Author: Kang'ethe Njoroge

The 12th edition of The Annual Investment Meeting (AIM), highlighted investment hotspots in various parts of the world. The sessions focused on Namibia, ASEAN and the Russia region as well as new investment destinations such as Moscow and Armenia. Experts highlighted how the increasing cooperation is leading to a favourable investment climate and opening up new opportunities for businesses. The 12th edition of the the Annual Investment Meeting (AIM) has highlighted Namibia among other top investment hotspots internationally. AIM, which was hosted in Abu Dhabi, UAE, featured a series of regional and destination forums demonstrating available opportunities in various parts…

UAE Minister of Tolerance and Coexistence H.E. Sheikh Nahyan bin Mubarak Al Nahyan cites the nation’s unique standing in fostering tolerance and coexistence globally. UAE is one of the most religiously, politically, and socially diverse countries in the world making it ideal to invest in.  The UAE has always provided a tolerant and safe society with quality education, enabling families to live peacefully and work together without fear of violence.  The 12th edition of the Annual Investment Meeting (AIM) featured a highly impactful session on tolerance and coexistence. The highlight was the signing of MoUs between six nations and the…

Financial technology has become an important support for the development of countries around the world. Digital technology, data resources, and intelligent technology can promote digitalization across the globe. At the global meet, experts provided insights on the opportunities and challenges of digital transformation in the financial sector within the Arab world. Investors across the world are closely monitoring digital transformation, financial inclusion and sustainable finance trends in the Arab world. These revelations emerged as a top agenda during the just concluded Annual Investment Meeting (AIM) in Abu Dhabi, UAE. Director and Advisor at the Secretary General Office–Union of Arab Banks…

The Annual Investment Meeting and Emirates Angel Investors Association agree to turn UAE into a thriving base for startups. The collaboration is expected to create a positive impact on the United Arab Emirates’ startup ecosystem.  The partnership will link startups with a wide network of investors, as well as the necessary resources and mentorship. The Annual Investment Meeting (AIM) and Emirates Angel Investors Association (EAIA) have joined forces to strengthen their efforts towards promoting startups. The collaboration between AIM and EAIA is expected to create a positive impact on the United Arab Emirates’ startup ecosystem. The UAE has been a…

The 12th edition of the Annual Investment Meeting (AIM) featured a one-of-a-kind masterpiece by renowned artist Nadmid Sergelen. The piece captured the Cultures and Accomplishments of Mankind while illustrating the Synergy and Diversity of Life on Earth called ‘One Day of the World,’.  Day 2 session on ‘Investment Monitor’s FDI Report 2023: A focus on the Middle East & Africa focused on the two areas’ investment landscape.   Day 3 commenced with a panel discussion on Sustainable Investment Opportunities in FDI.  The 12th edition of the Annual Investment Meeting (AIM) featured a one-of-a-kind masterpiece created by the renowned artist Nadmid Sergelen.…

The three-year $3 billion programme will support viable trade and related investments in Kenya in both private and public sectors. It will be implemented using loans, guarantee facilities, trade services, investment banking and advisory services. The financing will also go to the creative arts sector through the Kenyan government’s youth empowerment programme. The Afreximbank is rolling out a $3 billion program aimed at spurring Kenya’s economic growth. The three-year programme by the African Export-Import Bank will support viable trade and trade-related investments in Kenya’s private and public sectors.  The financing will be implemented using several instruments including loans, guarantee facilities,…

A new $273,716 Growth for Jobs Tourism Challenge Fund seeks to grow South Africa’s tourism numbers by engaging SMEs. The fund will support regional and local tourism organisations, industry associations, and district and local authorities The target SMEs are expected to grow and expand their tourism product offerings. South Africa has lined up a $273,716 fund to empower small businesses in the tourism sector to enhance their offerings. The $273,716 Growth for Jobs Tourism Challenge Fund will grow South Africa’s tourism numbers through local small businesses.  Minister of Finance and Economic Opportunities Mireille Wenger said the fund will power the…

The FAO Food Price Index averaged at 127.2 points in April 2023, up 0.6 percent from March. According to FAO, the April rise reflected higher prices for sugar, meat, and rice. Price declines were, however, recorded for cereals, dairy, and vegetable oil price indices. FAO Chief Economist Maximo Torero terms the increase in rice prices “extremely worrisome”. Global food prices edged up in April for the first time in the past year. The FAO Food Price Index, which tracks monthly price changes, averaged 127.2 points in April, up 0.6 percent from March. The Index was 19.7 percent below its level…

New standard to guide how Payment Service Providers and institutions regulated by the CBK issue quick response (QR) codes. Merchants will be able to receive payments from multiple channels such as banks or mobile wallets. CBK says long-term use of standardized QR codes will facilitate the launch of innovative products. Consumers in Kenya can now make digital payments in an easy, fast, and convenient way through quick response codes. This week, the Central Bank issued the Kenya Quick Response Code Standard 2023, also shortened as KE-QR Code Standard 2023.  The service seeks to boost digital payments, which are offered by multiple…

The funding, Mozilla African Innovation Mradi, promotes ideas based on unique African user needs. The program scouts for innovation that produce a meaningful impact on the African internet ecosystem. Kenya is a leader in broadband connectivity, ICT infrastructure and is home to over 300 tech start-ups. Kenyan tech start-ups are jostling for a pie of Mozilla’s $300,000 funding targeting projects solving unique user needs in Africa. The funding, a collaboration between Mozilla Africa Mradi and the Nairobi City County, will supporting tech-based firms in Kenya’s capital.  Dubbed Mozilla African Innovation Mradi, the funding promotes innovation led by and grounded in…