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Moderna to Build its First African Vaccine Plant in Kenya Worth $500M Moderna to Build its First African Vaccine Plant in Kenya Worth $500M
Politics

Moderna to Build its First African Vaccine Plant in Kenya Worth $500M

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Politics

Kenyans Will Now Pay More for Internet and Calls Following New Finance Bill Ruling

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Image sourced from Kenyan Wallstreet A new amendment in Kenya’s Finance Act of 2018 sought to change taxing on telephone and internet services from 15% to 20%. The change is set to go live today, 1 July. The amendment has seen criticism in the country since its first announcement because a large majority of Kenyans use their phones for both internet access and communication via SMS and calls. The country has also seen the recent adoption of many new services on mobile devices. New mobile services such as applying for a driver’s license, land transfers, paying for parking, and other licensing platforms, are but a few that will see increased taxation through usage. Techweez believes that the increased taxes will negatively affect the growth of mobile phones and internet penetration that has ...

Politics

Does the Pandemic’s Impact in East Africa Demand Accelerated Digital Transformation?

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Image sourced from US News. The COVID-19 pandemic has had a severe socio-economic impact in East Africa. While the region has escaped the worst of the health impact – infection and mortality rates are comparatively low next to those of Europe – the impact on businesses, communities and households has been devastating. With the exception of Kenya, Tanzania and Djibouti, countries in the region experienced negative real GDP growth in 2020, although all countries (with the exception of Sudan) are forecast to record positive growth this year. Traditional foreign exchange revenue sectors such as international tourism have all but disappeared. Data from the UN indicate that tourism numbers declined by 91% in Kenya: in August 2019, the country received 162,000 tourist visitors. By August 2020, th...