Kenya: Kakamega Plan to Lift Up Contractors

The Kakamega government will assist contractors who do not have funds to get money from banks to fulfil their contract agreement.

Governor Wycliffe Oparanya asked contractors who have financial difficulties to write officially to the county government requesting for support.

"The county government will write letters of undertaking to banks so that they can finance the contractors as a way of capacity building for the local contractors," he said.

Oparanya said it would be unfair for local contractors to be locked out of county jobs because of lack of adequate funds.

He was speaking in his chambers during a quarterly meeting between contractors and the county government on Tuesday afternoon.

Oparanya said the second phase of road tenders will be awarded this week.

He said contractors who won tenders in the first phase will not be awarded new ones in the second phase.

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MasterCard aims to increase electronic payments

MasterCard today announced the licensing of Guaranty Trust Bank (GTBank) to issue MasterCard debit, credit and prepaid cards in Kenya. The collaboration is expected to increase the adoption of electronic payments in the country, especially in the retail banking sector.

James Wainaina, Vice President and Area Business Head, MasterCard East Africa said: “MasterCard’s vision for East Africa and the rest of Africa is a world beyond cash and we can only achieve this by working with industry partners that have a similar goal. As our nation moves towards being a cashless society, we are proud to work with GTBank as they move towards retail banking and whose retail focus will further the adoption of electronic payment systems in Kenya’s fast-growing retail sector.”

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India As Trading Partner Is Largest Exporter To Kenya

India is the largest importer and exporter through the Port of Mombasa.

In welcoming Indian High Commissioner to Kenya H.E Yogeshwar Varma on his official visit to Mombasa, KPA chairman Danson Mungatana observed:

"In 2013 Kenya Export to India through the Port of Mombasa stood at 304,000 tonnes while imports from India stood at 4.1 million tonnes.

"The statistics reflects how significant India is to the Port of Mombasa although the trade balance is not in Kenya’s favour.

"This is a wakeup call to Kenyan manufacturers to explore and export more to this second largest most populace nation in the world."

The Indian High Commissioner to Kenya was accompanied by his Deputy Sushil Singhal and Defense Adviser Caption (NI) Nitin Kapoor.

India and Kenya have been experiencing growing trade and commercial ties over the years.

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Kenya’s economic prospects for next 50 years

We have written and talked enough about the last 50 years, the failed opportunities and the great triumphs. We have downgraded one national triumph, however: pacifying Somalia where a superpower had failed.

Let’s focus on the next half century. On a selfish note, if I live to be Mandela’s age, I shall be there to celebrate Kenya’s centenary.

We all hope that we learnt our lessons in the past 50 years. A few issues will predominate the next 50 years.

The first will be the  environment. Wangari Maathai may be gone, but her legacy will live on. The earth is our mother, and we must continue taking care of her. In the next 50 years, there will an increased demand for Earth’s resources, both renewable and non-renewable.

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