Trending
- African Heads of State call for tripling of World Bank’s concessional financing
- SpaceX offers Starlink kit at half price for first-time Kenyan customers
- Mobile Banking Reshaping the Gender Gap in Financial Inclusion
- Unleashing ideas: AIM Congress sets the stage for over 450 dialogue sessions
- Abu Dhabi welcomes over 330 partners for AIM Congress 2024
- 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
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.…
Financial services provider Zamara Group has launched Africa’s first pension and savings plan on WhatsApp.
The latest innovation will allow customers to open, access and transact with Zamara’s Fahari Retirement Plan account via WhatsApp.
During the launch, Zamara Group Chief Executive Officer Sundeep Raichura said the development highlighted Zamara’s quest to accelerate and enable digital and financial inclusion in Kenya by providing easy access to financial solutions.
“With a reach of more than 12 million users in Kenya — more than any other app in the country — using WhatsApp we are uniquely positioned to bring more people into the pensions and insurance ecosystem,” said Raichura.
“We will leverage this messaging platform to help address the challenges of financial literacy and deliver micro pensions in Kenya”, added Raichura.
Retirement Benefits Authority Chief Executive Officer Nzomo Mutuku lauded the efforts by Zamara, saying that financial inclusion empowers individuals with the ability …
- Uganda is ready to roll out the new lower secondary school curriculum when schools reopen in January 2022
- The government has recruited and deployed 1,598 staff in the newly completed seed secondary schools
- Institutions of learning across Uganda have been closed since March 2020, following a directive by President Yoweri Museveni, in a bid to curb the spread of COVID-19
Uganda’s education sector is on course in rolling out the new lower secondary school curriculum when schools reopen in January 2022.
This is according to the Prime Minister and Leader of Government Business in Parliament, Robinah Nabbanja.
Nabbanja said the government has recruited and deployed 1,598 staff in the newly completed seed secondary schools under the Uganda Inter-governmental Fiscal Transfers Programme.
“The recruitment of the remaining 1,409 posts has also commenced and will be completed in this financial year 2021/2022,” said Nabbanja.
According to the premier, staffing and purchase of …
Senior policy experts have advised Russia to make its Africa policy a derivative of the country’s overall foreign policy objectives taking into account the continent’s human capital and natural resources.
The ‘Situation Analytical Report’, as it is titled, was prepared by 25 policy experts, as part of a programme sponsored by the Russian Foreign Ministry. It was headed by Sergei A. Karaganov, Dean and Academic Supervisor of the Faculty of World Economy and International Relations of the National Research University’s Higher School of Economics (HSE University). Karaganov is also the Honorary Chairman of the Presidium of the Council on Foreign and Defence Policy.
With its about 1.3 billion people, Africa is a potential market for all kinds of consumable goods and for services. In the coming decades, there will be an accelerated competition between or among the external players over access to the resources and for economic influence in Africa.…
- Kenya’s Mavuno Link has been picked as the Middle East and Africa Regional Winner of the 2021 Call for Code Global Challenge
- The digital company helps tackle food waste and reduce the 5.2million tonnes of food lost every 12 months in the country
- Now in its fourth year, Call for Code has generated more than twenty thousand solutions built using a combination of open source-powered software such as Red Hat OpenShift and IBM Cloud
IBM and David Clark Cause have named Kenya’s Mavuno Link as the Middle East and Africa Regional Winner of the 2021 Call for Code Global Challenge.
Developed in Nairobi, Kenya, the Mavuno Link application helps tackle food waste and reduce the 5.2million tonnes of food lost every 12 months in the country.
The application also connects farmers, drivers and buyers on a common platform and aims to lessen the amount of food lost after harvest by …
- EY Kenya expects the Kenyan economy to rebound and grow by 5 per cent in 2022
- The country is currently in the throes of elections, drought and the negative effects of the COVID-19 pandemic
- The growth will be achieved at the back of various intervention measures rolled out in fighting the COVID-19 pandemic
Global Audit firm, EY Kenya said it expects the Kenyan economy to rebound and grow by 5 per cent in 2022.
Though the country is currently in the throes of elections, drought and the negative effects of the COVID-19 pandemic, EY Kenya said that the fundamentals should position the country to defy negative growth patterns as earlier projected.
The firm said that the growth will be achieved at the back of various intervention measures that have been rolled out by the government in fighting the covid 19 pandemic.
“Kenya appears to have weathered this pandemic and the …
In the years between 2000 and 2010, several insurance companies collapsed and the joke in the industry then was on those clients who were demanding to be served even as the doors were being shut for good.
But industry insiders, like yours truly, knew companies that were in the red and it was only a matter of time before they were shut down. Most insurance consumers did not have a clue as to what was going on. …
