The horticulture sector in Kenya and East Africa as a whole has received a boost as the United Kingdom (UK) has temporarily removed export tariffs for cut flowers to improve trade with growers all over the world. The decision enables exporters from various countries to access the UK market for their flowers without facing any tariffs. Additionally, the elimination of tariffs extends to those who transport goods through a third country. This development particularly favors East African growers, who often have no alternative but to ship their flowers through a third country or auction houses to reach the UK. Such…
Author: Antony Mutunga
Antony Mutunga
Antony Mutunga holds a Bachelors degree in Commerce, Finance from Jomo Kenyatta University of Agriculture and Technology. He previously worked for Altic Investment & Consultancy before he joined NBM team in 2015. His interest in writing ranges from business, economics and technology. He is also our lead researcher in matters business.
The integration of alternative energy sources positions Kenya as a pacesetter in green technology, particularly in the realm of data center operations. Kenya will use geothermal energy to power data centres after Abu Dhabi-based tech firm, G42 recently inked a deal with EcoCloud, a data center company, as part of a sustainability effort. Dubbed “Project Eagle”, the centre is set to be the first of its kind in the region, marking a significant milestone in eco-friendly infrastructure and setting new standards for data centers in Africa. The deal was signed by Eng. Amos Siwoi, CEO of EcoCloud, and Peng Xiao,…
When digital payment methods became popular around the world, many believed that this marked the end of ‘cash is king’. However, cash still remains king despite advancements in digital payments seeing their popularity soar, especially in developing regions. Africans have been embracing the digital revolution especially when it comes to mobile banking thanks to high access to mobile, smartphone and feature phone. While this has accelerated financial inclusion, there has been a seismic shift in consumer preferences towards digital payment methods in the continent. According to a research by Regtech Africa, an emergent digital tech platform, and Agpaytech, a fintech…
A total of 340 students celebrated their graduation after a 7-week digital skills training program in Uasin Gishu County, on Monday, March 11. The program, which is a collaborative effort between the DigiTruck and the Gladys Boss Foundation, an organization championed by Uasin Gishu Women Representative, Ms. Gladys Boss Shollei, conducted practical sessions covering various topics including basic digital skills, online job searching, CV writing, and online marketing. “This graduation marks a significant milestone for these students who have worked hard to acquire valuable digital skills,” said Ms. Gladys Boss Shollei. “I am proud of their dedication and commitment to…
Africa’s start-up ecosystem has been steadily growing over the years, attracting significant investments from both local and international sources. According to disrupt Africa, funding raised by start-ups in Africa has grown from Sh1.9 billion ($12million) in 2013 to Sh791.25 billion ($5 billion) in 2022. However, funding in the continent has taken a hit, forcing a number of start-ups to close down. Even among the big four countries; Kenya, Egypt, South Africa, and Nigeria that are dominant in the start-up industry have been greatly affected. The “Africa: The Big Deal, a database on the start-up ecosystem in Africa” report shows that…
For 20 years, Ismail Ahmed had a keen interest in remittances. Once upon a time, his family received remittances. At university level as an economics student, he chose it as a research project not knowing at the time that one day his passion would eventually lead him to set up a global online remittance service that is currently giving banks a ran for their money. It was seven years ago when the Somaliland born founded World Remit in the United Kingdom and has grown in leaps and bounds, so far providing services to senders in 50 countries spread across the…
The number of those who scored a grade of D and below stood at 369,311 in the 2023 Kenya Certificate of Secondary Education (KCSE) examination results released by the Education Cabinet Secretary (CS) Dr. Ezekiel Machogu on Monday 8. Speaking at Moi Girls High School in Eldoret, the CS said 58.27% or 526,222 candidates who sat for the exam managed to score a grade of D+ and above as compared to 59.14% or 522,588 candidates in 2022. “Overall, I am impressed by the quality of grades that are coming out of our sub-county schools that produced 283 candidates with mean…
2024 will be tough for developing countries as they continue to face challenges in accessing international capital markets due to high levels of external debt and rising interest rates.
Nicanor Sabula returns to lead the Kenya Association of Travel Agents after a brief exit in 2020. He takes over from Agnes Mucuha.
Over the years, Kenya has emerged as a promising destination for private financing attracting funds from domestic and international sources.