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- Kenya, Tanzania braces for torrential floods as Cyclone Hidaya approaches
- EAC monetary affairs committee to discuss single currency progress in Juba talks
- Transport and food prices drive down Kenya’s inflation to 5% in April
- Payment for ransomware attacks increase by 500 per cent in one year
- History beckons as push for Kenya’s President Ruto to address US Congress gathers pace
- IMF’s Sub-Saharan Africa economic forecast shows 1.2 percent GDP growth
- The US Congress proposes extending Agoa to 2041, covering all African countries
- Millions at risk of famine as fuel tax row halts UN aid operations in South Sudan
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.…
In Tanzania, the Fair Competition Commission (FCC) is responsible for promoting and protecting effective competition in trade and commerce as well as protecting consumers from unfair and misleading market conduct.
Without such an entity, companies use false advertising to capture markets, mergers of large firms occur undermining smaller businesses unfairly and the end-user, the consumer, is put at threat.
It is for this reason that Tanzania has recently passed the Fair Competition Order which sets out the thresholds for mergers that should be reported to the Fair Competition Commission (the FCC). In this most recent Order, Tanzania moved the merger notification threshold from USD 360,000 to USD 1.6 million.…
- The British government has donated forensic medical equipment to Kenya’s Ministry of Health, valued at KSh 4.5 million ($39,578)
- Health Chief Administrative Secretary Dr Rashid Aman said the equipment will go a long way in supporting forensic investigations in instances of mass casualties, including those due to terror-related activities and disasters
- The CAS said the role played by forensic medical services to the public health and safety in the country cannot be underestimated
Britain has donated forensic medical equipment to Kenya’s Ministry of Health, valued at KSh 4.5 million ($39,578).
Health Chief Administrative Secretary Dr Rashid Aman said the donation resulted from the partnership and cordial relations between Kenya and the United Kingdom.
“I acknowledge the support the Government of the United Kingdom is providing to the health sector and the new initiatives in the areas of Kenya-United Kingdom Health Alliance, health labour migration, global health security and response to …
Boost Africa is a joint initiative with the African Development Bank (AfDB), with financial support from the European Commission and the Organisation of African, the Caribbean and the Pacific States Secretariat (OACPS) under the 11th European Development Fund (EDF).
The EUR 12.5 million – $14.2 million – financing for Atlantica will support EUR 50 million of new investment in innovative technology startup companies across the continent and expand specialist venture capital financing for promising entrepreneurs.
The new EUR 10 million – $11.3 million – EIB commitment to Janngo, will increase investment in early-stage tech and tech-driven startups to improve access to healthcare, education and financial services across Africa and allow African tech companies to create jobs for young people and women.…
Jenga Leo is a coworking space based in Nairobi and offers workers several benefits, including high-speed Wi-Fi and air condition. The company offers several facilities, including a Skype and podcasting room and a childcare centre. Others are a yoga studio and gym room.
The administrator said the company’s innovative concept capitalises on that trend by bringing health and work together in one accessible place.
“The name itself plays by creating ‘building blocks’ as part of an organisation’s desire, with Jenga meaning ‘build’, ‘leo’ meaning today.
Hence, the concept takes building today to create the foundation of a workplace dynamic that allows for one’s mind, body, and soul to flourish.…
- Heri Homes and Finsco Africa have broken ground to begin the construction of $176 million homes in Kiambu County
- Dubbed Legacy ridges, the project would see an extra 4,000 homes added into the real estate sector that continues to struggle to meet demand
- The project is on a 200-acre land in Ruiru, opposite Tatu City off the Thika Superhighway
Kenyan real estate companies Heri Homes and Finsco Africa have broken ground to begin the construction of US$176 million homes in Kiambu County.
Finsco Africa CEO John Mwaura said the project, dubbed Legacy ridges, would see an extra 4,000 homes added into the real estate sector that continues to struggle to meet demand. The project is on a 200-acre land in Ruiru, opposite Tatu City off the Thika Superhighway.
Of the houses, 2,800 would be two and three-bedroom apartments, while the rest will be maisonettes, including servant quarters.
According to the …
Strong demand for its commodities was the result of supply chain disruptions being experienced the world over. Nagle who succeeded long time chief executive Ivan Glasenberg stated that coal was the star of the show for the company. The high demand for coal was the result of little to no activity being done by mining companies worldwide in terms of building coal mines.
These days coal is not only a dirty commodity but “coal mining” is a dirty word so to speak. It borders on profane in a world that is now strongly driven by ESG to even mention the development of a coal mine. That being the case many players in the coal mining space are finding it increasingly difficult to secure funding for coal mine development projects.
This has played well into the hands of Glencore which has happily supplied the so-called dirty commodity to eager customers. Shareholders …
