Browsing: Kenya

The German company brought together leaders from around the globe for “an exchange to promote co-creation”.…

Global mobile giant Huawei has unveiled the DigiTruck project, in partnership with Belgium nonprofit organization Close the Gap, to provide digital skills training to rural and remote communities in Kenya. The DigiTruck is Huawei’s latest effort driving their digital inclusion initiative Tech4ALL.

With the rapid development of the global digital economy, the World Bank’s latest report points out that Southern Africa’s demand for digital skills in 2030 is as high as 230 million people, which is in stark contrast to the current prevailing lack of digital skills in Africa.

In Kenya, for example, despite being the ICT hub in Africa, Internet users account for less than 50% of the total population, not only because more than 75% of the population live in remote areas, lacking stable power supply, but also because many people do not realize the real value of digital skills, who have never been exposed to smartphones or …

Kenya has embarked on an aggressive campaign to grow the number of tourists visiting the country with a main focus on the US market.

This comes as the US remains the leading market source for international tourists to Kenya.

Over the weekend, the tourism ministry led by the Kenya Tourism Board (KTB) was in the US on a charm offensive mission to try and secure a bigger pie of US-Africa bound tourists.

The country took advantage of the United States (US) Travel Agents Association forum held in Chicago between September 13 and 14, to increase tourist numbers into the country.

The Association for the Promotion of Tourism to Africa (APTA) forum is the world’s largest meeting platform for travel agents. The forum normally attracts more than 200 travel agents who are committed to selling destinations in Africa.

According to KTB, participation in the forum will help position the country as …

Presidents Uhuru Kenyatta and Yoweri Museveni (Uganda) have agreed to promote sustainable peace and development along the two countries’ borders, in a latest pact signed by the two East Africa states.

The programme dubbed Cross-Border Sustainable Peace and Development seeks to end hostilities among the three neighbouring communities and enhance development in the region by promoting non-violent interactions and collaborations.

The three communities are Turkana, Pokot and Karamojong which live along the Kenya-Uganda border.

The UN-supported intervention that will be led by a ministerial committee co-chaired by Kenya and Uganda will be implemented in the region to reduce tensions resulting from access to shared resources such as water and pasture.

Speaking during the launch ceremony in Moroto town, President Kenyatta welcomed the agreement saying it will help spur development in the region which has for many years suffered unnecessary communal conflicts.

“This programme, in cooperation with the UN, is a …

The insurance industry in Kenya has recorded an increase in the premiums underwritten between April and June 2019.

The premiums underwritten during this period amounted to Ksh117.28 billion (US$1.13 billion), a 4.4 per cent increase from Ksh112.39 billion (US$1.08 billion) recorded over the same period in 2018.

READ ALSO:New ecosystem to disrupt Kenya’s insurance sector

The Insurance Regulatory Authority (IRA) has attributed this development largely to a 2.9 per cent growth recorded by the general business segment and 6.9 per cent by the long term insurance business segment.

“The increase in general business was mainly contributed by medical and motor private insurance classes of business which accounted for 66.8 per cent of the gross premium income,” IRA notes in its latest (Q2) industry report.

READ ALSO:Why Kenya’s insurance sector is “rotten”

During the same period, the claims incurred amounted to Ksh28.84 billion. This was a decrease of 1.3 …

Leading financial and environmental institutions, United Nations, multinationals and sustainability campaigners on Thursday gathered in Nairobi to hold the inaugural Africa Summit to accelerate green and sustainable finance.

The forum being spearheaded by Standard Chartered Bank is meant to reflect on challenges and the opportunities that can help deliver sustainable development for Africa.

READ ALSO:China ; Africa Development Fund in Africa exceeds $10 billion

Speaking at the opening of the inaugural Summit themed – Transforming Africa into the next Global Growth Engine– Standard Chartered Bank Kenya CEO Kariuki Ngari said sustainable finance is now recognized as one of the megatrends shaping the future of global finance.

The forum was attended by key leaders among them Kenya’s Permanent Secretary Transport, Infrastructure, Housing, Urban Development and Public Works Esther Koimett,  Secretary-General of the United Nations Conference on Trade and Development (UNCTAD) Dr. Mukhisa Kituyi and Dr. Richard Munang, Coordinator …

KCB Bank Kenya has signed a pact with Japan based giant lender Sumitomo Mitsui Banking Corporation (SMBC) to drive cross-border trade and deepen financial inclusion.

The agreement between the two largest banks in their respective regions, signed in Yokohama last week, will see the two lenders expand their financial offerings provided to clients in both East Africa and Japan, effectively enabling more cross border trade flows.

Under the deal, KCB will provide banking services—including banking accounts and cash management, trade finance, export credit agency finance and treasury related products— to customers introduced by SMBC to KCB.

“We believe that new business opportunities will arise from the rapid economic development in Kenya and therefore seek to areas of mutual partnership to support such development, utilizing the product capabilities and global and local network of both banks,” said Paul Russo, the KCB Group Director Regional Businesses during the signing ceremony on …

The Kenya Association of Manufacturers (KAM) has partnered with e-commerce players in Kenya to boost access of manufacturing SMEs to local and international markets through e-commerce.

This is in the wake of low uptake of e-commerce in Kenya despite its immense benefits.

The partnership, therefore, seeks to promote the uptake of e-commerce by SMEs to enable them to gain access to global markets and new international customers and reinventing their business models to align with changing technologies.

Speaking at the inaugural event, KAM Board Member and SME Hub Chair, Ms Ciiru Waithaka noted that the increased attention on SME growth, both at a national and global scale, points to a reckoning that the future of business hinges on their success.

“The unique and dynamic nature of SMEs in the manufacturing sector calls for an adaptive approach in developing policies and interventions that most importantly centres their needs and proposed solutions …

Raphael created a solution that uses technology to detect objects within eight meters of the user. Once the object is detected, the device uses haptic feedback, or vibrations, as well as audio feedback to alert the user.…

Kenya’s President Uhuru Kenyatta has announced that the first berth of the new Lamu Port will be opened in October.

Lamu Port is the country’s second major sea port after the Port of Mombasa. It is part of the US$24.5 billion Lamu-Port-South-Sudan-Ethiopia-Transport corridor project aimed improving trade in the region.

The President who visited the project over the weekend expressed satisfaction with the progress of the ongoing construction works at the seaport.

He said the mega project will create the much needed jobs for Kenyan youth.

“Since I was here last year, it is true you’ve worked hard. Very soon, next month, we will be here to open the first berth which I am told you will have completed,” the President announced.

“We will launch by seeing a ship dock here to offload cargo. Offloading of cargo will be the beginning of jobs not just for you alone but also …