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Report: Kenyans Optimistic That 2018 Will Be A Better Year, Majority Looking To Venture Into Businesses Than Being Employed

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Majority of Kenyans (64%) are optimistic that 2018 will be a better year than 2017.  However, there is a significant number of Kenyans (17%) who are not sure about what the year holds in store and are adopting ‘a wait and see’ attitude.

Another notable number (14%) feel that this year will be worse than the just ended 2017.  These revelations are according to the New Year Survey conducted by TIFA Research between the 12th and 16th December 2017.

Kenyans are hopeful that the start of 2018 will be a game-changer, especially on the divisive nature of Kenyan politics and hopefully the year will signal a return to normalcy for the country. Kenyans are also hoping that politicians will give them a break for the next 5 years so as to allow the country to focus on economic development that will spur job creation and the lowering of the standards of living as the country takes a path to recovery.

Nyanza, Western and North Eastern Most Pessimistic about 2018

The survey also reveals that the optimism levels of Kenyans vary by geographical regions. In terms of those who feel that 2018 will be better than 2017, residents of the Central region (81%) are the most optimistic followed by Eastern (73%) and Rift Valley regions (69%).  The least optimistic regions include Nyanza (49%), Western (49%) and North Eastern (42%).

Jubilee Supporters are more optimistic than NASA Supporters

More than 75% of Jubilee supporters feel that 2018 will be better than 2017.  On the contrary not more that 50% of NASA Supports feel that 2018 will be better than 2017.

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Better employment prospects and political environment expected

Although the economy had slowed down during the election period at the tail end of last year, majority of Kenyans expect a turnaround in the economy in 2018.  In addition, majority of Kenyans expect to see better employment prospects, better political environment, a reduction in the cost of living and better security.  This signifies that Kenyans see the link between better economic performance and improved employment prospects and reduced cost of living.

High Optimism Towards Education and Public Health Sectors

According to the TIFA New Year Survey, 70% and 69% of Kenyans expects primary/secondary and higher education respectively to improve in 2018.  These high expectations are recorded against the backdrop of a number of reforms in the education sector. The changes in this sector include the expected introduction of a new curriculum, new text book policy and stringent measures that have secured the integrity of national examinations.  In the higher education sector, public university lecturers resumed work in December 2017 after they signed a Collective Bargaining Agreement (CBA) with the government. This signals the end of a protracted battle which had interrupted learning in higher institutions.

In March 2017, the doctors in Kenya ended their 100-day strike after signing a collective bargaining agreement with the government.   However, to the detriment of Kenyans, the nurses’ strike began less than three months after the doctors’ strike came to an end and lasted for 151 days.    These strikes exerted a lot of pressure on the public health system, making many Kenyans to suffer.  With both doctors and nurses now back to work, it is not surprising that 67% of Kenyans feel that the public health sector will improve in 2018.

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Main Focus of 2018: Entrepreneurism, Job Hunting and Advancement of Education

Looking at the goals for 2018, a third of the total sample said that they intend to set up a business with 32% mentions. The second highest goal is to get a new job by 24% of the sample.  Advancing education is a goal among 22% of the total sample while additional academic qualifications is considered a strategy of enhancing prospects for promotion and subsequently increase in one’s remuneration.  Also mentioned were goals such as getting work-life balance, constructing of a house, getting married, upgrading/investing in farming. Purchase of a car and land generated only 3% mentions.

Find the report below. Tap and scroll to read.

New-Year-Poll_Kenyans-Optimistic-About-2018_TIFA-Research_Final


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Henley Index: The Kenyan Passport Is Now The Strongest In The Region With 71 Countries You Can Visit Without A Visa

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New generations Kenyan passport.

For some people, a passport is a portal to the world. For others, it is a barrier to the travel freedom they seek.

According to the Henley Passport Index, which is the most rigorous and sophisticated measure of global access, Kenyan passport has been ranked the 73rd most powerful powerful in the world with 71 destinations listed that you can visit without a visa or issued with a visa on arrival.

The Henley Passport Index is the only passport index that is based on IATA data, enhanced by extensive in-house research, supported by expert commentary, and updated regularly throughout the year, making it the most robust, credible, and reliable index of its kind.

