Investments & Projects

Over 300,000 Kenyans have registered for the AHP on the Boma Yangu Portal with over 25,000 active contributors. Registered members who have contributed the minimum 10 per cent of the value of the houses they are interested in, qualify for the allocation of houses.

Kenya will invest $2.26 million to build a coconut processing plant in Mtwapa in the coastal region.

Kenya has launched Africa's largest wind farm to increase its power generation capacity and achieve the country's ambitious goal of achieving 100% green energy by 2020.

It is reported that the Indian Ocean, Lake Victoria and Lake Turkana have been identified as top contenders for the establishment of Kenya's first nuclear power plant that Kenya plans to build in the next 8-10 years.

Kenya's renewable energy sector has been approved by the World Bank to provide Kenya Electricity Generating Company (KenGen) with up to $180 million in risk guarantees to attract long-term funding for its renewable energy development projects.

Beginning in 2016, Kenya and Tanzania signed an international power supply network contract linking East Africa with southern African countries.

It is reported that Luxembourg-based European Investment Bank is intended to make an increasing role to make investments in Africa.

China Communications Construction Company (CCCC) has drilled the longest railway tunnel in East Africa, the company said Monday.

The Ksh300 billion ($3 billion) Nairobi-Mombasa expressway, whose construction is set to begin in July will over 25 years generate nearly twice the money spent on the project, the American contractor Bechtel has told the Kenyan Treasury.