Nairobi Archives - Page 3 of 6 - AfricaBusiness.com

9Oct

By Africa BusinessNo Comments

DPI raises one of the largest Africa funds at US$900m to invest in innovation-led companies

Development Partners International (DPI), a premier investment firm focused on Africa, announced on 4th October that African Development Partners III Fund (ADP III), has exceeded its US$800 million target, and is set to hold a final close at US$900 million, with an additional US$250m of dedicated co-investment capital. This brings a total of US$1.15 billion for investments on the continent. The fundraising establishes ADP III as one of the largest funds dedicated to investing global capital in Africa. ADP III will invest in established and growing companies in industries that benefit from Africa’s fast-growing middle class and the increasing digital transformation of the continent. All investments have the highest standards of impact and environmental, social and governance (“ESG”) work. ...

7Oct

By Josephine WawiraNo Comments

African News, Kenya News

Kenya Plastics Pact launches to tackle plastics waste in the country

An ambitious, new collaborative initiative to tackle plastics waste and pollution has today launched in Kenya. The Kenya Plastics Pact (KPP) will bring together stakeholders across the plastics value chain to create a circular economy for plastics. The Pact brings together businesses, governments, researchers, NGOs, civil society, informal waste sector players, and other stakeholders across the whole plastics value chain, to set time-bound commitments to transform the current linear plastics system into a circular plastics economy. Plastics waste and pollution have captured the attention of businesses, governments, and citizens in Kenya. Today, published data shows that only 8% of plastic is recycled, with the remainder being landfilled or incinerated – or in the worst-case scenario, endi...

7Sep

By Faizal BhanaNo Comments

Kenya News

Challenges of Governance and Succession; A Focus on the Integration of the NexGen in Family-Owned Businesses in Kenya

Written By Faizal Bhana, Director – Middle East, Africa, and India, Jersey Finance Family-owned businesses in East Africa have been instrumental to the socio-economic development of the region and a catalyst for the growth of the private sector. With a long multi-generational history, their focus has been on manufacturing industries, consumer goods, construction, and agriculture. Hence the need to ensure a more integrated and structured wealth transfer method, particularly with the next family generation (‘the NextGen’) for longevity purposes. According to research by Asoko, there are 645 family-owned businesses earning between US$10m and US$100m in East Africa. Nearly three-quarters of these companies are Kenyan with Uganda, Rwanda, and Tanzania accumulating 2% of the total figure each....

28Jul

By Shahina ParvinNo Comments

Kenya News

Growth and Progress of Kenya’s Insurance Market

AM Best company has published a report on the overall state of Kenya's insurance market and how price competition hinders its growth potentials. The key takeaways are challenging macroeconomic factors which are expected to abate from 2021, the successful execution of risk-based capital requirements that are strengthening the credit quality of market participants, and price undercutting becoming a hindrance for the companies in generating sufficient capital. Kenya’s economy is relatively stable than the other markets in sub- Saharan Africa and that facilitates the growth of its insurance sector. But the market growth gets impeded due to the low awareness of insurance products and low trust in insurance companies. Price undercutting in the non-life segment has hampered premium growth and al...

Top African regions set to become leading startup and investment hubs

26Jul

By Africa BusinessNo Comments

Kenya News, South Africa News, Startups

Top African regions set to become leading startup and investment hubs

On the back of Cape Town being recognised as the tech capital of Africa, topping international rankings for foreign direct investment strategy, Ian Lessem, Managing Partner at HAVAÍC – investors in early-stage, high-growth technology businesses – says several other African cities are quickly emerging as leading startup and investment hubs to watch. “Startups in Nigeria, Kenya, Egypt and South Africa raised a total of US$625 million last year. Of those, Kenyan startups raised US$191 million, the most of any other African country, according to Disrupt Africa’s African Tech Startup Funding Report for 2020. Distinct startup geographies are emerging in Africa, each with the potential to become its own powerhouse,” he says. In addition, the World Bank predicts that two thirds of the world’s ...

