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Archive for June, 2012

East Africa’s Investment choice

19 Jun

The property market in Kenya has seen massive opportunity, mainly along the Indian Ocean coastline within the many game reserves Kenya is so famous for.

In addition to being the business hub of East Africa, Kenya is blessed with natural beauty, incredible scenery and abundance of rare and amazing wildlife. Its tourism sector has continued to flourish and the country even attracted property investment into the game reserves in the form of commercial lodges for tourism and also along the Indian Ocean coastal region in the form of a few second home and retirement home developments as well as some holiday resorts and commercial ventures as well.

The increasing number of visitors to Kenya has inevitably boosted the more conservative business confidence in the country and gradually the economic fortunes of Kenya are beginning to see a sustained positive shift.

So weather you are making a long term residential or commercial property investment, Kenya is definitely a significant choice thanks to the growing tourism sector and the solid growth in their underlying investment technology.

 
 

Welcome to the global village

12 Jun

Globalisation, International trade, exchange rates and immigration; these are just some of the phrases that tell you we are living in the global village. Our understanding of this term is relative to our circumstance and the context in which the phrase is used. For me it is a metaphor of the new media technology and the speed and ease it has brought to different aspects of our lives.

The phrase speaks of connectivity, speed and an awareness of what is happening half way round the globe- when it happens; all of which are important to anyone who is living thousands of miles away from their loved ones.

Enter Kenya’s new mobile-money system called M-PESA. It is really is changing the way Kenyans manage their money, by letting them borrow, save and pay for services more easily. M-PESA is a mobile money transfer service in Kenya offered by Safaricom, which has attracted more than 13.5m customers since its launch in 2007. Its services have been welcomed by thousands of Kenyans working abroad. According to the Central Bank of Kenya, Kenyans living outside their home country sent USD642m home in 2010 – up from the USD609m sent home in 2009.

This means that, if for some odd reason you were not yet a part of this global village, all you need is a mobile phone and you are officially in!