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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.…
In practical reality, it aims at creating a continental market for goods and services, with free movement of businesspeople and investments in Africa.
Several reports indicate that the summit strives to bring Africa and Europe closer together through strengthening economic cooperation and promoting sustainable development, with both continents co-existing in peace, security, democracy, prosperity, solidarity and human dignity.
It is against this backdrop that the two partners are determined to work together on a strategic, long-term footing to develop a shared vision for EU-Africa relations in a globalized world.…
- Google CEO Sundar Pichai says Africa has the opportunity of exporting technologies to the rest of the world, but a heavy investment is required to make the dream a reality
- The CEO noted that Africa is on the cusp of a digital transformation, adding that 300 million more people are coming online in Africa over the next five years
- Sundar has urged other companies to make their investments and recommends focusing on four key areas that will ensure that the digital transformation benefits every African
Africa has the opportunity of exporting technologies to the rest of the world, but a heavy investment is required to make the dream a reality. Google CEO Sundar Pichai said that despite the continent has 18% of the global population, it only accounts for 0.4% of high-tech exports.
Further, Sundar said the continent accounts for only 2% of the world’s broader service exports.
“Boosting these …
- Land prices in Nairobi’s suburbs and towns maintained a mild upward growth in the fourth quarter of 2021
- Prices in the suburbs increased by 0.34 per cent over the quarter, while in the satellite towns, growth stood at 1.4 per cent
- The appreciation was on the back of several factors including the implementation and conclusion of vast infrastructure projects promoting accessibility and opening up areas for Real Estate investments
- Gross loans advanced to the Real Estate sector increased by 3.2 per cent to KSh 463.0 billion in the third quarter of 2021, from KSh 448.0 billion in the first half of 2021
Land prices in Nairobi’s suburbs and towns maintained a mild upward growth in the fourth quarter of 2021.
Data collected by property experts HassConsult indicated that prices in the suburbs increased by 0.34 per cent over the quarter, while in the satellite towns, growth stood at 1.4 per …
Once again, Heijin was at the centre of another dispute. This time around, it was displacing more villagers in Murehwa. Murehwa is a village in Mashonaland East province.
This time around, it affected up to 100 families. As with the example above, the company received a special mining grant to mine black granite in the area. The mining claim sits on a densely populated place covering between 200 & 300 hectares.
Due to the presence of granite in the area, Chinese companies are laying siege on the province. All this to get their hands on the rare and lucrative stone. Heijin’s newest intrusion follows another bloody battle between Mutoko and Shanghai Haoying Mining Investments villagers.
They have claims to mine black granite, which was. At the same time, Shanghai Haoying has compensated households who would lose their home due to mining activities. The Chinecompany’sy’s plans to establish operations in the …
If you received your salary on the 1st of January in ZWL, you would struggle to pay for goods and services in February. This volatile situation results in consumers seeing value eroded from their bank balances at an astonishing rate.
We see wages struggle to keep up with inflation, a phenomenon similar to 2008. Most people buy USD from the black market to retain some semblance of value in these balances.
Zimbabwe has a currency crisis, and the Authorities seem to be struggling to deal with it. The rate at which the Zimbabwe dollar is depreciating signifies the state of the economy. Much of this is being blamed on the countries foreign currency auction system.…
- SEACOM will acquire selected infrastructure assets from Africell Uganda, which are essential for connecting enterprise customers searching for Internet services
- By taking established infrastructure from the company, SEACOM said it could expand further into East Africa and seamlessly integrate its services for clients across Uganda, Kenya, and Tanzania
- The deal will also help the company reduce its reliance on third-party last-mile providers to deliver connectivity solutions
- The expansion follows SEACOM’s recent acquisition of Kenyan service provider Hirani Telecom’s metro fibre network.
SEACOM will acquire selected infrastructure assets from Africell Uganda, which are essential for connecting enterprise customers searching for Internet services.
By taking established infrastructure from the Ugandan company, SEACOM said it could expand further into East Africa and seamlessly integrate its services for clients across Uganda, Kenya, and Tanzania.
The deal will also help the company reduce its reliance on third-party last-mile providers to deliver connectivity solutions. These …
