In order to achieve better living standards for her citizens, every emerging country has to go through several phases. Unfortunately, the focus is mainly on quantity and not quality. People care only about today and not for the future. For sustainable growth and better standards of living, it is a basic requirement to include quality and planning. Over the last few years, Kenya has been on a fast forward movement. Its economy, at first sight, seems to be booming. The average standards of living are getting better in theory, and people are investing their future in promising sectors like the…
Author: NBM CORRESPONDENT
Targeting corporate, public service, agribusiness and processing, construction and education transport sectors, Swanley motors will offer sales, spares, and vehicle servicing for Simba Corporation brands in the largely agricultural region.
By Seth Onyango Affluent domestic and overseas tourists are driving a growth in high-end hotels in Africa, where a single night’s stay can cost more than $3,000. Over 396 luxury hotels totalling 75,364 rooms are currently in development across the continent, according to the 2024 W Hospitality Group’s development pipeline report. “The top 10 brands account for about half of all chain hotels and resorts under construction in Africa, with the top 5, being Hilton, Radisson, Marriott Hotels & Resorts, Protea Hotels and Four Points by Sheraton, all having similar numbers,” it says. “Three of those top 5 brands are…
Bank of Kigali (BoK) has halted operations in Nairobi after the Central Bank of Kenya (CBK) withdrew its license effective April 2, 2024.
According to Bloomberg, the product is a self-driving taxi, which was presented to investors in 2019 Tesla plans to unveil its long-anticipated robotaxi in August, Chief Executive Officer Elon Musk revealed on X. “Tesla Robotaxi unveil on 8/8,” he said. According to Bloomberg, the product is a self-driving taxi, which was presented to investors in 2019. Tesla’s shares rose by 5.1% after the development.
Dive into the Latest Edition of Nairobi Business Monthly! Discover the inside scoop on the Nairobi Securities Exchange’s remarkable turnaround in our main story: “After the Bear Comes the Bull.” ➡️ Uncover the secrets behind the market’s shift, whether it’s the departure of CEO Geoffrey Odundo or the strengthening of the Kenyan shilling. But that’s not all! Our April issue is packed with exclusive insights, including: Turkana and West Pokot’s Joint Investment Conference The latest trends in technology and innovation How Chinese tourism is being transformed by technology Don’t miss out on the pulse of Nairobi’s business scene! Download your…
Plans by the government to make access to healthcare treatment for cancer patients cheaper have begun in earnest after Members of Parliament (MPs) in the National Assembly approved a Bill that seeks to reduce the burden of the disease on families.
Zimbabwe has rolled out a new national currency called Zimbabwe Gold (ZiG), Harare’s Central Bank said at a press conference. “The Reserve Bank of Zimbabwe announces the introduction of a new currency – Zimbabwean gold (ZiG),” the bank’s Governor, John Mushayavanhu, said. “This currency will be issued in the form of notes and coins. All reserves of the Zimbabwean dollar will be transferred to it. The new currency will be backed by reserves of foreign currency and precious metals mined in the country. Its exchange rate to the US dollar will be 13.5 Zimbabwean gold per US dollar,” he added.…
Kalle Rovanpera is the winner of the just concluded Safari Rally Kenya 2024 that took place at Hell’s Gate National Park in Naivasha after finishing ahead of both GR Yaris team-mate Takamoto Katsuta and M-Sport Ford’s Adrien Fourmaux.
Since 2022, the Fund has supported over 1,265 MSMEs in West Pokot with loans exceeding Sh233 million and 280 MSMEs in Turkana County with loans totalling over Sh58.7 million.