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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.…
- Branch International is planning to roll out a Pan-African digital bank with Kenya as the launchpad
- The company said it would spearhead the rollout of digital banking services across key markets in Africa once the local operation crystallises before the end of the year
- The company’s CEO said they would soon make a landmark transition as the first digital lender to expand into the microfinance banking market
Kenyan-based Branch International has outlined plans to roll out a Pan-African digital bank with Kenya as the launch pad.
Best known for digital lending solutions and services in Kenya, Branch says it will spearhead the rollout of digital banking services across key markets in Africa once the local operation crystallises before the end of the year.
The company’s CEO Matt Flannery said the firm would invest heavily in the strategic venture.
Flannery confirmed that the firm had activated its continental rollout plans with …
Women’s role in trade and economic growth is significant and across Africa; they have mostly worked in export-oriented industries like textiles and clothing, agriculture, and tourism.
For long, women have been stuck in low-paid labour but with increased demand for skills, things are changing. The AfCFTA offers an opportunity for African women to take a deep dive into the opportunities it offers. Women are now taking on more jobs in wholesale and retail trade, finance, business services, and hospitality which have prepared them for the opportunities that the continent offers under the trade agreement.
Intra-African trade is expected to rise by between 33 per cent and 52 per cent but this is dependent on how much tariff liberalisation takes place between African countries.…
- Global trade will grow by 70 per cent from USD17.4 trillion to USD29.7 trillion by 2030, data by Standard Chartered has shown
- The Future of Trade 2030: Trends and markets to watch report reveals 13 markets that will drive much of this growth, identifies major corridors, and five trends shaping the future of global trade
- The research found that 10 per cent of global corporates currently do or plan to manufacture in Kenya within the next five to 10 years
Global trade will grow by 70 per cent from USD17.4 trillion to USD29.7 trillion by 2030, a new research by Standard Chartered has projected.
The Future of Trade 2030: Trends and markets to watch report reveals 13 markets that will drive much of this growth, identifies major corridors, and five trends shaping the future of global trade.
Kenya is a key driver of this global trade growth, with its exports …
- Kenya’s First Lady Margaret Kenyatta has urged investors to increase funding into Africa’s reproductive, maternal, adolescent, and child health systems
- She invited global financiers to back Africa’s weak maternal and child health systems, which she said were overstretched by societal challenges
- Kenyatta also called for increased screening of particularly cervical and breast cancers, saying the two variants had the highest mortality rates on the continent
Kenya’s First Lady Margaret Kenyatta has urged investors to increase funding into Africa’s reproductive, maternal, adolescent, and child health systems.
Speaking on Friday, February 25, Kenyatta noted that private-public partnerships were viable for raising resources to support the sector.
She invited global financiers to back Africa’s weak maternal and child health systems, which she said were overstretched by societal challenges. These include Female Genital Mutilation (FGM), Gender-Based Violence (GBV), teenage pregnancies, and early pregnancies marriages.
“Through private-public partnerships and collective investments, we could deepen our …
- GE Healthcare and Kenya-based startup Afya Rekod have entered a strategic collaboration to transform care delivery through improved access to personal health data
- Afya Rekod said they would focus on Kenya, Nigeria, and South Africa, where they will give patients an accessible record of their health history
- The access will include radiological images by enabling hospitals and diagnostic centres to host health records securely on one platform through a digital application
- Afya Rekod was founded in Kenya in 2019 and operates in Kenya, Nigeria, South Africa, Cameroon, Zambia and the United States
US-based GE Healthcare and Kenya-based startup Afya Rekod have entered a strategic collaboration to transform care delivery through improved access to personal health data.
In a statement, Afya Rekod said they would focus on Kenya, Nigeria, and South Africa, giving patients an accessible record of their health history. The company has a health record management platform built to …
- Stakeholders in the health and technology sectors in East Africa have called on governments to strengthen national supply chains following disruptions caused by the COVID-19 pandemic
- Kenya’s Health Chief Administrative Secretary Rashid Aman noted that strong supply chains would be gotten through focusing on the role of data and technology in policy and regulatory frameworks
- Data indicates that healthcare is one of the sectors that was hardest hit by supply chain challenges at the height of the pandemic
Leaders in the health and technology sectors in East Africa have called on governments to strengthen national supply chains following disruptions caused by the COVID-19 pandemic.
Drawn from ministries of health across five East African nations, the experts said the move would enhance the continent’s post-COVID-19 health security systems.
Data indicates that healthcare is one of the sectors that was hardest hit by supply chain challenges at the height of the pandemic.…
