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- African Heads of State call for tripling of World Bank’s concessional financing
- SpaceX offers Starlink kit at half price for first-time Kenyan customers
- Mobile Banking Reshaping the Gender Gap in Financial Inclusion
- Unleashing ideas: AIM Congress sets the stage for over 450 dialogue sessions
- Abu Dhabi welcomes over 330 partners for AIM Congress 2024
- Kenyan Farmers Receive $2M Boost from Africa Fertiliser Financing Mechanism
- Brace for High Interest Rates for a Longer Period World Bank Warns Kenya
- Kenya-Ethiopia Trade Relations: Legislators Advocate for Policy Alignment to Boost Ties
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.…
- Safaricom has rolled out a campaign to offer technological solutions for enterprise and the public sector
- The company said it is seeking to leverage its connectivity and experience to venture into the technology space by expanding its tech solutions in the areas of digital business
- Safaricom is banking on its recent efforts to enable it to play a bigger role in digitising and transforming businesses in various sectors, including education, health and manufacturing
Safaricom has rolled out a campaign to position tech solutions for enterprise and public sector customers.
The Kenya-based telco said it is seeking to leverage its connectivity and experience to venture into the technology space by expanding its tech solutions.
The expansion is in the areas of digital business through cloud computing, cyber security and the internet of things (IoT) underpinned by IT consulting services.
Besides reinforcing its new business strategy to become a technology company, the …
- KCB Group Plc has recorded a historic 74 per cent rise in profit after tax for the full year ending December 2021, to hit KSh 34.2 billion compared to KSh 19.6 billion a year earlier
- The bank attributed the performance to increased income, cost management and lower credit provisions which saw the Group post higher returns to shareholders
- Provisions for the period reduced by 52% to close at KSh 13.0 billion from KSh 27.2 billion a similar period in 2020
KCB Group Plc has recorded a historic 74 per cent rise in profit after tax for the full year ending December 2021, riding on an economic recovery across its key markets.
During the period under review, net profit grew to KSh 34.2 billion compared to KSh 19.6 billion a year earlier, on
the back of increased income, cost management and lower credit provisions which saw the Group post higher returns …
- CMC Motors Group has partnered with Stanbic Bank to introduce ‘Ford Finance’ to enable clients to access competitive and flexible financing solutions for Ford vehicles in Kenya
- The partnership will see the Ford Motor Company, CMC Motors Group Limited, Stanbic Bank Kenya and Standard Bank of South Africa partner to enable clients within Kenya to afford new Ford units
- CMC Motors Group CEO Alan Crossan said the initiative comes when the economy is steadily recovering from the harsh effects of the Covid-19 pandemic
Kenya’s CMC Motors Group has partnered with Stanbic Bank to launch ‘Ford Finance’ to enable clients to access competitive and flexible financing solutions for Ford vehicles in Kenya.
The partnership will see the Ford Motor Company, CMC Motors Group Limited, Stanbic Bank Kenya and Standard Bank of South Africa come together to enable clients within Kenya to afford new Ford units.
Speaking at the Partnership launch, CMC …
- Google has unveiled the list of successful applicants of its Google for Startups Accelerator Africa Class 7 and they include Fleetsimplify, HydroIQ and Sukhiba
- The startups are drawn from seven African countries, namely Kenya, Egypt, Nigeria, South Africa, Tanzania and Uganda, with Cote D’Ivoire joining for the first time
- Over the next three months, the startups will work with Google mentors and facilitators learning best practices on a range of topics, including Artificial Intelligence and Big Data
Google has unveiled the list of successful applicants of its Google for Startups Accelerator Africa Class 7.
In a statement, the American technology company said the selected startups are developing solutions in healthcare, education, fleet management, logistics automation and recruiting.
The seventh class includes three Kenyan startups, namely Fleetsimplify, HydroIQ and Sukhiba.
The startups are drawn from seven African countries, namely Kenya, Egypt, Nigeria, South Africa, Tanzania and Uganda, with Cote D’Ivoire joining …
World Bank further notes that the unified digitisation of the East African economy is estimated to generate up to a US$2.6 billion boost in GDP and 4.5 million new jobs that will largely benefit those at the bottom of the pyramid.
Data by GSMA reveals that by the end of 2020, 495 million people subscribed to mobile services in Sub-Saharan Africa, representing 46 percent of the region’s population, an increase of almost 20 million on 2019.
GSMA revealed that smartphone connections will more than double by 2025 in Sub-Saharan Africa with the East African Community registering the largest incremental growth, led by Rwanda and Tanzania. …
To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation.
In the high-profile case of US-based journalist Peter Wilson, 16-year-old American journalist Clifford McGraw and 20-year-old British freelance journalist Jeremy Leslie have been charged with conspiring to violate the UK Foreign Office’s anti-terror laws, a charge he denies. On Monday, UK attorney Andy McDonald revealed that he had spoken.
“Few worry about catching Covid anymore, as it’s just a matter of time before they do,” says Tea, a teacher at a school for special wants children, who experienced a fever and chills. “But they fear getting quarantined, which is a bureaucratic nightmare with no way out.”
Speaking to The Andrew Jackson Society, he added: “I want to express to the people of Scotland: as you know, we are a country of …
