By Hudson Gumbihi| Nairobi, Kenya
KENYA’s hopes of becoming an economic power-house will always remain a pipe dream as long as heavy taxation compounded by systematic corruption continue unabated, leading manufacturers have said in Nairobi.
Kenya Association of Manufacturer (KAM) chairman Vimal Shah says some investors are scared of putting their money locally instead opting to look [...]
By Hudson Gumbihi
THE ministry of Fisheries Development has embarked an ambitious breeding programme covering all constituencies in Kenya.
More than 28,000 fish ponds will be constructed in about 140 constituencies in a bid to cushion the country against food insecurity and encourage a large population to embrace fish delicacy, which is only popular in western Kenya.
Coming [...]
By Hudson Gumbihi
KENYA may soon produce affordable agricultural fertilizer using human urine through an ambitious but expensive initiative by a sanitation company and a local university.
Jomo Kenyatta University of Agriculture and Technology (JKUAT) in collaboration with Ecotact are conducting tests and trials on urine, which the researchers say is rich in urea – [...]
Project Focuses on Data Service Bureau and Product Development Support
MADISON, Wis.—The Bill & Melinda Gates Foundation has provided US$2.1 million in funding to World Council of Credit Unions (WOCCU) to help establish and test new financial data processing and product development capabilities for savings and credit cooperatives (SACCOs), or credit unions, in Kenya.
The new two-year [...]
EAC – The Board of Directors of the African Development Fund (ADF), the concessional window of the AfDB Group approved combined loans and grants worth USD 8.15 million to finance a multinational Railway Project Study in Tanzania, Rwanda and Burundi.
The second phase of the Dar es Salaam-Isaka-Kigali/Keza-Musongati Railway project study will cover the existing 970-km [...]
VOANews
Providing financial services to some of the world’s poorest people through mobile phones is proving to be a lucrative business in developing nations. The GSM Association, which represents the global telecom industry, says the number of people using mobile phones to send or receive money will grow exponentially in the next few years. [...]
Nov 29, 2009
Abu Dhabi, Nov 29th, 2009 (WAM)–Central Bank of the UAE announced today that it stands behind UAE banks and branches of foreign banks operating in the country.
Central Bank has issued a notice to the UAE banks and branches of foreign banks operating in the UAE, making available to them a special [...]
Can Kenya survive a financial free fall?
BEIJING, Nov. 27 (Xinhuanet)
Confidence of Western investors across the Gulf has been shaken by the Dubai government’s shock decision to ask creditor banks for six-month delay on its massive debt repayments on Thursday.
Western investors turned to the oil-exporting Gulf region for help during the global financial crisis.
But [...]
Kenyan Foreign Minister Moses Wetengula has said that China’s cooperation with Africa is conducive to the economic development of African countries.
Speaking in an interview with Xinhua on Monday, the minister said that remarkable achievements had been made in the field of cooperation since the holding of the Beijing Summit of China-Africa Cooperation Forum in [...]
