Browsing: Nairobi

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.

These AWS Local Zones deliver single-digit millisecond latency performance at the edge of the cloud to hundreds of millions of…

Social commerce may seem like a more foreign concept but it is widely used across Africa Online shopping has gained…

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.

The two ministers gave their views during the virtual conference on how to advance economic and trade relationships between their countries.

Ambassador Katherine Kai released a statement complimenting Kenya’s key leadership stewardship in Africa and emphasised on the US government commitment to intensify the reciprocal US- Kenya relationship.

The statement continued that the two trade ministers counselled their teams in identifying “productive avenues” to important issues aimed at aligning the developing partnerships to the “trade policy centered to the workers in the US- Kenya trade and investment partnership” while concurrently commenting on the economic and trade relationships between Kenya and the US.

While others are still trying to wrap their heads around blockchains and the safety of cryptos, Africa is embracing this…

Listed real estate is also expected to continue performing poorly in 2021 with the Fahari I-Reit having opened the year at a relatively low trading price of Sh5.8 per share.

This is coupled with the expected negative performance of the office sector and lack of investor appetite in the instrument due to negative investor sentiments.

At the onset of the pandemic, the two countries, like all others in the region and elsewhere in the world,…