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Browsing: Kenya
Launched as a cornerstone of Vision 2030, Jomo Kenya International Airport’s (JKIA) Terminal 3 project, dubbed the “Greenfield Terminal”, had initially set hopes high. With a projected cost of US$650 million, the project aimed to augment the airport’s capacity by 20 million passengers. However, this dream was short-lived as the project, which commenced in 2014, abruptly stopped two years later.
Africa is the new battlefront where Russia and the US are vying for prominence. The battle is not new. During…
Competition in the remittance space has intensified with the entry of new players as the race for a share of the annual $95.6 billion in cross-border remittances flowing into Africa heats up. Airtel Africa has partnered with MasterCard to unveil a new service for cross-border remittances. Their deal will see customers in Kenya and 14 other African nations become the first beneficiaries of the service.
Airtel Africa and MasterCard will provide a seamless digital experience for consumers, connecting them with millions of peers worldwide. With a mushrooming diaspora community, remittances are now the largest source of forex in many African economies.
New survey shows the average cost of school fees and educating a child in Kenya has increased to $484. Rising…
Nigeria received $1.2 billion in 2022 to fund and support fintech-based startups. South Africa led in electronic bank transfers, with…
In Kenya, political protests accelerated the downturn, leading to a sharp dip in output that was the fastest since August…
Initiative comes as players prepare for a significant tourism boom this year. Kenya’s tourism is picking up from a strong…
AfDB projects mid-term economic growth across EAC will accelerate to 5.1% in 2023 and 5.8% in 2024. This will be…
Kenya is putting together incentives that could help mobilize Foreign Direct Investments in upstream oil activities. The latest developments add…
To unlock Kenya’s potential, the government acknowledges the need to address legal challenges hindering job creation in the digital sector.…