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- Kenya, Tanzania braces for torrential floods as Cyclone Hidaya approaches
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- Falling transport and food costs drive down Kenya’s inflation to 5 per cent in April
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.…
- Kenya’s President Uhuru Kenyatta has unveiled the Universal Health Coverage (UHC) national scale-up and called on Kenyans to register for the National Health Insurance Fund (NHIF)
- Kenyatta said the programme was started in the country in 2013 with the highly acclaimed free maternity programme dubbed “Linda Mama”, which currently benefits over one million mothers annually
- On health infrastructure, President Kenyatta said the government’s investments since 2013 had seen an increase of 43 per cent in public health facilities from a stock of 4,429 facilities in 2013 to 6,342 currently
Universal Health Coverage for Kenyans
Kenya’s President Uhuru Kenyatta has unveiled the Universal Health Coverage (UHC) national scale-up and called on Kenyans to register for the National Health Insurance Fund (NHIF).
The President affirmed the government’s commitment to spreading the benefits of UHC across the country through the development of a focused policy to accelerate its implementation.
“My administration has developed …
- East African Breweries Plc’s KSh 11 billion ($96.8 million) Medium-Term Note ranked among the top corporate deals done in Africa in 2021
- The Bond and Loans Awards usually recognizes the most innovative and ground-breaking deals from Sovereign, Corporate, and Financial Institution issuers and borrowers
- The bond was issued in October and saw investors bid KSh 37.9 billion ($333 million) in the issuing round, representing an oversubscription of 275%, a record for EABL
The Bond and Loans Awards has ranked East African Breweries Plc’s KSh 11 billion ( EABL ) ($96.8 million) Medium-Term Note among the top corporate deals done in Africa in 2021.
The Awards ceremony usually recognizes the most innovative and ground-breaking deals from Sovereign, Corporate, and Financial Institution issuers and borrowers.
It named the bond the Local Currency Corporate Bond Deal of the Year.
EABL Group CFO Risper Genga-Ohaga said issuing the bond was the right decision.
“When …
- IBM Growth Markets General Manager for Africa Julia Carvalho said increased use of Artificial Intelligent is not limited to organizations and businesses
- Technology is playing a key role in crucial industries such as agriculture and said it would help to deliver data analytics and predictive insights to help farmers make better-informed decisions
- Overall, IBM revealed that nearly half of global businesses at 43% accelerated their rollout of AI over the last year as organizations looked to virtual assistants to automate workflows
Artificial intelligence use in Africa
Artificial Intelligence (AI) is the future, and experts are advising players, especially in agriculture, to incorporate the technology in their operations.
A recent IBM report revealed that nearly half of global businesses at 43% accelerated their rollout of AI over the last year as organizations looked to virtual assistants to automate workflows.
80% of companies stated they had plans to roll out some form …
Findings show that increasing costs in every market due to a year of supply disruption did not deter data centre demand in most markets including Nairobi and Johanessburg.
The two African capitals were among 44 other locations that were surveyed.
According to the study, despite the negative impact of the coronavirus pandemic, demand remained relatively steady when compared to other industries owing to governments’ decisions to make working and schooling from home mandatory. …
- Kenyan-based health startup Afya Rekod has raised $2million in Seed funding to expand its business and speed up the launch of its patient portal
- The platform allows organisations, health providers, and medical experts to interact and connect with patients, even remotely, in real-time while providing tools to store, manage and analyse health records
- The company’s Founder, John Kamara, said the investment would help them achieve their mission of empowering patients
Health Data Platform
Afya Rekod, a Kenyan-based health data platform, has raised $2million in Seed funding to expand its business and speed up the launch of its patient portal
The company has a health record management platform built to assist users with better healthcare services.
Its platform allows organisations, health providers, and medical experts to interact and connect with patients, even remotely, in real-time whilst providing tools to store, manage and analyse health records and manage hospitals and facilities.
Its …
- Amitruck has secured $4m in a seed funding round that had the participation of investors from Africa, Asia, Europe, the Middle East, and the United States
- The company will use the new funding to expand its presence across Africa and hire new talent
- Better Tomorrow Ventures (BTV), a San Francisco-based venture capital firm that targets early-stage startups, led the funding
Amitruck receives funding
Amitruck receives funding of around $4m in a seed funding round that had the participation of investors from Africa, Asia, Europe, the Middle East, and the United States.
Better Tomorrow Ventures (BTV), a San Francisco-based venture capital firm that targets early-stage startups, led the funding.
Also in the round were supply chain and mobility venture capital Dynamo Ventures, an investor to Berlin-based Digital Freight Forwarding unicorn, Sennder GmbH.
Other investors included Rackhouse Ventures, founded by Kevin Novak, one of the early members of Uber Freight; Flexport …
