Category Archives: Kenya News
by Dr. Rafiq Raji
Two tight opinion polls on the frontrunners of the 2017 Kenyan presidential election, just weeks prior to the 8 August vote, made it clear how potentially contentious the outcome could be. For the first time since campaigns began, one poll had the leading opposition candidate, Raila Odinga of the National Super Alliance (NASA), ahead of incumbent president, Uhuru Kenyatta of the Jubilee Party. The Infotrak Harris opinion poll conducted on 16-22 July put Mr Odinga ahead of Mr Kenyatta by one point, with the former rising in popularity to 47 percent, a 3-point gain from about 2 weeks before. Mr Odinga’s improved chances stemmed from holding on to his key support base, as well as securing new supporters from what used to be the Rift Valley and North Eastern provinces (now a couple of counties), strongholds of the ruling Jubilee Party. Another poll, that by Ipsos, taken on 2-12 July, put both leading contenders at a tie at 45 percent. The Ipsos survey was probably behind the curve considering its earlier date. Judging from how the media initially under-reported Mr Odinga’s gains, the establishment was clearly shocked.
Compelling Mozilla-backed research (www.Mozilla.org), carried out by Research ICT Africa, finds that significant barriers to internet access remains in four African countries – Rwanda, Kenya, Nigeria and South Africa. The research aims to understand, from a comparative perspective, how the citizens use the internet when data is subsidised and when it is not.
The deal will see SSP Pure Insurance deployed as a single flexible, end-to-end core insurance solution across Resolution Insurance’s operations in Kenya and Tanzania, with local account management support from the Kenyan office
Hotel development activity in Africa is still rising in the face of the continent’s economic problems, showing a 13 percent increase in 2017, according to the annual survey by W Hospitality Group, generally acknowledged as the most authoritative source on the sector’s growth.
A new case study (http://APO.af/v5Wxdm) by the United Nations-based Better Than Cash Alliance (www.BetterThanCash.org) shows how agriculture nonprofit organizationOne Acre Fund (www.OneAcreFund.org), in partnership with Citi Inclusive Finance(www.CitiInclusiveFinance.com), successfully digitized loan repayments for farmers in Kenya. This move significantly boosted transparency and efficiency, driving economic opportunity and financial inclusion for thousands of smallholder farmers and their families.
A pioneering East African audit and professional services firm is adding value to its services by automating processes and harnessing the cloud.
Winning startups receive a 10,000 EUR cash prize each and will share their insights about FinTech innovation in Africa with the global financial community during Sibos
ATI supported USD4 billion worth of trade and investments in 2016 – African countries urged to seek support from the insurer
The African Trade Insurance Agency (ATI) (www.ATI-ACA.org), held its 17th Annual General Meeting today. The sustained commodity price decline and current geopolitical uncertainties took centre stage. Meeting participants urged African governments to intently focus on growing intra-African trade and diversifying their economies away from commodity reliance in order to reduce vulnerability to external shocks. With sub-Saharan Africa’s GDP growth rates expected to hit a record low of 1.5% depressed commodity rates are seen to be one of the major drivers with export producers accounting for two-thirds of the region’s growth.
WORLD BANK INTERVIEW: Mini and off-grid electricity, especially from sources like solar, offers increasing potential to electrify homes in many rural areas of Sub-Saharan Africa”
Exclusive interview with Lucio Monari, Director, Energy and Extractive Global Practice at the World Bank. He will address the CEO Forum at the upcoming African Utility Week on a World Bank study on the “Financial Viability of Electricity Sectors in Sub-Saharan Africa”.
Connecting Africa & the International Trade Centre: Championing the Internationalisation of Tech SMEs in East Africa
Spearheading ‘trade impact for good’.
Casablanca and Nairobi rank as leading destinations for Fortune 500 companies establishing international headquarters
Overall, there was a 17% increase in the number of Fortune 500 companies in MEA in 2016 compared to 2015, with Johannesburg being the leading destination for Africa
Kenya’s economy has continued to perform well, with real GDP growth reaching 5.9 percent in the first three quarters of 2016, up from 5.6 percent in 2015
50 Kenyan companies listed in London Stock Exchange Group’s inaugural ‘Companies to Inspire Africa’ report
Collectively, Kenyan companies make up 14 per cent of the total number of companies in the report, one of the highest concentrations of high growth companies in Africa
The Sage One Payroll will be available in Kenya from 3 April – Sage One Payroll is a smart online payroll solution that can be accessed 24/7 that caters for local tax and legal requirements. It allows unlimited earnings (owed to employees) and deductions (what the employee owes). The software automatically calculates all statutory amounts – income tax, National Health Insurance Fund (NHIF), National Social Security Fund (NSSF) and any other payroll related costs – to leave employers with the correct net salary for each employee. The cloud solution integrates with Sage One Accounting, offering a complete business solution for start-up and small businesses. This was announced at the recent Sage Summit Tour for Africa & Middle East that took place in Johannesburg, South Africa.