NAIROBI,Kenya – Kenya will need to increase investment in the agricultural sector if it is to meet the demands of the fast growing population and the aspiration of its Vision 2030. One of the goals of the Vision 2030 is to ensure that Kenya is food sufficient and produces in surplus by the year 2030. […]
Tag: NAIROBI
Chinese to pay 85%of Kenya railway
NAIROBI, Kenya – Export-Import Bank of China is paying 85% of the costs of the proposed standard gauge railway Kenya is building. Speaking last week before a parliamentary committee. Treasury Secretary, Henry Rotich said, the project will cost about $5 billion. He clarified that the remaining $1.6 billion will be provided through a commercial loan […]
Kenya to roll out new link
NAIROBI, Kenya – The one-stop shop for lodging import and export documents which has been undergoing piloting for three months will will be rolled out fully from February 1. The roll-out of the Kenya National Electronic Single Window System, also called Kenya TradeNet, is being implemented by state agency Kentrade and aims to transition Kenya […]
Cashless Cities’ could yield 3% average GDP growth
Nairobi, Kenya–Relying more on electronic payments, such as cards and mobile payments, could yield a net benefit of up to U.S. $470 billion per year across 100 cities around the world – roughly the equivalent to 3% of the average GDP for these cities. These are the findings of an independent study conducted by Roubini […]
Digital credit scoring way to more affordable microloans in EAC
NAIROBI, Kenya– More than 2.5 billion people around the world, many of them in Africa, lack formal identification that enables them access to financial and government services, this is according to the United Nations and the ID2020 project. What’s more, less than 10% of adults in low and middle-income countries are on file in public […]
Kenyan Cabinet approves ratification of Africa free trade treaty
NAIROBI, Kenya—The Kenyan Cabinet today approved the Africa Continental Free Trade (AfCFTA) treaty for ratification. In a press, President Uhuru Kenyatta said the Bill for ratifying the treaty, which was signed in Kigali, Rwanda, by 44 African nations, will be presented to Parliament within the next few days following its approval by Cabinet in its […]