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Kenya Economics

Mobile cash reduces hunger, boosts local economies in Kenya

The money is primarily transferred using the M-Pesa mobile phone-based money transfer service An innovative, mobile phone-driven cash programme has helped prevent nearly 250,000 people from slipping into severe food insecurity in drought-ravaged Kenya. The Kenya Red Cross Society (KRCS) has given monthly grants of 3,000 Kenya Shillings (about 28 …

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Kenya builds up strong manufacturing base, as EAC takes a fifth of exports

The report, commissioned by ICAEW and produced by partner and forecaster Oxford Economics, provides a snapshot of the region’s economic performance. The report focusses specifically on Kenya, Tanzania, Ethiopia, Nigeria, Ghana, Ivory Coast, South Africa and Angola. According to the report, the African continent accounted for 41% of Kenya’s exports …

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SA and Kenya Commit to Building Mutually Sustainable Relations in Pursuit of Africa Agenda 2063

The Director of Export Promotion at the dti, Ms Seema Sardha said that both Kenyan and South African business communities needed to work together towards promoting economic growth of both countries The Acting High Commissioner of South Africa in Kenya, Mr Sarel van Zyl says South African businesses have a …

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On the occasion of the ground breaking ceremony of the proposed Kabarak University Teaching Research & Referral Mission Hospital

Kabarak University is partnering with international organizations to develop a 500-bed, state-of-the-art, multi-disciplinary tertiary hospital to be located in Kabarak, Nakuru County Kabarak University is partnering with international organizations to develop a 500-bed, state-of-the-art, multi-disciplinary tertiary hospital to be located in Kabarak, Nakuru County. In addition, the project scope will …

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Youtap partners with MatchMove to deliver open-loop payments for mobile money customers in Africa and Asia

This partnership is in response to the growing demand for Mastercard companion cards connected with mobile money accounts globally Youtap (www.Youtap.com), a global provider of contactless mobile money payments and financial services software, has announced a partnership with MatchMove (www.MatchMove.com) that will provide Youtap’s customers in Africa and Asia with …

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AccorHotels signs a management agreement for the ibis Styles – Nairobi, Westlands

From left: Steven Daines- CEO AccorHotels Africa and Middle East, Olivier Granet- COO AccorHotels Africa and Middle East, Naushad Jivraj- CEO Queensway Group, Philippe Baretaud- SVP Head of Development EMEA AccorHotels, Pierre Hardy- Group Finance Director- Queensway Group, Craig Erasmus- Technical and Design Director Africa and Indian Ocean at  AccorHotels …

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Kenya opened a KShs. 327 billion Chinese-built railway, its largest infrastructure project undertaken in the country in 50 years

Kenya opens 470km (290 miles) Nairobi-Mombasa SGR railway at a cost of KShs 327 Billion Kenya’s new railway at a glance: Cost KShs. 327 Billion Funding for the 470km (290 miles) project was provided by China It took three-and-a-half years to build, using Chinese track-laying technology The line is supposed …

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