For the time being, the biggest winner in Kenya’s ride-booking rivalry appears to be the country’s citizens. The competition for passengers between the world’s highest valued start-up and Kenya’s largest telecommunications company is delivering local consumers cheaper and more reliable transport options, along with all kinds of new promos and IT product offerings. When it comes to digital transit in Kenya, globalization with a local twist could add up to a net positive for the people.
Kenya Airways’ chairman has said he will step down this year as the crisis blighting the loss making airline escalated on Sunday when outsourced staff failed to turn up for work, forcing flights to be cancelled.
Europe is in crisis, and yet countries in East Africa are ready to sign on a poorly understood trade agreement with the EU whose overall impact will be disastrous for years to come. EPA will favour trade in the direction of Europe and stunt African progress.
Credit insurance, also known as receivable insurance, can help smaller businesses withstand failed or severely late payments from customers.
Any investor with a long term view would see attractive prospects and openings in Africa, contrary to the usual narrative about businesses in Africa which tends to dwell on the negatives –, high rates of inflation, depreciation of currencies and energy crises.