Chinese firm handed media contract in Kenya

20/07/2011 - Kenya property & investment news
Chinese firm handed media contract in Kenya

A Chinese company has been handed a contract to distribute media content in Kenya, nation.co.ke has reported.It has been confirmed that the company has acquired the licence to distribute digital broadcast signal, thereby giving it a critical role in Kenya's transition to digital broadcasting.The Procurement Appeals Tribunal dismissed an application by a consortium of local companies which challenged the award of the tender of the licence.The Nation Media Group and Royal Media, the local consortium in question, already owns a number of media brands in Kenya.Meanwhile, the African Development Bank (AfDB) has suggested that the Kenyan economy is set to grow by 5.3 per cent this year and accelerate to 5.5 per cent in 2012.A combination of trends could contribute to ensure positive prospects on the short to medium-term, the AfDB said."The enactment of the new Constitution, continued investment in infrastructure, and vibrant private sector will help the country register a growth," commented Professor Mthuli Ncube, AfDB chief economist and vice-president.