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- History beckons as push for Kenya’s Ruto to address US Congress gathers pace
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- The US Congress proposes extending Agoa to 2041, covering all African countries
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- Empowering the Future: Humanity Protocol’s Dream Play Initiative
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- Rwanda sees 39% surge in bank borrowers as Sacco and MFI loan uptake declines
- Kenya Ports Authority wins dispute case over cargo release
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.…
- Afya Rekod has partnered with Medi-science International Limited to transform healthcare delivery through improved access to personal health data in Africa and Europe
- The partners said the deal would give patients an accessible record of their own health history by enabling patients, doctors and hospitals to host health records securely on one platform
- Through such partnerships, Afya Rekod said it is decentralising current healthcare systems
Kenya’s Afya Rekod has partnered with British firm Medi-science International Limited to transform healthcare delivery through improved access to personal health data in Africa and Europe.
On Friday, August 19, 2022, the partners said the deal would give patients an accessible record of their own health history by enabling patients, doctors and hospitals to host health records securely on one platform through a digital application.
Through such partnerships, Afya Rekod said it is decentralising current healthcare systems.
Commenting on the partnership, John Kamara, CEO Afya …
In June 2022, the International Air Transport Association (IATA) revealed that Nigeria had not handed over US$ 450 million owed to different airlines. By July 2022, the money owed to foreign airlines had risen by US$14 million to US$464 million.
The funds were generated from ticket sales but were yet to be remitted, leading to friction between Nigerian authorities and international airlines.
The Nigerian federal government attributed the mess to the foreign exchange crisis as the naira continues to weaken against the dollar. IATA asked the West African country to release the funds’ failure, to which it risks being alienated from air connectivity.…
- The East African Community (EAC) should boost its transactions under the existing regional and international trade agreements and opportunities
- EABC Chairperson Angelina Ngalula said agreements including African Continental Free Trade Area (AfCFTA), and African Growth and Opportunity Act (AGOA) would be beneficial
- Data shows that Intra-EAC trade is below 20 per cent, while intra-African exports are 18 per cent of total exports
The East African Community (EAC) should boost its transactions under the existing regional and international trade agreements and opportunities.
East African Business Council Chairperson Angelina Ngalula said the bloc could benefit from the African Continental Free Trade Area (AfCFTA), African Growth and Opportunity Act (AGOA), and the Economic partnership agreement.
Quoting statistics, Ngalula noted that intra-EAC trade is below 20 per cent, intra-African exports are 18 per cent of total exports, and EAC exports to AGOA are valued at USD 5.26 billion, while EAC exports to EU stood …
- Kakuzi PLC has posted a 60 per cent rise in its pretax profit to reach KSh 494.7 million for the first six months of the year
- The performance came against the firm’s strategic Avocado and Macadamia crops and steadily growing revenues from its market and product diversification efforts
- The complex international markets, an increasing cost base for many of the firm’s key inputs, and a worldwide consumer spend squeeze may affect the full-year results
Kakuzi PLC has posted a KSh 494.7 million pretax profit in its half-year results.
In a statement, the listed company said the performance was driven by increased sales, leading to a 60 per cent rise in its earnings.
The performance came against the firm’s strategic Avocado and Macadamia crops and steadily growing revenues from its market and product diversification efforts.
Kakuzi Managing Director Chris Flowers said the firm’s pretax profit has grown to KSh 494.7 million, …
- Java House Africa Group has announced that it was seeking franchisees under its Kukito Brand, which primarily serves grilled chicken and fries, to accelerate its growth in Kenya
- The restaurant chain is looking to partner with local investors for an undisclosed amount who will use the Kukito brand name to establish more fast-food outlets across the country
- The Group announced plans to open 30 new Kukito outlets in various parts of Nairobi in July 2021, reflecting the Group’s proactive expansion strategies
International restaurant chain Java House Africa Group has announced that it was seeking franchisees under its Kukito Brand, which primarily serves grilled chicken and fries, to accelerate its growth in Kenya.
The restaurant chain is looking to partner with local investors for an undisclosed amount who will use the Kukito brand name to establish more fast-food outlets across the country.
This comes after the Group announced plans to open …
- German-based manufacturing company Stihl Group has announced plans to open a new subsidiary dubbed Stihl East Africa in Nairobi, Kenya, by the end of August 2022
- This will make Kenya the first East African hub for the manufacturing company and the second African country after South Africa, where the company established a subsidiary in 1996
- Stihl said it intends to distribute its agricultural and construction equipment to the East African countries, which include Tanzania, Uganda, Burundi, Rwanda, South Sudan, Ethiopia, and Somalia, through Kenya
Stihl Group, a German-based manufacturing company, has announced plans to open a new subsidiary dubbed Stihl East Africa in Nairobi, Kenya, by the end of August 2022.
This will make Kenya the first East African hub for the manufacturing company and the second African country after South Africa, where the company established a subsidiary in 1996.
Stihl said it intends to distribute its agricultural and construction …
