Kenya: Latest News

  • Burger King Opens First East African Outlet In Kenya

    By Kevin Mwanza, 5:46 am

    Burger King, the world’s second biggest fast food chain after McDonald’s, opened its Kenyan outlet on Monday, becoming the latest international food provider to enter the East African nation seeking to capitalize on its fast growing middle class population. “We are thrilled to introduce the Burger King brand in Kenya and look forward to giving our guests the opportunity to experience the great-tasting and high-quality products,”

  • Uganda Could Become First African Nation To Adopt Bitcoin Regulations

    By Kevin Mwanza, 5:27 am

    Uganda could become the first African nation to adopt legal regulations in the use of bitcoin in monetary transactions after hosting an event focused on the policy guidelines, legal and social-cultural issues on the use of crypto-currencies on the continent. The Ugandan government has left the digital currency, which is owned by BitPesa of Kenya, largely un-regulated since its entry into the region’s second biggest economy in November, last year.

  • Africans Embrace Black Friday, Online Retailers Want A Piece. Is This Cultural Colonialism?

    By Dana Sanchez, 3:26 pm

    South Africa has seen a massive adoption of North American retail trends, and Black Friday is no exception, a trend analyst says. “It is tested, it works and is already embedded in the minds of South Africans.” Other research analysts are more critical. “Black Friday…is an attempt to cash in on the hype surrounding the day in the U.S.,” said Arthur Goldstuck, managing director at tech research firm World Wide Worx. “It is a classic example of self-inflicted cultural colonialism, except that here the motive is unashamedly commercial. That, in turn, means it represents blatant exploitation of the consumer at its worst.”

  • AfDB Approves $10M Equity Investment In TIDE Africa Fund

    emerging market capital flight By Kevin Mwanza, 8:52 am

    African development Bank (AfDB) approved a $10 million equity funding to boost Information and Communication Technology (ICT)-driven production and growth in six sub-Saharan Africa countries. The Technology and Innovation in Developing Economies (TIDE) Fund 1 will invest in companies that use new technology to provide affordable services in the energy, agribusiness, financial, education and healthcare sectors

  • African Govts. Holding $2B Revenue Owed To Foreign Airlines

    By Kevin Mwanza, 7:07 am

    The African Airlines Association (AFRAA) urged African governments to release about $ 2 billion in revenue owed to foreign carriers to avoid suspension or shut-down of operations on the continent. The pan-African body said that the Angolan, Nigerian, Egyptian and Sudanese governments have blocked repatriation of the earnings, which has also contributed to the turbulent market faced by several airlines.

  • 12 African Business Leaders Worth Following On Twitter

    African Business Leaders By Peter Pedroncelli, 2:33 am AFKI Original

    African business leaders make use of social media to communicate with and mentor their followers, dropping pearls of wisdom in under 140 characters. From South Africa to Nigeria, the high profile personalities and multi-millionaires from Africa offer their opinions on many issues while advancing their own agendas through social media. Here are 12 African business leaders worth following on Twitter.

  • Mapping The Tech Ecosystem At Africa’s Biggest Startup Event

    By Tom Jackson, 4:41 am AFKI Original

    Last year, the annual AfricaCom conference in Cape Town finally got serious about startups, launching the co-located AHUB event to bring together entrepreneurs, investors and other stakeholders from across the continent. The event took place for the second year last week, bigger and better, and allowing the ecosystem to join together to map the sector’s progress and discuss obstacles.

  • Mauritius Has The Fastest Growing Wealth Market In Africa – Report

    Air Mauritius Launches Nonstop To Singapore By Kevin Mwanza, 3:33 am

    Mauritius, an Indian Ocean island in sub-Saharan Africa, is the fastest growing wealth market on the continent with 3,200 millionaires, according to a report by the New World Wealth Investment Review. The average person on the island is worth $ 21,700, which is more than second-placed South Africa, Africa’s biggest economy where the average person is worth about $10,300.

  • Here Is Why Uganda’s Dream Of Oil Export Will Be Delayed

    By Kevin Mwanza, 3:43 am

    Uganda’s dreams of exporting crude oil for the first time will be delayed by several years after the firms undertaking the exploration on its deposits, Tullow Oil Plc of Britain and Total South Africa, said the nation must improve its infrastructure to meet the transportation requirements. The landlocked nation pulled out of a joint oil-pipeline project with Kenya in April, opting for Tanzania instead.

  • Opinion: Lesson For Africa On The Women’s Vote From The U.S. Election

    By Staff, 7:10 am

    scrutiny continues to mount on the various factors that led to his taking the vote. One of the more poignant factors was the role women played, spurning Hillary Clinton. This, despite allegations of Trump’s sexual misconduct and that, by electing him, women’s and minority’s rights were under threat. Let me start with the minority voters. A much shared YouTube video shows Nigerian writer, Chimamanda Ngozi Adichie, dismantling apologist arguments

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