Investors Expect More of This from the New County Governments in Kenya

One of the important things that Kenyan investors and business community are expecting to come out of the creation of county governments is increased competition and therefore improved investment climate and conditions. Some of these had already started to take shape, but they were largely unknown to investors. The result was overcrowding in Nairobi and inefficiency is exploitation of natural and human resources.

Malili E-City Gets Shs1 billion as Opportunities Open Up in Business Processing Outsourcing Sector in Kenya

Kenya government gives Shs 1billion for the construction of Malili E-City and opens up more business opportunities for both local and international investors in the fast- growing business processing outsourcing sector.

Kipsigis County: ‘The Prosperous, Fast Developing Tea Growing District of Kenya’

In the levels of private investments in Kenya, the Kipsigis County Council is certainly one of the most significant in Kenya. Its strength lies in its location in the Lake Victoria basin which affords it ample rainfall throughout the year and thus bringing about a variety of highly desirable investment opportunities. Its highly educated population creates an excellent labor force at all levels of business.The council’s headquarters are located within Kericho town, a town described by a British settler in 1957 as a “prosperous and fast growing capital of the principal tea growing district of Kenya.”

Narok: Kenya’s Best Town for Business

In its report, Doing Business in Kenya 2010, the World Bank ranks Narok the best town to do business in Kenya. In the study which measured business regulations in 11 Kenya towns – Narok, Eldoret, Garissa, Isiolo, Kilifi, Kisumu, Malaba, Mombasa, Nairobi, Nyeri and Thika – Narok emerged the top.

International Year of Cooperatives: What Kenyan Cooperators Will Share With World

When the world starts to celebrate the International Year of Cooperatives in 2012, Kenyans will have something to share with others. For in terms of percentage of a country’s GDP attributable to cooperatives, Kenya has the highest proportion standing at 45 per cent. It is followed by New Zealand with 22 per cent.

Coca Cola Company to Open Better Money-making Opportunity for Fruit Farmers in Kenya

Fruit growers in Kenya will soon be smiling all the way to the bank when the giant Coca Cola Company opens it soft drink canning factories in Nairobi and Kisumu. Coca Cola, now facing stiff challenge from Pepsi Cola which recently announced its plans to return to the Kenyan market, will spend over Shs5 billion to expand and diversify its capacity and products.

Cooperatives Are Among Best Channels for Diaspora Money Transfer in Africa, World Bank Report Says

A report by World Bank and African Development Bank says savings and credit cooperatives are among the best channels for Diaspora money transfer in Africa.

The widely publicized report, Leveraging Migration for Africa: Remittances, Skills and Investments, says that use of savings and credit cooperatives as channels for diaspora remittances can “reduce costs of money transfers by increasing access to financial services in the rural areas and poor communities and reducing the costs of opening bank accounts.”

Will the Chinese Change of Trade Policy Towards Africa Bring Wealth to the Continent?

Following heavy criticism of Chinese investment policy in Africa, Chine now appear ready for change with a new policy that may create employment and technology transfer – two of the key things Africa urgently needs to set itself up on the path to wealth creation.

Machakos District Cooperative Union’s Plan to Benefit from Opportunities in Newly Created Counties, Vision 2030

The Machakos District Cooperative Union was dying with heavy debts when Mr. Patrick Katingima took over as the chairman in 1991.

Its most important income generating section, the banking division, had just collapsed and been closed down. The cotton industry had collapsed due to sudden liberalization which made farmers unable to repay their loans from the union and the government had scrapped the statutory 2.5 per cent of total sales contributions made to it by its members.

Kenya’s Economy: High Growth Predicted in Outlook for 2010 and 2011

Towards the end of 20O9 Kenya’s economy started to recover more strongly and this positive momentum was sustained into the first months of 2010. Favorable weather, a relatively stable domestic environment, and pro-active government policies led to mostly positive developments in the economy.

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