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- Agribusiness could drive Africa’s economic prosperity
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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.…
A report by The Women in Tech Africa Summit 2019 showed that despite receiving 50 per cent less venture capital funding, global technology firms led by female entrepreneurs typically achieve a 35 per cent higher return on investment than those managed by men.
In the first half of 2021, African startups raised US$1.19 billion. However, female CEOs raised just 14 per cent of the financing, up from 2 per cent for the same period in 2020.
The African Development Bank puts the funding gap for women entrepreneurs in Africa at US$42 billion.
This should encourage more investors to take a gamble on women-led businesses in Africa’s tech space as they offer promising returns.
Women in tech on the continent not only drive significant development in the African tech space, but they also simultaneously inspire young girls venturing into tech across the continent to do the same. …
- President Uhuru Kenyatta has ordered a countrywide security crackdown to weed out rogue boda boda operators from the sector following the recent assault of a female motorist
- Kenyatta said that he had instructed the country’s security apparatus to clamp down on rogue boda boda cyclists and ensure perpetrators of the heinous act are brought to book
- President Kenyatta also ordered a new registration of all boda boda operators in the country as part of measures to restore order in the sector
President Uhuru Kenyatta has ordered a countrywide security crackdown to weed out rogue boda boda operators from the sector following the recent assault of a female motorist along Wangari Maathai Road Nairobi County.
Describing the incident as disheartening, the President said that he had on Monday evening instructed the country’s security apparatus to clamp down on rogue boda boda cyclists and ensure perpetrators of the heinous act are brought …
- A new finding now shows that women are now taking the lead in the transformation of Africa as the continent makes tremendous progress driving gender parity
- Zuri Foundation Chief Executive Officer Norah Muthoni Mumo said the past three years have seen an increase in women’s participation in societal transformation
- Accelerating progress towards gender parity could boost African economies by the equivalent of 10 per cent of their collective GDP by 2025
A new finding by Zuri Foundation indicates that women are now taking the lead in the transformation of Africa as the continent makes tremendous progress driving gender parity.
Zuri Foundation Chief Executive Officer Norah Muthoni Mumo said the past three years had seen an increase in women’s participation towards societal transformation in various fields, including political leadership, senior managerial positions, entrepreneurship, and sports and culture.
“More women are now in political leadership positions; women in corporate boards in Kenya …
- Moderna has announced plans to build a manufacturing facility in Kenya
- The firm’s CEO, Stéphane Bancel, said the ‘mRNA’ facility would produce up to 500 million doses of vaccines each year
- Kenyan President Uhuru Kenyatta witnessed the signing of a memorandum of understanding between Kenya and the company to establish the first mRNA manufacturing facility in Africa
American pharmaceutical and biotechnology company Moderna has announced plans to build a manufacturing facility in Kenya.
On Monday, March 7, 2022, Kenyan president Uhuru Kenyatta witnessed the signing of a memorandum of understanding between Kenya and the company to establish the first mRNA manufacturing facility in Africa.
The firm’s CEO, Stéphane Bancel, said the ‘mRNA’ facility would produce up to 500 million doses of vaccines each year.
The company said it would invest up to $500 million in the new facility, which will focus on drug substance manufacturing on the continent of Africa …
- The fifth session of the United Nations Environment Assembly (UNEA-5.2) resolved to end plastic pollution and forge an international legally binding agreement by 2024
- The agreement will hold nations, businesses, and society accountable for eliminating plastic pollution from the environment
- UNEP) Executive Director Inger Andersen described the agreement as the most important international multilateral environmental deal since the Paris climate accord
This week was a win for climate change after the fifth session of the United Nations Environment Assembly (UNEA-5.2) resolved to end plastic pollution and forge an international legally binding agreement by 2024.
The agreement will hold nations, businesses, and society accountable for eliminating plastic pollution from the environment.
After the passing the landmark resolution in Nairobi, UN Environment Programme (UNEP) Executive Director Inger Andersen described the agreement as the most important international multilateral environmental deal since the Paris climate accord.
Representatives, including heads of state, from 175 countries, …
- Women in Sub-Saharan Africa continue to struggle due to the negative impact of climate change
- A United Nations report noted that climate change has a growing impact on the African continent, hitting the most vulnerable the hardest and contributing to food insecurity
- Fast forward to 2022, the Horn of African countries are facing drought, with data showing that 12 to 14 million are at risk, owing to an extended period of lack of rains that driving acute food insecurity
- The AllAfrica Global Media Group says it is bringing key stakeholders under one roof on a virtual panel under the theme: “Gender equality for a sustainable future”
As the world prepares to mark International Women’s Day on March 8, 2022, several data reveals that women in Sub-Saharan Africa continue to struggle due to the negative impact of climate change.
In a 2020 report, the United Nations Climate Change noted that climate …
