Kenya’s economy is set to return to growth in 2021 following a projected contraction this year due to the COVID-19 pandemic, the World Bank has found. The report said that the coronavirus crisis would cause a 1-1.5% contraction in East Africa’s largest economy, pushing 2 million...
Kenya’s President Uhuru Kenyatta yesterday opened the second phase of Standard Gauge Railway (SGR) project – Kenya’s largest infrastructure project since independence. The US$1.5 billion railway, funded and built by Chinese companies, comprises a stretch of track running from capital city Nairobi to the Rift Valley...
Côte d’Ivoire has the highest potential for future trade growth, according to recent research by Standard Chartered which evaluated 66 countries across a wide range of metrics. The West African nation was ranked first in the international bank’s Trade 20 Index ahead of fellow African countries...
Kenya is hoping to agree a fresh trade deal with the United Kingdom by the start of next year in order to continue accessing the UK market after it exits the European Union on October 31st. Kenya’s High Commissioner to the UK Manoah Esipisu said he...
A section of top African CEOs have ranked Kenya as the second leading global business destination for major firms looking for growth prospects this year, according to the findings of a PwC report. The East African nation was cited by 22 of the 171 African CEOs...
Developers Windlab and Eurus Energy have signed a memorandum of understanding (MoU) with Kenyan authorities for a project that could become Africa’s first hybrid renewable energy plant. The Meru County Energy Park in central Kenya will comprise of ‘up to 20 wind turbines’ and ‘more than...
A strong performance by the agricultural industry helped Kenya’s economy expand by 6.3% last year, according to latest figures from the Kenya National Bureau of Statistics (KNBS). Adequate rainfall over the course of the wet season boosted the sector, a mainstay of the Kenyan economy, following...
East Africa has emerged as the strongest performing region on the continent for foreign direct investment (FDI), after recording an 82% increase in FDI projects in 2017. EY Global’s 2018 Africa Attractiveness report found that the region accounted for 30% of the continent’s total new FDI...
The President of Kenya Uhuru Kenyatta has revealed a plan to reach 100% clean energy sufficiency by 2020, as part of the East African nation’s pledge to address climate change. Speaking at a roundtable discussion on climate change policies at the Paris Peace Forum, Kenyatta said that...
Chairman of the Lake Turkana Wind Power Project Mugo Kibati has revealed that all 365 turbines will be connected to Kenya’s national grid by the end of the month. Kibati said that around 225 turbines have been connected to the power grid as of last week,...