Tracy Mulei, a Kenyan logistics entrepreneur providing customers with a new approach to delivery services
- Published: Monday, 21 August 2017 11:26
- Sourced by SolutionsTeam
Six women were on the verge of making political history on Wednesday after they were elected to key seats that evaded female politicians in the last elections. Outgoing National Assembly Deputy Speaker and Bomet MP Joyce Laboso, and former Cabinet secretaries Anne Waiguru and Charity Ngilu were headed to become the first women governors in the country. Ms Ngilu, who also served in President Mwai Kibaki’s government, was on Wednesday basking in the glory of surmounting great political odds to clinch the Kitui gubernatorial seat.
The veteran politician was set to beat two political giants; Kitui Senator David Musila and incumbent Julius Malombe, after opening a 50,000 vote lead. It will be sweet victory for the Narc Party leader in two ways: Ms Ngilu will not just revive her career that suffered a setback after she lost Kitui senatorial contest in 2013 and her subsequent sacking from the Cabinet, but she also managed to dislodge the dominant Wiper Party from Kitui County politics.
Chinese e-commerce tycoon Jack Ma has been impressed with his two-day visit to Kenya, and the Alibaba founder admits that he will be considering making investments in the country. Asia’s richest man traveled to the country on his first visit to Africa, along with a delegation of China’s richest billionaires including internet tycoon Bob Xu, founder and chairman of Mengniu Dairy, Niu Gensheng, real estate tycoon Huang Youlong, and Alibaba founding partner Lucy Peng, according to ITNewsAfrica. Ma made numerous appearances during the two days, speaking with young entrepreneurs on a few occasions while also addressing hundreds of senior executives from the East African nation in a large ballroom at a five-star hotel.
“Access to credit should be a basic right for everyone,” states 26-year-old Peris Bosire, co-founder of FarmDrive in Kenya. The problem we are addressing is the lack of access to finance for smallholder farmers from the formal financial ecosystem… They are left with a hole in their pocket because they just don’t have any access to working capital.” Bosire experienced this first hand growing up in a farming community in Kisii, situated in south-west Kenya. She watched her family battle day-to-day challenges such as poor yields and post-harvest losses. It was hard work, and many of their troubles could have been eased through quality farming inputs and modern equipment. But financial institutions were unwilling to provide them with the financing to do so, which left them in a catch-22 situation: they needed capital to help grow their farm beyond the subsistence level, yet banks would only provide loans to larger established commercial farmers with credit histories and collateral. This left them financially “stuck”.