Over 11,000 African business leaders and policymakers assembled in Durban, South Africa, in November for the Intra-African Trade Fair (IATF). Following a year of delays caused by the Covid-19 pandemic, the second edition of the IATF was a key step forward in the continued rollout of the African Continental Free Trade Agreement (AfCFTA). As Africa faces the triple challenge of Covid-19, the climate crisis and economic development, the AfCFTA’s role in building self-sufficiency and driving prosperity are more important than ever. However, joined-up thinking from businesses and governments alike will be needed to overcome the challenges that the world’s largest…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
BOC Kenya on Wednesday said its Finance Director Mr Arthur Kamau will take on the role of Managing Director to the company’s board in an acting capacity. The Company said Ms Gathoga-Mwangi, has tendered her resignation as the MD effective 31 December 2021 to take up an executive role with another Linde Company, Africa Oxygen limited as Director Healthcare Business, according to a regulatory filing. However, she will remain on the Board as a Non-Executive Director. Mr Kamau has extensive experience in financial management and served in various senior management roles over the last eleven years in the manufacturing industry…
French hospitality group AccorHotels is expanding its footprint in East Africa with the opening of the first Mantis property in Kenya. In a statement, it says the Mantis Masai Mara Eco-Lodge is set to become a highlight property for the brand and the group, offering direct access to the Mara-Serengeti game reserve. Mantis was founded in 2000 by conservationist Adrian Gardiner and features a diverse collection of destinations around the globe. Mantis Masai Mara Eco-Lodge will be strategically located in the Enonkishu Conservancy, on the Northern boundary of the Mara-Serengeti game reserve, and will feature 20 tented suites, one restaurant…
Kenya’s central bank has been mulling the official use of a digital currency. More than 60 central banks have already entered the digital currency race since 2014. No details have been released in Kenya, but the central bank governor, Patrick Njoroge, commented that the bank was working with other global regulators and financial institutions to explore the use of digital currencies. The shift towards digital currencies has been used by some central banks to formulate and implement regulations to manage the use of cryptocurrencies. For example, Nigeria has launched its official digital currency, the eNaira. The World Economic Forum estimates…
Hisa Technologies on Monday unveiled Hisa mobile app that allows anyone in Kenya to invest in US stocks and ETFs directly from their phones using mobile money. The FinTech company, in partnership with Faida Investment Bank Limited, also announced that it has received a no-objection from Kenya’s Capital Markets Authority (CMA) to offer fractional investing in US Stocks and ETFs and Kenyans stocks. This will also be in partnership with US-based global brokerage infrastructure DriveWealth LLC. “Today, we are very excited to launch Hisa App, which will allow Kenyans to invest in their favourite companies such as Tesla, Google, Apple, Microsoft…
Entries for the eighth edition of the Africa Magic Viewers’ Choice Awards (AMVCAs) have been opened and will close on Friday, 14 January 2022, Africa Magic, in association with MultiChoice announced Monday. Hailed as the premium awards for filmmakers in Africa, the AMVCAs has recognized and celebrated outstanding achievements in the African film and TV industry both in front and behind the cameras. Films, made-for-television movies or television series previously entered or nominated for an award, or awarded a prize in another film and television competition are eligible to enter for the AMVCAs. In addition, all films, made-for-television movies or…