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- Kenyan Farmers Receive $2M Boost from Africa Fertiliser Financing Mechanism
- Brace for High Interest Rates for a Longer Period World Bank Warns Kenya
- Kenya-Ethiopia Trade Relations: Legislators Advocate for Policy Alignment to Boost Ties
- Visualising the state of debt in Africa 2024
- Abu Dhabi radiates optimism as over 300 startups join AIM Congress 2024
- TLcom Capital Raises $154 million in Funding to Boost Its African Growth
- Africa’s $824Bn debt, resource-backed opaque loans slowing growth — AfDB
- LB Investment brings $1.2 trillion portfolio display to AIM Congress spotlight
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 Insights reported that the ship (MT Jag Prarena) docked at the Port of Mombasa on December 30 and was offloaded for nearly three days. Four other vessels that had gone through the legal importation process we kept at bay, incurring approximately Ksh100 million (US$88 million) in demurrage charges.
OMAK said that Gulf had imported the petrol contrary to the petroleum act 2019, with the importation and offloading of the cargo being done outside the Open Tender System (OTS).
The act prohibits private imports of refined petroleum products using state-owned common user facilities.…
- The Kampala Capital City Authority (KCCA) decongest the Central Business District (CBD) by removing boda boda riders and reducing public service vehicles
- Tororo District Woman Member of Parliament, Sarah Opendi said the CBD needs to have less motorised activity
- Stella Atyang (NRM, Moroto District) suggested that KCCA needs to build tram lines where the drainage channels run as one way to decongest the city
The parliament in Uganda has tasked the Kampala Capital City Authority (KCCA) to decongest the Central Business District (CBD) by removing Boda Boda riders and reducing public service vehicles.
In a meeting of the Committee on Physical Infrastructure, Tororo District Woman Member of Parliament, Sarah Opendi said the CBD needs to have less motorised activity.
“This report is silent about the boda boda riders. What is the plan? Should they be left to work outside the CBD?” Opendi asked.
She noted that over the years, KCCA …
- Ministers of Agriculture from Africa and the Americas committed to working together to develop a cooperation agenda
- The ministers also agreed that the two continents face common challenges and opportunities regarding transforming their agri-food systems to make them more sustainable and inclusive
- Other topics of common interest that emerged from the debate were the recovery of degraded soils, efficient water management, and the promotion of more open, fairer, and more transparent international food trade
Africa and America agriculture ministers meet
Ministers of Agriculture from Africa and America meet and committed to working together to develop a cooperation agenda and agreed that the two continents face common challenges and opportunities regarding transforming their agri-food systems to make them more sustainable and inclusive.
The agreement was reached during the First High-Level Roundtable between Africa and the Americas, convened and organised by the Alliance for a Green Revolution in Africa (AGRA) and the …
- UNWTO reports a 4% rise in international tourist arrivals in 2021
- However, 2021 was another challenging year: arrivals were still 72% down on pre-pandemic levels
- Recovery needs stronger coordination and increased vaccination rates
Global Tourism Pandemic
Global tourism experienced a 4% upturn in 2021 to reach 415 million arrivals, compared to 2020, During Pandemic which saw arrivals drop to 400 million.
However, international tourist arrivals were still 72% below the pre-pandemic year of 2019, according to preliminary estimates by UNWTO. This follows on from 2020, the worst year on record for tourism when international arrivals decreased by 73%.
The first 2022 issue of the UNWTO World Tourism Barometer shows that rising rates of vaccination, combined with easing of travel restrictions due to increased cross-border coordination and protocols, have all helped release pent up demand.
International tourism rebounded moderately during the second half of 2021, with international arrivals down 62% in …
The Spain energy crisis comes after Algeria cut off natural gas supply through the Gaz-Maghreb-Europe (GME) pipeline.
Algeria President Abdelmadjid Tebboune authorized Sonatrach (state energy firm) to stop gas exports to Spain through the pipeline that transverses through Morocco to Spain, due to tensions with Rabat, accusations that Morocco denied.
The 1400 km GME pipeline has been in operation for over 55 years, delivering billion cubic metres per year to Portugal and Spain.…
- President Uhuru Kenyatta has hailed the strong bilateral ties between Kenya and Hungary but regretted the low volumes of trade and investment flow between Nairobi and Budapest
- Kenyatta said Kenya had intensified efforts to promote greater linkages and networks between the private sector and business communities in the two countries
- Kenya and Hungary signed four bilateral agreements for cooperation in the health, water, education and diplomacy sectors.
Kenya Hungary trade ties
President Uhuru Kenyatta has hailed the strong bilateral ties between Kenya and Hungary, saying economic cooperation, trade and investments mainly drive the relationship.
However, Kenyatta regretted the low volumes of trade and investment flow between Nairobi and Budapest over the last five decades despite substantial commercial potential.
“To address the low trade volumes, we have to intensify efforts to promote greater linkages and networks between the private sector and business communities in the two countries. We also encourage them …
