Browsing: investment

• Chinese firm Chery invests $20 million in Kenya to tap the growing demand for electric mobility 
• He added that a $20-million investment is expected to create about 3,000 direct and indirect jobs in the country.
• Shan also revealed that Chery’s entry into the Kenyan market is a result of the cordial and long-standing relations between the two countries.

Chinese vehicle firm Chery will invest $20.1 million (Sh2.62 billion) in Kenya to scale up the production of Electric Vehicles (EVs).

The deal, signed on Saturday, was in partnership with Kenyan firm Afrigreen Automobile, that will see the construction of an assembly plant to produce electric vehicles locally.

Ministry of Investments, Trade and Industry, Principal Secretary Abubakar Hassan Abubakar said the cooperation is expected to boost the uptake of EVs in the country by making them more affordable and accessible.

“The assembly plant will help the transport sector to become

• Kenya’s real estate investment requires obtaining the necessary financing to achieve success.
• Exploring various financing options and establishing strong relationships with banks or financial institutions is crucial.
• Developing effective exit strategies and focusing on long-term appreciation is vital for real estate investment success in Kenya.

Financing options for Kenya’s real estate investment

In Kenya’s real estate investment, obtaining the necessary financing is crucial to success. Fortunately, several financing options are available for Kenyan real estate market investors. Understanding these options can help you make informed decisions and secure the funds needed for your investment endeavors.

Mortgage Loans

One of Kenya’s most common financing options for real estate investment is obtaining a mortgage loan. Kenyan banks and financial institutions offer mortgage products specifically tailored for property purchases. These loans typically involve a down payment and offer competitive interest rates and repayment terms. Evaluating different mortgage options and choosing one that suits …

• Nigeria’s inflation rate has remained high for the past 9 years, way before COVID-19 and the disruptions it imposed.
• Experts have argued that Nigeria’s inflation results from excess money supply in the economic system chasing too few goods.
• Nigeria’s inflation climbed to a new 18-year high in November, matching a record level last seen in 2005.

In 2021, the global economy experienced an inflation surge. This was the first time in many decades that inflation hit double digits in most developed and emerging economies. In the United States, inflation peaked at 9.1 per cent in July 2022, the highest in 40 years.

Such high levels of inflation were unusual and uncomfortable, and the Central Banks in the affected countries tackled it ruthlessly. The applied policy actions paid off and inflation has been moderating fast.

However, what obtains in Nigeria paints a starkly different image from what the rest of the …

• In a significant move by Moody’s Investors Service, Nigeria’s credit rating has been upgraded from stable to positive.
• The devaluation of the Naira and the reduction of the oil subsidy are seen as bold steps towards fiscal responsibility. 
• The recent devaluation of the Naira, a significant move by President Bola Tinubu’s administration, carries profound implications for Nigeria’s credit rating.

In a significant move by Moody’s Investors Service, Nigeria’s credit rating has been upgraded from stable to positive. This shift, while not altering the country’s credit rating, marks a potential turning point for the nation’s fiscal and economic health. The December 9th upgrade reflects the Nigerian government’s concerted efforts to stabilize its economy, spearheaded by President Bola Tinubu, amid a complex tapestry of challenges and reforms.

Credit ratings, as determined by agencies like Moody’s, are pivotal in the global economic landscape. They are a barometer for a nation’s creditworthiness, impacting …

• Reduced commodity prices will hamper Zimbabwe’s economic growth aspirations in 2024. Commodities produced by Zimbabwe include platinum, gold, and diamonds.
• Over the last two years, the country earned record foreign exchange export receipts due to booming commodity prices. However, exports have started to slow and are expected to continue into 2024.
• Zimbabwe will face a perfect storm of economic headwinds, combining factors such as persistent soft commodity prices, anticipated El Nino conditions leading to reduced agricultural output, and lower power generation, all contributing to a reduction in economic growth.

Zimbabwe’s economic growth in 2024 will face challenges due to headwinds within its economy, compounded by external factors undermining its growth aspirations. Global commodity prices have recently decreased, posing a significant concern for countries dependent on producing these commodities for economic sustenance.

Over the last two decades, mining has increased significantly in Zimbabwe’s economy. While agriculture was once central to the …

Africa has today emerged as a fertile ground for groundbreaking startups. As 2024 approaches, the continent’s startup scene is buzzing with activity, marked by impressive funding rounds and strategic expansions. This trend is a fleeting moment and a testament to African entrepreneurship’s resilient and dynamic spirit.

The Exchange Africa spotlights five startups thriving and redefining the business landscape in their respective sectors. From renewable energy solutions in the Democratic Republic of Congo to digital health platforms in Kenya, these companies embody the ingenuity and potential of Africa’s business ecosystem. They attract significant investment and are poised to substantially impact their communities.…

• Nairobi, Kenya, will be the site of the highly anticipated Annual Conference of the African Securities Exchanges Association (ASEA) from November 22nd to 24th, 2023. 
• The African Securities Exchanges Association has played a pivotal role in moulding Africa’s financial scene.
• A partnership of financial firms, the African Securities Exchanges Association is a key player in Africa’s economic revival. Its ability to promote inclusive growth, knowledge sharing, and cooperation is crucial.

Nairobi, Kenya, will be the site of the highly anticipated Annual Conference of the African Securities Exchanges Association (ASEA) from November 22nd to 24th, 2023, drawing the attention of the financial community of Africa. Positioning for Growth: Unlocking Africa’s Stock Exchange Potential for Sustained Economic Development is more than simply a debate topic; it’s a rallying cry for an economic revolution that is about to happen on the African continent.

The African Securities Exchanges Conglomerate (ASEA) has played a pivotal …

Bamburi Cement PLC has announced plans to sell its Ugandan business to Sarrai Group, pending regulatory approvals. The Board of Directors of the cement maker has approved the sale of its stake in Hima Cement Limited, Uganda, amid declining profits.…

• Dubai Ports World (DP World), based in the United Arab Emirates, is rapidly expanding its operations across Africa to become a dominant player in the region’s commerce.
• Establishing a streamlined commerce corridor connecting East Africa and the Great Lakes region is a fundamental plank of DP World’s overall strategy.
• DP World seeks to regulate and strengthen African trade by tackling the difficulties of logistics and storage with cutting-edge digital solutions.

Dubai Ports World in Africa

As the Africa Continental Free Trade Act ushers in a new era of African trade, a significant participant rises from the Arabian Peninsula. Dubai Ports World (DP World), based in the United Arab Emirates, is rapidly expanding its operations across Africa to become a dominant player in the region’s commerce.

The story’s action begins in one of East Africa’s thriving harbours. The vast potential of the Kenyan ports of Mombasa, Lamu, Kisumu, and Naivasha has …

Kenya has bagged three green investment deals at the recently concluded Africa Climate Summit. The sustainable trade investment deals will see the East African nation partner with Sweden, South Africa and Hong Kong to enhance food security and air travel in the country. The parties involved announced the three deals during a sideline event of the 2023 Africa climate summit in Nairobi.…