Kenya: World Bank Gives Kenya U.S. $40 Million

Arusha – The World Bank has approved a total of $40m to support Kenya’s public-private partnership project an official of the bank has said.

“Kenya’s public private partnership project (PPP) is being supported by $40m infrastructure finance that was approved by the bank recently in Washington DC,

Read more ...

Kenya Ahead in Mobile Money

Kenya is ahead of the curve in fostering mobile payment services, providing fertile ground for adoption of international remittance services via mobile phones, a World Bank brief on global migration and remittances.

The country is ranked together with the Philippines, with the two having existing eco-systems of domestic services built around mobile phones.

Read more ...

Kenya: National Airline Buys Embraers for Africa Expansion

KENYA Airways is targeting the under-served markets in Africa to boost its growth through the use of mid range aircraft, it said on Thursday.

Kenya Airways has ordered for several Embraer jets that it said are suited to regional routes with the latest one being delivered on Thursday. The aircraft has a capacity of between 98 to 106 passengers.

Read more ...