Kenya sets up first smartphone assembling plant in East Africa

Kenyans can now access affordable locally assembled smartphones following the launch of the East Africa Device Assembly Kenya Limited, located in Athi River. The device assembly factory was set-up as a joint venture of local Mobile Network Operators and International device manufacturers. The devices which will be available countrywide at Faiba shops and dealer stores […]

Ruto says state interventions to ease cost of living, create jobs

President William Ruto has said various programmes his administration is undertaking will see a significant reduction in cost of basic food items and bring more people into the workforce. Speaking in Kericho County during the making of 60th Mashujaa Day, the President said provision of subsidized fertiliser, affordable credit and extension services to farmers across […]

Agrifood sector must be priority for global foreign direct investment

Ministers of investment and enterprise participating in the 8th World Investment Forum identified the agrifood sector as a top priority for global investment. They emphasized its pivotal role in addressing a $4 trillion annual investment gap in developing countries that needs to be bridged to achieve the Sustainable Development Goals (SDGs) and underlined its role in enhancing […]

United States announces $19.7M investment in Kenya’s cooperative sector

The United States Wednesday announced five new investments totaling $19.7 million (two billion nine hundred seventeen million five hundred seventy thousand) to support Kenya’s cooperative sector. Funding for the investments will be provided by the United States Agency for International Development  (USAID) over five years. Kenyan and U.S. private-sector partners are expected to invest an […]