Investing

  • A HassConsult report shows that land prices in Nairobi suburbs remained static in the last quarter of 2022
  • The perfomance is a result of the spillover effect from the previous quarter, when activity slowed down across the general economy
  • Property prices also recorded a 2.2% drop driven by price declines across the board

A new report by HassConsult shows that land prices in Nairobi suburbs remained static in the last quarter of 2022.

The land prices indices show that land in the areas grew by a marginal 0.2% during the period under review.

The performance of land prices in Nairobi over the last three months of 2022 is a result of the spillover effect from the previous quarter, when activity generally slowed down across the general economy.

HassConsult observed that some suburbs are benefiting from the ripple effect of Westlands’ increasing commercialisation.

Loresho was the best-performing suburb over the quarter, …

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  • TradeMark East Africa has rebranded to TradeMark Africa (TMA) and simultaneously officially launched its West Africa operations
  • The organisation now has a presence in fourteen countries in sub-Saharan Africa (SSA), including Kenya, Uganda, Tanzania, Rwanda, Burundi, Malawi, Zambia, Mozambique, and Ghana 
  • TradeMark has made cumulative investments of over $1.3 billion since 2010 to reduce the time and costs of trading across borders, and to improve the export competitiveness of African businesses

TradeMark East Africa has rebranded to TradeMark Africa (TMA) and simultaneously officially launched its West Africa operations.

Founded in 2010 in Kenya, TMA marks an expansion from its previous core operational area of East Africa and the Horn of Africa to also support countries in West and Southern Africa.

TradeMark Africa now has a presence in fourteen countries in sub-Saharan Africa (SSA): Kenya, Uganda, Tanzania, Rwanda, Burundi, the Democratic Republic of Congo (DRC), South Sudan, Ethiopia, Somaliland, Djibouti, Malawi, …

Over the past decade, African countries have accumulated external debt at a faster pace. The countries have capitalized on abundant, low-cost international credit for fiscal and balance-of-payments funding to help drive development plans.

Africa’s total external debt, accrued by both the private and public sectors, owed to foreign lenders, has surpassed $1 trillion. The related annual debt servicing costs broke through the $100 billion threshold for the first time in 2021.…

  • The African diaspora is a diverse group, with communities found in countries all over the world, including the Americas, Europe, and Asia.
  • The African diaspora can contribute to Africa’s GDP and development through investment, remittances, and the transfer of skills and knowledge.
  • Diaspora investments also add significant value to African enterprise. The World Bank records over US$80 billion sent to and within Africa in 2020.

The African diaspora, the dispersal of people of African descent throughout the world, has had a significant impact on both Africa and the African diaspora communities. The transatlantic slave trade, colonialism, and other historical events have led to the dispersal of millions of people of African descent throughout the world. The experiences of people of Africans in diaspora communities have been shaped by these historical events and continue to be felt today.

The African diaspora is a diverse group, with communities found in countries all …

  • Kwara has raised a US$3 million seed extension and signed an agreement to acquire a subsidiary of the Kenyan Union Of Savings and Credit Cooperatives (Kuscco)
  • Kwara also announced the acquisition of IRNET, a software provider owned Kuscco
  • Investors in the round include existing backers DOB Equity, Globivest and One Day Yes and Base Capital

Kenyan startup Kwara has raised a US$3 million seed extension and signed an agreement to acquire a subsidiary of the Kenyan Union Of Savings and Credit Cooperatives (Kuscco).

On January 13, 2022, Kwara announced the acquisition of IRNET, a software provider owned by the national body of credit unions in Kenya – Kuscco.

Investors in the round include existing backers DOB Equity, Globivest and the founder of Kobalt Music. New investors, mainly African VCs, participated as well. They include One Day Yes and Base Capital and fintech executives including Mikko Salovaara, CFO of Revolut.

Kwara …

Airduka
  • A finding by online marketplace Airduka has found that small-scale sellers in Kenya are optimistic that the business environment will remain stable in 2023
  • The study found that 75% of small scale sellers expect the trading environment to be calm over the next twelve months now that risks associated with threats such as COVID-19 and the general elections have settled
  • As per the finding, 60% of sellers said they expect their revenues to remain steady in the first half of the year, with growth expected in the second half

Small-scale sellers in Kenya are optimistic that the business environment will remain stable in 2023.

A finding by online marketplace Airduka found that 75% of small scale sellers expect the trading environment to be calm over the next twelve months now that risks associated with threats such as COVID-19 and the general elections have settled.

Airduka surveyed a section of sellers …

  • Eastern Africa startups raised $1.2 billion in 2022 a 115 percent increase compared to 2021 where startups raised $600 million. 
  • Western Africa, despite a small decrease in funding in the period under review, remains firmly in the lead in the continent.
  • The region’s startups received funding worth $1.8 billion in 2022 from $2 billion in 2021. 

Eastern Africa startups raised $1.2 billion in 2022 a 115 percent increase compared to 2021 where startups raised $600 million. 

Latest data from The Big Deal indicate that this is a huge milestone as the region reached the $1 billion mark for the first time resulting in its revenue share for continental funding more than doubling from 12 percent in 2021 to 26 percent in 2022. 

According to the report, Western Africa, despite a small decrease in funding in the period under review,  remains firmly in the lead in the continent. The region’s startups

Savings and Credit Co-operative Societies (SACCOS) in the country are looking to tap into the opportunities availed by the nascent Hustler Fund, having been identified as a key vehicle to disburse loans from the Kshs 50B kitty to Kenyans. Inaugurated by President William Ruto, the Hustler Fund is set to launch phase two of the Program in February which will position SACCOS as pivotal players in the initiative.

SACCOS regulated by the Sacco Societies Regulatory Authority (SASRA) will be able to access between Kshs 10 to 100 million. In a consultative meeting with Co-operatives’ leadership under the Co-operative Alliance of Kenya (CAK), Co-operatives CS Simon Chelugui noted that the Co-operative movement is at the core of Ruto’s administration who sees the movement as instrumental in scaling economic growth.

The CS highlighted that SACCOS play a critical role in inculcating and mobilizing a savings culture among the large swathes of Kenyan …

  • A dividend is a portion of a company’s profits that is distributed to stockholders.
  • The dividend dates include cum dividend date, ex-dividend date, the record date, and the dividend payment date.
  • Knowledge about how and when dividends get disbursed helps ensure investors make informed decisions.

Investing in stocks can offer investors a number of benefits, such as the potential for long-term capital appreciation, the ability to diversify their portfolios and the potential for dividend income. Capital appreciation is the increase in the value of an asset over time and stocks can generate long-term capital appreciation if held for the long term. Diversification is the practice of spreading investments across different asset classes or types of investments, which can help reduce overall portfolio volatility. Dividend income is generated when a company pays out a portion of its profits to shareholders, and can provide a steady stream of income to investors.

Well, …