Kenya News Archives - Page 13 of 17

N’Gunu Tiny on Why social entrepreneurship supports local communities throughout Africa

9Feb

By Veselina DzhingarovaNo Comments

N’Gunu Tiny on Why social entrepreneurship supports local communities throughout Africa

Transformative tech and social innovation expert N’Gunu Tiny talks about how social entrepreneurship helps communities in Africa. N’Gunu Tiny, Founder and Executive Chairman of the Emerald Group, is an expert in transformative tech and social innovation. His book Impacting Lives will be published in Fall 2021. Before the pandemic, Africa was surging ahead with local and national developments across all sectors. And COVID-19 isn’t slowing the emergence of social entrepreneurship that is creating ways out of poverty and empowering Africa’s people. From technology to healthcare, grassroots organisations and local communities are fighting to improve local economies. Social entrepreneurship is the key to encouraging this level of development throughout the continent. Social entrepreneurship is...

Deal making slows across Africa but post-pandemic opportunities look interesting

6Feb

By Africa BusinessNo Comments

Ethiopia News, Ghana News, Kenya News, Main, Mauritius News, Mozambique News, Nigeria News, South Africa News

Deal making slows across Africa but post-pandemic opportunities look interesting

Deal making activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value compared to 2019. As the continent gears up for post-pandemic recovery in 2021, the opportunities presented by free trade across the continent, foreign investment opportunities due to new partnerships and trade relationships, as well as the post-pandemic focus on technology, healthcare and renewable energy, will be key factors in attracting valuable mergers and acquisition (M&A) activity to the region. Further, South Africa’s deal volume and value both dropped in 2020, with the industrials and healthcare sector attracting the biggest investments. Ghana stood out as a country that...

29Jan

By Africa BusinessNo Comments

Egypt News, Ghana News, Kenya News, Main, Mauritius News, Nigeria News, South Africa News

African dealmaking decreases, the Africa’s Free Trade Agreement expected to boost recovery

Dealmaking activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value when compared to 2019. According to Baker McKenzie’s analysis of Refinitiv data, M&A transactions dropped in SSA in H2 2020, down 4% compared to H2 2019 with 329 deals in the period. Deal value fell by 17% to USD8.9 billion in the second half of 2020, compared to the same period in 2019. For the full year 2020, transactions dropped by 8%, with 625 deals in 2020, and deal value dropped by 33%, with deals valued at USD17.4 billion in total for 2020. However, as Africa gears up for its post-pandemic recovery, it appears that the opportunities presented by the recent launch of fr...

Managing the end-of-life of products to accelerate a circular economy in Kenya

19Dec

By Josephine WawiraNo Comments

Kenya News

Managing the end-of-life of products to accelerate a circular economy in Kenya

Studies have shown that there will be more plastic than fish in the ocean by 2050. Marine life will be at risk if we do not act to mitigate the improper disposal of plastic. As the world continues struggling with proper waste management, different solutions have been suggested and adopted to manage the end-of-life of products, especially plastic and electronics. In Kenya, plastic waste disposal remains a major challenge. Plastic litter and dumped waste are degrading the environment— the impact of plastic pollution is felt across the world, with over 8 million tonnes of plastic finding its way into oceans every year. Even more troubling is that less than 10% of all plastic waste ever produced has been recycled, while 79% ends up in landfills, dumps, or the natural environment. With the inc...

Development Trend of African Startups and Fintech

3Dec

By Shahina ParvinNo Comments

Fintech, Kenya News, South Africa News, Startups

Development Trend of African Startups and Fintech

Africa is a land of opportunity long neglected. It is unique and the diversity in cultures may make it difficult for something new to be accepted in society. However, the scenario has changed and African markets have started to gain attention from the past couple of years. Therefore, we can see the rise of African startups as regions progress with time accepting change. Consequently, poverty is going down and the African society promises a safe future and a solid education system for generations to come. Amidst this progress, the number of fintech companies in South Africa is emerging at a rather very fast pace. As the country is starting to embrace digital payment and banking systems instead of the traditional banking system, it has become easy for African tech startups to grab a hold of ...

