Kenya business news
Here are some recent business news from Kenya:
Economy
- Kenya's economy is expected to grow by 6.3% in 2023, driven by a recovery in the manufacturing sector and a boost from the government's infrastructure development projects. (Source: Business Daily Africa)
- The country's inflation rate has risen to 5.7% in January 2023, driven by higher food and fuel prices. (Source: Kenya National Bureau of Statistics)
Investment
- The Kenyan government has launched a new investment promotion agency, Kenya Investment Authority (KIA), to attract more foreign investment into the country. (Source: The Star)
- The African Development Bank has approved a $100 million loan to support Kenya's private sector development, particularly in the manufacturing and agribusiness sectors. (Source: African Development Bank)
Technology
- Kenya's fintech sector has seen significant growth, with the number of mobile money transactions increasing by 15% in 2022. (Source: Business Daily Africa)
- The country's e-commerce market is expected to reach $1.5 billion by 2025, driven by the growth of online shopping and digital payments. (Source: ResearchAndMarkets)
Energy
- Kenya has launched a new solar power plant in the Rift Valley region, which is expected to generate 40 megawatts of electricity. (Source: The Star)
- The country's energy regulator has approved a new power purchase agreement between Kenya Power and a consortium of independent power producers. (Source: Business Daily Africa)
Agriculture
- Kenya's agricultural sector is expected to grow by 4.5% in 2023, driven by improved weather conditions and government support for farmers. (Source: Kenya National Bureau of Statistics)
- The country has launched a new agricultural insurance scheme to protect farmers against crop losses and other risks. (Source: The Star)
Infrastructure
- The Kenyan government has launched a new road construction project, which will upgrade over 1,000 kilometers of roads across the country. (Source: The Star)
- The country's port of Mombasa has seen a significant increase in cargo volumes, driven by the growth of international trade. (Source: Business Daily Africa)
These are just a few examples of the latest business news from Kenya. If you're looking for more information, I can try to help you with that!