The two banking giants have signed a memorandum of understanding (MoU) aimed at strengthening cooperation and exploring opportunities to fund development projects in Africa. Given China Development Bank (CDB)’s focus on infrastructure finance for roads, railways and dams, Barclays Africa will leverage the MoU to unlock opportunities in order to strengthen its contribution towards Africa’s economic growth and development. Barclays Africa will also extract synergies from the CDB’s focus on inclusive finance to provide capital to SME’s and low income communities. In addition, Barclays Africa and CDB will explore reciprocal training and development opportunities for their respective investment teams. In…
Author: NBM CORRESPONDENT
The African Development Bank conducted the first of a series of capacity development sessions on debt management for Ethiopia from December 4-8, 2017 in Addis Ababa covering several themes including loan negotiations and management, domestic debt and capital markets development, and enhancement of analytical and evaluation advisory capacity, among others. Skills and competencies acquired through the training will enable the Government to improve debt management and increase domestic resources mobilization, notably through the development of domestic debt and capital markets. Furthermore, Government authorities will apply the acquired skills to rigorously assess the risks associated with various financing options, leading to…
To help speed up travel and transportation in the Southern Africa country, the Board of the African Development Bank has approved a loan of $153 million to the Government of Namibia to upgrade a 210km stretch of railway in the west of the country. The support will also finance the upgrade of a section of the road from the capital, Windhoek, to its international airport. The two interventions are part of the priority projects identified in the government’s Harambee Prosperity Plan, an action plan launched in April 2016, to support priority interventions identified in the Government’s national development plan. The…
BY kosta Kioleoglou The prolonged and uncertain election period has seriously challenged Kenya’s economy and property market. The turmoil of the extended Presidential election triggered several side effects that were developing behind the scenes. The country’s bad economic performance with several microeconomic factors showing signs of weakness and unsustainability are now monopolizing the local and international analyst’s interest. Over the last few months a big number of reports have been giving negative signs for the Kenyan property market and the Kenyan economy. The property market has been under pressure for almost two years. Marginal price increases which are now further…
Africa Plantation Capital, the “New Business of the Year 2016” award winner is proud to announce its nomination in three categories for this Year’s KNCCI Mombasa Business Awards 2017! Best Agribusiness Company, Customer Focus, Best Growth Strategy Africa Plantation Capital has been operating successfully in Kenya over the past 2 years, with the establishment achieving an amazing growth ratio. Its main objective is to provide sustainable plantation management services. The company has already established its first large scale bamboo project and now is in the process of creating a second one as part of its state of the art bamboo plantations in…
BY BENARD AYIEKO Shelter, food and clothing are the traditional basic human needs – they are the fundamental elements that one requires for survival and normal mental and physical health. Housing is one of the essential human needs and the constitution guarantees every citizen the right to access adequate housing, and to reasonable standards of sanitation. It is often said that the Kenyan Constitution is the most progressive document in the world partly because of the provisions in Chapters four and six on the Bill of Rights and Integrity and Leadership respectively. The Constitution in Chapter four under Article 43,…
BY DAVID ONJILI With five games to spare, Gor Mahia FC continued to cement her place as the undisputed kings of Kenyan football by clinching her fourth title in five years. Defending champions Tusker were a pale shadow of themselves finishing a distant six while former giants like AFC Leopards and Mathare United were fighting against relegation. The gulf in class between Gor Mahia and the rest of the league is self-evident week in week out and this should be a wakeup call to all football stakeholders on the dwindling standards of the game. This has been replicated at the…
Tamarind Tree Hotel is Nairobi’s newest 4-star hotel operated by Tamarind Management Limited under the Tamarind Tree Hotels’ brand. Tamarind Tree Hotel is located 15 minutes from Nairobi City center, 20 minutes from Jomo Kenyatta International Airport via the Southern Bypass, 10 minutes from Wilson Airport and 5 minutes to the Nairobi National Park, Langata Gate and a 5-minute walk from the world-renowned Carnivore restaurant and Simba Saloon. The hotel has 160 guest rooms including 15 Suites, 45 standard twins, 96 standard doubles, and four paraplegic rooms for physically challenged and 12 Inter-connecting rooms. The hotel features a Tamambo a la Carte…
“It’s really important that students don’t think of education solely as preparation for the next stage of their life.” Sir Michael Barber has been at the forefront of global thinking in education for the past twenty years. He served as Chief Education Advisor to Pearson. He is the Founder and Chairman of Deliinery Associates. In the past, Barber has served as the head of the global education practice at McKinsey, advisor to Prime Minister Tony Blair, and as a global expert on education reform and implementation of large-scale system change. Additionally, he has been a consultant to governments around the…
BY KENYATTA OTIENO An old acquaintance once told me that he is not planning to leave Nairobi even if he loses his job. The guy had managed to escape the poverty of Nyalenda Slums in Kisumu so there was no way he was going back to a life he was trying his best to forget. “If you happen to hear of my death, make sure that I’m transported in a hearse while my head is facing Nairobi. If that wish is not honoured my hearse will not get to Kisumu,” he hilariously told me. Those words might have been said…