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.
Benson Ndeta Withdraws Sh28bn Bamburi Takeover Bid
Amsons Group offered Sh23.6bn to acquire 100% of Bamburi shares.
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.
KenGen Seeks Sh590bn to Add 1,500MW to National Grid
The company has secured financial backing for a 300MW geothermal project.
Turkish Firm Begins $3bn Uganda Railway Project
Yapı Merkezi is expected to complete the 272-kilometre railway in 48 months.
Kenya Plans Underwater Museum for Shipwrecks
The facility will be the first of its kind in the sub Saharan Africa.