Friday, April 19

Business

Short-Term Rentals in Nairobi
  • 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.…

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Kenya and South Korea to strengthen legal services
  • 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 …

US-Africa green and sustainable financing
  • 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.…

AIM Global 2023
  • The 12th edition of the Annual Investment Meeting (AIM) featured a one-of-a-kind masterpiece by renowned artist Nadmid Sergelen.
  • The piece captured the Cultures and Accomplishments of Mankind while illustrating the Synergy and Diversity of Life on Earth called ‘One Day of the World,’. 
  • Day 2 session on ‘Investment Monitor’s FDI Report 2023: A focus on the Middle East & Africa focused on the two areas’ investment landscape.  
  • Day 3 commenced with a panel discussion on Sustainable Investment Opportunities in FDI. 

The 12th edition of the Annual Investment Meeting (AIM) featured a one-of-a-kind masterpiece created by the renowned artist Nadmid Sergelen. The works of art captures the Cultures and Accomplishments of Mankind while illustrating the Synergy and Diversity of Life on Earth called ‘One Day of the World,’. 

The painting is unique for its Historical Significance and Value. The fragility of the natural flora and fauna, as well as the Global

Arab-China Unicorn Conclave
  • Unicorns can play a huge role in promoting urban connectivity and creating jobs.
  • The Arab-China conclave served as a platform to discuss the global economic outlook and sustainable development.
  • Conclave is an opportunity to forge new connections, and open up fresh investment opportunities.

The 12th edition of the Annual Investment Meeting (AIM) hosted Top 50 Unicorns from China. The forum brought together investors, startups, and innovators from the United Arab Emirates (UAE) and China.

It marked an opening ceremony for ‘Arab China Unicorn Investment Conclave by HE Dr. Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade. It also saw the esteemed presence of Dr. Wissam Fattouh, Secretary General Union of Arab Banks and Mariam Gao, General Secretary of Arab China Unicorn Investment Conclave.

HE Dr. Thani bin Ahmed Al Zeyoudi said the “conclave gathers startups and unicorn companies that represent the future of …

Annual Investment Meeting 2023
  • Policymakers and business leaders hold panel discussions.
  • Leaders share experiences and expertise focusing on the current economic conditions.
  • UAE capital city Abu Dhabi has solidified its position as a global hub for business growth.

Top government officials and business leaders from 170 countries are meeting in Abu Dhabi, UAE, for the Annual Investment Meeting 2023. The three-day forum, which is a premier platform for international investors, opened on Tuesday, May 8th.

The 2023 edition is bringing together top corporate leaders, government executives, decision-makers, and policymakers to explore untapped business opportunities globally.

The forum, which is under the theme “Investment Paradigm Shift: Future Investment Opportunities to Foster Sustainable Economic Growth, Diversity, and Prosperity,” is being held in Abu Dhabi city for the first time.

The first day was largely on several sessions of keynote speeches and panel discussions bringing together top policymakers and business leaders.

Leaders shared their experiences and …

Anti government protests in Nairobi.
  • High inflation due to rising fuel and food costs hurt business confidence in April.
  • Stanbic Bank’s Purchasing Manager Index (PMI) shows output and new orders declined sharply.
  • Downturn was led by manufacturing and services, contrasting with expansions in agriculture, construction, wholesale and retail.

Kenya’s business confidence dipped to the lowest levels on record in April, the latest PMI survey shows. During the period, high inflation and political unrest led to a sharp fall in customer demand ruffling business confidence.

Activity levels and input purchases also fell sharply, but employment numbers continued to rise, the Purchasing Managers’ Index indicates. On a positive note, input cost pressures showed further signs of having peaked, dropping to their lowest recorded in 2023 so far, though remaining steep.

The headline figure derived from the survey by Stanbic Bank Kenya is the PMI. Readings above 50 signal an improvement in business conditions on the previous month, …

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Entering medical school in the USA is a dream for many aspiring healthcare professionals. However, before you can don that white coat and stethoscope, you must first navigate the rigorous medical school admission process, which often includes a crucial component: the admission interview. 

In this comprehensive guide, we’ll explore everything you need to know about preparing for medical school admission interviews in the USA, from understanding the interview format to mastering common interview questions and presenting yourself as a strong candidate.

Understanding the Medical School Admission Interview

Before focusing on preparation tips, it’s essential to understand the purpose and format of the medical school admission interview. Medical school interviews serve as an opportunity for admissions committees to assess candidates beyond their academic achievements. 

They aim to evaluate applicants’ interpersonal skills, communication abilities, ethical reasoning, and overall suitability for a career in medicine.

Preparing for the Interview

Preparing for a medical

China tourists
  • In a fresh strategy, Kenya Tourism Board (KTB) says arrivals from China hold massive potential in contributing to the country’s tourism earnings.
  • China accounted for 82,180 and 83,388 arrivals in 2018 and 2019 respectively positioning itself as Kenya’s sixth largest source market.
  • Before the pandemic, China was the world’s largest outbound travel market with over 150 million travelers, whose spending contributed up to $255 billion to global tourism industry. 

The Kenya Tourism Board (KTB) is looking to capitalize on outdoor and nature-based tourism experiences, a move aimed at attracting a significant number of Chinese tourists to sample the sector’s offerings in East Africa’s largest economy. 

KTB Chairperson Francis Gichaba says the initiative is part of the state agency’s efforts to shore up tourism numbers from the growing Chinese market even as the industry recovers from Covid-19 pandemic-induced hit.

Mr Gichaba said the new strategy is aimed at increasing arrivals from

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