSee Less
The Isiolo resort city by design sits on 6,000 acres between two hills on the Kipsing Gap.The city will border an artificial lake, Lewa conservancy, the Samburu game reserve and Isiolo old town. #LAPSSET ... See MoreSee Less
Construction of the proposed resort cities in Isiolo & Lake Turkana region has finally been given the green light. The realization and implementation of the Isiolo resort city was initiated three years ago by the former president of Kenya Hon. Mwai Kibaki ... See MoreSee Less
Qatar-based Doha Bank Group is planning to enter the Kenyan market as its gateway to expanding across the African continent.
In a meeting with officials of the Kenya Private Sector Alliance (Kepsa), Doha Bank Group chief executive, Dr Raghavan Seetharaman, said the lender is seeking to expand its operations in Africa by leveraging on Kenya as a key financial hub.
Its focus would be to offer low-cost capital lending to small and medium enterprises (SMEs) and for infrastructure development through partnerships with local financial institutions.
“What we hope to do is to partner with local banks to offer affordable cost-effective credit facilities. For a country whose inflation is at about 6 per cent, it is not logical to have lending rates above 15 per cent. We can structure loans below 10 per cent and even as low as 8 per cent. This would do wonders for your SMEs, which can then scale up to the mutual benefit of our economies,” Dr Seetharaman said. ... See MoreSee Less
Kenya will establish a college to train youths in irrigation, Water secretary Eugene Wamalwa has said. The institution to be financed by Sh2.8 billion advanced by the Israeli government would help build a pool of professionals to run the country’s irrigation activities, he said.
“There is a need for the country to have its own irrigation experts to provide manpower at the Galana-Kulalu project and other projects,” said Mr Wamalwa. ... See MoreSee Less
An Israeli firm contracted to develop a 10,000-acre model farm at the Galana-Kulalu irrigation scheme will complete its work in March 2016, opening part of the one-million-acre scheme to farmers. The firm won the Sh14 billion contract to develop the model farm to be used as a demonstration block for the entire scheme. ... See MoreSee Less