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Business
- 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.…
- The partnership will enable Kenya and South Korea to strengthen legal services and networks for African companies.
- G&A has built a strong reputation in Africa, delivering on transformational projects like the recent Eurobond
- In February last year, the two countries pledged to continue to nurture and expand ties
A law firm in Nairobi is championing a plan to see Kenya and South Korea strengthen legal services for companies in Africa. Kenya’s G&A Advocates LLP has signed a partnership agreement with South Korea-based law firm Jipyong ahead of the Korea-African Summit. The partnership will enable Kenya and South Korea to strengthen legal services and networks for African companies.
The Korean African Summit is set to take place between June 4 and June 5 in Seoul, South Korea, under the theme: “The Future We Make Together, Shared Growth, Sustainability and Solidarity.”
The summit, which will be the first-ever, aims to strengthen the …
- The upcoming US-Africa green and sustainable financing forum in Côte d’Ivoire aims to mobilize funding for infrastructure projects across Africa.
- Set for March 19–20, the workshop will feature industry leaders, US technical experts, and key financiers.
- The event highlights the critical need for renewable energy funding models, financing mechanisms, and regulatory and policy reforms to facilitate the growth of green and sustainable infrastructure.
To foster sustainable development in Africa, the United States Trade and Development Agency (USTDA) is joining forces with the African Development Bank Group to host the US-Africa Green and Sustainable Financing Workshop.
Set to go down in Abidjan, Côte d’Ivoire, on March 19–20, 2024, this event is poised to bring to the forefront the pressing need for green and sustainable infrastructure projects across the continent.
The workshop, a convergence of industry leaders, explores innovative financing models that can support Africa’s journey towards a resilient and sustainable future.…
At his inauguration, Nigeria’s new president, Bola Ahmed Tinubu, announced that his administration would do away with the fuel subsidy. The announcement resulted in a spark in prices and long queues in Nigeria as people rushed to buy fuel before the price increase when the policy took effect on July 1.
When the policy to remove Nigeria’s fuel subsidy takes effect, fuel prices in Nigeria are expected to jump from the official pump price of $0.4 to between $0.76 and $1.18. According to the United Nations, Nigeria’s rise in fuel prices will have widespread economic ramifications for over 133 million citizens plagued by multidimensional poverty.…
On June 8th, African economies joined the world in marking World Oceans Day under the theme ‘Planet Ocean: Tides are changing. Africa, the second largest continent in the world by land mass and population, borders the Mediterranean Sea to the north, the Red Sea to the northeast, the Indian Ocean to the east, and the Atlantic Ocean to the west. These territorial waters, if nurtured, could contribute significantly to Africa’s blue economy. …
Safaricom has partnered with the Kenya Water Institute (KEWI) to deploy Smart Water System in the water sector. Through the partnership, Safaricom will deploy the system at the KEWI’s Nairobi and Kitui campuses to facilitate practical training. The giant telco will additionally co-create and run a Smart Water Management curriculum for students at the institution.…
- Out of 54 states, 34 have either passed a law banning plastics and implemented it or have passed a law to tackle the plastics menace.
- Plastic pollution is a global crisis and governments need to collaborate in a more coordinated approach to end this crisis.
- Legally binding agreements will deal with plastic pollution from production to disposal.
Africa has come a long way on the journey to tackle plastic pollution with as many as 34 countries out of 54 passing a law banning plastics. However, these countries have a long way to go in implementing these rules that create a plastic-free continent.
“We have seen countries such as Rwanda taking the lead in the quest to find a global binding instrument to deal with the plastic crisis. Others like Morocco, whose consumption of the raw material used in manufacturing plastic bags dropped by 50 per cent since its plastic …
The South Sudan Oil & Power (SSOP) 2023 summit will emphasizes the partnership between South Africa and South Sudan. Scheduled for 14 to16 June in Juba, the 6th edition of the SSOP will include the African Energy and Mining Business Forum. The summit will highlight the collaborative relationship between South Africa and South Sudan.…
- The primary purpose of the OAU was to promote the unity and solidarity of newly independent African states.
- Agenda 2063 is an economic master plan to transform Africa into a global powerhouse within the next decades.
- The AfCFTA is the world’s largest free trade area that unites an entire continent and eight Regional Economic Communities.
Every year on 25th May, the world celebrates Africa Day, a special occasion that commemorates the foundation of the continent’s most development-oriented organization, the African Union.
African Union has been advocating for continuous economic development and has achieved notable milestones. To commemorate Africa Day, we shall be taking you down memory lane highlighting AU’s role in championing the continent’s growth.
Flashback: the journey to Africa Day
At the height of political and social freedom, 32 African countries met on 25th May 1963 in Addis Ababa, Ethiopia, to form a front for economic and political growth …
