Chinese construction giant picks Nairobi for Africa offices

[MK254]

Kenya’s high appetite for large infrastructure projects has attracted a Chinese power construction firm to set up a regional base in Nairobi.

PowerChina is set to announce the inauguration of its East and southern Africa regional headquarters in Nairobi next week, making it the latest multinational to choose Nairobi as a regional base.

The firm’s country manager, Zha Rui, Thursday said Nairobi was chosen due to its travel convenience as well as the country’s plans for huge infrastructure projects, creating a potential for future business for the firm.

“Ideally the headquarters would have been in South Africa, but Kenya has easier visa access as well as good climate and safety for us. We felt that the regional headquarters is important to speed up our decision making in the region as well,” Mr Rui said.

The firm said it was still scouting for land where the headquarters will be built with the project expected to take shape the next three years.

The headquarters will cover 26 countries in eastern and southern Africa, including Ethiopia, Kenya, Angola, Uganda, Zimbabwe, Zambia, Tanzania and South Africa

PowerChina, which earned Sh5 trillion in 2016 in revenues, provides comprehensive and full-range of services from planning, investigation, designing, consulting, civil works construction to manufacturing services in the fields of hydropower, thermal power, new energy and infrastructure.

The firm is set to build the 981-megawatt Lamu coal power plant, which recently got the green light from the Energy Regulatory Commission.

The move to set up a regional base in Nairobi completes the Chinese firm’s consolidation of its international business in East and Southern Africa region.

The firm’s subsidiary, Sinohydro Corporation, has already undertaken several projects in the country including the Thika Road upgrade (lot 2), Emali-Oloitokitok Road and the and the Nzoia Water Supply System among others.

One-lane route

The Sinohydro Bureau is also undertaking the Kenya 192 Village Road project which is part of Power china’s "10,000km Road Construction Plan" from Bomet to Kericho.

The project with a total construction length of 63 kilometres, consists of a bidirectional one-lane route with a width of six meters plus a meter for a shoulder on each side.

The Power Construction Corporation of China was founded in September 2011 and has an annual capacity 15,000 megawatts of installation of turbine-generator units, one-million-tonne of metal fabrication works, five-million cubic metres of foundation grouting as well as 540,000 cubic meters of construction of impervious walls, according to the company’s profile.

By the end of January 2016, the firm had total assets of USD 77.1 billion ranking 200th in the Fortune Global 500 list of companies.

Chinese construction giant picks Nairobi for Africa offices

 

[saadeque]

tutaelewana tu mwaka huu....mwendo ni wa kuburuza kina Fulani wenye roho za kwanini

 

[rutoryo]

Akina nani mkuu wataje

 

[Depay]

Mpaka kieleweke. When somebody says Nairobi is a financial Centre.,,,, someone should stand and salute.

 

[passive]

So what?

 

[saadeque]

So what?

it means job opportunities are created for Kenyans a$$hole.....nkt

 

[Tabutupu]

Kenya is moving, wakati wengine wanatafuta sifa za kijinga sijui mji msafi, mji wa amani wakati wanajeshi wametapakaa kila baada ya hatua 10.

 

[Jay456watt]

Thats awesome...Kenya is strategically located in Africa...they used to go south to SA but SA is far away from most african nations.....Kenya is in the middle and unlike Uganda and Chad it has a port.....it is just a matter of time before they start coming here instead of SA...

 

[Jay456watt]

Mpaka kieleweke. When somebody says Nairobi is a financial Centre.,,,, someone should stand and salute.

 

[LangatKipro]

Kenya's strategic position in Africa will give it a upper hand above many countries. First Kenya is centered which makes it easier to fly by the use of JKIA to all countries in Africa. Second Kenya has two sea ports Mombasa and Lamu (under construction) which makes it easier to import and export goods and access many nations from this port such as Uganda, south sudan, ethiopia, nothern tanzania, rwanda, burundi, drc and many others. Thirdly the infrastructure of Kenya; roads, airports, railway and telecommunications is highly developed as compared to its immediate neighbors.In addition Kenya has one of the best human resource capital in Africa, in fact it is ranked as the best. Kenya's middle class is also on the rise and this forms a good purchasing population needed by many companies. Kenya has also many infrastructure projects being developed such lappset corridor development, konza city, standard gauge, mombasa free port, road expansion and modernization, and many others which will be regional game changers. That is why I can certainly predict that Nairobi will be the future capital of Africa judging by the number of multinationals which will setup headquarters in Africa. I do not see any other city in Africa which is going to give competition Nairobi as far as being headquarters of global companies is concerned. In addition, the strategic position of Kenya in the African continent will ensure that the port of Mombas will grow and remain the port to beat in Africa continent because it can serve many countries such as Kenya, northern Tanzania, Ethiopia, Uganda, South Sudan, Rwanda, Burundi, Congo Drc unlike other African ports such as Durban, Lagos, Djibouti, Cairo, or even Dar es Salaam since this countries do not have geographical advantage. they are located close to countries which have access to sea ports. So long as Kenya, maintain economic stability in the long run, Kenya's economy is going to be an economy to watch in Africa

 

[LangatKipro]

Take a look at this
Kenya Ranked 4th Most Influential Country In Africa; Beats Resource-Rich Countries | Strategic intelligence Briefs
Kenya Ranked 4th Most Influential Country In Africa; Beats Resource-Rich Countries
Kenya Ranked 4th Most Influential Country In Africa; Beats Resource-Rich Countries
Beth Muthoni

ShareTweetPinMail

Highlights:

December rankings place Kenya on the Top Five list of Africa’s most influential countries. The ranking review all aspects of the country’s influential stronghold ranging from infrastructure, education level, and global placement economically among other socio-economic aspects.

