Browsing: environmental

• Experts call for a shift from short-term political cycles to forward-looking, long-term effort to address the climate crisis effectively.
• Carbon taxation taxes carbon, it doesn’t tax energy. It creates incentives for the private sector to move from fossil fuels to alternative sources of energy.
• Globally, countries pump $5 to $7 trillion dollars a year into fossil fuel subsidies. Experts argue that if you stopped that and put it into clean technologies, we would have solved the problem.

In a world increasingly shaped by the dual crises of climate change and economic instability, the Oxford Department of Economics, in collaboration with EBC Financial Group (EBC), hosted a pivotal session in the “What Economists Really Do?” (WERD) series.

The event brought together leading minds from academia and finance to explore actionable strategies for aligning economic systems with environmental sustainability while addressing pressing societal concerns.

The event, titled “Macroeconomics and Climate,” …

• 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.…

• Most East African family businesses believe that it is essential to be trusted by customers, employees and family members. 
• Among those who consider trust among each group important: 56% are fully trusted by customers, 47% are fully trusted by employees and 77% are fully trusted by family members.
• East Africa’s level of trust is slightly higher than global survey on family businesses.

Family businesses in East Africa demonstrated robust performance over the past financial year, with 64 percent experiencing growth, compared to 46 percent in 2021, as indicated by a survey conducted by the advisory firm PwC. The PwC’s East Africa Family Business Survey 2023 affirms the resilience of family businesses, consistently overcoming geopolitical challenges.

Despite their success, experts emphasize that these businesses must adopt new priorities to ensure the longevity of their legacies. The landscape of building trust in business is undergoing a fundamental and rapid transformation. Environmental, Social, …