Sunday, May 26

Business

Digital divide
  • There is urgency in halting the digital divide in Africa as this is vital in promoting inclusive growth, alleviating poverty, and generating more jobs through the digital economy.
  • Kenya is setting an example by ensuring all its buildings are fiber-optic-ready.
  • Digital automation in trade has proven to be a valuable asset in safeguarding Africa’s social and economic growth.

Digital Divide in Africa

Digital divide in Africa has been exacerbated over the years and, the urgency to halt it is vital in promoting inclusive growth, alleviating poverty, and generating more jobs through the digital economy.

Africa, with a population of 1.4 billion, currently has only 473 million internet users, representing a 36 per cent penetration rate and a mere 5 per cent fixed broadband penetration due to limited undersea connectivity. This leaves the continent lagging behind other regions regarding digital infrastructure, a critical component for economic growth.

African policymakers should capitalise …

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Digital-Infrastructure-Investment.
  • Kenya lands $ 1 billion investments for digital Infrastructure investment from Microsoft and G42.
  • Among the top priorities is the construction of a green data center. This facility is to be built by G42 and its partners.
  • The initiative will enhance internet connectivity through investments in marine and terrestrial fiber cable infrastructure.

During Kenyan President William Ruto’s visit to the US, Tech giant Microsoft & G42, an Emirati AI company, announced a $1B investment in Kenya to support its digital transformation.

This initiative, undertaken in collaboration with the Republic of Kenya’s Ministry of Information, Communications, and the Digital Economy, is a milestone in the region’s technological advancement.

The collaboration will invest an initial $1 billion to support different components of the initiative.

Among the top priorities is the construction of a green data center. This facility, to be built by G42 and its partners, will host Microsoft Azure services in …

Short-Term Rentals in Nairobi
  • In the past two years, short-term rentals in Nairobi have been the new trend.
  • Hospitality has bounced back remarkably after the challenges posed by the COVID-19 pandemic, emerging as one of the best-performing asset classes in 2023.
  • Trappler highlights that hospitality is a key economic driver, employment creator, and focal property type in regions throughout East Africa.

Hospitality has bounced back remarkably after the challenges posed by the COVID-19 pandemic, emerging as one of the best-performing asset classes in 2023. This resurgence is particularly notable in Nairobi, especially with the renewed demand for short-term rentals.

The strategic position of Kenya’s capital city serves as an East African hub for various industries, including corporate, government, MICE (Meetings, Incentives, Conferences, and Exhibitions), embassies, and tourism, which makes it an attractive destination for hospitality and residence brands.

The increasing and diversifying demand for accommodation creates meaningful opportunities for market expansion and business growth.…

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Investing has become crucial for wealth accumulation and financial security, but navigating this complex world can seem daunting. However, with the right approach and by arming themselves with knowledge, anyone can embark on this exciting journey toward financial freedom. Before we discuss the actionable steps and strategies Africans can use to start their investing journey, we must ensure you have a grasp of fundamental concepts, so here goes.

Understanding the Basics of Investing

At its core, investing involves allocating funds with the expectation that those funds will generate a return in the future. Returns come in various forms, including capital appreciation or dividends. Capital appreciation is the difference between an investment’s purchase and selling price.

For example, you may purchase stock in a sports betting and gaming company for $10, which rises to $15, resulting in a $5 capital appreciation. It is also a term used for gains enjoyed from …

US-Africa trade relations
  • Continuing from the discussion of evolving US-Africa trade relations, a key aspect of this dynamic is the strategic objective of countering Chinese influence on the continent.
  • By 2024, Africa is poised to undergo a significant shift in geopolitical and economic dynamics, emerging as a crucial arena for global powers such as China and the US.
  • The evolving focus on Africa is driven by its transforming economic landscape, marked by rapid growth, a youthful population, and abundant resources, attracting attention from major players seeking strategic advantages.

By 2024, Africa will have witnessed the beginning of a new age in the geopolitical and economic dynamics of the world. In recent years, the continent has shifted its focus from humanitarian issues and developmental assistance to becoming an important strategic arena for the world’s leading powers, particularly China and the US. Several elements are coming together to highlight Africa’s growing importance internationally, driving this …

Rental income in Kneya
  • Maximizing rental income from investment properties in Kenya requires strategic planning and effective management.
  • As a real estate investor in Kenya, it is important to focus on acquiring properties and have a well-thought-out exit strategy in mind.
  • Real estate investment in Kenya can be rewarding if approached with knowledge and strategic planning.

Tips and strategies to maximise rental income in Kenya

Maximizing rental income from investment properties in Kenya requires strategic planning and effective management. By implementing the following tips and strategies, real estate investors can maximize their returns and ensure the financial success of their rental properties.

  1. Set Competitive Rental Rates

Determining the right rental rates for your properties is crucial. Conduct thorough market research to understand the rental prices in the specific location and consider factors such as property size, amenities, location, and market demand. Setting competitive and attractive rental rates will attract tenants and help maintain …

Real Estate Investment In Kenya
  • Real estate investment in Kenya requires a comprehensive understanding of the legal factors and regulations that govern the industry.
  • Conducting thorough research on real estate investment in Kenya is crucial to ensure your success.
  • Considering all the legal implications before finalizing your property investment is also crucial.

Understanding real estate investment in Kenya

When embarking on real estate investment in Kenya, it is crucial to have a comprehensive understanding of the legal factors and regulations that govern the industry. By considering these considerations, investors can protect their investments and ensure compliance with the law. Here are some key legal aspects to consider:

  1. Land Ownership and Titles

Before investing in any property, verifying the land ownership and ensuring the title is legitimate is essential. Conduct thorough research and request official documentation from the relevant authorities to confirm ownership rights.

  1. Property Documentation and Contracts

Ensure all property transactions are backed by proper …

Joseph Kony | The Exchange

The whereabouts of Joseph Kony, the infamous leader of the Lord’s Resistance Army (LRA), remains one of the most enduring mysteries in international justice and African politics. Despite extensive efforts to capture him, Kony continues to evade justice, with his exact location a subject of much speculation and few definitive answers.…

AGIA
  • The landmark initial pledge will help to rapidly scale up financing for transformative climate-aligned infrastructure projects across the continent.
  • The new pledges will also advance AGIA towards its first close of $500 million of early-stage project preparation and development blended capital.
  • AGIA was launched a year ago at COP27 in Sharm El Sheikh, Egypt, by the African Union Commission, the African Development Bank, Africa50, and other partners.

In a powerful signal of support during COP28, African and global institutions, together with governments of Germany, France, and Japan and philanthropies, have pledged over $175 million to the Alliance for Green Infrastructure in Africa (AGIA). The landmark initial pledge will help to rapidly scale up financing for transformative climate-aligned infrastructure projects across the continent.

The new pledges will also advance AGIA towards its first close of $500 million of early-stage project preparation and development blended capital. The Alliance is a partnership of …

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