Economic Growth

  • Pullman Hotel Nairobi will begin operations in June 2024
  • Kenya has 31 hotels with a total of 4,268 rooms in the pipeline with an average room size of approximately 138 square feet.
  • Pullman Hotel Nairobi Upper Hill has similarly adopted the concept of “workspitality” under the co-working spaces brand WOJO.

French multinational hospitality group, Accor will unveil its first premium Pullman branded hotel in Kenya next month. This will add to Accor’s offering in the Kenyan market, which includes Fairmont the Nofolk and Mövenpick Hotel & Residences in Nairobi among others.

According to Pullman Hotels & Resorts Director of Sales and Marketing Susan Waringa, the Pullman Hotel Nairobi Upper Hill which is set to open its doors to guests in June this year will have 162 rooms offering premium hospitality.

“We’re excited about the opening of Pullman Hotel Nairobi Upper Hill, catering to the needs of the hyper-connected business and …

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  • New hotel room developments in Kenya have dropped.
  • With continued signing activity (19 hotels with about 5,200 rooms in 2023) Egypt now accounts for 28 per cent of the total pipeline.
  • When it comes to hotels under construction, Marriott International leads the way, with 138 hotels (15,011 rooms) currently being built.

Kenya has ranked seventh in Africa among the countries with the highest number of hotel room developments by international hotel chains, a drop from position five in 2022.

This is according to the latest survey by Lagos-based W Hospitality Group, in association with the Africa Hospitality Investment Forum (AHIF). From the survey, Kenya has 31 hotels with a total of 4,268 rooms on the pipeline with an average room size in these hotels is approximately 138 square feet.

North Africa continues to dominate the planned supply, with Morocco and Egypt together comprising almost 31 per cent of the …

  • The Uganda National Oil Company (UNOC) is directly importing petroleum products from Vitol Bahrain, aiming to reduce reliance on Kenyan firms and mitigate high fuel prices. 
  • UNOC’s direct importation and sale of fuel to OMCs in Tanzania and Uganda is a significant step towards fostering stronger regional ties, promoting economic growth, and ensuring energy security. 

Uganda National Oil Company (UNOC) has started the sale of petroleum products to oil marketing companies in both Uganda and Tanzania.

This is part of a broader strategy to test the waters before UNOC embarks on a direct importation agreement with the global oil titan, Vitol Bahrain. This maneuver signals a new era in East Africa’s energy dynamics, especially following a cooling of relations between Uganda and Kenya over fuel supply mechanisms.

Breaking New Ground: Uganda National Oil Company Direct Importation Deal

For years, Uganda’s fuel supply chain was heavily dependent on Kenyan OMCs. However, …

Consider everything you have heard about Africa is wrong and start on a quest to know and understand the continent better when it comes to the opportunities it has to offer. 

For anyone giving investing in Africa a wide berth, it is because of what they have heard and rarely due to what they have experienced. This will lead to missing the myriad opportunities the continent has in the different sectors where investment is badly needed.

 

For starters, Africa is not only the fastest-growing continent on the planet but it is also fuelled by a young and rapidly urbanizing population which will drive demand for a long time to come.…

The Kenya Off-Grid Solar Access Project (KOSAP) has embarked on testing cookstoves and clean cooking technologies in two counties under the Project.

The move is in tandem with International Standard for testing cookstoves to ensure that the cookstoves sold in these counties meet the high-quality standards.

The cookstove testing initiative is being implemented under KOSAP’s Clean Cooking Solutions Challenge Results-Based Facility (CCS RBF).

The CCS RBF is a Ksh 500 million incentive fund established as a subcomponent of KOSAP to establish sustainable supply chains of higher tier cookstoves and cleaner cooking fuels in KOSAP Service Territories (KSTs), where at present, the use of clean, and efficient cookstoves is low. International Standards for testing cookstoves will be used to ensure that the cookstoves sold in these counties meet high-quality standards.

Read: Woman in Tanzania shares her secret in cookstove-making

The stove testing will be conducted using controlled cooking tests whereby cooks …

Mining activities are some of the most power-intensive globally, with electricity required to operate haul trucks, earth-movers, underground excavators, blasting tools and mining drills accounting for up to 40% of a company’s total expenditures. Regionally, southern Africa is forecast to elicit some of the largest power requirements in mining on the continent – led by South Africa, Mozambique and Zambia – and followed by Central and West Africa. With COVID-19 leading to production site shutdowns, loss of output and volatile commodity prices, the ability to reduce operational expenditures – via electricity costs – has risen to the forefront of mining firms’ agendas.

And yet there are two major impediments to accessing sufficient quantities of low-cost electricity. First, Africa is home to some of the lowest electricity access rates globally, with a lack of infrastructure, unreliable grids and frequent blackouts posing a major threat to output and production efficiencies. The Democratic …

The future of Africa is fenced around its ability to utilize renewable energy potential. Harnessed effectively, Africa stands to become the next world powerhouse and take over energy production once and for all.  

In this context, the African sun has plenty of potential to transform the continent’s energy generation landscape.  Africa is endowed with plenty of renewable energy, hydropower and natural gas. 

The International Energy Agency points to Africa as a region harbouring nearly 17 per cent of the global population but it only holds four per cent of global power supply investment. …

Africa is expected to recover from its worst recession in half a century and reach 3.4 per cent growth in 2021.
This growth which is expected to defy the effects of increasing debt burden and the Covid-19 pandemic does not however promise to wipe out poverty but instead an estimated 39 million more Africans could possibly slip into extreme poverty this year in addition to the about 30 million who were pushed into extreme poverty in 2020 as a result of the pandemic.…

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