Agency goes online to track FDI deals
Thursday January 28 2021
By JAMES KARIUKI
Summary
The FDI tool will indicate the status of foreign and domestic direct investments, source countries and metrics of preferred sectors.
PIGA Kenya national coordinator Hellen Rintari said the FDI Tool was a must-have for any investment promotion agency (IPA) and government.
Kenya Investment Authority (KenInvest) has set up a web-based Foreign Direct Investment (FDI) tracking tool enabling it to generate reliable and timely investment statistics for investors and to guide marketing strategies.
The FDI tool, developed by KenInvest through technical and financial support of Partnership for Investment and Growth in Africa (PIGA) will indicate the status of foreign and domestic direct investments, source countries and metrics of preferred sectors.
Kenya Records Increase in Rent, Water and Electricity Costs
A block of apartments in Nairobi, Kenya.
File
The latest consumer price indices and inflation rate report released by the Kenya National Bureau of Statistics (KNBS) shows a worrying trend as housing, water, electricity, gas, and all other fuels recorded a significant spike.
Consumer price indices and inflation rates are generated from data collected through monthly surveys of retail prices that target a representative basket of household consumption goods and services. The Housing, Water, Electricity, Gas and Other Fuels’ Index, increased by 0.59% between November and December 2020, reads an excerpt from the report
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Kenya Breweries and East Africa Maltings want to generate electricity to backup supply by Kenya Power, joining manufacturers seeking independent energy sources.
in a notice, the two subsidiaries of East Africa Breweries Limited said they intend to set up renewable energy generators at Nairobi and Kisumu plants.
The East African Malting plans to set up a KVA generator at its Kampala Road plant with a capacity to generate 2.2 megawatts of electricity.
Kenya Breweries Limited on other hand plans to generate at least 9.3 megawatts at its Ruaraka plant and a 2.4-megawatt from solar power in Kisumu. The purpose of this power generation is for own use as a backup during power outages from the national electricity provider to ensure continuity of operations, the brewer said.
Govt to Deploy 2,421 Interns to Various Ministries
20 January 2021 - 11:24 am
St Paul s University graduates in 2017. The institution was ranked third nationally by uniRank, a leading international higher education directory.
The Government has announced that 2,421 university graduates would be deployed to various ministries, departments and agencies under the State internship programme.
The program, which begins on Monday, January 25, will see the interns posted across 290 constituencies in the country.
The State internship programme draws interns from a range of courses including engineering, business, education, humanities, education, animal sciences.
UoN graduates during a graduation ceremony at the institution in July 2019.
However, the number of recruits has registered a 23.1 per cent drop compared to 3,150 interns enrolled in the program the previous year.