Friday, April 19

Business

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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Kenya and South Korea to strengthen legal services
  • 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 …

US-Africa green and sustainable financing
  • 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.…

www.theexchange.africa
  • MTN Uganda has appointed Sylvia Mulinge of Safaricom as its CEO, effective September 1, 2022
  • Mulinge currently serves as Safaricom’s Chief Consumer Business Officer
  • She has been at Safaricom for 16 years, where she served in different capacities, including General Manager Enterprise Business Unit and Director Consumer Business Unit

Telecommunications company MTN Uganda has appointed Sylvia Mulinge of Safaricom as its CEO, effective September 1, 2022.

Mulinge currently serves as Safaricom’s Chief Consumer Business Officer. She has been at Safaricom for 16 years, where she has served in different capacities. These include General Manager Enterprise Business Unit and Director Consumer Business Unit, before assuming the role of Chief Customer Officer in 2018. In July 2021, she took up the role of Chief Consumer Business Officer.

In a statement, South Africa’s MTN Group announced the appointment, saying she brings on board experience in transforming customers’ lives using technology.

“A seasoned executive, …

The best way to attract a hot gal is to be sweet. It may sound like a no-brainer, nonetheless a little self-esteem goes a considerable ways. When a girl appears good on the outside, she’ll feel better within the inside. And she’ll be more required to go out with you.

Putting yourself 1st is a sign of confidence. A whole lot of youthful women should put the look of them above all the things else. Often , the most popular women are the ones who also are most self-confident. That’s mainly because they have a bigger sense of value and really worth. This makes them an even more desirable special someone.

Ladies with a lot of self-esteem will be the most attractive into a hot dude. This is because they have a clear vision of what they want within a partner. That they know how to look after themselves and …

www.theexchange.africa
  • Prostate cancer patients covered by the National Hospital Insurance Fund (NHIF) can now access an innovator prescription drug manufactured and distributed by Janssen Kenya
  • The prescription drug, Abiraterone Acetate used for the treatment of advanced prostate cancer will be made available to NHIF members within their existing benefits package
  • NHIF Chairperson Lewis Nguyai described the partnership as a landmark development that will help boost the local access to innovator drugs

Prostate cancer patients covered by the National Hospital Insurance Fund (NHIF) can now access an innovator prescription drug manufactured and distributed by Janssen Kenya, one of the pharmaceutical companies of Johnson & Johnson, as part of strategic development to expand access to quality treatment regimes in Kenya.

Following the signing of a joint Memorandum of Understanding (MoU) between NHIF and Johnson & Johnson Middle East FZ-LLC (Janssen Kenya), the prescription drug, Abiraterone Acetate used for the treatment of advanced prostate …

www.theexchange.africs
  • Absa Bank Kenya partners with Visa to launch a domestic and cross-border remittance service
  • The solution will allow seamless person-to-person money transfers and persons-to-businesses payments via the Visa Global network
  • Absa debit and credit cardholders can transfer funds from their Visa Card accounts to any overseas or domestic Visa debit, credit, or prepaid cards 

Absa Bank Kenya has partnered with a global payments technology platform Visa to launch a domestic and cross-border remittance service.

The Absa Visa Send Money solution will allow seamless person-to-person money transfers and persons-to-businesses payments via the Visa Global network.

The solution will allow Absa debit and credit cardholders to transfer funds from their Visa Card accounts to any overseas or domestic Visa debit, credit, or prepaid cards via the Hello Money USSD and Absa mobile banking app.

According to the partners, Absa customers will only need to enter the beneficiary’s Visa card details or linked …

www.theexchange.africa
  • Moringa has received an undisclosed amount of investment from Proparco to support its expansion outside Kenya
  • The tech-based learning institution said it has already begun training Software Engineers in Ghana and soon Nigeria with a plan to scale to other African countries in the next 12 months
  • Moringa said the investment from Proparco will help them in preparing for Series A funding in 2023

Multi-disciplinary learning accelerator Moringa has received an undisclosed amount of investment from Proparco to support its expansion outside Kenya.

In a statement seen by The Exchange Africa, the tech-based learning institution said it has already begun training Software Engineers in Ghana and soon Nigeria with a plan to scale to other African countries in the next 12 months.

The career accelerator for Tech professionals in Africa has been training High School/University Graduates to be Software Engineers and Data Scientists for the past seven years in Kenya …

www.theexchange.africa
  • Industry experts now say that the lack of youth involvement in Agriculture is inhibiting the sector’s growth
  • Farmer on Fire Founder Wangari Kuria said that young people in Sub-Saharan Africa often view agriculture as inefficient and uninteresting
  • Kuria said the issue has led to a situation where the average age of Africa’s farmers is 60 while the median age of the population is 19

An industry expert has said that the lack of youth involvement in Agriculture is inhibiting the sector’s growth.

Farmer on Fire Founder and Chief Executive Officer Wangari Kuria said that young people in Sub-Saharan Africa often view agriculture as inefficient and uninteresting.

Kuria said the issue has led to a situation where the average age of Africa’s farmers is 60 while the median age of the population is 19.

“Young people aspire to formal sector employment and modern urban lifestyles. They do not consider agriculture as …

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