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Consumers in developing countries most affected by high spectrum prices; study

By Ben Oduor   A new study by GSMA has revealed that spectrum prices in developing countries are (on average) more than three times higher than in developing countries, when income is taken into account. Titled; Spectrum prices in developing countries’, the study, released on Tuesday at the ‘Mobile 360- Africa conference in Kigali, said the high spectrum pricing- which relates to charges on radio frequencies allocated to the mobile industry and other sectors of communication over the airwaves- has become a major…

Bank of Africa appoints new Bosses

The CBK’s approval paves the way for Bank of Africa to confirm Mary Mulili Mwende as the General Manager Business Development, Jeanne Olger Waluchio as the Head of Human Resources and Ian Ndenderu Mburu as the Head of Corporate Banking.

Finserve targets 500 developers for APIs

Developers, start-ups and SMEs are already leveraging Finserve Africa’s APIs to craft innovative products and services that meet current consumer taste and preferences therefore boosting their businesses.

Second phase of China Trade week expo starts

By Ben Oduor About 1,500 Chinese companies will be scouting for deals during the second phase of the China Trade Week exhibition set to take place in Nairobi between June 18 and June 20 The trade fair, which is in its fourth consecutive year, is looking to connect distributors, manufacturers, exporters and retailers in Kenya with their counterparts in China. The first phase of the conference which came to a close last week was attended by about 3,000 visitors. “The second phase of China Trade Week expo 2018 will be…

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500 Chinese firms to exhibit products at a Nairobi expo

By Ben Oduor 500 Chinese companies are expected to showcase their products during the China Trade Week exhibition set to take place between 13th and 20th June at the Kenyatta International Conference Centre (KICC), Nairobi. The trade fair, currently in its fourth consecutive run in Kenya, will seek to connect Chinese manufacturing companies with the local and regional sourcing and purchasing professionals, with some of the high-end manufacturers looking to use the opportunity to develop long-term relations with buyers.…

A lending hand to ‘tenderpreneurs’ that collates all available procurement opportunities

By Ben Oduor Faith Achieng’, a 24-year old diploma holder from Technical University of Kenya (TUK) was elated with the opportunity to try her hand in government contracting. The 30% government tenders guaranteed for the young people was the incentive. With the Kenyan government estimated to procure goods and services to the tune of Ksh300 billion, that is a guaranteed pool of Ksh90 billion. But hope turned into despair. The company she registered failed to attract contracts as she had anticipated. It soon went dormant.…

Uganda stands to benefit from Islamic Finance

Two years since the Ugandan parliament passed the Financial Institutions Amendments Bill 2015 that paved the way for Islamic Finance, uptake of the new concept has been slow. Ian Mutibwa, head of Tax, Banking and Finance at Signum Advocates in Uganda, explains to East African Business Times writer Ben Oduor why stakeholders have dragged their feet and how the country stands to benefit with the adoption of Sharia-compliant banking  As one of the delegates that attended this year’s East Africa Islamic Finance Economy…

The play to deepening the adoption of Islamic Finance in East Africa

By Ben Oduor Islamic finance has already been mainstreamed within the global financial system, with the potential to help address the challenges of ending extreme poverty and boosting shared prosperity, according to the World Bank. The global lender estimates Islamic finance’s annual growth to between 10 and 20 per cent, with the financing assets at roughly US$2 trillion. This covers bank and non-bank financial institutions, capital markets, money markets and insurance (Takaful). Despite the promising numbers,…

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Economic blocs set to change the economic fortunes of Kenyan counties

By Ben Oduor The formation of regional economic blocs has emerged as the latest avenue by county governments to transform the fortunes of the residents in a cost-effective manner. There are currently six regional economic blocs representing 35 of the total 47 counties in the country, according to the Council of Governors books. The blocs include the Lake Region Economic Bloc (LREB), North Rift Economic Bloc (NOREB), Frontier Counties Development Council (FCDC), South Eastern Kenya Economic Bloc (SEKEB), Mt. Kenya and…

Chasing the African Union dream of an industrialised continent

By Ben Oduor It was in 1999 when African heads of state and governments felt the need to have a more robust continental Union. The Organisation of African Unity (OAU) had at the time spent 36 years fighting for independence and an end to apartheid rule. It was time to focus on ‘an integrated, prosperous and peaceful Africa, driven by its own citizens and representing a dynamic force in the global arena.’ Thus the African Union was birthed. But 19 years later, mixed reactions are shared about its scorecard. While a…

Kenyan land market surges despite tough economic times

The county land survey also identified several spots where land prices appear to have overheated, only to sink thereafter, among them Thika, where land prices rose by more than 30 per cent in 2016, only to fall by more than 4 per cent last year, in the biggest price fall of the year.

Username calls for inclusive zoning

The current housing shortage in the country stands at 2 million units. The proposed housing agenda is set to create 500,000 low-income housing units by 2022, which still leaves a deficit of one and a half million housing units.

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