Kenya received $278.4 million (Kshs. 30.6 billion) as remittance in January, which is 7.3% higher compared to the corresponding period last year when remittances stood at $259.4 million (Kshs. 28.5 billion). According to the Central Bank of Kenya (CBK) data, the cumulative inflows in 12 months to January this year totalled $3,113 million (Kshs. 342.4 billion) compared to $2811 million (Kshs. 309.2 billion) in 12 months to January 2020 which represents a 10.8% increase. The World Bank had projected an estimated 20 per cent global decline in remittances in 2020 due to the economic crisis induced by the COVID-19 pandemic…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
130 job opportunities are set to be created through the opening of the new store. Carrefour, owned and operated by Majid Al Futtaim in Kenya, on Wednesday unveiled its new store Diani Centre Point Plaza in Diani, Kwale County. The announcement marks a continuation ofCarrefour’s expansion in Coastal Kenya. This is the first Carrefour store to be opened in Kwale County and the second within the coastal region. In a statement, Franck Moreau, Country Manager of Carrefour Kenya at Majid Al Futtaim Retail, said, “So far, the response from our customers at our City Mall branch in Mombasa has been…
In Kenya, Khan is a popular name, having represented Deputy President William Ruto and former Head of Public Service and Commissioner of Police Hussein Ali in the ICC when they were accused of committing crimes against humanity.
Huawei’s CEO Ren Zhengfei has pledged to stick to a globalization strategy despite external pressure. He has called on the new US administration to come up with more open policies that are in the interests of US companies and the US economy as a whole. These are the first public remarks the founder of Huawei has made since the change of the US administration. Ren was speaking during a press briefing in Taiyuan, the capital city of China’s northern Shanxi province, after launching the Intelligent Mining Innovation Lab. “Trade benefits both sides. Allowing US companies to supply goods to Chinese…
KenGen, Kenya’s biggest electricity producer, has signed an estimated Ksh 709,822, 630 (USD 6,452,933) deal with Office Djiboutien De Development De lenergie Geothermique (Djiboutian Office of Geothermal Energy Development) (ODDEG) to drill three geothermal wells, the company said on Thursday. The signing ceremony, in Galla Le Koma, Djibouti, was attended by Kenya’s Energy Cabinet Secretary, Hon. Charles Keter, and KenGen Managing Director & CEO, Mrs Rebecca Miano. Keter pointed out that African nations shared the common aspiration of delivering electricity to their people, which, he said, provided an opportunity to work together to meet the continent’s energy needs. “The biggest…
Office space absorption across Nairobi in 2020 stood at m US$1.3 per square foot (sq. ft) per month to US$1.12 per sq. ft per month in the second half of 2020 amid the global pandemic that severely impacted business activities across sectors. Absorption of Grade A and B office space decreased by 50% in the review period compared to a similar period in 2019, with overall absorption for the year 2020 declining by 47%, said property consultancy firm Knight Frank Kenya. These factors also affected sale prices of prime residential properties in Nairobi, which decreased by 3.9% in 2020, compared…