Towards a circular economy for plastics, where it does not become waste

3Jul

By Josephine WawiraNo Comments

Kenya News, Main

Towards a circular economy for plastics, where it does not become waste

Plastic, plastic, plastic everywhere! Not a place you can turn to without being greeted by the sight of plastic. Plastic is a doubled edged sword. It is very much a part of our lives, being a packaging material for many of the products we consume and also being a primary or secondary raw material for many items including electronics, furniture, motor vehicles, planes and ships. Its affordability and availability makes it the natural go to for manufacturers and producers seeking to maximize return on investment. At the same time, plastic presents serious challenges to almost every nation. Just what do you do with plastic when you no longer need it? Hide it, burn it, bury it, dump it or simply toss it away? Each of these choices comes with a steep price on ecosystem health and environmental ...

30May

By Josephine WawiraNo Comments

Kenya News

Kenya is in Transition to a Circular Economy: KEPSA Report Shows

Sustainable Inclusive Business, the knowledge centre under the Kenya Private Sector Alliance (KEPSA) Foundation, in partnership with TheRockGroup, a sustainable consultancy firm, has published an industry report on Kenya’s efforts to transition to a more sustainable and circular economy. It was launched at the Africa Business Week by the Netherlands Enterprise Agency on Thursday May 27, 2021 Dubbed, ‘Kenya is in Transition to a Circular Economy: A quick scan of the trends and opportunities for businesses in the circular economy and resource efficiency space’, the report provides an overview of status of circular economy trends in Kenya, existing gaps, and available opportunities. It further showcases Kenya’s business climate and policy framework and highlights relevant organizations contri...

20May

By APO GroupNo Comments

Kenya News

97% of internet users in Kenya use WhatsApp; here’s how businesses can reach them (By James Bayhack)

By James Bayhack The COVID-19 pandemic has left many customer service departments under immense pressure to meet client expectations while keeping response times low. This is particularly important in competitive industries like eCommerce, travel and hospitality, where customer service is a priority. To address this challenge, companies must enable their support staff with the right tools and channels to meet and exceed customer expectations. WhatsApp should be one of these support channels for your business. According to the Global Web Index’s 2020 Social Media User Trends Report (https://bit.ly/3bG5209), Kenya has the highest percentage of monthly WhatsApp users compared to the rest of the world, with an astonishing 97% of internet users who use WhatsApp every month. WhatsApp is clea...

19May

By Africa BusinessNo Comments

Kenya News

Coronavirus – Kenya: COVID-19 update (18 May 2021)

469 people have tested positive to the disease, from a sample size of 6,244 tested in the last 24 hours. The positivity rate is now 7.5%. Total confirmed positive cases are now 166,006 and cumulative tests so far conducted are 1,752,693. New cases by County; Kisumu 102, Nairobi 77, Mombasa 27, Kericho 27, Siaya 18, Busia 18, Meru 17, Kisii 16, Nyeri 14, Kitui 13, Nyamira 12, Kilifi 12, Nandi 11, Uasin Gishu 10, Turkana 9, Bungoma 8, Makueni 8, Kakamega 7, Kiambu 7, Nakuru 6, Homa Bay 6, Murang’a 5, Embu 4,Laikipia 4, Machakos 4, Vihiga 4, Taita Taveta 3, Bomet 3, Kajiado 3, Trans Nzoia 3, West Pokot 3, Kirinyaga 2, Migori 2, Tharaka Nithi 2, Isiolo 1 and Marsabit 1. 43 patients have recovered from the disease, 29 from the Home Based & Isolation Care, while 14 are from various health...

10May

By Africa BusinessNo Comments

Kenya News

Coronavirus – Kenya: COVID-19 update (9 May 2021)

New cases: 316 Sample size: 4,251 Positvity rate: 7.4% Recoveries: 62 Recorded deaths: 12 Cumulative tests: 1,719,289 Total confirmed cases: 163,554 Total recoveres: 111,1941 Cumulative fatalities: 2,895Distributed by APO Group on behalf of Ministry of Health, Kenya.Media filesDownload logo