The speed of tech disruptions within the real estate sector keeps growing by the day By Daniella Nyakuraya In the last decade, technology has disrupted countless businesses’ models. According to Forbes, technology has grown exponentially over the last century, and the speed at which reliable and stable industries are disrupted is indisputable. The real estate tech sector across the globe is gradually being redefined by ever-changing market conditions and shifts in consumer needs and behaviors. The Kenyan real estate industry continues to expand as investor appetite grows alongside the customer base. Consumers of real estate products have evolved from only…
Author: Victor Adar
Victor Adar
Victor Adar is a seasoned journalist with a Diploma in Mass Communication (Print) from the Technical University of Mombasa. He has previously worked with Reuters, Go Places travel magazine, and Aden Associates International. Since joining NBM in 2012, he has become a key member of the editorial team, covering enterprise, corporate affairs, HR, and technology.
By Victor Adar Knight Frank has unveiled its Africa Horizons 2023/24 report, which sheds light on the continent’s phoenix-like resurgence, unveiling a landscape with potential and opportunities across various industries. As Africa takes centre stage in the global arena, investors and corporations alike are encouraged to seize the moment and participate in its remarkable journey of growth and development. With the shackles of the pandemic now behind us, the report reveals a rejuvenated global interest in Africa, as demonstrated by recent engagement and substantial investment commitments from major global powers, including the US, UK, South Korea, UAE, Saudi Arabia, Turkey,…
Dr David Karuri Maina is not your ordinary surgeon. Born and raised in Nairobi, his childhood dream was to be a pilot, but as fate would have it, the journey took a compelling turn as he sought to address the healthcare needs of people in remote places – he branched out from civil aviation and embarked on a journey that led him to the field of medicine, particularly surgery. An ‘A’ student, his academic development started at the University of Nairobi (undergraduate training) and the Aga Khan University, Nairobi where he pursued postgraduate studies. From Thika to Muriranjas in Murang’a…
American Tower Corporation (ATC) Kenya is currently valued at Sh199.29bn ($1.4bn), and has grown, step by step to own 3,650 towers, directly employs 95 people and hundreds of others indirectly, and is most likely one of the biggest private investor in the ‘lease’ sector. By Victor Adar While many chief executives would find it a great discomfort to roam the continent, one Thomas Sonesson tells of the joys and challenges of working in diverse regions. The head of ATC Kenya, a company that provides infrastructure for telecommunications, including cellular and wireless towers, radio and television broadcast equipment and notably services…
The academy is targeting the existing 4 million crypto owners as well as new learners getting into the blockchain sector Tech company, GoldPesa has opened a blockchain academy at ABC Place in Westlands, Nairobi to bridge the knowledge gap and demystify existing myths in blockchain-related digital assets and web 3. A report by the United Nations Conference on Trade and Development (UNCTAD) released in June 2021 indicates that 8.5% of the population, or 4.25 million people, own cryptocurrencies in the country. This places Kenya ahead of developed economies such as the United States, which is ranked sixth, with 8.3% of…
James Mwangi was awarded at the All-Africa Business Leaders Awards held at Sun City, South Africa by the owners of CNBC Africa and Forbes Africa Equity Group chief executive officer and managing director James Mwangi has been awarded the ‘Lifetime Achievement Award’ by the Africa Business News. The award, which is given to individuals who have made remarkable impact on their industry, country and the continent over a period of a lifetime, was presented to him by the Deputy President of South Africa, Paul Mashatile and Rakesh Wahi, Co-Founder and Chairman of Africa Business News Group. In his acceptance speech,…
A technology company in the payments industry, Mastercard, has partnered with SomBank to promote the adoption of digital payment solutions in Somalia. The partnership with SomBank – a financial institution in Somalia will allow the lender to issue and accept card payments, providing customers with a safe and secure, payment solution for various transactions, including purchases, withdrawals, and online payments. It also seeks to bring more Somalis into the digital fold, with a target of about 100,000 Somalis expected to join the digital economy in 2023. The SomBank Card, a Mastercard-branded debit card will offer a convenient payment solution for everyday…
The Car and General online shop, has for the second time running been awarded for the best automotive e-commerce site during the fifth annual E-Commerce awards. The event honors and recognises teams and people who are leading the industry in terms of innovation in software, eCommerce campaigns, and website creativity and technology in different categories. The awards are open to all companies and individuals operating in Kenya’s e-commerce ecosystem. “E-Commerce is the future of the automotive industry as it allows dealerships to reach new markets, cut down on operational costs, tailor the customer experience and give them more control over…
The global business process outsourcing (BPO) market is currently valued at more than $262 bn, with African countries continuing to emerge as important growth frontiers The government will work tirelessly to maintain the country’s competitiveness as an ideal destination for ICT-based export-led labour services. This is according to the State Department for Information Communications Technology (ICT) and Digital Economy Principal Secretary John Tanui who said that the government was keen on working with investors to help spur growth of tech investments in Kenya. Speaking when he toured the Nairobi operating hub for Sama, a provider of data annotation solutions that…
By Silas Apollo The National Assembly Departmental Committee on Energy has raised concerns over punitive Power Purchase Agreements signed between Kenya Power Company (KPC) and Independent Power Producers (IPP). The committee chaired by Mwala MP Vincent Musyoka, during a meeting with the KPC and IPPs, said Kenyans cannot continue paying expensive power when affordable power is available. “We can’t get into other take or pay agreements. This committee will not allow the purchase of expensive power from some IPPs when we have affordable power,” said Musyoka. In response to the Committee’s concerns, one of the IPPs – Kopere Limited –…