Ngaren: The Museum Designed to Revolutionize Travel to Kenya, Post Covid-19

25Sep

By Josephine WawiraNo Comments

Africa Travel, Kenya News

Ngaren: The Museum Designed to Revolutionize Travel to Kenya, Post Covid-19

Dr. Richard Leakey’s plans for a new museum dedicated to the story of humankind aims to revolutionize travel to Kenya in the post pandemic world. Ngaren: The Museum of Humankind, being built in Kenya’s Rift Valley, a region synonymous with human origins, is the culmination of Dr. Leakey’s life’s work – whose fossil discoveries have helped reveal how humans evolved. The museum will be the first of its kind offering a life-changing experience, an educational day out, social interaction, and stimulation of all senses. Ngaren will allow visitors to explore human origin and evolution from a scientific perspective, in the context of the natural processes and serendipitous events that led to the survival of Homo sapiens as the only human species alive today. The project aims to contribute...

Top 5 Reasons Why Kenya is a Leading Tech Hub

23Sep

By John BrooksNo Comments

Kenya News, Tech

Top 5 Reasons Why Kenya is a Leading Tech Hub

The Kenyan government has spared no expense in supporting tech startups of the country, and as a result, Kenya has quickly become the tech hub of Africa. With tons of tech startups facilitating the economy of the country. With facilities like NTSA TIMS, Kenya’s people can easily make it big in the tech industry very quickly. Below are the top 5 reasons why Kenya is a leading Tech Hub in Africa. 1. Performance Breeding Performance Let us remember the first two technological success stories that have emerged from Kenya during the last decade. These advances have centered on the growth and prospects of mobile technologies in the world. Safaricom launched the first M-PESA in 2007. With 42% of Kenya's GDP streaming into a revolutionary mobile payment network and more than 677 billion payments, ...

N’Gunu Tiny on How blockchain funding will disrupt the games industry in Africa

15Sep

By Veselina DzhingarovaNo Comments

Fintech, Interview, Kenya News

N’Gunu Tiny on How blockchain funding will disrupt the games industry in Africa

N’Gunu Tiny, Founder and Executive Chairman of the Emerald Group is an expert in Fintech, blockchain and innovative tech. Here’s his take on the impact blockchain could have on the gaming industry in Africa and around the world. The global gaming industry is one of the few that has managed to thrive in 2020. Lockdown only increased the number of console and online gamers around the world. And there are no signs of it slowing down. In fact, with the integration of blockchain technology, gaming and how it’s funded is about to evolve onto a whole new level. How does the games industry in Africa compare with the rest of the world? Before we look at how this will affect Africa specifically, it’s important to look at the global gaming industry in context. Taking one of the biggest online games...

It’s Time For Africa To Invest In Education, Science And Technology

21May

By Mr. Bernard AnnanNo Comments

Kenya News, Main, Science, Senegal News, South Africa News, Tech

It’s Time For Africa To Invest In Education, Science And Technology

Africa produces just 1.1% of global scientific knowledge. There are 79 scientists per million Africans. According to the UNESCO Institute of Statistics (UIS) estimate for 2019 Africa’s funding for Research and Development is 0.4% of the continents GDP which is far below the global average of 1.7% and the lowest in the world. In 2006, the African Union Executive Council established a target for all member states to invest 1% of GDP in Research and Development. Data from the UIS shows that only South Africa, Kenya, and Senegal are close to meeting that target with about 0.8% of GDP dedicated to Research and Development. Africa will continue to be held back in development if we do not immediately invest in Research and Development. Science has the solution for most Africa challenges but we ar...

Has the PE industry failed Sub-Saharan Africa?

10Mar

By Abhishek MittalNo Comments

African News, Kenya News, Main, South Africa News

Has the PE industry failed Sub-Saharan Africa?

African PE (Private equity) firms raised less than $20bn in the decade to 2018, equivalent to just 2.5 per cent of the capital raised by the world’s emerging markets, according to a Preqin report. Moreover, most of that African capital was invested into the relatively advanced economies of South Africa and North Africa, with very little flowing into the rest of the continent. This limited investment into Sub-Saharan Africa (SSA) is explained by investors in PE funds as a result of the low returns from such investments. The PE firms, themselves, acknowledge the limited returns, but claim these markets are still nascent and that returns will rise as these economies evolve. Yet the reality is that it may be the approach being taken by SubSaharan Africa’s PE investors that is causing them such...