Kenya News Archives - Page 6 of 17

30Oct

By Baker McKenzieNo Comments

Africa: Energy transition policies and regulatory developments light up across the continent

Across the continent, countries in Africa are gearing up for the energy transition by implementing policy and legislative frameworks that take into account the energy crisis and the need for a renewable, decarbonized, decentralized energy supply that addresses climate change and the commitments made under the Paris Agreement. Ahead of the United Nations Climate Change Conference, COP 27, in Egypt in November this year, lawyers in Egypt, Ghana, Kenya, Morocco, Namibia, Nigeria, South Africa, Tanzania and Uganda have outlined the efforts taken by the governments in their countries to address this urgent need to harness renewable power. Such efforts are expected to provide exciting opportunities for investors in the African energy sector. Egypt Lamyaa Gadelhak, Baker McKenzie Cairo Partner ...

7Oct

By Africa BusinessNo Comments

Kenya News, Nigeria News, South Africa News, Tech

E-commerce app marketers are spending billions of dollars on user acquisition, according to a new report from AppsFlyer

AppsFlyer, the global marketing measurement leader, has released the 2022 edition of its State of eCommerce App Marketing report. Within the report, AppsFlyer outlines key global trends, guiding marketers in building a mobile-first experience that will drive engagement and sales for the upcoming holiday season. Following the past few years of significant e-commerce growth resulting from the Covid-19 pandemic, e-commerce in general and app marketing, in particular, have entered into a natural slowdown. In 2022, e-commerce is no longer attracting the same volume of new users, and rising prices are starting to take their toll on marketing budgets and planning. Heading into the holiday season marked by an economic downturn, supply disruptions, and continuing privacy changes and data restricti...

5Sep

By Africa BusinessNo Comments

Agriculture, Kenya News, Tech

Cross-sector innovation presents solutions to combat Kenya’s long-standing False Codling Moth challenge

False Codling Moth (FCM), also known as Thaumatotibia leucotreta is currently causing havoc in various chilli farms in Kenya, eating into the farmers’ profits [1]. It has also emerged as a major constraint to the production of horticultural crops in the country and is currently the leading cause of interceptions of Capsicum and cut flowers exported to the European Union [2]. This has a huge knock-on effect on the country’s economy as it is highly dependent on the agricultural sector. In an effort to remedy the FCM challenge faced by thousands of Kenyan farmers the Innovation Exchange (iX) challenge competition, delivered by Innovate UK KTN Global Alliance Africa supported Flamingo Horticulture International, which grows chillies within the several regions in Kenya, to identify innovative ...

Hospitality And Tourism Sectors Most Optimistic In The Latest Kepsa Ceo Confidence Index

4Aug

By Africa BusinessNo Comments

Business, Kenya News

Hospitality And Tourism Sectors Most Optimistic In The Latest Kepsa Ceo Confidence Index

The Kenya Private Sector Alliance (KEPSA) introduced the CEOs Business Confidence Index Report 2022 showing that most business executives expect a stable economy after elections, to support higher industry business growth. With the current CEOs Business Confidence Index standing at 61 points overall, the business executives also expressed optimism to hire additional full-time employees in the next six months, which will translate to increased business operations. “This sentiment is reported against the backdrop of the ongoing war in Ukraine that has disrupted global value chains resulting in price increases in fuel, wheat, and fertilizer, which are critical inputs for Kenya’s manufacturing and agriculture sector, coupled with the rise in inflation globally,” said KEPSA CEO Carole Kar...

27Jul

By Virusha SubbanNo Comments

African News, Kenya News

Kenya: Shared prosperity – the United States and Kenya sign Strategic Trade and Investment Partnership

By Virusha Subban, Partner specialising in Customs and Trade, Head of Tax, Baker McKenzie Johannesburg The United States-Kenya Strategic Trade and Investment Partnership (STIP) was signed on 14 July 2022. The agreement outlines the enhanced engagement and high standard of commitment between the two countries, and focuses on increased investment and sustainable and inclusive growth that will be of benefit to both countries' citizens and businesses. The agreement also includes the intention to support regional economic integration in East Africa. A year ago, in July 2021, the United States (US) administration announced that it would renew its Prosper Africa initiative, to increase reciprocal trade and investment between the US and African countries. At that time, the US noted that the ini...

