By AGEWA MAGUT, Daily Nation Plastic bags are not the problem, consumer behaviour is, the Kenya Association of Manufacturers (KAM) has said in response to its ban by the government on Wednesday. According to the association, the biggest problem the country faces over the plastic bag ‘menace’ is waste management and users’ behaviour. The challenge...
By KENNEDY KANGETHE NAIROBI, Kenya, Hass Petroleum Group has contracted China State Construction Engineering Corporation (CSEC) to construct a 67-floor building in Nairobi’s Upper Hill. Hass Towers, an iconic mixed-use development will open its doors in 2020 and will consist of Grade A offices, a five-star Hilton hotel, plus a luxury retail and entertainment complex....
By RALF HECKNER, DHIREN CHANDARIA and SIDDHARTH CHATTERJEE, The Star About two decades ago, big banks in Kenya could gladly cherry-pick and retain only the high-end customers, leaving the majority unbanked and dependent on exploitative money-lenders or informal savings clubs. How times have changed! Today, Kenyans now can not only choose from a wide range...
By Alanna Petroff, CNN Money Kenya received a safety certification this week from the U.S. Federal Aviation Administration that will allow its airlines to apply for non-stop flights to U.S. airports. Non-stop flights would cut hours off the lengthy journey between the two nations, and provide a major boost to Kenya’s tourism industry. Kenya Airways...
CAPE TOWN, South Africa- DHL Express, the world’s leading international express services provider, has published research highlighting the significant growth opportunity for retailers and manufacturers with an international online product offering. The report – The 21st Century Spice Trade: A Guide to the Cross-Border E-Commerce Opportunity – looks in detail at the markets and products...
African governments have been urged to consider forming alliances with other airlines across the continent to maintain a strong aviation sector. The experts attending the Aviation Africa 2017 forum that opened on Wednesday in the Rwandan capital Kigali argued that most of the continent’s airlines were not strong enough to maintain a viable aviation industry...
By RICHARD MUNGAI , The Star Money sent home by Kenyans living and working abroad is now a key economic growth driver having increased its contribution to the Gross Domestic Product by 2.5 per cent in October last year, Central Bank of Kenya data shows. The data shows the inflows, officially known as diaspora remittances,...
MOSCOW, Russia — The Islamic Corporation for the Development of the Private Sector (ICD), the private arm of Islamic Development Bank Group (IDBG), and International Association of Islamic Business (IAIB), signed a Memorandum of Understanding (MoU) to explore possible avenues for collaboration in enhancing business relations between entrepreneurs from Islamic countries and Russian Federation. The...
By Felix Njini The International Monetary Fund is backing Somalia’s plans to replace tattered currency notes that were printed before the Horn of Africa nation plunged into civil war almost three decades ago.The new Somali shilling notes may come into circulation this year, alongside the dollar that’s been the main means of payment, and will...
The World Bank has approved financing of a $250 million smart agriculture project in Kenya that will run for five years. The project aims to increase agricultural productivity and build resilience to climate change risks in the targeted smallholder farming and pastoral communities in the country. “In the event of an eligible crisis or emergency,...