In 2008, the new Ministry of Industrialisation set forth to lay the groundwork for a rising, industrialised middle-income nation Under Vision 2030, industrialisation is highlighted as a key economic pillar of growth. In the Vision’s first five-year phase (2008-2012) the Government would like to see GDP grow by a rate of 10 per cent –
Category: East Africa
Tap into the largest economy in East Africa
A stable democracy, ongoing political reform, a new constitution and a solid vision for the future are driving Kenya forward into a new and prosperous era. An extremely concise, simplified summary of Kenyan events over the past three years would run along the lines of: skewed elections, a brief political/humanitarian/economic crisis, UN intervention, a power-sharing
Nairobi: The Financial Hub of East Africa
With the best performing stock exchange in Africa in 2013, Nairobi is leveraging its resources as the gateway for investment in the continent, while wireless technology is making banking easier for the average Kenyan It’s not unusual here to see Masai herdsmen using their mobile phone to make payments from their remote village. In a
Kenya: On the road to development
This year marks not only Kenya’s 50th anniversary, but it also highlights a critical turning point in this nation’s history as it tackles major constitutional changes such as the momentous devolution policy “In the last year and a half we Kenyans have seen some of the most striking events of our national life. There have
Uganda: Vision 2040
Uganda has established itself as one of East Africa’s most attractive destinations for foreign investors due to its natural assets and security Uganda has grown not only in population size, from 14 million in 1986 to more than 36 million today, but also in economic might and potential. “Uganda has attained strong growth in financial
Uganda Offers Opportunities in Agribusiness
Agriculture has been at the heart of the Ugandan economy for decades, but increasing access to global markets is highlighting the sector’s potential. Farming already represents around 22.5 per cent of the East African nation’s GDP and accounts for the employment of more than 80 per cent of the population, but plans are now in
Property Market in Kenya
Kenya has long been known as one of the leading business and investment centres in east Africa. Kenya’s strategic location in East Africa has attracted many companies which are looking to expand in the East Africa region and consider Kenya as a market entry point into the larger East African markets. Residential sector The growth in Kenya’s middle
Number of Ultra-HNWI in Africa Set to Rise by 59%
The number of ultra-high net worth individuals, those with at least $30 million in assets in Africa, will increase by a staggering 59% over the next decade, stronger than the 34% projected global growth. According to The Wealth Report 2015, compiled by Knight Frank with support from Standard Bank Wealth and Investment, previously Standard Bank
Facebook Lite Comes to Africa
Facebook has been testing a new version of Facebook dubbed “Facebook Lite.” The app is essentially a simplified version of its mobile website, which has been specifically designed for low-end Android devices in emerging markets. According to Facebook, the app was quietly launched in a handful of countries in Asia and Africa, including Bangladesh, Nepal,
Video Calling Apps Gain Popularity in Africa
Since their initial release, Smartphones have changed the way we communicate with each other. These days, people around the world can instantly interact and bridge the distance via text messages, instant messages, emails and voice chats or calls with the simple touch of a button. Video calling which is the most recent of the developments
Nigeria and Kenya embrace Facebook on mobile
Facebook has shared new statistics revealing that 2.2 million Kenyans use Facebook every day and 4.5 million each month, while 7.1 million Nigerians use Facebook daily and 15 million are active every month. Almost all these people are coming to Facebook on a mobile device: 100% of Nigerian monthly users are active on mobile as
Sudan’s Internet Services Restored
Sudan’s Internet services has been restored at one of its three major international ISPs, the government reported after it had seen the Internet cut off across the country as a result of riots over the ending of fuel subsidies. The result saw much turmoil over the use of Internet and social media sites, which led
Ugandan Entrepreneurs Embrace Technology
The spotlight shined on the rising stars of Ugandan technology and education scene, as Kampala played host to the eLearning Africa Conference. A key focus was on those in Uganda who don’t yet have the access and education allowing them to reach their potential. It is clear to Africa and the world that Uganda needs to generate more
iWayAfrica offers fibre access to SMEs in Uganda
Pan African telecoms operator, Gondwana International Networks (GIN) has announced that its iWayAfrica Uganda business has launched its new fibre connectivity service in Uganda. Ken Mwai, Managing Director, iWayAfrica Uganda, stated that: “The demand for high capacity Internet connectivity within enterprise and corporate markets in the major cities of Kampala and Entebbe are ever increasing,
International Finance Corporation to invest $35 million in Africell
The International Finance Corporation (IFC) plans to invest $35 million in telecom operator Africell to support the expansion and upgrade of mobile networks in Gambia, the DRC, Sierra Leone and Uganda. Africell is an emerging telecommunications operator, with a customer base in some of Africa’s most challenging markets. Since its launch in 2001, Africell has become
ESET Targets East African markets
ESET, a global leader in security software for over 25 years, has announced the opening of their Kenyan office under the management of Bruce Donovan, with a focus on business development, channel sales, marketing and distribution. Kenya is recognised as the first country in the world to pioneer mobile technology economy and is set to