4Jul

By Jana BothaNo Comments

Ghana News, Kenya News, Main, Namibia News, Nigeria News, South Africa News, Tanzania News, Zambia News, Zimbabwe News

Indirect tax developments in Sub-Saharan Africa

By Jana Botha, VAT Consultant, Baker McKenzie Johannesburg There have been significant developments in indirect tax within Sub-Saharan Africa (SSA) in the past year. The vast majority of developments have been based around VAT amendments and policies, as well as general budget updates for 2022 across SSA. This article includes key developments from Ghana, Kenya, Namibia, Nigeria, South Africa, Tanzania, Zambia and Zimbabwe. Ghana The Parliament of Ghana passed the Value Added Tax (Amendment) Act, 2021 (Act 1072) to bring VAT proposals into effect. The Amendment Act came into force 1 January, 2022. The policy includes a revision of the VAT flat rate scheme (VFRS). Act 1072 has now revised the application of VFRS to only cover retailers of goods where the value of taxable supply is betw...

26Jun

By Africa BusinessNo Comments

Energy, Kenya News

Global Alliance Africa collaborates with Energy Catalyst to introduce Kenya’s local energy ecosystem to opportunities within the UK.

Kenya has a long and generally successful track record of private sector participation in the energy sector. Like other African countries, affected by climate change, Kenya also experienced abnormally high rainfall, resulting in flooding that threatens food security in five counties. Tana River, Kisumu, Busia, Homa Bay and Migori counties are now depending on humanitarian aid after the ongoing heavy rains and floods that swept over 4,700 acres of land4. Solutions to catch Africa up with the rest of the world should be nurtured to prepare the continent for exponential growth. For this reason, Innovate UK, in partnership with Global Alliance Africa, a project delivered by Innovate UK KTN, will be hosting Energy Catalyst’s launch and brokerage event in Kenya, with the purpose to help early-t...

Collaboration, Not Competition: The Role of Peer-Learning in a Circular Economy

16Jun

By Ebenezer AmadiNo Comments

Agriculture, Kenya News

Collaboration, Not Competition: The Role of Peer-Learning in a Circular Economy

A group of smallholder farmers from Kericho paid a visit to their counterparts in Meru at the instigation of their local farmers’ association. That was some five years ago. While the trip was fun and adventurous, some of them wondered why so much money and time was being ‘wasted’ yet they could be taught the things they were going to learn right at home. Hearing the murmurs as the bus meandered towards Nakuru, a young woman spoke up. “My parents, as a community, we have our own ways and we have our comfort zones. Some of our ways have worked, others need to be improved so that we and our children after us can prosper and not become beggars.” She continued, “some of the ways of the people we are going to visit, might be what we need to infuse into our ways to achieve this objective. Besid...

12May

By MadelienNo Comments

Forex, Kenya News

How to choose a forex broker in Kenya

If you are a Forex trader in Kenya, you will probably have come across plenty of Forex brokers vying for your business. Forex brokers in Kenya are increasing in number by the day, but knowing which one to sign up with can be a daunting prospect for new traders. In this article, we provide the definitive guide to selecting a Forex broker in Kenya, which will provide you with a secure and competitive trading environment complemented by a wealth of trading resources and support. 1. Check the broker’s regulatory status Forex brokers in Kenya fall under the regulatory oversight of the CMA. A broker's membership in the CMA or adherence to financial regulations is not assured simply because the broker has a snazzy website. In the "About Us" section of a broker's website, the CMA member num...

11May

By Africa BusinessNo Comments

Ethiopia News, Ghana News, Kenya News, Main, Mauritius News, Mozambique News, Namibia News, Nigeria News, South Africa News

The rapid rate of competition law developments across Africa

By Lerisha Naidu, Partner, Angelo Tzarevski, Associate Director, Sphesihle Nxumalo, Associate and Zareenah Rasool, Associate, Competition & Antitrust Practice, Baker McKenzie Johannesburg Baker McKenzie's latest Africa Competition Report 2022 provides a detailed analysis and overview of recent developments in competition law enforcement and competition policy in 32 African jurisdictions and regional bodies. The Report outlines how, over the past two years, African competition regulators have actively engaged in efforts to address pandemic-related challenges, but there has also been a general upward trend in competition policy enforcement across the continent. This trend is highlighted by a number of significant recent developments in competition law regulation across the continent. Co...