Business News Highlights

Uber defends move to lower prices, says drive will increase demand for taxi services

A recent move by Uber to lower its prices 35 per cent will increase demand for the multinational taxi company’s services, the firm has said. The firm’s Kenyan subsidiary has stated that while the price cuts kick in, Uber will have minimum earnings guarantees in place to encourage drivers to test the impact for themselves.

An Uber spokesperson said the taxi company is putting in place minimum payment guarantees for drivers to ensure they don’t lose out. Uber stated that at this stage in the company’s growth, the firm has seen a lot of price cuts, so and now has a good sense of how they work.

Amref commits Sh3.8 billion to improve health care services across all 47 counties

Amref Health Africa has committed a budget of $38 million (Sh3.8 billion) to improve health and health care services across all 47 counties in Kenya this year, with a focus on reaching communities and households where the need is greatest, and especially women and children. An MOU signed between Amref and the Council of Governors (CoG) establishes a framework of formal cooperation between the COG and Amref Health Africa in training in health; Consultancy services in health; Support healthcare service delivery; Support governance in health; Support commodities and technology in health, including electronic and mobile solutions; and Community engagement.

Amref Health Africa has long-standing linkages at the grassroots with community health workers, who are the lifeline for hundreds of thousands of people who would otherwise have no access to the most basic healthcare services. These linkages will be instrumental in facilitating collaboration between the counties and Amref Health Africa in community engagement, as spelt out in the MOU.

Over 93,000 families to benefit from Sh19 billion World Bank project

More than 93,000 households whose livelihoods rely mainly on pastoral activities are set to benefit from a $197 million (Sh19.97 billion) initiative dubbed the Regional Pastoral Livelihoods Resilience Project (RPLRP). The project will directly assist 14 Counties participating in pastoralism.

The RPLRP initiative, supported by the World Bank Group, is designed to help beneficiaries manage climate risks as well as develop coping mechanisms against drought and animal diseases that are frequently the bane of African pastoralists. World Bank Country Director for Kenya Diarietou Gaye said their main focus is on livestock since it is the single most important asset and the key source of food and income for pastoralists.

Generation Kenya graduates to get employment from partner firms

More than 1,000 young Kenyans who graduated from a youth employment program dubbed Generation Kenya last week will get employment opportunities from firms that are part of the mentorship program.

Graduates were guaranteed interviews with Generation Kenya’s more than 60 employer partners, including Liberty Insurance, Britam, Barclays, Java House, Bidco, Carrefour, Woolworths and Old Mutual, to name a few.

The graduation took place at Kenyatta International Convention Centre in the presence of President Uhuru Kenyatta and United States Deputy Chief of Mission, Paul Sutphin.

Launched just over a year ago, Generation Kenya has already given 1,600 young people the skills they need to succeed in the private sector.  Funded by McKinsey & Company and the United States Agency for International Development (USAID), 98% of graduates have already been placed in jobs in one of three careers: banking and insurance sales representatives, retail store assistants and fast-moving consumer goods sales representatives.

Kenya pledges cooperation with Morocco in quest for economic stability and security

Kenya’s Government has said it will continue to work closely with the Kingdom of Morocco to strengthen bilateral relations between the two countries and explore development and investment opportunities. The two countries have boosted their respective tourism sectors with the recent launch of direct flights between Casablanca and Nairobi by the Royal Air Maroc.

Kenya and Morocco share the same views on a number of international issues, such as multilateralism, global peace and security, and protection of the environment. Kajiado Senator Hon. Peter Mositet stated in a recent address that Kenya greatly appreciates Morocco’s outstanding involvement in the United Nations system, and especially its important contribution to peacekeeping operations and efforts towards reforming the Security Council. Kenya is expected to continue to partner with Morocco in these endeavours and to advance Africa’s socio-economic agenda on the global arena.


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