Friday, April 26

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.…

karriere tutor® founder and CEO Oliver Herbig. He is offering solutions to attract labour from outside Germany and plug in the workforce gaps. www.theexchange.africa
  • Germany is facing a double-edged sword – a crisis of labour shortage and a demographic imbalance which threaten the country’s economic productivity
  • Germany must bring in at least 400,000 skilled immigrants a year to keep up with demand because of its ageing population and low birth rate
  • A declining labour population threatens Germany’s public pension system, as fewer employees are faced with the duty of funding the pensions of an increasing number of pensioners

Europe’s largest economy, Germany, is facing a double-edged sword – a crisis of labour shortage and a demographic imbalance which threaten the country’s economic productivity. 

The federal labour office estimates that Germany must bring in at least 400,000 skilled immigrants a year to keep up with demand because of its ageing population and low birth rate. In January this year, German Economy and Climate Protection Minister Robert Habeck said that if the European nation did not

www.theexchange.africa
  • Global Finance has named KCB 2022’s best bank in sustainable finance in Kenya 
  • KCB was recognised for its efforts in creating a more sustainable business enterprise through deliberate socio-economic interventions
  • The group has set a target of transitioning 25% of its total loan portfolio to green investments by 2025 as part of its Net Zero ambition

Global Finance has named Kenya Commercial Bank (KCB) the Best Bank in Sustainable Finance in Kenya 2022.

The bank was awarded owing to its efforts in creating a more sustainable business enterprise through deliberate socio-economic interventions.

The award announced by Global Finance recognises global, regional and local leadership in Sustainable Finance – funding for initiatives designed to mitigate the negative impacts of climate change, build resilience and help build a more sustainable future for humanity.

The award comes when there are calls for institutions to embrace sustainable practices through adopting the UN Sustainable Development …

jeffrey soffer

Jeffrey Soffer is a billionaire real estate developer in the United States. Soffer is the son of Donald Soffer, the creator of the Turnberry Associates real estate company in Florida. After creating Aventura, which would later evolve into one of Florida’s wealthiest private enclaves, the elder Soffer made his first real estate fortune. Turnberry Associates now has real estate projects in Las Vegas, Orlando, and Arlington, among other places across the United States. They’re also working on a project at the Bahamas’ Paradise Island. He is a prominent South Florida real estate developer. In 2018, Soffer traded his prior yacht. Madsummer is the name of various yachts that he and his family have owned.

In 2009, Jeffrey Soffer was named one of “Fortune” magazine’s 50 Most Influential Young Entrepreneurs and has been on the magazine’s annual list every year since. In 2016, Soffer sold a significant portion of his real …

In many ethnicities, kissing a person’s hand has classic, cultural, and religious connotations. It can also be used as a greeting or an expression of love and loyalty. It is a common practice in some countries, and is as well seen in period films.

https://images.pexels.com/photos/2695483/pexels-photo-2695483.jpeg

In parts of Western The european union, such as Belgium and Indonesia, gentlemen will still greet a woman simply by kissing her hands when they match. This has been an acknowledged https://asiansbrides.com/georgian-brides/ custom for centuries, although practice begun to dwindle inside the 20th 100 years.

Traditionally, people who had been offered the hand might bend down to kiss that, but in a lot of modern contexts, this can be seen as a sign of mockery.

It is also interpreted as being a gesture of chivalry, conveying allegiance into a powerful estimate a contemporary society or perhaps religion. This might be a clergyman, monarch, or perhaps someone …

Congo joins the EAC (www.theexchange.africa)

It is obvious that the DRC’s desire to become a member of the EAC is to tap into the benefits of regional trade, i.e. an expanded market of 300 million people, and to increase Foreign Direct Investment (FDI) through its membership in the EAC bloc. DRC’s capital market remains underdeveloped and consists mainly of the issuance of treasury bonds.

There is no stock exchange in the country and only a small number of private equity firms are actively investing in the mining industry.  There are hardly any institutional investors in the DRC except for an insurance company and a state pension fund. The Central Bank of Congo (BCC), developed a market for short-term bonds, which are bought and held by local Congolese banks. 

The absence of a domestic debt market has meant that the fixed-rate market is limited to government-issued treasury bonds with maturities of up to 28 days traded …

www.theexchange.africa
  • Liquid Intelligent Technologies has acquired Telrad, an Israeli-based technology firm, subject to customary closing conditions, including Telrad shareholder approval
  • The pan-African technology firm said it has agreed to acquire the company and said the move would complement its operations
  • It described Telrad as an innovative technology business with an extensive B2B offering and said it would add to its infrastructure and digital solutions offerings

Liquid Intelligent Technologies has acquired Telrad, an Israeli-based technology firm, at an undisclosed amount.

In a statement seen by The Exchange Africa, Liquid Intelligent said it has entered into a definitive agreement to acquire the company and said the move would complement its operations.

Liquid Intelligent described Telrad as an innovative technology business with an extensive B2B offering and said it would add to its infrastructure and digital solutions offerings.

“Telrad provides and maintains high-quality technology products and services for global business and governments. The …

LB Investment
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