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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.…
- Social commerce may seem like a more foreign concept but it is widely used across Africa
- Online shopping has gained more popularity during the Covid-19 crisis, turning social networking platforms like Facebook and Instagram into business tools
- Social commerce- which is abbreviated as s-commerce- represents the integration of shopping and social media
When the Covid-19 pandemic hit back in 2019, a majority of individuals were forced to turn to social media platforms in search of goods and services.
While most people view this as the growth of e-commerce across the globe, it also gave rise to the growth of social commerce.
Social commerce may seem like a more foreign concept but it is widely used across Africa.
Online shopping has gained more popularity during the Covid-19 crisis, turning social networking platforms like Facebook and Instagram into business tools.
Social commerce- which is abbreviated as s-commerce- represents the integration of …
The resilience of the diversified services group was enabled by the company’s widespread portfolio of businesses.
Bidvest owns a vast array of businesses that span diversified services like car dealerships, airlines, toilet hire, banks, real estate, food services and information technology. Now the diversified services or conglomerate business model is no longer in vogue.
It is outmoded and yet since 1988 Bidvest has grown from being a fledgling pet foods dealer to one of the largest companies listed on the Johannesburg Stock Exchange on the back of the same model. This diversified services model has given it the strength to withstand the shocks from the pandemic and also to weather the adverse economy in its home country and abroad. The company has made a resounding comeback.
Bidvest has gained a worthy reputation for being a value accretive investment for shareholders over the years. Its blue-chip status is well deserved, it …
- A report by the African Development Bank notes that today, at least a quarter of the continent’s population has internet access, a nearly fifty-fold increase in internet usage since the turn of the millennium.
- Mobile technologies alone have already generated 1.7 million jobs and contributed US$144 billion to the continent’s economy, or roughly 8.5 percent of GDP
- Accelerating digitalization, artificial intelligence (AI), cloud computing, robotics, and 3D printing – have obvious and important implications for education, employment, and the future of work
Leaders on the African continent must work harder to harness emerging technology to boost government performance, transparency, and inclusivity as the continent recovers from the Covid-19 pandemic.
They also need to ensure that the growing technological advancements across the continent are not used as a tool of repression, division, and conflict.
According to a study by the World Health Organization, 13 percent of all new or modified …
The foreign currency bourse located in Zimbabwe hasn’t fared as expected nearly 2 years into its existence. Companies in Zimbabwe are starting to list on the Victoria Falls Stock Exchange but not to raise capital. They are listing on that market for other reasons and not necessarily for what the core purpose of a stock exchange is.
Financial market pundits in Zimbabwe have postulated that it is not fair to judge the success of a new securities exchange unless the parameters are over a long-time horizon. This is a fair assertion. However, a close look at the bourse so far should provide investors and other financial market participants with enough perspective to form a position to enable them to objectively ascertain the trajectory it will take in the future.
From its inception, the VFEX attracted the following companies which have been listed on it PPC Limited, Seed Co, Padenga …
The JSE has experienced a net decline in the listings on its main board as companies leave the bourse looking for alternative markets like private equity as sources of long term capital.
Listing activity on the Johannesburg Stock Exchange has been on the decline over the last 3 years. The largest and oldest bourse on the African continent reported in its financial results for 2021 that at least 25 companies de-listed from it during that year. In 2020 there were 20 companies that left the bourse and prior to that there were 24 de-listings. There were only 7 initial public offerings (IPOs) on the JSE in 2021 and only 4 in 2020. The net effect of these developments is that the number of companies listed on the JSE is shrinking. Its current state is a far cry from what it was like at its height in the nineties. At that …
The case for investment in Africa is compelling. At no time before in history has the continent formerly and perhaps harshly referred to as the dark continent been so promising in terms of its economic potential.
The continent has been home to some of the fastest growing economies in the world. The continent according to research conducted by Standard Bank Group published in a report titled “Infrastructure Financing in Sub Saharan Africa for Institutional Investors”, states that in the last decade there have been 4 notable trends in Africa:
1. A larger, younger, and more affluent population
2. Africa’s transformational urban swell
3. Technological advances that have caused the continent to leapfrog
4. A deepening financial sector
These four trends have acted as structural drivers of Africa’s renewed economic promise. Over the last 10 year, specifically between 2010 and 2019 the collective economy of Africa grew by 55%. In monetary …
