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Kenya’s Oil Find Sparks Interest in Remaining Blocks
Since striking oil last week, there has been a surge of interest in available oil blocks, according to Martin Heya, Commissioner of Petroleum for the Kenya Ministry of Energy. Last weeks find by Tullow Oil Plc has created a frenzy of the possibilities inside and outside the East African hub. Tullow Oil estimates that it [...]
Nairobi, Mombasa Luxury Real Estate are Global No. 1
When thinking about luxury real estate in a global context, there are few markets in the developing world that come to mind. However, two cities in East Africa made headlines late last week when KnightFrank released their Prime International Residential Index (PIRI), which has provided a unique gauge for price flux across the world’s luxury [...]
David Karangu could possibly be the only Kenyan immigrant to the United States that owns his own luxury plane. A toy purchased with the spoils from years of hard work and focus in the US car industry. The very straight forward and focused Karangu often talks about his ambition early on during his early years [...]
South Africa and Kenya Ranked the Most Popular Destinations
According to research carried out by the Year Out Group the most popular gap year destinations are shifting, due in part to the number of people taking a career break, and also because of a shift in terms of what people now want from a gap year. A gap year is an extended break that [...]
5 East African Economies Merge to Create One of Africa’s Largest Trading Blocks
It’s Official! East Africa officially opens its borders to become one of Africa’s largest trading blocs, today. The East African Community (EAC) trading bloc will create a market of close to 130 million people and a combined GDP of 80 billion dollars, making it one of the largest trading blocs in Africa. However , even [...]
Gilda Odera – Kenya’s BPO CZAR
Gilda Odera is a Pioneer in Kenya’s burgeoning outsourcing Industry. She founded the second call center in the country offering services to international clients. An Upper Second Class Graduate of the University of Nairobi in 1989, Gilda started her working career as a marketer in a company called Marketing Support Services and worked her way [...]
World Bank Releases Bi-Annual Kenya Economic Update
Kenya’s economy is recovering steadily and is forecast to grow at 4.0 percent in 2010, according to the Kenya Economic Update, a biannual report that can be accessed on the World Bank Kenya website. The East African country even has the potential to improve further to 4.9 percent in 2011, if no shocks occur. The [...]
Africa’s Business Community Turning Green?
The Green Business Africa Summit kicked off yesterday in Nairobi, Kenya. It’s Africa’s first major attempt to marry environmentally conscious ideas with traditional business concepts. The three-day event dubbed GBASE 2010, will bring stakeholders, policy makers and business leaders from all over the world for discussions on shaping the future of sustainable business on the [...]
African Businesses Hope to see Boost from Internet Advances
The Internet Corporation for Assigned Names and Numbers (ICANN) has decided to expand their offering of domain space name options. Currently, the primary endings for web addresses include “.com”, “.net”, “.org”, and “.biz”. The number of offerings will soon increase, however, affording customers the opportunity to choose from more than 20 different types of domain [...]
iHub Gives Kenya a Boost in Race for ‘Africa’s Silicon Alley’ Title
Ask any Africa Investment Professional which industries have the potential to accelerate Africa’s growth into middle class economies and you’ll hear Information Communications Technologies (ICT), across the board. The industry not only has a seemingly endless shelf life, but it has great potential to create middle class jobs, spur foreign investment, and improve the quality [...]
