As he walked up the stage of the Kasarani stadium Sunday, waving to an ecstatic crowd estimated at 4,500, President Barack Obama looked right at home. In a way, he was home. As the first American president to visit Kenya and the first Kenyan-American to become the President of the United States, the highlight of Mr Obama’s three-day visit was a speech to the people of Kenya about progress, promise and the challenges to the…"Unwrapping Obama’s true message to Kenyans"
Kenya has submitted a climate action plan to the United Nations pledging to cut greenhouse gas emissions by 30 per cent by 2030 against business-as-usual levels. This makes the country the latest to do so ahead of this year’s Paris Climate Summit, at which a major push for a global agreement will be made. The nation’s official Intended Nationally Determined Contribution was submitted late last week and sets out a $40 billion (Sh4 trillion) strategy…"Kenya pledges to cut emissions by a third by 2030"
Scientists from a State agency have formally applied to the biosafety regulator for release of GMO maize that has been on trial for commercial production. The application which follows several years of laboratory trials has been jointly submitted by the Kenya Agriculture and Livestock Research Organisation (Kalro) and the African Agricultural Technology Foundation. The scientists want these seeds to be released for mass production to Kenyan farmers. The seeds have been undergoing research at the…"Scientists seek release of GMO seeds to maize farmers"
Norwegian private equity fund, Norfund, has bought shares in agriculture firm Vertical Agro in a Sh476 million (38.7 million Norwegian krone) deal. Vertical Agro is the parent company of Sunripe and Serengeti Fresh which makes it the largest exporter of organic vegetables in the country. The company produces 6,500 tonnes of fruits and vegetables annually from its farms in Kenya, Tanzania and Ethiopia. “Norfund was the first external investor in this local family business,” said…"Norwegian PE pays Sh476m for Vertical Agro ownership"
The property market is showing signs of cooling off with house prices only rising marginally in the second quarter of the year as lending rates rise. The Kenya Bankers Association (KBA) Housing Price Index, which measures the average home prices, increased by 0.2 per cent in the second quarter of the year, slower than the 2.75 per cent increase in the first three months of 2015. KBA director of research and policy Jared Osoro said…"Growth in housing market cooling off, says KBA"
The UN has delayed refunding Sh2.3 billion for Kenyan troops fighting Al-Shabaab militants in Somalia. Treasury documents for the fiscal year ending June show that Kenya expected to receive Sh6.1 billion by the close of the year but had only received S.8 billion. Reimbursement in the just ended fiscal year was delayed for seven months with Kenya finally receiving S.7 billion in February 2015. The money is supposed to be reimbursed quarterly and Kenya had…"UN delays refunding Kenya Sh2.3bn incurred on troops fighting Al-Shabaab"