Month: July 2019

The premier global event for coffee, tea and chocolate enthusiasts, the Coffee, Tea and Chocolate Festival (CTC Festival) is set to be held in Kenya this year.

Dubbed The Journey of Taste, the festival to be held in March 2019 in Nairobi, celebrates in one location the burgeoning of speciality coffees, ergonomic tea selection and chocolate lifecycle.

It is expected to bring more than 40,000 people together in one venue to explore private training, innovation labs, interactive workshops and live stage shows among many other activities.

World Barista Champions, producers

Kenya is the first African country to host this world-class festival.

“We are excited to be showcasing to local, regional and global players and visitors, the variety that is offered by Kenya, in terms of coffee and tea,” says Obed Mutua, General Manager of Four and One Worldwide Kenya.

He added, “Participants will get the chance to meet world Barista …

World Bank Vice President for Africa Hafez Ghanem has assured of the Bretton Woods institution’s support for Kenya’s Big 4 development blueprint which drives the government’s development agenda.

Ghanem has singled out the provision of affordable healthcare as an area that his organization is keen on collaborating with the government to ensure its success.

READ ALSO:Boost for Kenya’s Big 4 as World Bank extends US$250 million

“The World Bank is committed to supporting Kenya in advancing the Big 4 Agenda both in technical and financial cooperation,” Mr Ghanem said.

The World Bank VP was speaking when he paid a courtesy call on President Uhuru Kenyatta at State House, Nairobi.

President Kenyatta praised the collaboration between his administration and the World Bank, saying the partnership has seen implementation of projects that have impacted positively on the lives of Kenyans.

READ:World Bank gives Kenya US$750M loan, but why?

President Kenyatta …

The Kenyan economy is projected to grow by 5.8 per cent on average in 2019, according to GDP projections from 16 research houses, global agencies, and government organizations that were tracked during the half-year period to June.

This will be driven by among others, growth in the agriculture sector, implementation of the Big 4 Agenda projects by the government, and recovery in the business environment evidenced by the Stanbic Bank Monthly Purchasing Managers’ Index (PMI), which rose to 51.3 in May 2019 from 49.3 recorded in April, an indication of improving business conditions.

Among firms that have projected the growth includes Cytonn Investment which had foreseen a 5.8 per cent growth in H1’2019 and a similar growth in the second half of the year.

“Cytonn maintains a positive outlook for the macroeconomic environment in Kenya in their H1’2019 review, with expectations of strong economic performance with a GDP growth of …

Global manufacturer and provider of solar power products–d.light has announced a US$18 million investment from a consortium of lenders, targeted for the African market.

The investment is focused on the renewable energy space including; two responsAbility-managed funds, SunFunder, DWM and SIMA.

The financing will be used to further grow d.light’s operations across Africa, the company has announced.

d.light has already brought solar power to nearly 100 million people without access to reliable electricity since 2007 using pay-as-you-go financing solutions and generating 171 GWh of renewable energy in the process.

The additional funding will enable the company to expand its product line, enter new markets and reach even more customers, all of which will drive the company’s mission of making clean energy products universally available and affordable, the management said.

“The investment underpins the catalytic role of the company in making available clean, reliable solar energy solutions through the pay-as-you-go business …