Business news briefs

 Young population set to contribute to growth in agriculture, manufacturing and telecommunications sectors

 Moody’s, a global research and credit ratings company, has stated that Kenya’s strong growth and improving governance is set to help fuel corporate investment and expansion. Based on the data, buoyant economic growth, a stable business environment, and Kenya’s growing middle class demand will drive expansion and investment in non-financial companies. The survey indicates that Kenya’s young population, coupled with its growing middle class, will contribute to growth in agriculture, manufacturing, telecommunications, retail and transport.

The country’s current stable political and legal environment will make it an attractive East African hub. Moody’s analysts expect Kenya to have robust economic growth in the next year to 18 months. They say that it will increasingly become the destination of choice for corporates wanting a presence in East Africa. Kenyan GDP growth will reach 5.7 per cent in 2016 before rising to around 5.9 per cent in 2017, Moody’s said.

 Kiambu County launches free Wi-Fi for residents in Thika, Ruiru, Kiambu and Kikuyu

Residents of Kiambu County will, in the coming weeks, enjoy free, fast and reliable public Wi-Fi connections to enable access to information, a vital requirement for economic and educational development in the county. The high capacity Wi-Fi networks in Kiambu County will cover 5km radius from the Central Business Districts (CBDs) of each of the county’s four largest towns, with a capacity of 10 Megabytes per second(Mbps).

The county government has decided on the first four hotspots, in each of the towns, to be at the bus stage, main hospital, main market and the county government headquarters. Kiambu County Governor William Kabogo said the Wi-Fi hotspots will help county residents get access to the information required for services such as applications for business permits among other services.

KQ resumes Juba flights following ceasefire

Kenya Airways (KQ) has today resumed its scheduled flights to the South Sudanese capital of Juba following a ceasefire that seeks to stabilise security in the country. The ceasefire comes after five days of unrest in South Sudan. The airline said it would resume its operation of two daily flights to Juba. The flights depart Nairobi for Juba at 0715 and at 1320 every day, the airline said in a statement.

KQ has planned to make its larger capacity B737-800 aircraft available to accommodate more passengers and clear a backlog that was occasioned by the airline suspending flights from Sunday. The airline plans to clear the backlog by Friday, giving priority to passengers based on their original return dates. KQ suspended flights to Juba, South Sudan after sustained fighting between rival factions that broke out last week.

The national carrier said “the move was necessitated by the uncertain security situation in the area” after over 200 people, mainly soldiers were killed in the renewed fighting.

 

 

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