Market News Page No. 305| Africa Business News | Afrotrade

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Rise of the machines

Consultancy group Juniper Research has forecasted that fintech platform revenues for unsecured consumer loans issued using machine learning technology are set to see a jump of 960 per cent during the period 2016-2021, rising to $17 billion globally in 2021. The rise is driven by advances in analytics and accessible computing power. Specifically artificial intelligence (AI) is expected to advance rapidly, according to Juniper's new report,.... Read more »

Posted on : Thursday , 8th September 2016

Big Growth in Africa as IIJ Sales Soar Worldwide

Additional major new African clients are set to sign with the company, known as IIJ, which announced its entrance into Africa in April last year. The company is a world leader in the supply of inkjet solutions into a wide range of applications, such as labels, packaging, document and security printing. IIJ, which has worldwide operations, is also the official sales and technical support centre for Konica Minolta inkjet products.... Read more »

Posted on : Thursday , 8th September 2016

SolarPower Europe and RECP team up to promote solar investment in Africa

Africa remains one of the most difficult markets to penetrate, riddled by bankability issues and a distinct lack of the right kind of strategic partnerships. To expedite and support solar investment on the continent, SolarPower Europe and the Africa-EU Renewable Energy Cooperation Programme (RECP) have teamed up to facilitate business cooperation between African and European stakeholders. The RECP is a development programme funded.... Read more »

Posted on : Thursday , 8th September 2016

Major boost for Kidney patients as 37 graduate to offer specialized health services

The renal services in public health institutions have been boosted with the graduation of 37 health workers from the East African Kidney Institute (EAKI). The health workers comprising physicians, medical officers, nurses, pharmacists, nutritionists and laboratory technologists underwent a three months training course to offer dialysis services in county hospitals under the Managed Equipment Services project. The first batch of.... Read more »

Posted on : Thursday , 8th September 2016

CS health calls for increased investment in the health sector to achieve UHC

The Cabinet Secretary for Health, Dr. Cleopa Mailu is calling on investors to take advantage of opportunites in the health sector to invest and asssit the nation to achieve the global Sustainable Development Goals. The CS said Kenya’s determination to achieve the Universal Health Coverage goals has created investment opportunities in the health sector which includes establishment of high-end medical institutions in partnership with.... Read more »

Posted on : Thursday , 8th September 2016

Kenya�s power imports from Uganda now rise 32 per cent

Kenya’s electricity imports from Uganda grew by nearly a third in the year to July saddled by the shutdown of geothermal power grid for lines maintenance. Kenya imported 40.7 million kilowatt hours (kWh) from Uganda compared to 31 million units in the first seven months of last year – marking a 32 per cent growth, according to official data. This is a departure from last year when East Africa’s largest.... Read more »

Posted on : Thursday , 8th September 2016

Kenya Gives More Power to Mining Communities

Kenya has drafted 14 mining regulations to strengthen the government's capacity to manage exploration and extraction of minerals. The proposed Minerals and Mining Policy recently approved by the Cabinet, is anchored in the Mining Act, 2016, which came into effect on May 27. "The new law enhances Kenya's competitiveness by providing a stable, predictable and transparent investment climate for exploration and.... Read more »

Posted on : Thursday , 8th September 2016

Kenya Pipeline Company completes repairs on pipeline leak along Mombasa-Nairobi road

Kenya Pipeline Company has completed repairs on the pipeline leak on the Mombasa-Nairobi line at kilometer 25 near Mazeras. A statement from the company said the leak occurred due to ageing of the line related to a corrosion defect. Kenya Pipeline has already commenced an environmental remediation exercise to conserve the immediate environment where the leakage took place. KPC also plans to conduct environmental audit and sampling in.... Read more »

Posted on : Thursday , 8th September 2016

Kenya Power to use WhatsApp groups to stay in touch with consumers

Kenya Power is set to use WhatsApp groups to engage customers in a bid to enhance communication and service delivery. The company in a statement on Wednesday said the groups will be used to engage with the consumers for faster responses. "WhatsApp groups provide a convenient engagement platform with large power customers and create a forum for them to put across issues concerning power supply thereby," managing.... Read more »

Posted on : Thursday , 8th September 2016

Africa is next centre for global economic growth, says Museveni

Ugandan President Yoweri Museveni has called for increased investment in Africa, calling it the next centre for the world’s economic growth. In a State House press statement issued on Monday, Mr Museveni described the economic situation in Africa as “very good” despite some bottlenecks while speaking at the third edition of the two-day Global African Investment Summit held in the Rwandan capital, Kigali..... Read more »

Posted on : Thursday , 8th September 2016

Kenya joins Smart Africa Alliance to boost data sharing

Kenya has signed into the Smart Africa Alliance, joining hands with 12 other African countries to create a single digital market to boost data sharing. The Smart Africa Alliance is geared towards connecting, innovating and transforming the continent into a knowledge economy with an ambitious target of fundraising $300 billion for developing the IT ecosystem in Africa by the year 2020 thereby driving global competitiveness and job.... Read more »

Posted on : Thursday , 8th September 2016

Real estate boom in Kenya goes to the small towns

For a long time, the focus has been on the major cities and towns when we talk about real estate hotspots. Nairobi came first, then Kisumu and Mombasa caught on. While the advent of devolution has brought with it stories on how land and construction is picking up, I got a first-hand experience in Isiolo last week. Isiolo is a small town by any standards. It is dwarfed by its neighbour Meru and even Nanyuki has a bigger name. The.... Read more »

Posted on : Thursday , 8th September 2016

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