-
Africa’s economic growth in 2016 was driven by East Africa
While the continent’s major economies were hit by the fall in commodity prices in 2016, Africa retained its position as the second-fastest growing continent globally recording an average of 2.2% GDP increase, behind only South Asia, according to the African Development Bank Group (AfDB).
Much of Africa’s increase in 2016, AfDB says, was driven by East Africa where several nations recorded “strong performances.” In general, of the continent’s sub-regions, East Africa posted the highest increase rate with 5.3%, led by Ethiopia.
More > -
Improved liquidity, currency volatility can give Sub-Saharan Africa real estate markets a Boost
Real estate markets in Central and Eastern Europe (CEE) are seeing record levels of international capital inflow while a lot of markets in Sub-Saharan Africa are lagging behind.
The new JLL Capital Markets research has identified liquidity and foreign exchange volatility as two key reasons impacting real estate capital flows into Sub-Saharan Africa real estate markets.
A two-speed cycle appears to have evolved in emerging economies with some racing ahead and others lagging behind.
More > -
Healthcare Property holds benefits for Africa
As Africa tries to build up a listed real estate industry, healthcare real estate investment trust (REITs) become additional attractive on the continent.
They would formalise an industry with much potential, advises Ortneil Kutama, Africa Property News Media Director.
“REITs are well structured and provide investors with tax benefits and regular gain in theory as long as they make consistent profits,” Kutama said. Nations like South Africa, Kenya, Ghana, Morocco and Nigeria, which have growing populations, improving hospitals and healthcare industries, could gain capital boost. If the hospitals in these nations were listed, investors could bring that major capital boost.
More >
- Key Facts
-
Full name: The Republic of Kenya
Population: 41.6 million (UN, 2011)
Area: 582,646 sq km (224,961 sq miles)
Major languages: Swahili, English
Major religion: Christianity
Life expectancy: 57 years (men), 59 years (women) (UN)
Monetary unit: 1 Kenya shilling = 100 cents
Main exports: Tea, coffee, horticultural products, petroleum products
GNI per capita: US $790 (World Bank, 2010)
Internet domain: .ke
International dialling code: +254
-
Top 10 Most Attractive Investment Destinations In Africa
2017/08/20Africa’s feverish increase has decelerated in recent years and a lot of nations have buckled under the pressure of falling resource prices, security disruptions, fiscal imprudence and adverse weather conditions.
-
Africa's Relationship With China Is Ancient History
2017/07/02In 2002 South Africa's Parliament unveiled a digital reproduction of a map - of China, the Middle East and Africa - that some speculated could be the initial map of the African continent. The Da Ming Hun Yi Tu - the Comprehensive Map of the Great Ming Empire - was drawn up around 1389 during the Ming Dynasty, according to historian Hyunhee Park.
-
Kenya Large twin deficits but strong GDP growth trajectory
2017/05/31Kenya
Large twin deficits but strong GDP growth trajectory
Climate change laws around the world
2017/05/14There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.
The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.
Kenya Year in Review 2016
2017/04/17In contrast to a lot of other large African markets, Kenya was less affected by sustained low commodity prices during 2016 and continued to post strong increase throughout the year, despite a slight heating of inflation and tighter credit climate.
The Kenyan economy continued to expand well above the world average in 2016, with the IMF projecting year-end increase of 5.98%, up on 5.64% in 2015. The estimate is in line with the 5.7% increase posted in the third quarter, according to data released by the Kenya National Bureau of Statistics (KNBS) in late December.
'Let's get more travel stories on Africa by Africans'
2016/07/23This month actor Louise Linton caused a social media storm at the same time as an extract of her African gap year memoir was published by the Telegraph and was widely panned online for being a tick inventory of cliches and stereotypes in the way the west has always liked to portray the continent. On Twitter, #LintonLies, set up by Zambian writer Lydia Ngoma, was trending as people started to pour scorn on Linton’s version of certain events and her take on life there. Think: “close encounters with lions”, “brutal tales of rape and murder,” and 12-inch long spiders, which would be terrifying, though they only exist in Laos.
