Kenya Archives - Page 8 of 11 - AfricaBusiness.com

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

6Feb

By Africa BusinessNo Comments

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...

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...

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...

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...

How fintechs are making Africa a leading global Innovation Hub

24Jan

By Josephine WawiraNo Comments

Fintech, Kenya News, Main, Nigeria News, South Africa News

How fintechs are making Africa a leading global Innovation Hub

In a continent where over 60% of the adult population is unbanked and the financial sector is considerably underdeveloped, fintech has been a welcomed revolution that is seen to be boosting Africa’s financial infrastructure. With a growing population, an increasing rate of mobile and internet penetration, combined with a substantial need for financial inclusion, Africa is fecund ground for the growth of fintechs and tech giants. There exist endless possibilities, as entrepreneurs seek to use technological advancements to create a range of more reliable and customer friendly solutions to real-world problems. A sizeable number of fintech startups in the continent are closing existing gaps in various industries including healthcare, agriculture, transportation, e-commerce, and mobile money se...

28Oct

By Africa BusinessNo Comments

Africa Travel, Botswana News, Cape Verde News, Democratic Republic of the Congo, Kenya News, Nigeria News, Rwanda News, South Africa News, Tanzania News, Zambia News, Zanzibar

Hotel Development Industry in Africa

Introduction The development of a country partly depends on the expansion of their hotel and tourism industry. Africa is facing a tough time economically and they are trying their best to fight back this economic crisis. They focus on the hotel management sector and try to develop this industry. A hotel is not only a place of accommodation, it is always more than this. Building a hotel means creating opportunities for new jobs and it boosts the regional economic activity in general. History The history of African hotel industry is not very old. It was started back in 1960 with the declaration of their independence. However, the development of hotel industry comes to a standstill due to the lack of investment. Another reason behind this standstill is the investors moved ...

26Sep

By Filippo SonaNo Comments

Africa Travel, Kenya News

Pushing the boundaries of African hospitality

According to the annual African Hotel Chain Development Pipeline Survey from W Hospitality Group, there are 75,000 branded rooms in 401 hotels in the pipeline across Africa On the occasion of the Africa Hotel Investment Forum (AHIF) (https://www.AHIF.com) this week, Filippo Sona, Managing Director, Global Hospitality Drees & Sommer (https://www.DreSo.com/), asks whether Sub-Saharan Africa is ready for an iconic hotel asset that will shape the image of African tourism. According to the annual African Hotel Chain Development Pipeline Survey from W Hospitality Group, there are 75,000 branded rooms in 401 hotels in the pipeline across Africa – a growth of 51% in total pipeline rooms since 2015. The big global chains dominate, with Marriott International representing 81 hotels; Accor 57...

Logistics challenges facing eCommerce in Africa

26Jun

By Josephine WawiraNo Comments

Business, Tech

Logistics challenges facing eCommerce in Africa

According to Euromonitor, the world’s fastest-growing economies by 2030 will be in Africa. This consequently makes the continent the next big e-commerce market. And as this positive narrative continues to place Africa as a top investment destination, the need for advanced logistics systems has become inevitable. The growth of e-commerce will significantly depend on the quality and efficiency of logistics networks; from intra and cross trade to financial transactions in payment of goods and services. When writing the African e-commerce story, I often leap at the chance to explore only the enviable milestones the continent has made. Nevertheless, there still exist formidable challenges especially in logistics, a vital constituent of the industry. The African Development Bank, in its 2019 Afr...