News

In a promising move towards sustainable energy solutions, AAMP Power Kenya and Southern Energy South Africa are poised to lead a transformative investment in hydro power projects along the Athi River. The proposed investment, totaling 22 million US Dollars, aims to establish two hydro power facilities in Kenya - a 4.45 MW project in Machakos County and a 2.45 MW project in Makueni County.

Today afternoon, The Cabinet Secretary, Ministry of Investments, Trade and Industry, Hon. Moses K. Kuria presided a meeting between the World Bank and the  Board of Kenya Development Corporation (KDC) where they discussed, among other things, how to fast track ongoing world bank projects in the country aimed at deepening and broadening access to capital and credit. The World Bank has partnered with KDC to scale up existing domestic capital and credit by offering over KES 20b through four projects targeting pastoralists, jobs transformation and entrepreneurship.

In a significant development, SC Johnson, a leading global consumer goods company, has initiated the pilot production of new spatial repellents in Kenya. This innovative solution aims to combat the prevalence of malaria in the country and the broader Great Lakes region. With an initial distribution of one million units, the company foresees this number growing to an impressive 20 million pieces annually.

The quest to make Mombasa the business gateway to East Africa received a major boost today following a successful port users stakeholder meeting chaired by H.E. the President Dr. William Ruto.

Various stakeholders, including shippers, transporters, exporters, importers, Parliamentary leadership, Kenya Government agencies, Uganda Government representatives and representatives from other neighbouring countries had a chance to discuss in-depth issues affecting trade and Impediments to seamless port operations.

The Kenya Shipyards is currently undergoing a significant transformation with the aim of enhancing its capacity to support the maritime industry sustainably and foster the growth of the Blue Economy. This ambitious initiative is set to enable the government to explore untapped trade and investment opportunities in ocean resources, thereby contributing to the economic growth of the country.

The recent launch of the Vijana 2 Invest masterclass in Mombasa has garnered excitement from Abubakar Hassan, the PS for Investment Promotion. The event marks a significant step in recognizing the importance of empowering the youth for a promising future. Under the initiative, young individuals are being encouraged to transition from being mere earners of wages to becoming owners of capital, fostering a culture of entrepreneurship and innovation.

PS Investment, Abubakar Hassan, recently highlighted the significance of an "Aftercare program" as a key strategy to retain investors in Kenya. The program aims to ensure a conducive investment climate and business environment, facilitating the growth and sustainability of businesses in the country.

In an impressive display of commitment to development and progress, President William Ruto recently took significant steps to boost the economy and empower communities in Kenya. Among the key initiatives, the President operationalized the county aggregation and industrial park, a move aimed at fostering economic growth and industrialization in the region.

Furthermore, his Excellency also inaugurated the County Commissioner's office, which is expected to enhance governance and administrative efficiency at the local level.

Today, an important meeting was held at the Mombasa port, chaired by a high-ranking delegation led by Captain W. Ruto, the Managing Director of Kenya Ports Authority. The gathering, which also included various shareholders from the port community, focused on crucial discussions concerning trade and logistics facilitation at the Port of Mombasa and the Northern Transport Corridor, encompassing transit countries.

In a recent development, a courtesy visit was paid to the Governor of Lamu County, Hon. Issa Timamy, by representatives from PS Investment, Abubakar Hassan, and PS Blue Economy, Ms. Betsy Njagi. The purpose of the visit was to discuss and prepare for the commissioning of Blue Economy Projects in Lamu County by H.E. the President, Dr. William Samoei Ruto.