Author: David Indeje

The Kenyan Cabinet on Thursday approved a KSh6.9 billion ($69 million) budget for the development of an Inland Container Depot at Naivasha. The funds will support the development of the Naivasha Special Economic Zone and the impending completion of Standard Gauge Railway (SGR) phase 2A. The special Cabinet meeting at State House, Nairobi said the billions will be used to develop an inland container depot, railway marshalling yard, logistics zone, and public utility area. “It will also fund other core enabling infrastructure to support the development of the Naivasha Special Economic Zone and the impending completion of SGR phase 2A,”…

Beer maker Kenya Breweries Limited (KBL) has launched a new alcoholic beverage – Sikera Premium Apple Cider in the market in response to consumers changing tastes and preferences. The launch follows the introduction of Kenya’s first locally-produced cider, Tusker Premium Cider three years ago. “Sikera’s launch is the result of a recently-conducted consumer study on the trends driving the alcohol beverage market in our industry. These consumer insights then informed our innovation efforts extending our cider category, to provide a broader variety to our consumers,” said KBL Managing Director Mrs. Jane Karuku. Cider is an alcoholic beverage typically made from…

Standard Chartered in partnership with iLabAfrica and Strathmore University on Wednesday launched KSh20 million 2019/2020 Standard Chartered Women in Technology Cohort 3 which will see five entrepreneurs win KSh1 million each. The SCWomen in Technology Incubator Kenya is Africa’s leading women in tech incubator, aligning with calls for more diversity in technology and for more opportunities for women to develop entrepreneurial and leadership excellence. Through the Women in Tech Incubator, 10 businesses will benefit from mentorship and seed funding. The program combines world-class startup support with local and international experience to provide Africa’s most competitive and attractive startup incubation program…

Universal health coverage means that all people can use the health services they need while being protected against the financial hardship often associated with paying for them. – WHO The Kenyan Government plans to roll-out the pre-payment of healthcare as a means of reducing out-of-pocket expenditure, to achieve Universal Health Coverage (UHC). Dr. Rashid A. Aman, Chief Administrative Secretary Ministry of Health said investing in UHC is ‘likely to reap 10 times of the benefits’. “In this regard, financial sector experts, banks and investors play a key role in the provision of innovative financing solutions that are geared towards pre-payment…

Safaricom Plc, Kenya’s biggest mobile network provider, has said its push for regional expansion and data are viable opportunities that it is exploring to boost revenues because they have ‘the potential to lead our business to greater heights’. The telco says for its current 2020 financial year will focus on providing additional support to business units that are emerging as key revenue drivers, such as financial services. “I am particularly keen to work closely with the team to deliver the regional expansion strategy… Data also remains a key priority for the business, which needs to find a way to create…

The Federation of East African Freight Forwarders Associations (FEAFFA) has received a USD 3.5 million grant from TradeMark East Africa to raise the capacity of logistics sector operators.  The 4-year programme is aimed at upskilling customs agents, freight forwarders and warehouse operators across East Africa. The grant was signed at the sidelines of the third Global Logistics Convention, a two-day at the Kigali International Convention Centre. TMEA Board Member Ms. Patricia Ithau said they are promoting logistics platforms in various countries in order to facilitate public-private sector dialogue to improve logistics. “These initiatives aim at developing stronger regional integration and…