A consortium led by German construction firm, Thormaehlen Schweisstechnik AG is reported to have submitted a proposal to the Government in pursuit of concessioning Kenya and Uganda Railways.
The German Government through KfW has committed 36.4 million Euro for projects in water and energy sector as well as primary education and agriculture.'
Kenya and China signed, on 1 November 2004, two agreements on economic and technical co-operation and a commercial one between Safaricom and the Chinese technical investment company.
UN-Habitat has set aside over Sh1.5 billion towards the improvement and access to water and sanitation by people in five centers in Kenya that border Lake Victoria, Water and Irrigation Minister Martha Karua revealed towards the end of November 2004.
The Government of Kenya on 25 May 2005 signed a Sh 3.5 billion loan agreement with the Government of France to be used on upgrading electricity distribution and the micro-finance support scheme.
The loan covers Sh 1 billion for the micro-finance sector and Sh 2.5 billion for Nairobi-Mombasa distribution upgrade. At the same time, the government signed another Sh 60 million grant agreement providing funds for the project’s feasibility studies.
Bidco Oil Refineries Limited are investing US $160 million in an edible oil complex and oil palm plantation in Uganda. They are in partnership with some of the world’s leading companies in the industry.
Intersat Africa Limited (IAL) headquartered in Nairobi has been at the forefront of satellite communication technology in Africa for the past four years.
China will finance construction of two high voltage power lines in Kenya at a cost of $19 million. The money will be on-lent to Kenya Power & Lighting Company by the Government for financing of various power projects to improve quality of supply.
From the left are MD Eddy Njoroge, Investment Secretary Esther Koimett and Titus Mbathi, KenGen Chairman with Nairobi Stock Exchange Chairman, Jinnah Mbaru at the start of trading on 17 May 2006.
Kenya Airways on 31 May 2006 reported a 24 per cent rise in after tax profit to Sh 4.83 billion despite increased competition and historically high fuel prices in the year to 31 March 2006.
In August 2004, the Government of Kenya negotiated concessionary credit from the World Bank and other development partners namely: European Investment Bank, AFD of France and the Nordic Development Fund to finance the Energy Sector Recovery Project.
Kenya-Uganda Rail service concessionaire Rift Valley Railways (RVR) has moved a notch higher in its ongoing corporate efficiency enhancement process with the unveiling of a Kshs 114 million Information Technology framework.
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