Category Archives: Kenya News
Forecast urges aviation sector stakeholders to open up the skies.
Infomineo reveals rising global interest in the Middle East Africa region from Fortune 500 companies
Overall, there was a 17% increase in the number of companies in MEA in 2016 compared to 2015, with Johannesburg being the leading destination for Africa
The KCB Foundation has launched a long-term project to grow livestock fodder using hydroponic technology in Kenya’s arid and semi-arid counties in a bid to drive up agricultural production in the regions.
Kenya has recorded steady growth in the Meetings, Conference, and Incentives industry, per a recent report by the Kenya Tourism Board (KTB). In 2016 alone, the MICE industry accounted for 13% of total international tourism arrivals; mostly consisting of business travellers. In 2015, the sector welcomed 117,630 tourists, recording a remarkable 14% increase on 2014 and marking a total contribution of 15.6%, of the total international arrivals for the year.
Located in East Africa and sharing its borders with countries including Ethiopia, South Sudan, Tanzania and Uganda, Kenya has often been referred to as the commercial “gateway” to and regional hub of East Africa. This comes as a result of the strategic importance the coastal city of Mombasa plays, which is one of the busiest ports along the East African coastline.
Kenya bursts with entrepreneurial energy, with Small & Medium Businesses contributing around 90% of GDP. In fact, Kenyans are increasingly choosing to run more than one Small & Medium Business, and many others hold down a job while running a small hustle on the side. Billy Owino, Regional Director for Sage in East Africa, shares some views on how to get it right engaging in the SME Hustle in Kenya.
Strong El Niño weather event that ended only last year and poor erratic rainfall in recent months is driving food prices high causing food insecurity in East Africa region. Local prices of maize, sorghum and other cereals are near or at record levels in swathes of Ethiopia, Kenya, Somalia, South Sudan, Uganda and the United Republic of Tanzania, according to the latest Food Price Monitoring and Analysis Bulletin (FPMA). Prices of staple cereals have doubled in some town markets within the region. According to FAO senior economist and coordinator of the Global Information and Early Warning System, Mario Zappacosta, “Sharply increasing prices are severely constraining food access for large numbers of households with alarming consequences in terms of food insecurity.”
As part of t’s global commitment to connect 40 million micro, small, and medium scale enterprises (MSMEs) to its electronic payment system by 2020, MasterCard will be rolling out its Masterpass Quick Response (QR) system in Kenya this year. The Masterpass QR is anticipated to bring smart financial inclusion to about 150,000 traders in Kenya by promoting business transaction and financial ease within the micro, small and medium, scale enterprise sector.
Otavio Veras, Researcher of the NTU-SBF Centre for African Studies
The Japan International Cooperation Agency (JICA) will participate in the training for entrepreneurs organised by EMRC on 13-14 February, ahead of the 11th edition of the Africa Finance & Investment Forum (AFIF)