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Kenya

Kenyan entrepreneur providing a digital alternative to textbooks

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Kytabu – which comes from ‘kitabu’, the Swahili word for ‘book’ – is an innovative textbook content-leasing app for students. Learners can rent textbooks or specific curriculum material on their phone or tablet, and pay for it with mobile money. There is also a service for schools. “We have got a pretty cool D2C model where a customer can rent a page a day, a book a day, a chapter a day – or for an hour, a week or months. Whatever it is that works for you, based on how much money you have in your pockets,” remarked Kenyan tech entrepreneur Tonee Ndungu, the founder of Kytabu. Ndungu, along with two other entrepreneurs, was recently awarded the King Baudouin African Development Prize.

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Entrepreneur Links Small-Scale African Farmers With Venture Capitalists

There are millions of small-scale farmers locked out of Kenya’s formal economy. Alex Muriu had a vision. The Kenayn native wanted to find a way to help farmers who were struggling financially. In 2014, Muriu, 29, created Farm Capital Africa with the goal of generating wealth through investing in profitable business ventures in the underfunded agricultural sector.

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Kenya: Uhuru Seeks Sh370bn More to Extend Railway to Kisumu

Kenya is seeking an additional Sh370 billion ($3.59 billion) Chinese loan to extend the standard gauge railway (SGR) from Naivasha to Kisumu, pushing the total cost of President Uhuru Kenyatta's pet project to Sh847 billion. The President today led the Kenyan delegation in making a formal request for additional funds from China Exim Bank. The money will finance the construction of the third phase of the SGR, a 270km-line between Naivasha and Kisumu.

"The funding request will undergo normal procedure of approval and Premier Li (Keqiang) has promised to give it the adequate consideration and urgency it deserves," State House Spokesman Manoah Esipisu told reporters in Beijing, where the President has been attending a trade conference.

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Unpacking Kenya as an investment destination

Kenya is one of the more pleasant countries to visit in Africa. It offers a mix of third-world buzz and opportunity along with first-world luxuries such as shopping malls, quality internet access, enough infrastructure to get things done and, more recently, craft beer. Add to that Nairobi’s near-perfect climate (you know it is good when you’re undecided on whether to pack a business suit or not… it is just too warm for a suit, but tolerable nonetheless). It is not surprising then that so many NGOs and organisations, such as the UN, have a strong presence in Nairobi.

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