Industry News
US Firm’s Nairobi Factory to Make Cheap Building Panels
Low cost panels and building blocks will boost affordable housing in Kenya.
GreenWorld Development is in talks to build a factory in Nairobi to manufacture panels and building blocks for use in affordable housing in the country.
The US-based company has said it is in joint venture discussions with Kenya and a US renewable energy company to build the production facility in the country and is ready to sign a memorandum for the joint venture.
“This will further enhance our position in the promising East African emerging markets,” said GreenWorld CEO Leo J. Heinl.
GreenWorld already has a presence in neighbouring Uganda, and said it is hoping to replicate its home-building facilities in other East African countries.
The company which is listed on the US OTC Bulletin Board is focused on carbon emission technologies and trading, research and development in alternative and sustainable innovation, and healthcare.
Currently, demand is up for green building products and services in East Africa as more developers seek to reduce energy consumption.
Kenya Bets on South Korean Tech to Solve Housing Woes
Aluminum formwork enables faster construction with reusable molds.
State Orders Removal of Asbestos Roofs in 90 Days
Asbestos causes mesothelioma, a cancer that is difficult to treat.
Savannah Takes on Amsons with Sh25bn Bamburi Bid
Amsons recently offered Sh23.6bn to acquire 100% of Bamburi shares.
China on Brink of Sh180bn Highway Deal with Kenya
Talks are underway for China to fund a new highway and rail extension.
Work Begins on Sh11.6bn Geothermal Plant in Nakuru
The Chinese-funded Orpower 22 power plant will take 17 months to complete.
Mukuru Affordable Housing Handover Set for December
Bedsitters will rent for Sh3,200 per month on a 30-year rent-to-own plan.