Kariobangi Sharks FC to play Everton Football Club in Kenya

Everton Football Club will travel to Nairobi, Kenya, to take on Kariobangi Sharks Football Club in the first 2019 pre-season friendly announced by the Club. The game, organised through the SportPesa partnership, will take place on Sunday, 7 July  at the Kasarani Stadium, Nairobi. Kariobangi Sharks FC are winners of the 2019 edition of the SportPesa Cup, East Africa’s biggest football tournament, which took place in Dar-es-Salaam, Tanzania, in January. Their 1-0 win over Bandari FC gave them regional supremacy and the opportunity to play Everton. The game against Kariobangi Sharks FC marks Everton’s second visit…

Africa is facing housing crisis, Shelter Afrique says

Majority of African countries are facing a housing crisis as a result of high population growth, increased urbanization and low supply of affordable housing, the Pan-African housing development financier, Shelter Afrique, has said. Speaking in Nairobi at the inauguration of Karibu Homes, a low-cost housing project financed by the organization, Shelter Afrique Chairman Daniel Nghidinua said the situation is compounded by lack of affordable housing finance, high cost of urban land and weak tenure security, rising construction costs, and rapid growth in slums. The company is now calling for a…

Africa governments challenged to focus on private-sector led growth

Africa will only achieve the much-needed growth and open the continent for investment if it properly taps the power of the private sector, a continental investment conference bringing together leading business leaders has been told. “Africa has to move away from state-led economic development.  Many African states seem to focus on the idea that government needs to be at the forefront of the industry,” Mmusi Maimane, leader of the Democratic Alliance, Republic of South Africa, told the ongoing 5th  African Legal Network (ALN) Africa Investment Conference in Dubai.  “The next…

Survey: 40pc of car insurance policies in Nairobi might be fake

One customer said she had an accident and when she went to claim, she was told that the insurance company did not have her details in their system, despite having paid for the premiums. 40 percent of motor vehicle insurance policies in Nairobi exist only on paper according to research released by insure tech company Bismart. It reveals that a sizeable number of Kenyan drivers could be holding fake car insurance despite having paid for the cover. The research showed that 22 percent of motor vehicle insurance policies could not…

3M online jobs to be created in Kenya by 2025

Kenya is expected to have a bigger share of 3 million jobs projected to be created in an online marketplace in Africa by 2025. Boston Consultant Group says this will be aided by government involvement in creating policies that will enhance trust between e-commerce vendors and customers. Online Marketplaces in Kenya has for the past decade given physical stores a run for their money. This has been primarily supported by increased internet access where Kenya boasts of a penetration rate of 89 percent according to Communications Authority data. Boston Consultant Group’s Managing Director Mills…

Samsung to replace plastic packaging with recycled paper

Samsung to replace plastic packaging with recycled paper Samsung Electronics has announced plans to start taking steps this year to replace plastic packaging materials with paper and other environmentally sustainable elements. From the first half of 2019, the packaging used currently for Samsung’s products and accessories – ranging from mobile phones and tablets to home appliances – will be substituted with environmentally sustainable materials like recycled/bio-based plastics and paper. To revamp product packaging, Samsung Electronics has formed a task force involving design and development, purchasing, marketing and quality control for…

Tatu City and Equator Energy deliver first solar power plant

Tatu City has installed its first solar power plant in partnership with Equator Energy, to generate renewable energy for the city. The installation comprises of 2,880 solar modules that have been mounted on 5,700 square meters of roof space at Dormans Coffee’s global headquarters at Tatu Industrial Park. The plant is expected to produce 1.4 million kilowatt-hours per year, the same amount of energy consumed by 8,500 people. The installation is in line with Tatu City’s long-term commitment to environmental conservation through harnessing renewable energy sources. The solar power plant…

The new trends driving private infrastructure investment in emerging markets

A according to a recent report by PwC which identified a number of themes likely to guide investment in a world where politics, technology and markets are changing fast; shows over US$4.5tn a year will be spent on infrastructure between now and 2020. The five themes include investors broadening their horizon, new political leadership unveiling ambitious goals, future-proofing against obsolescence, and sustainable infrastructure for the long term, commodity-rich regions prioritizing infrastructure among others. Of these themes, I think three are particularly relevant, with each having its own specific drivers and…

Uber sets IPO in motion, seeks to ‘ignite opportunity’

Uber has filed documents for its much-anticipated public share offering expected to be the largest in the tech sector in years, and a bellwether for other venture-backed startups eyeing Wall Street listing. The filing with the Securities and Exchange Commission contained no specific pricing or timing for the market debut for Uber, which according to media reports was expected to raise some $10 billion. Uber’s valuation in its latest private investment round was more than $70 billion, but reports said the ride-hailing giant was likely to seek a market value…

Universities and Tertiary institutions to open Career Services Office

All Universities and Tertiary institutions will be required to open career service offices so as to address the needs of the youth in matters concerning career choices as well as guidance on job market demands. The Chief Administrative Secretary and Principal Secretary Ministry of Education Prof. Collette Suda said the Ministry’s focus is to empower the youth with skills, knowledge and attitudes to enable them be fully trained to handle  future challenges. Prof. Suda said the career service offices should be strengthened to enable them address the needs of students…