Browsing: Kenya

In late October, the Russian city by the Black Sea, Sochi will host the Russia-Africa Summit, co-chaired by President of the Russian Federation Vladimir Putin and President of the Arab Republic of Egypt Abdel Fattah el-Sisi, who also heads the African Union.

This is the first time such an event is being organized with growing interest from Moscow of trade, politics, and development of Africa, amid murmurs from US and allies on the role both Russia and China are playing in Africa.

The announcement which was made by Russia said special attention will be paid to the current state and prospects of Russia’s relations with African countries and to the expansion of the political, economic, technical and cultural cooperation.

Equally, it is planned to discuss a wide range of issues on the international agenda, including joint response to new challenges and threats, and the strengthening of regional stability. “At the …

Allied Wallet Africa, a global FinTech company offering various payment solutions in 196 countries, recently announced a new office in Angola, to support the growing opportunities for African entrepreneurs and business owners.

Millions of people are eager to engage in online commerce but lack proper support and functionality. South Africa has the largest e-commerce market in the continent with Nigeria and Kenya following closely, and people of the region are eager to trade and transact in the new digital space.

“Africa deserves the opportunity to participate in e-commerce, they deserve advancement,” said Allied Wallet Africa CEO Andy Khawaja, “We are happy to be chosen for this opportunity. We are dedicated to helping these entrepreneurs and creating new opportunities in the region.”

Allied Wallet Africa will bring new, ‘open API’ online payment solutions along with mobile payment options, digital wallet solutions, and even solutions catered to utility and payroll functions. …

Amref Health Africa Global CEO and Co-Chair of UHC 2030 steering committee, Dr. Githinji Gitahi has been appointed as a member of the Governing Board of the Africa Centre’s for Disease Control and prevention (Africa CDC).

The Africa CDC supports all African countries to improve surveillance, emergency response, and prevention of infectious diseases. This includes addressing outbreaks, man-made and natural disasters and public health events of regional and international concern. It further seeks to build the capacity to reduce disease burden on the continent.

“I would like to extend my gratitude to the African Union and specifically to H.E Mrs Elfadil for this appointment. I am honored to be nominated for this position that is geared towards strengthening and transforming the health in Africa. I look forward to sharing my expertise and skills as we work towards achieving Universal Health Coverage and achieving health security in Africa,” said Dr. Gitahi.…

Kenya and Jamaica enjoy close relations as shown by President Uhuru Kenyatta’s recent visit to Jamaica and a growing number of Jamaican musicians thronging into East Africa. However, distance and connecting flights have always been a problem.

However, after the successful test of Kenya Airways flight from Nairobi to New York, Kenya is looking to expand into this market with an idea of trans Atlantic flight to Caribean. Kenya Airways already has well-established routes to West African countries of Senegal, Nigeria, Ghana, Liberia and Ivory Coast which could be used as stop-overs to the Caribean.

This can also open up other destination in Africa for the Jamaican route including to Ethiopia, South Africa, and North Africa. The flight time from East Africa to Senegal, Liberia and Ivory Coast is 8 hours, the same period it takes to make the trans- Atlantic flight.

In their talks, President Kenyatta and PM Holness …

Microsoft has appointed Harvard trained Jack Ngare as the managing director Africa Development Centre in Kenya that the company launched in May 2019.

With more than 15 years of experience in various business functions, Ngare joins Microsoft from Finserve Africa part of Equity Group where he served as managing director.

Ngare brings a wealth of in-depth knowledge around topics like management, telecommunications, financial services and emerging technology. Prior to his work at Finserve Africa, Ngare held the position at Stanbic Bank, NIC Bank, as well as spending seven years at British Telecom with assignments in the UK, Saudi Arabia, Peru and Japan.

He holds a Master’s degree in management from Harvard University, a Master’s degree in advanced computer science and a Bachelor’s degree in computer science from the University of Leicester.

“The ADC is unlike any other existing investment on the continent, helping us better listen to our customers, develop …

Pewin Group has inked deals worth Ksh7.3 billion(US$70.8million) with business firms from Belarus during a Belarus Kenya Business Forum in Nairobi.

The firm signed an MoU to distribute tractors and set up an assembly plant with a Belarusian firm, Afttrade DMCC. They also signed an MoU to distribute fish feeds and set up a processing fish plant for the local and export market with BelinterBox.

The memorandum which is funded locally by Family Bank and the Government of Belarus will see Kenya benefitting from the new technology, exchange programmes and access to best practices in agricultural industry.

“This is a historic day for Pewin Group and Kenya. The Belarus tractors are globally renowned for their performance in general agricultural work including sowing, harvesting and transportation. In support of the Big 4 Agenda, this MoU means that small scale farmers can now access reasonably priced tractors with the latest technology and …

The Eastern and Southern African Trade and Development Bank (TDB) and the Korean Overseas Infrastructure & Urban Development Corporation (KIND), have signed a memorandum of understanding to cooperate on infrastructure financing in the region.

KIND is a newly established organization by the Korean Government to proactively support global public-private partnerships and infrastructure and urban development for sustainable growth in emerging markets, with the Africa office headquartered in Nairobi.

KIND President and CEO Kyong-goo Hur noted that since the world is facing drastic climate changes and rapid urbanization today, the need for infrastructure investment is emerging greater than ever with the gap between infrastructure demand and supply hardly to be filled in the near future.

“The highest priority, therefore, has been attached to infrastructure investment not only in Korea but also in other numerous countries on this globe,” President Kyong-goo added.

Furthermore, KIND is now ready to serve as a facilitator …

The International Wines and Spirits Record (IWSR), notes that whisky consumption in Kenya grew by a compound annual growth rate (CAGR) of 21.7% in the five years 2013 to 2018. This is expected to grow by another 18.8% in the next four years to 2023.

But whatever is registering a greater notice among the elite Kenyan communities is the growth of aged brands with some Kenyans even requesting for a 72-year-old whisky. This has been categorized as a small group of consumers in the region who have a special taste on premium beverages as well a disposable income allowing populations to have high-end brands during leisure.

Macallan, a premium brand brewed since 1824 has been identified as the global leader in terms of value for whisky in its category.

In October 2018, a bottle of Macallan 60-Year-Old scotch whisky set a record when it sold at auction for $1.1 million. …