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Business & Finance
As the number of Kenyans living abroad has increased so have their remittances to Kenya. Today the remittances are at about Kshs 100 billion. The interests of Diaspora Kenyans has mainly been in the real estate sector. This has led to banks and developers coming to the Diaspora to tap this money. However, today Diaspora are also organizing themselves to direct their money where it achieves the best return.
Philadelphia, PA – A Kenyan woman who immigrated to the United States in the early 1990s has built a successful natural hair care business in the U.S. and she is now expanding that business to her country of birth, Kenya, East Africa....
Cash on delivery is the method of payment that allows customers to purchase products on a company’s website or make orders via phone and pay for them upon delivery on their doorstep or office, this form of business is as old as 1635 in England but in Kenya, it has only began taking shape and could possibly be the recipe of Kenyan businesses....
Businessman Dr. Chris Kirubi in a post states, “As a Kenyan businessman, it is very sad when I see some people opposing the decision to award a local company a big tender such as the Lamu coal project tender, while fighting for ‘foreign’ companies to be awarded. It is embarrassing how we all talk about dealing with unemployment yet we are not ready to empower credible local firms to create employment for young people.” With about 40% of Kenyans unemployment or temporary employed and close to 1 million Kenyans entering the job market every year “Jobs,” will be one of the campaign issue 2017....
Kenya Banks are currently at 105% Mortgage financing. This means they are financing a person for total house and also on the closing costs. All the bank thereafter needs is the person’s ability to pay. Kenya housing sector is currently estimated to have a deficit of close to 4 million houses. However, this sector is just finding its rhythm as it progresses forward to anchor the Africa economic boom....
The recently concluded U.S – Africa summit saw the amount of money set aside for Power Africa reach $26 billion and pointed to six African countries. On average if each was to get an equal share the amount would be about $4.3 billion in projects. However, the fact is the most money will go to the most aggressive nation....
Kenya investment opportunities were part of a day-long conference dubbed, “Doing Business in Kenya,” held at Washington D.C. Many economic analysts predict that Kenya will grow from a $50 billion economy to a $100 billion saying it is no wonder the Corporate Council of Africa (CCA) and Kenya Embassy explored the opportunity to invest in this growth. ...
“If I had to pick one thing to make cheaper and reduce poverty, it would be energy,” Bill Gates tweets in regard to President Obama pledge of $7 billion to help combat the frequent power blackouts in sub-Sahara Africa during his trip to Africa. The U.S. funding of $7 billion about (Kshs 600 billion) that is topped up by private investors $9 billion (Kshs 780 billion) is now a “Power Africa,” initiative of $16 billion (Kshs 1.4 trillion) aimed at increasing the power supply. ...
Peter Njiru is a business man who imports clothes, shoes, and handbags from Turkey, China and Dubai for sale in Kenya. He says that even if he were to live in a different lifetime, he would still engage in the same business. He says he has mingled with business people in different countries and the experience he has gotten is really good....
Balance of Trade is the difference between the imports and exports revenue of goods in a nation. Kenya balance of trade can be said to be headed in the wrong direction as deficits continue to grow. Whoever is elected will have to lead the country 2013 – 2017 to a better balance of trade. Currently Kenya balance of trade is over Kshs 60 billion deficit every month and some months recording close to Kshs 90 billion. In short we could have deficit in balance of trade of Kshs 1 trillion in 2012, which is about 15% of the current GDP. In 2003 this total was about Kshs 100 billion yearly which means this has grown close to 1000%. GDP has only grown by less than 50%. This also means that most of the growth in GDP in the last 10 years has been based on Imports. ...
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