Africa’s 20 most attractive countries for investors – Ernst & Young
2016/05/16Despite its economy slowing down, South Africa remains Africa’s most attractive country for investors, according to the 2016 Ernst & Young Africa Attractiveness Index.
The statement evaluates evolution made in governance, diversification, infrastructures, business enablement, human development inclunding resilience to current macroeconomic challenges.
Morocco is ranked second on the index, followed by Egypt, Kenya, Mauritius, Ghana Botswana, Tunisia and Rwanda. Cote d’Ivoire comes tenth.
Africa’s top economy, Nigeria comes 15th, mainly because of its poor performances in terms of governance and human improvment(See full ranking below).
Kenya Year in Review 2015
2016/01/16The Kenyan economy performed comparatively strongly in 2015, even in the face of world economic headwinds, such as slow increase in Europe, and domestic hurdles, inclunding weaker tourism receipts and a depreciating currency.
According to the World Bank, GDP increase is expected to reach 5.4% for this completed year, aided in large part by sustained public sector capital spending.
Kenya moves to harness geothermal potential
2014/09/14In a move to tap into its vast geothermal energy resources, Kenya recently invited bids for the construction of two new power plants, representing an extra step forward in its 2017 target to boost electricity production by 5000MW.
Eurobond debut in Kenya
2014/08/16Setting a new record for a maiden sovereign issuance in Africa, Kenya successfully tapped the Eurobond markets for the initial time in June, selling $2bn worth at better-than-expected rates.
-
Africa: Making Things Happen at the Bank - 'Not a Talk Shop' - Akin Adesina
2017/07/02Dr. Akinwumi Adesina is focusing on five areas to achieve the African and world goals for a prosperous continent since becoming president of the African Development Bank - Africa's major public financial institution in September 2015. He was a keynote speaker at this month's Corporate Council on Africa's U.S.- Africa Business Summit in Washington D.C. and moderated a lively panel with five African government ministers. He as well received the Gene White Lifetime Succcess Award from the World Child Nutrition Foundation. This week, he was named the 2017 recipient of the World Food Prize, a prestigious honor that includes a $250,000 award. In an interview in Washington, DC, Adesina discussed the Development Bank's ambitious schedule and his vision for attracting the increase capital Africa needs. Posting questions for AllAfrica was Noluthando Crockett-Ntonga.
-
Paul Muthaura, Acting CEO of the Capital Markets Authority, Kenya
2015/12/02Paul Muthaura, Acting CEO of Kenya’s Capital Markets Authority, explains how Kenya’s new investment framework puts it on a level pegging with the world’s major investment centers, its capital markets’ competitive advantages, and how it will become the market of choice for a lot of to raise large amounts of capital.
-
Raj Singh, Chief Operating Officer of Chase Kenya
2012/12/27Despite the world recession, the African Banking sector is enjoying a lot of positive changes. Technology Banker speaks to Raj Singh, Chief Operating Officer of Chase Kenya, to find out his views about the sector and its future
g: How did you come to be in your current role? -
Finance minister Njeru Githae
2012/12/19Finance minister Njeru Githae has told Parliament that Kenya is set to roll out the electronic registration of businesses within the next three months.
The MP said the e-registration will ensure that investors have an easy time setting up businesses in the country.
He added that a Bill –Business Regulation Bill-- to simplify the process was in the works and will make it to Parliament as soon as possible to make that dream a reality.
-
Gregory Brackenridge Managing Director of CFC Stanbic Bank
2012/12/17Focusing on the banking sector, I would like your perception of the challenges to the next increase and development of the sector in Kenya.
