44TH US President Barrack Obama in Kenya

Former U.S. President Barack Obama arrived in Kenya Sunday, the country of his father’s birth, his first visit to this East African country since leaving office. Mr. Obama is in Kenya to help launch the sports and training center founded by his half-sister, Auma Obama, through her foundation Sauti Kuu. In Nairobi, Mr. Obama met President Uhuru Kenyatta at the official residence, according to Kenyatta’s twitter account. Mr. Obama is also expected to meet Raila Odinga, the opposition leader now working with Kenyatta’s government. Odinga and Kenyatta on March 9 pledged…

Ksh3.3 million up for grab for creative Engineers

Kenyan engineers, across all disciplines, have a chance of winning Ksh3.3 million (£25,000) following the opening of the Africa Prize for Engineering Innovation. The competition, an initiative of the Royal Academy of Engineering, is open to engineers who provide scalable entrepreneurial solutions for local problems. Applications will close on June 23 2018 and the winners will be announced in June 2019 and the Kenyan engineering fraternity will have another chance of producing a winner in the Africa-wide competition. 24-year-old Ugandan software engineer Brian Gitta won the 2018 Africa Prize for…

Kilimani, Westlands and Thindigua ranked as the best areas for apartment development.

Cytonn Real Estate, the development affiliate of Cytonn Investments, today released its Nairobi Metropolitan Area Residential Report – 2017/2018, ranking Kilimani, Westlands and Thindigua as the best areas for apartment development; and Karen, Runda Mumwe and Ruiru as the best areas for detached units’ development. The report analyzes the current state of the residential real estate sector in Kenya in terms of supply, demand, drivers, challenges, and performance. According to the report, the sector recorded total returns of 8.2% p.a compared to last year’s 9.4%, attributable to the protracted electioneering…

Western Union Opens Office in Ivory Coast

Western Union has been providing fast, reliable and convenient money transfer services in Ivory Coast since 1995 Western Union a leader in global cross-border, cross-currency money movement, announced today the opening of an office in Ivory Coast, reinforcing the company’s on-going commitment to service excellence by getting even closer to customers. Western Union has been providing fast, reliable and convenient money transfer services in Ivory Coast since 1995, connecting customers to over half a million locations in more than 200 countries and territories. Western Union services are currently available in…

Continent’s leading satellite broadband service to launch across West Africa

Yahsat , the UAE-based global satellite operator, will participate in West Africa Com on the 10th and 11th July 2018, as Gold Sponsors. The event, which unites critical players in the telco value chain, will see Yahsat showcase its flagship broadband service – YahClick – to partners and customers in the region. Yahsat’s participation at the event is part of its expansion plan to launch YahClick this year in five new markets in West Africa. The service will be available in Senegal and Gambia through service partner Arc Telecom, in…

CYTONN MAINTAINS A POSITIVE OUTLOOK FOR THE MACROECONOMIC ENVIRONMENT

  “FOLLOWING A REVIEW OF THE FIRST HALF OF 2018, CYTONN MAINTAINS A POSITIVE OUTLOOK FOR THE MACROECONOMIC ENVIRONMENT IN KENYA, WITH BETTER GDP GROWTH PROSPECTS, SUPPORTED BY IMPROVED WEATHER CONDITIONS AND A CONDUCIVE OPERATING ENVIRONMENT”  Following a review of H1’2018, we maintain a positive outlook for the macro economic environment in Kenya, with better GDP prospects relative to 2017, supported by improved weather conditions and a conducive operating environment.   The Kenyan economy is projected to grow by 5.5% on average in 2018, according to GDP projections from 15…