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Kenya Economics

Kenya has been ranked position 96 out of the 138 Competitiveness Index 2016-2017 Report

Kenya has been ranked position 96 out of the 138 countries in the Global Competitiveness Index 2016-2017 Report. This shows that the country has moved up three positions from last year. Switzerland still maintains its first position. Singapore and United States are second and third  consecutively. United  Kingdom emerged position …

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Diversification of Kenyan hospitality sector

Tourism is a key sector in Kenya’s economy. It’s the second Kenya’s most important industry after agriculture. It has a larger contribution than manufacturing, mining and banking sectors.  It generates job opportunities, increase foreign exchange, business activities and improvement of infrastructure. Hospitality industry has recorded a 15.3% growth this year …

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Hilton Builds for the Future at AHIF with Its First Modular Hotel in Africa

Hilton Garden Inn Accra Liberation Road becomes landmark deal, with additional signings in Kenya and Nigeria as Hilton seeks to double its presence across the continent Hilton Worldwide (NYSE: HLT) (www.Hilton.com) has marked this year’s African Hotel Investment Forum (AHIF) with the announcement of new properties and extensions in three …

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Somalia – Statement by an IMF Mission on Somalia

An International Monetary Fund (IMF) mission led by Mohamad Elhage visited Nairobi from September 21–27 for a staff visit An International Monetary Fund (IMF) mission led by Mohamad Elhage visited Nairobi from September 21–27 for a staff visit to discuss with the Somali authorities’ recent developments, progress under the Staff-Monitored …

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