Kenya which is still the strongest passport in the East African region, has however dropped in rankings compared to 2017 where it was at 68th now down by 4 points to 73 a significant drop.

South Africa holds the 3rd strongest passport in Africa at position 52 globally with 102 visa free destinations. Nigeria is at 94th with only 47 destinations.

Kenya has the 6th most powerful passport in Africa after Seychelles which is 25th with 152 destinations, Mauritius, 31st with 146 destinations, South Africa and Namibia which is at 69 with 79 visa free destinations.

Regionally, Kenya is the strongest with Tanzania coming right after at position 74 with 68 visa free destinations. Uganda, 77th with 64 destinations. Rwanda at 87th with 54 destinations.

Chart indicating Kenya’s performance over the years.

Japan has overtaken Singapore to claim the top spot on the 2018 Henley Passport Index, having gained visa-free access to Myanmar earlier this month. Japan now enjoys visa-free/visa-on-arrival access to 190 destinations, compared to Singapore’s total of 189. Japan and Singapore have been neck and neck on the index since they both climbed to 1st place in February — following a visa-exemption from Uzbekistan — and pushed Germany down to 2nd place for the first time since 2014.

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This quarter, Germany has fallen further to 3rdplace, which it now shares with South Korea and France. France moved up from 4th to 3rdplace last Friday when it gained visa-free access to Uzbekistan, while South Korea moved from 4th to 3rd place on 1 October when it gained visa-free access to Myanmar. Germany, France, and South Korea all have a visa-free/visa-on-arrival score of 188. Iraq and Afghanistan continue to hold the bottom (106th) spot of the Henley Passport Index, with only 30 destinations accessible to their citizens.

The US and the UK, both with 186 destinations, have also slid down one spot — from 4th to 5th place — with neither having gained access to any new jurisdictions since the start of 2018. With stagnant outbound visa activity compared to Asian high-performers such as Japan, Singapore, and South Korea, it seems increasingly unlikely that the US and the UK will regain the number 1 spot they jointly held in 2015.

Countries that you can visit with a Kenyan passport without a visa or be issued with one on arrival can be accessed here:

Asia: Cambodia, Laos, Macao(SAR China), Maldives, Nepal, Timor-Leste.

Africa: Benin, Burkina Faso, Cape Verde Islands, Comores Islands, Congo, Djibouti, Guinea-Bissau, Madagascar, Mauritania, Mozambique, Seychelles, Nigeria, Sierra Leone, Somalia, South Sudan, Sudan and Togo.

Oceania: Palau Islands, Samoa And Tuvalu.

St. Lucia

Americas: Bolivia

Middle-East: Iran and Jordan.

This list mutates so you have to check with your travel agent.

For several years, the South African passport has remained the third strongest on the continent in terms of its levels of access, with Lrst and second place held by the Seychelles and Mauritius, respectively.

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Both islands continue to outperform their continental counterparts due to their maintenance of prized visa-waiver agreements with Schengen countries as well as their own relatively open visa policies, which have generally been reciprocated.

The Seychelles, which renders itself a completely visa-free destination, secured further deregulated visa access for its passport-holders through visa waivers from the governments of Thailand and Angola in the Lrst quarter of 2018. Similarly, Mauritius, which is visa-free for all but 16 countries, secured a visa-waiver agreement with New Zealand in April 2018.

Although the rest of Africa continues to lag behind in the accessibility of their passports, there is reason for optimism. While visa-free access outside of the continent is still limited, African states are increasingly deregulating visa regulations for their continental counterparts.

A case in point is Angola, which recently removed visa requirements for nine African countries: namely, Lesotho, Madagascar, Malawi, Cabo Verde, São Tomé and Príncipe, Morocco, Swaziland, Algeria, and Zambia. Similarly, the undertaking of the Central African Economic and Monetary Community to grant visa waivers to passport-holders of its member states (Cameroon, Equatorial Guinea, Central Africa Republic, Congo- Brazzaville, Gabon, and Chad) could also be replicated by other regional political blocs seeking to promote the African Union’s vision of increasing inter-African trade and travel, as outlined in its Agenda 2063 mandate.


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Mombasa County Launches Open Roof Double Decker Sightseeing Busses As Joho’s Goverment Strives To Boost The Tourism Industry

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The launched double decker bus.