I think any discussion around the banking industry needs to be with a background of what Kenya is. The framework for that really is Vision 2030. Vision 2030 seeks to accelerate economic increase with some ambitious targets. You can have a debate around whether those targets are achievable or not.
-
Kenya President Mwai Kibaki
2012/12/16He said a lot of STI platforms in Africa had not progressed because of inadequate funding for the sector and this is a drawback to research, human capital and inclusive increase.
President Kibaki said this at the opening of a three-day first African Forum on STI for youth employment, human capital development and inclusive increase in Nairobi, Kenya, on Tuesday.
-
Outlook for 2015-17
2015/10/04The country (Kenya) is situated in Eastern Africa, bordering the Indian Ocean, between Somalia and Tanzania.
It has borders with Ethiopia for 861km, Sudan for 232km, Somalia for 682km, Tanzania for 769km and Uganda for 933km.
Land in Kenya is low plains rise to central highlands bisected by Great Rift Valley; fertile plateau in west.
The Climate is different from tropical along coast to arid in interior.OVERVIEW
GDP increase remained robust in 2013 at 5.7% based on rebased statistics, and stood at 4.4%, 5.8% and 5.5% in the initial three quarters of 2014 compared with 6.4%, 7.2% and 6.2% in comparable quarters of 2013. According to the central bank’s economic monthly review of November 2014, increase was mainly supported by expansion in construction, manufacturing, finance and insurance, data, communications and technology, and wholesale and retail trade. The economy slowed in the third quarter of 2014, half due to a sharp drop in tourism following terrorist attacks in the country. In general GDP increase is expected to all to 6.5% and 6.3% in 2015 and 2016, respectively. Consumer price index (CPI) inflation is expected to remain in the single digits, at around 5%, during the same period.
-
2013 marked the 50th anniversary of the establishment of diplomatic ties between China and Kenya
2015/10/04The year 2013 marked the 50th anniversary of the establishment of diplomatic ties between the People's Republic of China and the Republic of Kenya. The friendly relations and cooperation between the two nations continued to deepen.
China and Kenya had close high-level exchanges. In August, Kenyan President Uhuru Kenyatta paid a national visit to China. He had talks with President Xi Jinping and meetings with Premier Li Keqiang and CPPCC Chairman Yu Zhengsheng respectively.
-
First president of Kenya Jomo Kenyatta
2013/01/13First president of Kenya and prominent independence leader. Born into dominant Kikuyu culture in the early 1890′s, Gatundu Division, Central Highlands, British East Africa (now Kenya), Kenyatta became its most famous interpreter of Kikuyu traditions through his book Facing Mount Kenya.
-
Nairobi
2012/12/16Nairobi is the capital and largest city of Kenya. The city and its surrounding area as well forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyrobi, which translates to "cold water", the Maasai name of the Nairobi river, which in turn lent its name to the city. Nevertheless, it is popularly known as the "Green City in the Sun" and is surrounded by several expanding villa suburbs. Residents of Nairobi are known as Nairobians.
- Kenya News
-
- ECONOMY: Africa’s economic growth in 2016 was driven by East Africa
- REAL ESTATE: Improved liquidity, currency volatility can give Sub-Saharan Africa real estate markets a Boost
- HEALTH: Healthcare Property holds benefits for Africa
- REAL ESTATE: African real estate market still standing after tough 2016
- REAL ESTATE: Africa property offers rich pickings for the brave
- SOCIAL / CSR: Bill Gates sees US likely to maintain aid levels for Africa
- Trending Articles
-
- BOTSWANA: Bill Gates sees US likely to maintain aid levels for Africa
- NIGERIA: The city that won't stop growing, Lagos
- EUROPEAN UNION: UK seeks to 'align' with EU on data protection rules
- ANGOLA: Buhari Among African Presidents Who Lack Faith in Own Health Systems
- PAKISTAN: Qatar launches new direct sea route to Pakistan
- BOTSWANA: Africa’s economic growth in 2016 was driven by East Africa