Category Archives: Kenya News

Kenya News

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 read more

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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 read more

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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. read more

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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 read more

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Kenya: International Air Arrivals on Steady Growth Curve

Forecast urges aviation sector stakeholders to open up the skies. read more

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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 read more

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Kenya: KCB Foundation Launches Hydroponic Agriculture Project; Donates Food Aid in Marsabit County

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. read more

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Growing International Hotel Brands in the Country, a Plus for Kenyan MICE Industry

MICE industry

Radisson Blu, Upper Hill – Nairobi

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. read more

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Kenya Grounding Africa’s Economic Growth

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. read more

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