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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.…
The East African Community (EAC) and Germany have signed Agreements on technical and financial cooperation worth up to USD 35 million in the areas of integrated water resource management, economic integration and pandemic preparedness.
The Ambassador of the Federal Republic of Germany to Tanzania, Regine Hess and the Secretary-General of the East African Community (EAC) Peter Mathuki signed technical and financial cooperation worth up to USD 35 million between the Government of the Federal Republic of Germany and the East African Community (EAC).
These agreements pave the way for the implementation of three new joint development projects.
The first technical cooperation project worth USD 3.8 million will be launched in January 2022 and aims at strengthening the capacities of the Lake Victoria Basin Commission (LVBC) to fulfil its mandate in the areas of Integrated Water Resource Management (IWRM).
This includes; to improve horizontal cooperation between LVBC, the water administrations …
- Health Cabinet Secretary Mutahi Kagwe said the country is engaging its partners as part of ongoing efforts to develop comprehensive strategies to deal with emerging health challenges
- Former British Prime Minister Tony Blair pledged to support Kenya’s health agenda including expanding internet connectivity among rural communities through his foundation as well as global contacts
Kenya is seeking progressive partnerships as it seeks to adopt new technologies aimed at improving healthcare delivery in the country.
This is according to Health Cabinet Secretary Mutahi Kagwe who said the country is engaging its partners as part of ongoing efforts to develop comprehensive strategies to deal with emerging health challenges.
He made the remarks while he spoke to former British Prime Minister Tony Blair on the sidelines of the second edition of the European Corporate Council on Africa and the Middle East on November 5.
“Kenya has been prioritizing modernizing its healthcare systems as …
- KRA commenced the new financial year on an upward trajectory after surpassing its July – September 2021
- Customs & Border Control (C&BC) collected KSh 57.374 Billion against a set target of KSh 51.200 Billion
Kenya Revenue Authority (KRA) collected KSh154.383 Billion in the month of October 2021 against a target of KSh142.285 Billion, recording a performance of 108.5% and a growth of 23.2%.
This follows a similar positive performance of Quarter Two of the Financial Year 2021/22.
KRA commenced the new financial year on an upward trajectory after surpassing its (July-September 2021) target of KSh461.653 Billion by KSh15.053 Billion, recording a 30.0% growth.
Read: Diaspora remittances a lifeline to investments growth in Somalia
This implies that cumulatively KRA realized collections of KSh 631.090 billion for the period July – October 2021 against a target of KSh 603.939 billion, translating to a performance rate of 104.5%, a growth of 28.3% and …
Gone are the days where an eight to five job was the order of the day.
Millennials have flipped the script and are pursuing careers we never thought would be regarded as being sustainable.
This trend has now landed on the shores of South Africa where young people are breaking out into new career paths.
One such career path is Forex Trading. I am sure you have come across flashy social media posts with young, rich and trendy individuals in luxurious settings. This type of individual drives the latest German automobiles are draped in designer brands and eat at the trendy places in town. Welcome to the life of South African forex traders and we are going to take a look at the top 10 richest Forex Traders in South Africa.
Jabulani Ngcobo
Jabulani Ngcobo is a charismatic socialite and is known as Cashflow in his circles. This popular businessman …
- North Africa GDP was negative -1.1 per cent (2020) and -5.1 percentage point drop over 2019
- But the region is expected to recover pre-pandemic, propelled by oil and tourism industry
- Vaccination is still an important element in supporting the region towards recovery
The African Development Bank (AfDB), one of Africa’s multilateral development finance institutions, has released its 2021 edition of the North Africa Economic Outlook published on November 3, noted several interesting developments, including the potential for the economy to rebound attributed to performance in oil and tourism.
The COVID-19 pandemic trapped North Africa in economic uncertainty, as growth was hugely affected, causing serious shocks in oil prices and a drop in tourism.
The bank report noted that real GDP growth was negative in 2020 at – 1.1 per cent and – 5.1 percentage point drop over 2019. This situation pulled different sorts of reactions to curb the impacts, such …
- Digital media entrepreneurs are producing ground-breaking journalism and achieving a significant impact on their societies
- African media entrepreneurs achieved civic engagement, criminal investigations, and changes in the law through their articles
- The researchers found that more than 85% of the media interviewed had contributed to significant political and societal changes
A new report has revealed that digital media entrepreneurs are producing ground-breaking journalism and achieving a significant impact on their societies, despite often tiny budgets and constant online threats and attacks.
The Inflection Point International report indicates that more than 85% of the media interviewed had contributed to significant political and societal changes.
SembraMedia, a non-profit that supports entrepreneurial journalists, published the report in partnership with the global philanthropic organisation Luminate.
It carried out more than 200 international interviews and interviewed 49 independent digital native media organisations in African countries, namely: Ghana, Kenya, Nigeria and South Africa.
Civic engagement
According …
