Category Archives: Kenya News

Kenya News

Horwath Erastus & Co Kenya builds value for clients using CaseWare

A pioneering East African audit and professional services firm is adding value to its services by automating processes and harnessing the cloud.

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Irofit Technologies, Sokowatch & Vugapay win Innotribe’s 2017 Startup Challenge for Africa

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

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ATI supported USD4 billion worth of trade and investments in 2016 – African countries urged to seek support from the insurer

(L-R) Honourable Henry Rotich, Cabinet Secretary of the National Treasury of Kenya and H.E. Patrice Talon, President of the Republic of Benin

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.

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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”.

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Connecting Africa & the International Trade Centre: Championing the Internationalisation of Tech SMEs in East Africa

Spearheading ‘trade impact for good’.

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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

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IMF Staff Concludes Visit to Kenya

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

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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

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Sage One Payroll to commence in Kenya

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.

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Kenyans abroad are the biggest senders of mobile to mobile remittances

As M-PESA turns 10, data shows 93% of WorldRemit’s money transfers to Kenya go to mobile money accounts

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