Browsing: President Uhuru Kenyatta

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.

The confirmation of William Ruto as president indicates that Kenya will remain on track with its IMF program and plans to strengthen medium-term public finances, but a sovereign credit 2022 ratings downgrade remains inevitable in the subsequent months.

While massive and spectacular infrastructure projects seem to point that East Africa’s largest and most vibrant economy remains in the right direction, increasing state debt, soaring fuel and commodity prices and high unemployment threaten to water down the economic footprint of Kenya’s fourth president Kenyatta.

President Uhuru Kenyatta has achieved a lot in his tenure as the Chair of the East African Community, EAC Secretary…

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.

The poor roads in the DRC and the level of insecurity in the country make it difficult and costly to move these mineral resources to the Atlantic port. This makes DRCs decision to join the EAC their most viable option. 

A state-owned shipping line from the Congo, the Lignes Maritimes Congolaises (LMC), has already set base in Kenya and plans to start its operation in Mombasa starting this June. 

The shipping line seeks to channel more exports and imports goods through the port of Mombasa. 

 The current president of Tanzania is actively pursuing a foreign policy distinct from the one pursued by the late Magufuli,…

Currently, Kenya has one of the world’s highest rates of road-related deaths, with 26.6 deaths per 100,000 people, which is likely only to increase as it is believed that by 2030, road traffic accidents will account for more deaths than AIDS in low- and middle-income countries.

Motorcycles have also been linked to crimes. Lax regulations have seen contract killers, drug peddlers, robbers, rapists, con artists, and petty thieves establish a home in the sector.

The Government of Kenya has suspended the violent police operation against all boda boda riders after the horrible Forest Road attack on the lady driver who was involved in an accident with a boda boda.

President Uhuru Kenyatta directed a security crackdown across the country to wipe out rogue motorcycle operators from the boda boda sector following the recent assault of a motorist along Wangari Maathai Road, Nairobi.

According to the Mohamed Ali Al Shorafa Al Hammadi, Khalifa Fund, and the Abu Dhabi Department of Economic Development Chairman, the directive of Sheikh Mohamed bin Zayed Al Nahyan to establish a centre for innovation and tech-focused entrepreneurship in Kenya comes as part of the UAE’s ongoing commitment to contribute towards empowering talented innovators and entrepreneurs globally.

“With centres such as these, we provide entrepreneurs with resources, support and guidance to contribute to their local and global economy, bringing about positive economic implications and security,” Al Shorafa said.

He added that the collaboration between the United Arab Emirates and Kenya through the Khalifa Fund would see Kenya having the same levels of achievement as has been experienced in the United Arb Emirates.

Kenya’s President Uhuru Kenyatta has unveiled the Universal Health Coverage (UHC) national scale-up and called on Kenyans to register for…