Browsing: Nairobi

Kenya has much of what it takes to become a globally competitive tourist destination. With its modern infrastructure, the country has the capacity to receive many more tourists. The favourable investment climate means any increase in demand would easily trigger new investments in accommodation, attractions, and tourist services.

Demand is, however, the most crucial factor here, and with the current visa regime, Kenya faces an unnecessary barrier that limits the growth potential of a key engine of the country’s economy. 

An easing of visa policies could be implemented in a matter of days and would provide an immediate boost to Kenya’s tourism competitiveness. Bringing back visa-on-arrival would be a major improvement. Visa-free entry for citizens of the main source markets even more so.

As far as where to put money is concerned, Kenya has numerous investment sectors with tremendous potential. The prospective stability and economic recovery expected under the new administration will no doubt make way for the realization of huge money investments in the countries.

Ruto’s bottom-up economics plan, as described in his manifesto, appealed to the electorate all over the country. The high cost of living and the rising commodity prices have mainly caused despair and hopelessness among those at the bottom of the economic pyramid.

Ruto’s promises, if realised, might give significant relief from poverty and insecurity, notwithstanding the current catastrophic drought, weak institutions, and worldwide economic instability.

Ruto’s victory is thrilling for the most vulnerable members of Kenyan society. Still, if the incoming president fails to deliver on his campaign promises, political confidence will be difficult to regain, and social unrest will likely occur in the long term.

Infrastructure development continues to be a vital driver of foreign direct investment (FDI) since logistics are so necessary for global business development, mainly e-commerce, which is now a significant generator of income and jobs at home and abroad.

Most Kenyans, 83 per cent, indicated a willingness to increase the amount of money they allocate to savings and investments, but the inability to save due to insufficient funds after fulfilling their obligations that require regular funding and the availability of quick digital loans.

Among their obligations which contribute to Kenyans’ financial strain is supporting their extended family which considerably bites into their savings. 84 per cent of people indicated that they regularly provide some income to their extended family, mostly in case of emergencies, because they feel a sense of obligation to send their extended families money and because their extended family members treat them better when they are sent money.

On their part, the extended family members mostly use the money to cater to recurring expenses like food & transport, school fees and medical expenses at 23 per cent, 19 per cent and 18 per cent respectively. Farm-related expenses like purchase of fertiliser ranked fourth at 14 per cent, phone and home upgrades came in fifth at 7 per cent while entertainment like Christmas celebration was sixth.

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Nairobi needs a few changes in transport. First of all, the Central Business District should be free of Matatus. This means of transport is as old as independent Kenya and on a good day, ferries 80 per cent of Nairobi dwellers. It also racks millions in income both for individuals as well as taxes. However, the industry makes the city lose more than it makes.

Matatus are known for breaking all transport rules including double parking, blocking lanes and sometimes harbouring criminals. It costs even more money to position policemen and county government officers to reinforce discipline.

Trams and light rails have always been mooted. However, the cost and time for this have made the idea be delayed. Creating circular high capacity-bus trips commonly known as Bus Rapid Transport (BRT) system in key roads around the CBD and fed by well-positioned termini from the estates will ensure that there is a consistent flow of people to the city without the matatus clogging the road.

Jenga Leo is a coworking space based in Nairobi and offers workers several benefits, including high-speed Wi-Fi and air condition. The company offers several facilities, including a Skype and podcasting room and a childcare centre. Others are a yoga studio and gym room.

The administrator said the company’s innovative concept capitalises on that trend by bringing health and work together in one accessible place.

“The name itself plays by creating ‘building blocks’ as part of an organisation’s desire, with Jenga meaning ‘build’, ‘leo’ meaning today.

Hence, the concept takes building today to create the foundation of a workplace dynamic that allows for one’s mind, body, and soul to flourish.