Author: Maingi Gichuku

After years of falling behind equities and fixed income in terms of the rewards they offered to investors, real estate has once again returned to the top end of returns offered by asset classes in the country, thanks to a price appreciation of 10.5% and an appreciation of 2.4% in rental yields over the same period.

Investors in government securities, which account for the vast majority of fixed income assets in the country, have been offered interest rates ranging from 7.2% to 14% across the spectrum of tenors, even though the All Share Index on the Nairobi Securities Exchange (NSE) has decreased by 16% so far this year.

“The net result of the rising rents and property values is an increase in overall property returns of 16.26% annually. These returns outperform other asset groups and provide safer inflation hedges,” added Ms Hassanali.…

Over the course of the two agricultural seasons that will comprise 2022 and 2023 in Togo, the country anticipates producing an additional 37,500 tonnes of grains. The food and nutrition security of approximately 120,000 additional people will be improved.

The National Food Security Agency, Management Pool and Agricultural Input Supply, the Advisory and Technical Support Institute, and the Agricultural Financing Incentive Mechanism are just some of the organisations that benefit from the comprehensive capacity-building component in the works for the Togolese agricultural sector.

The AfDB Group launched a US$1.5 billion African Emergency Food Production Facility on May 20, 2022, to address the effects of the war between Russia and Ukraine, leading to soaring food prices worldwide. The facility aims to provide agricultural seeds to 20 million producers across Africa.

This facility was launched in order to address the effects of the war between Russia and Ukraine, which has led to …

During a press conference on Wednesday, the company’s Chairman Mehment Coskun stated that the KShs91 billion investment would be used to manufacture six different products.

These products include ceramic and granite tiles, sanitary towels, toilet paper, towel napkins, and iron and aluminium products.

However, according to Coskun, seventy per cent of their output will be destined for the export market in the United States and Europe.…

• Network International has announced it will collaborate with Infobip to deliver WhatsApp for Business banking services to various financial institutions across Africa
• For individuals, this means that people can access their money securely and speedily and make use of the most recent chatbot technology
• Infobip is one of the significant providers of A2P SMS services worldwide

Network International, a provider of digital payment solutions, has announced that it will collaborate with Infobip in order to deliver WhatsApp for Business banking services to various financial institutions across Africa.

The full-stack cloud communications firm, Infobip is one of the significant providers of A2P SMS services worldwide. It will assist Network International in fulfilling its mission of expanding financial inclusion throughout Africa.

The agreement will assist financial institutions in providing world-class support and seamless services in a personal, timely, and reliable manner.

This assistance will be provided in addition to assisting financial institutions …

It is expected that the industry, which is generally one of the country’s top suppliers of foreign cash, will earn Sh173 billion this year, which is an increase of 18.5 per cent from the previous year.

Earnings dropped to a total of 88.6 billion shillings (Sh88.6 billion) due to governments all over the world restricting the movement of people, primarily through the closing of airspaces.
The number of hotel nights occupied by Kenyan tourists more than doubled during this period, which contributed to the increase in revenue to 146 billion shillings last year.

Due to the epidemic, local resorts, which typically focus most of their marketing efforts on attracting visitors from other countries, were compelled to cater to vacationers from within their own country by providing discounted room rates.

The number of tourists from different countries was still significantly lower than before the epidemic, reaching slightly under 870,500 in 2018, …

Payments have historically been a complex problem for African businesses and the banks serving them.

For this reason, companies need to collaborate with many partners to process the numerous types of payments that customers use. This is necessary since each nation prefers a different group of payment alternatives.

Card payments, an area in which banks perform exceptionally well, have a shallow level of penetration, which presents a challenge for banks considering the size of the population without a bank account and the popularity of mobile money.…

NOCK completed a Magnetotelluric (MT) exercise on the Magadi sub-basin at the end of the previous year, intending to gather data as the company strives to improve the quality of its data on the block to assist in the identification of drill-able prospects within the block.

The exercise was designed to gather more data because the Corporation wants to help identify drill-able prospects within the block. The Corporation is currently conducting a number of further studies for the purpose of data collecting, which will assist in marketing the block to prospective farm-in partners.

As a result of the completion of the initiatives, the Corporation’s connection with the communities that live within the block has significantly improved.…

• The Ghanaian parliament has approved a proposal by the government to borrow up to US$750 million from Afreximbank
• A seven-year portion of the loan is broken up into two parts: one for US$102.19 million with an interest rate of 6.49 per cent overall, including fees, and another for 101 million dollars with a rate of 9.55 per cent overall
• In June, Finance Minister Ken Ofori-Atta requested parliament to accelerate the authorisation of the loans

The Ghanaian parliament has authorised a proposal by the government to borrow up to US$750 million from the African Export-Import Bank for the 2022 budget.

In June, Finance Minister Ken Ofori-Atta requested parliament to accelerate the authorisation of the loans.

However, differences have held up the process even though the country faces skyrocketing inflation, lacklustre economic growth and a tumbling local currency.

The vote by the deadlocked parliament eliminates a significant obstacle for the government of …

The Fund’s portfolio firms have also generated substantial impact at scale in recent years, reaching over 136 million Africans with inclusive and digital solutions.

For every dollar spent, more than one user on the continent benefits from the investment.

The Fund has been responsible for creating and maintaining approximately 1,400 direct employment with its current portfolio, and women make up an average of 35% of the workforce.

The Fund will support African entrepreneurs in their efforts to scale the breakthrough technologies they have developed across Africa and beyond. Additionally, the Fund will continue to support global entrepreneurs in their efforts to expand their businesses into Africa…

• Uncap, a platform for early-stage investment for African entrepreneurs invites start-ups to apply for up to 50,000 EUR in early-stage financing
• Applicants must be limited liability companies in Kenya, Rwanda, Uganda, or Nigeria, have at least 12 months of revenue traction, and have a scalable business plan
• The application period begins on July 18 and ends on September 16

Uncap, an award-winning platform designed to provide access to early-stage investment for entrepreneurs in Africa is inviting start-up enterprises to apply for the possibility of receiving between 10,000 EUR and 50,000 EUR in early-stage funding.

To be eligible for funding, applicants must be incorporated as limited liability businesses in Kenya, Rwanda, Uganda,  or Nigeria, have at least 12 months of revenue traction, well-kept company records, and a scalable business concept.

Applicants are welcome from any industry, not just tech. Uncap adheres to a “do-no-harm” principle and does not invest in firms …