Browsing: Private Sector

• Newly appointed directors on the board of KEPSA take charge and embrace new strategies.
• Change of leadership also seen at KEPSA’s Governing Council where new sector chiefs will steer industry boards.
• KEPSA, which is celebrating its 20th anniversary later this year, has made a significant contribution to Kenya’s economic growth.

Jaswinder Bedi of Bedi Investment is now the Chairperson of the Board of Directors of the Kenya Private Sector Alliance (KEPSA), ushering in a new era at the head of guiding the role of private investments in the nation’s economy.

American Chamber of Commerce

On the occasion of the organization’s 19th Annual General Meeting, Brenda Mbathi of the American Chamber of Commerce, Kenya, was also elected as Vice-Chairperson. Bedi, who has served as the Vice-Chairperson of the Board since 2021 will be succeeding Flora Mutahi after her two-year tenure at the helm of KEPSA Board.

The KEPSA Board also received …

• The Kigali Bulk Water Supply Project will be AfDB’s first private sector operation in landlocked Rwanda.
• The initiative covers the installation of a new water treatment plant, the building new wells and rehabilitating existing ones.
• It is also providing pipelines, storage reservoirs, pumping stations and water points in various parts of Kigali city.

The African Development Bank (AfDB)-backed water distribution project in Kigali, Rwanda, will benefit about 500,000 people. Rwanda, along with various development partners and agencies, has prioritised investments in water infrastructure and implemented reforms to enhance access to safe and reliable water sources.

Currently, water supply in Kigali is managed by the Water and Sanitation Corporation (WASAC). The entity is a public utility responsible for water production, treatment, and distribution. WASAC has been working to expand and upgrade the water supply infrastructure to meet the growing demand in the city.

Kigali yet to offer universal water

AfCFTA’s successful implementation can boost trade and promote Africa’s economic recovery and growth. The AfCFTA is the world’s most extensive free trade area in terms of size and number of nations, with a combined GDP of around $3.4 trillion.
Increased integration would improve incomes, generate employment, stimulate investment, and make establishing regional supply chains easier. In comparison to Africa’s external trade, intra-African trade remains tiny. In 2020, just 18 per cent of exports went to other African nations.…

Yet for SME and corporate lending, credit decisions remain an extended process as information is gathered manually and appraised over, sometimes, weeks, to establish the creditworthiness of the borrower.

The need to abandon such cumbersome processes has recently seen leading banks adopt technology, such as our CreditQuest, to automate credit origination, and manage credit workflow, appraisals, documents, customer ratings and credit decisions.

This kind of technology draws all current and historical credit data onto a unified platform, giving the bank’s analysts a true single customer view of credits and collaterals.…

Uganda’s private sector continues to recover from the impact of the Covid-19 pandemic as business conditions improved in August after a near standstill of activities during the lockdown put in place between March and the end of May.

This is according to the latest  Stanbic Purchase Managers Index (PMI) report which shows that Uganda posted a 54.6 increase from 50.3 in July, which is the highest since February.

According to the report, the reading is above the positive threshold of 50.0 and substantially higher than the 46.5 reported for June.

The PMI is a composite index, calculated as a weighted average of five individual sub-components: New Orders (30 per cent), Output (25 per cent), Employment (20 per cent), Suppliers’ Delivery Times (15 per cent and Stocks of Purchases (10 per cent).

According to Stanbic Bank Uganda head of global markets, Kenneth Kitungulu, the steady improvement is due to the fewer …

FurtherAfrica Insights – COVID19 series with João Sousa from Xynteo.

A conversation about the role of different stakeholders in the development process and the opportunities to reshape inclusion particularly from the private sector in a post COVID19 world.…

The Belt and Road Initiative is a China-led strategy to strengthen global trade links across the world, in particular between Asia, Africa and Europe…