Trade, Tourism and Investment CECM Hon. Fawz Rashid officially launched the Mombasa Sightseeing Bus at the Tusks earlier today. Among those present during the launch were Archbishop Martin Kivuva, Mombasa County Chief Officer Mr. Innocent Mugabe, Tourism Finance Corporation MD Mr. Jonah Orumoi, Proul-Mombasa Sightseeing Bus Limited acting CEO Ms. Evelyn Lelle, Kenya Association for Hotel Keepers and Caterers CEO Mr. Sammy Ikwaye and Kenya Coast Tourist Association CEO Mr. Julius Owino.

The bus

The introduction of the double-decker sightseeing buses to Mombasa’s tourism scene is a major milestone towards elevating our tourism industry and building the infrastructure for sustainable tourism success.

This service addresses a gap in the sector that exists today, whilst also making Mombasa more appealing as a leisure destination to tourists. These tours will be one of the best ways for visitors in Mombasa to get acquainted with all that this unique city has to offer.

The county government of Mombasa will work hand in hand with the management of the sightseeing buses to put a facelift at the various stopping points to give tourists the opportunity to have quality interactions with our rich history and culture through sampling of our local cuisines, shopping for our traditional souvenirs and taking part in our local dances and music.

A ride on the bus giving such a view.

This will also loop in our youth and women into the tourism value chain as they provide these lasting memories to our visitors. This sightseeing bus should not only offer a fantastic service for tourists coming to Mombasa but for people living or working in or around Mombasa who might have a couple of hours to spare, or friends and relatives visiting from out of town.

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The open roof double decker bus will allow tourists to hop-on and hop-off as much as they like at any of the bus stops on the route and see all the best sights and attractions that Mombasa city has to offer.


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Cytonn’s Quarterly Company And Market Update Gives New Economy Outlook And Exciting Opportunity For Investors

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Cytonn CEO Edwin Dande

https://crm.cytonn.com/events/weekly_real_estate_site_visit

On 29th September 2018, Cytonn held its Company, Markets & Projects Updates Event for Quarter 3. The quarterly forums enable the company to provide updates to investors on our outlook of the economy and attractive investment opportunities, while also addressing any questions clients may have pertaining to their investment with Cytonn.

The event was held at The Alma, a comprehensive residential development in Ruaka by Cytonn Real Estate. Investors present also had the chance to inspect the progress of The Alma which is currently 67.0% complete, and visit the show houses for the 1, 2 & 3 bedroom units.

Speaking during the forum, John Ndua, Cytonn’s Investment Associate presented Kenya’s economic review, highlighting the various areas that will shape economic growth in 2018. “We maintain our positive outlook on the 2018 macroeconomic environment, supported by Agriculture, Real Estate, Construction, together with accommodation and food services”, noted Ndua.

Victoria Wanyanga, Cytonn’s Project Management Assistant updated on the progress of the various projects by Cytonn Real Estate. These projects include the Amara Ridge, which is 100% complete with all units sold, and The Alma which is 67.0% complete with hand-over of the 1st phase expected in Quarter 1, 2019, among others.

Grace Weru, Cytonn’s Finance and Administration Manager, gave important updates regarding the Cytonn High Yield Solutions (CHYS), an investment product by Cytonn Investments. Grace highlighted the governance structure of CHYS, noting that assets under management had grown from Kshs. 7.6 billion in December 2017 to Kshs. 10.3 billion as at September 2018.

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Faith Maina, Investment Analyst at Cytonn Investments, presented the actionable investment opportunities, noting that there are three broad ways through which one can invest in real estate. These are equities, mezzanines and project notes. “Project Notes are used to finance real estate developments, and allow all investors access to attractive real estate returns, that would not necessarily be available in the public domain’’, said Faith.

Cytonn Investments, noted that the main reason the company holds such events at their real estate developments is to boost investor confidence and show them the progress of the projects. Edwin, also explained in detail the dispute that part of the Senior Management of Cytonn Investments are involved in with their former employer, Britam, assuring the investors that there was no foul play from their part, and urging them to maintain their confidence in the company.

He also led the Q & A session, where client questions were addressed by Senior Management.


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