Assessment and Analysis:

Recent rankings conducted in December place Kenya 4th on the list of Africa’s most influential countries. The East African country came a close fourth after South Africa, Ethiopia and Egypt. The OSINT rankings place Kenya as the country with the most educated population making it a major human resource capital powerhouse in the continent.

Kenya’s infrastructure development is fast catching up with oil and mineral rich Arab countries and South Africa attributed to the rigorous efforts to achieve the country’s Vision 2030.

The Kenyan government has laid specific emphasis in the education sector with both free primary and secondary education supported by affordable tertiary and university education making it the country with the best human resource capital. Kenyan professionals hold very high and powerful positions in companies across the continent.

Kenya’s Humanitarian efforts has lifted her status to be voted as one of the best places to live in the world doubled with the ‘good neighborliness’ exhibited by the number of refugees hosted in Kenyan camps from her war-torn neighbors.

Kenya is also the continent’s ICT hub with plans to build Africa’s Silicon Valley at Konza City already underway. Additionally the country is looking to construct a space programme that will help survey its borders making one of the few countries with a space station in space with all of them being Western countries.

Conclusion and Forecast:

Kenya has established her position in the African continent as a very influential country especially in the way of improving the lives of her citizenry with modern infrastructure, quality and affordable education equipping her human resource capital with worthy skills to work both domestically and abroad.

Despite the East African country not being resource-rich, the country has harnessed the available resource to improve the living standards and improve the economy increasing the country’s output that fund development projects.

Kenya’s efforts and conducive business environment has attracted investors both local and international and in so doing pushing her development global ranking that stands at one of the fastest growing economies in the world.

 

[LangatKipro]

I think even this video explains a lot about Kenya
South Africa vs Kenya! Battle of the Emerging Markets... - YouTube

 

[Jay456watt]

Take a look at this
Kenya Ranked 4th Most Influential Country In Africa; Beats Resource-Rich Countries | Strategic intelligence Briefs
Kenya Ranked 4th Most Influential Country In Africa; Beats Resource-Rich Countries
Kenya Ranked 4th Most Influential Country In Africa; Beats Resource-Rich Countries
Beth Muthoni

ShareTweetPinMail

Highlights:

December rankings place Kenya on the Top Five list of Africa’s most influential countries. The ranking review all aspects of the country’s influential stronghold ranging from infrastructure, education level, and global placement economically among other socio-economic aspects.

Assessment and Analysis:

Recent rankings conducted in December place Kenya 4th on the list of Africa’s most influential countries. The East African country came a close fourth after South Africa, Ethiopia and Egypt. The OSINT rankings place Kenya as the country with the most educated population making it a major human resource capital powerhouse in the continent.

Kenya’s infrastructure development is fast catching up with oil and mineral rich Arab countries and South Africa attributed to the rigorous efforts to achieve the country’s Vision 2030.

The Kenyan government has laid specific emphasis in the education sector with both free primary and secondary education supported by affordable tertiary and university education making it the country with the best human resource capital. Kenyan professionals hold very high and powerful positions in companies across the continent.

Kenya’s Humanitarian efforts has lifted her status to be voted as one of the best places to live in the world doubled with the ‘good neighborliness’ exhibited by the number of refugees hosted in Kenyan camps from her war-torn neighbors.

Kenya is also the continent’s ICT hub with plans to build Africa’s Silicon Valley at Konza City already underway. Additionally the country is looking to construct a space programme that will help survey its borders making one of the few countries with a space station in space with all of them being Western countries.

Conclusion and Forecast:

Kenya has established her position in the African continent as a very influential country especially in the way of improving the lives of her citizenry with modern infrastructure, quality and affordable education equipping her human resource capital with worthy skills to work both domestically and abroad.

Despite the East African country not being resource-rich, the country has harnessed the available resource to improve the living standards and improve the economy increasing the country’s output that fund development projects.

Kenya’s efforts and conducive business environment has attracted investors both local and international and in so doing pushing her development global ranking that stands at one of the fastest growing economies in the world.

wait a min.....how is ethiopia more influential than kenya? or is it because of AU Headquarters?

 

[Kafrican]

wait a min.....how is ethiopia more influential than kenya? or is it because of AU Headquarters?

Bienh HQ for AU comes with its parks....it means Ethiopia is the most represented country in AU by virtue of having home advantage .... Its like how ICC in Hague is influenced by Netherlands or how the UN is influenced by USA...
But Kenya too is Africas HQ for UN, but from the African continent the AU is more relevant to africans psychologically, emotionally, historically