Cytonn Real Estate, one of the leading commercial real estate developers in Kenya has unveiled a Ksh 2.5 billion luxury residential project, as part of measures to deliver quality and aspirational real estate developments that encourage great community living. Dubbed ‘Applewood’, the development is nestled in the heart of the exclusive leafy suburbs of Miotoni in Karen, providing an opportunity to buy into a unique development in a serene environment. “Applewood was inspired by the success of our flagship development Amara Ridge in Karen,” said Edwin H. Dande, Chief Executive Officer- Cytonn Investments. “Our developments are client focused and Applewood…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
In case of a no-deal Brexit, Africa would lose access to UK markets, worth $2 billion annually according to Dirk Willem te Velde Director of SET Programme. Willem says the United Kingdom is the 2nd largest investor in Africa (FDI stock $55bn in 2016). African goods exports to the UK were $17 bn in 2016. The UK and African countries have implemented many valuable aid & trade measures to foster the relationship. But, in case of a no-deal Brexit and if UK parliament won’t be able to pass legislation in time to roll over existing FTAs and preference schemes and…
Carrefour’s franchise in Kenya, Majid Al Futtaim, begun selling its products on online retailer Jumia’s e-commerce platform to Nairobi residents on Thursday. Hichem Mefaredj, Merchandise Manager FMCG at MAF Carrefour Hypermarkets Kenya took to his LinkedIn page to make the announcement, “We are very glad to start selling Online through Jumia’s Platform.” According to the deal signed in November 2018, more shoppers will now have access to a variety of Carrefour products, providing them with a shopping experience that is safe, convenient and stress-free from the comfort of their homes. Shoppers will enjoy the same great value prices and quality…
Kenya’s Capital Markets Authority has extended the suspension of Deacons East Africa shares at the bourse for 10 days ahead of the creditors meeting set for Tuesday. “Notice is hereby given on the extension of suspension from trading Deacons EA Plc shares following the appointment of Joint Administrators by the Board of the company to run its business in accordance with the insolvency act of No. 18 of 2015,” the NSE said in a statement on Thursday. “The extension of suspension from trading the company’s shares is for a further 10 working days with effect from January 18, 2019.” Creditors…
The London Stock Exchange Group, on Wednesday, launched the second edition of ‘Companies to Inspire Africa’ report, Kenya and Nigeria leading the way as the countries with the most companies featured in the report. Nigeria and Kenya led the countries represented in the report, with 97 and 66 firms respectively. “The East-West African axis dominates this year’s Report with 130 companies from Western Africa and 147 from Eastern Africa,” read the report. Kenyan companies featured include: Acorn Group Ltd, Adele Dejak Ltd, Afribon Kenya Ltd, Africa’s Talking Ltd, Bonfire Adventures and Events Ltd, BitPesa, BioLite Holdings Kenya Ltd, Biodeal Laboratories…
Families and friends mourned their loved ones killed in Tuesday’s terrorist attack at the 14 Riverside. According to the government, fourteen people were killed during the attack. https://twitter.com/RobertAlai/status/1085411662562246658 https://twitter.com/Hon_FatumaGedi/status/1085274760706224134 https://twitter.com/AdamSmithInt/status/1085466345343541248 https://twitter.com/Lattif/status/1085394062302154754 https://twitter.com/LarryMadowo/status/1085491248658608133 https://twitter.com/LarryMadowo/status/1085447842427273216 https://twitter.com/kipmurkomen/status/1085488428844830722