The government is hopeful of positive economic growth this year due to increased investment in MSMEs as well as high rainfall that is expected to boost agricultural production. The National Treasury is optimistic that the country would register positive economic growth this and coming years due to the interventions it has put in place to stimulate recovery.
Kenya has signed bilateral agreements with the United Kingdom and the United States in what promises to boost trade and present economic opportunities to citizens of both countries. To begin with, the US and Kenya last week held bilateral talks that sought to increase trade and investment cooperation through “a strategic partnership”
Communication Authority of Kenya offers the money from the Universal Service Fund in what kicks off the 100,000km fibre installation journey. 19 counties, especially those in farflung areas, will benefit from Sh5 billion lastmile fibre optic cable connection as the government moves to boost internet access in regions with low connectivity.
Since 1999 when it was revived after its collapse in the 70s, a lot has happened in the East African Community. Rwanda, Burundi, South Sudan and the Democratic Republic of Congo, for instance, are now members of the bloc, joining Kenya, Uganda and Tanzania. Somalia is also keen to join the community.
Once again, the premier ICT event, “Connected Summit”, is here, bringing together over 1,000 local, regional and global industry leaders, policy makers, financiers and innovators to spur the use of technology in the development of the country. The annual summit’S theme this year is “Digital Economy: Endless opportunities shaping our future,”.
Kenya’s move to import oil from the United Arab Emirates and Saudi Arabia on credit and payment made in the local currency is expected to ease pressure on the country’s forex reserves as well as stabilise pump prices. The six-month oil deal will also save the shilling from falling further as there will be a declined demand for US dollars, in particular by oil importers.
Power generation from solar has tripled in the past years as the country steps up efforts to produce electricity from renewable sources. The Energy and Petroleum Regulatory Authority (Epra) noted that the country’s installed solar photovoltaic capacity currently stands at 210 megawatts (MW), up from 170MW in mid-last year.
How 15-billion tree project will cushion Kenya.Trees help to absorb carbon dioxide from the atmosphere reducing emissions that normally fan climate change effects.