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October 2018

Equitel registers double-digit growth with mobile payments

Equitel processed 87.9 million mobile commerce transactions between April 2018 and June 2018, up from 77.6 million transactions in the preceding quarter, representing a 13 per cent increase. At the same time the value of mobile commerce transactions increased to Ksh328.2 billion, a 13 per cent increase from Ksh290.3 billion that was processed over the same period.

Demand for Toyota Rush exceeds sales forecast

Toyota Kenya has received close to 60 orders for its recently-unveiled Toyota Rush model and over 200 inquiries from buyers; outstripping initial sales forecasts less than 2 months since the new model was launched into the local market.

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Hospitality has the potential to create significant economic growth

The sector has the capability to transform regional economic development and contribute heavily on the Kenya’s Vision 2030 economic and macro pillar. It has in deed remained the largest service industry globally, accounting for nearly 10 percent of global GDP. Nearly 293 million jobs, or one in eleven jobs around the world, are within the tourism and hospitality industry.

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