The Kenyan Cabinet has approved the merger of the Export Promotion Council and the Brand Kenya Board to create the Kenya Export Promotion and Branding Agency (KEPROBA). This follows an earlier Presidential directive on the key objective of the integrated National Exports Development and Promotion Strategy (NEDPS) which the Government launched mid this year, and aims at growing Kenya’s exports at an average rate of 25 per cent per annum. KEPROBA will be a one-stop-shop for all trade promotion and branding activities covering local as well as regional and international engagements so as to eliminate duplication and hence create a…
Author: David Indeje
Agnes Gathaiya, CEO IPSL ( currently Google Director – East Africa) explains the latest initiatives that will make Kenya’s economy cash lighter and how Pesalink is being envisioned as the payment platform, top of the mind of all citizens. As financial institutions and telcos offer alternative mobile money and digital payment platforms, cash in Kenya remains the most popular mode of payment. 2016 FinAccess Household Survey from Financial Sector Deepening (FSD Kenya) indicate only 1.3 percent of business owners receive payments through bank transfers, while 3 percent receive payments through mobile money. The most current is data from the Central…
The future of debt-laden ARM Cement PLC (NSE:ARM) will be determined the end of October, according to a statement by the company’s administrators, PricewaterhouseCoopers (pwc). The statement announced the first meeting of creditors will take place in Nairobi on 23 October. ARM Cement was placed under administration in August 2018 to give it an opportunity to recover by keeping away creditors from attaching its property with Muniu Thoiti and George Weru of PwC taking over the management. Creditors will vote on whether to liquidate it or give it more time to raise new capital. Read: What does it mean when a…
National Treasury’s cuts on development spending plans have received a thumbs down from financial and economic analysts who have termed it ‘not growth-friendly’. “A path where much of the burden of fiscal consolidation is disproportionately shouldered by development spending, as is the case in Kenya, undermines the underlying growth potential of the Kenyan economy,” said the World Bank in its 18th Kenya Economic Update (KEU). “In this regard, there is a need to recalibrate the balance between development and recurrent expenditures, with the latter bearing a higher share of the expenditure containment.” The World Bank says this can be…
The Constitution thereof bestows the highest power of the country of Kenya on the people of Kenya and everybody else is subordinate to the people of Kenya.
Sharon Wendo is a young woman passionate about entrepreneurship and design. She is the founder, CEO, and Creative Director of Epic African Jewellery.

