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

Kenya’s economy expands by 5.6pc

The economy grew by 5.6 percent last year mainly driven by agriculture that performed well due to good rains received during the year.

The growth is higher than the 5.3 percent registered in 2014. Agriculture grew 5.6 percent in 2015 from 3.5 percent the previous year, driven by abundant rainfall.

Most economic sectors also expanded except tourism, which continued to bear the brunt of travel advisories by key source markets and worries about insecurity.


Property developers embrace new technology to cut costs

Property developers are embracing alternative technologies to cut costs and maximise the returns while still maintaining quality standards.

This is in response to the rising costs of construction and finance which have made housing unaffordable to many people.

Among the new technologies being applied is the expandable polystyrene system (EPS), which could replace the traditional brick-and-mortar process.


Kenya among few countries that weathered 2015 economic storm

Kenya is among the few Sub-Saharan African countries that weathered the 2015 economic storm to record an impressive growth, according to a new survey.

The International Monetary Fund (IMF) in its latest Regional Economic Outlook Survey for Sub-Saharan Africa, showed that while the continent recorded its lowest growth in 15 years in 2015, Kenya and a host of other African countries shrugged off the turbulence to record impressive growth.


Bidco Africa begins constructing beverage plant in Kenya

Bidco Africa which manufactures daily consumer products has began the construction of  a US$ 40m beverage plant in Kenya with commissioning planned for mid 2017.

The new beverage plant in Kenya, to be constructed in Thika will comprise of a production and bottling facility for non-carbonated still drinks, carbonated soft drinks and water and will be funded by theInternational Finance Corporation (IFC).