Kenya Breaking News, Business Information, Articles, Africa - kenyadetails

Kenya’s Automobile Industry Booming, Despite Challenges

With the recent introduction of one of the luxury car dealer Porsche on its market, the automobile industry in Kenya has been immediately ranked as one of the most dynamic sectors of the East African economy competing on pricing and brand reputation, despite the challenge related to the availability of spare parts.

Among the key auto industry looking to launch their assembly factory in Kenya in a move to avoid 25 percent currently being applied on imported vehicles, it includes India's Tata Motors which is looking to make strategic investments in East Africa through f ighting for dominance in jeeps and pickup truck market by 2017.

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E-commerce gains traction in rural Kenya

Kenya's rural population is increasingly taking to the internet and aggressively placing orders online catching up with their urban counterparts, an internal survey by Jumia Kenya has revealed.

According to the survey, which was revealed by the company, of the over 3,000,000 web visits sampled, urban traffic to the Jumia site stood at 77% in 2014 with rural traffic at 23% while urban deliveries accounted for 61% and rural 39%. In 2015, urban traffic maintained lead at 60% as rural traffic recorded a 17% rise to stand at 40%. Urban deliveries receded by 6% to 55% compared to 61% the previous year with rural deliveries climbing to 45%.

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Deloitte report ranks Kenya high in infrastructure projects

Kenya continues to lead the region in terms of infrastructure development with 20 roads, energy, harbors,water and energy projects. Ethiopia comes second with 12 projects according to a report compiled by consultancy Deloitte.

Large mega projects for the last three years occupied up to 20 per cent of all the total capital investment in Africa with a cumulative worth of US$568 billion, a big chuck of it coming from financiers and foreign aid such as the World Bank and even China.

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Kenya: Cisco & Seacom unveil start-up hub in Mombasa

Cisco Systems, Seacom, and the National Museums of Kenya (NMK) have partnered to create a technology hub in Mombasa. The hub, which has been named SwahiliPOT, has been created to target software developers from universities based in the coastal town.

The report reveals that MNK has donated office space, while SEACOM is preparing to provide 40 MB of its high-speed Internet service for free. Cisco, according to the report, is providing computing hardware.  Despite being a landing station for undersea fibre optic cables from Seacom, TEAMs, Eassy and Lion, Mombasa town has no start-up technology hub.

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