Nairobi News

Rita Okuthe, Director of Enterprise Business, Safaricom

Safaricom Sees Amazon as Model for Kenya E-Commerce Platform

Safaricom Ltd. of Kenya plans to introduce an e-commerce platform within eight months targeting formal retail and informal online trading in East Africa’s biggest economy.

Flutterwave raises over $10 million in series A financing

Flutterwave, an online payments company founded by Nigerian 26-year old, raises over $10 million in series A financing (Infographic)

Flutterwave, which provides modern payments infrastructure for banks and businesses to make and accept payments across Africa, announced on Monday that it has raised over $10 million in a Series A round of funding.

Kenyan pride

It took moving to America for me to change my colonized name: Ciku Kimeria, Africa Regional Communications Manager, Dalberg

“Kah-ri-ye!!” That is my earliest memory of hearing my English name spoken and it dates to the early 90s on the field at my primary school in Nairobi.

Johannesburg, South Africa

The top 10 wealthiest cities in Africa: AfrAsia Bank & New World Wealth (Infographic)

AfrAsia Bank and New World Wealth recently reviewed the 10 wealthiest cities in Africa by total wealth held.

Abraaj Group to buy African coffee chain Java House

Abraaj Group to buy African coffee chain Java House

Abraaj Group, an emerging markets focused fund group, has agreed to buy African coffee chain Java House from private equity rival Emerging Capital Partners and Kevin Ashley, the Nairobi-based company’s executive chairman.

Edwin Dande, Managing Partner & CEO, Cytonn Investments

Meet the Kenyan entrepreneur who built an $800 million asset management firm

Kenyan-born Edwin Dande is the Founder of Cytonn Investments, an alternative investment management and real estate company, with offices in Nairobi and the DC Metro area.

The Pinnacle, Nairobi, Kenya

Work begins on the tallest skyscraper in Africa

The mighty peaks of Kilimanjaro and Kenya are the highest points in Africa, towering over the East Coast nations.

Omobola Johnson, Senior Partner, TLcom and Nigeria's former Minister of Communication Technology. Credit: ITU

VC firm TLcom rakes in $40 million for new Africa fund

London and Nairobi-based venture firm TLcom Capital has raised $40 million for its new Africa fund. The target is $100 million. TIDE Africa Fund will focus on tech startups in Sub-Saharan Africa.

Nairobi is one of the continent’s centers of startup activity.

The future of tech is in 'cities across Africa,' says this start-up CEO

Silicon Valley’s days leading the tech revolution may be coming to an end, according to one optimistic observer who believes the future of technology lies much further abroad than San Francisco.

M-Pesa

M-Pesa, Safaricom, Kenya regulators and Vodacom could be about to open up mobile money in Africa

M-Pesa, the mobile money system that is the pride and anchor of Kenya’s homegrown technology community, has had plenty of hype and excitement since its 2007 launch.

Nairobi to Mombasa high-speed railway opens

Nairobi to Mombasa high-speed railway opens

East Africa is now more accessible than ever. After two years of construction, Kenya’s largest infrastructure project since independence, a $3.8 billion Chinese-built high speed railway, is up and running.

Andile Ngcaba, Chairman, Convergence Partners

Convergence Partners, Google and the IFC commit $100 million to pan-African wholesale broadband provider CSquared

Convergence Partners recently signed an agreement with Google, the International Finance Corporation (IFC) and Mitsui & Co., Ltd. (Mitsui) to invest in CSquared, a broadband infrastructure company headquartered in Nairobi, Kenya.

Lagos, Nigeria

Uber and its rivals are struggling to keep both drivers and riders happy in Lagos

It was only a year ago that Uber declared that its Lagos market was potentially bigger than its London market.

afaricom hopes to spread across Africa. Credit: Reuters/Noor Khamis

Safaricom is planning to expand M-Pesa mobile money across Africa

Safaricom is planning to take its successful mobile money service M-Pesa across Africa after building a dominant home base in Kenya and presence in its East African neighbors.

Raila Odinga, Presidential Candidate of Kenya's National Super Alliance of Kenya (NASA)

Odinga to run for Kenyan presidency under opposition coalition

Former prime minister Raila Odinga has been named as Kenya’s opposition presidential candidate for the August general election.

Ismail Ahmed, Founder & CEO, WorldRemit

WorldRemit Africa revenue to double by 2020 on mobile money, says Founder & CEO Ismail Ahmed

Higher-paid African expatriates sending cash to home countries. Money-transfer company has Facebook backer Accel as investor.

Mezze on the deck - Four Points by Sheraton Nairobi Hurlingham. Credit: starwoodhotels.com

Marriott International Opens First Property in Kenya

Marriott International, Inc. on Monday announced its first property in Kenya with the opening of Four Points by Sheraton Nairobi Hurlingham.

Two Rivers Development, Nairobi, Kenya

Listed Real Estate in Eastern Africa and Beyond: What Next?

East African property markets have demonstrated desirable levels of resilience over the past few years.

Waitresses place a series of orders at the Orbit Place Java House, a chain of Kenyan cafes

East African assets attract private equity interest

Family businesses seek sales amid growth in buyout groups in the region

Airbnb Aims to Double Growth in Africa This Year

Airbnb aims to double growth in Africa this year to reach 1.5 million customers

Airbnb expects to maintain its rapid growth in Africa this year and double its customer numbers to 1.5 million,.

PesaLink - Kenyan banks have joined forces to launch a mobile money rival to M-PESA

Kenyan banks have joined forces to launch a mobile money rival to M-PESA

Nearly ten years after its launch, M-Pesa finally has what could be a major competitor in the multi-billion dollar mobile money transactions business.

Nic Rudnick, CEO, Liquid Telecom

Pan-African Liquid Telecom Group has completed the $500M purchase of South Africa's Neotel

South African communications network operator Neotel has officially become part of the pan-African telecoms group Liquid Telecom.

Who takes the throne? Credit: qz.com/HBO

ShowMax is stepping up its pan-African battle with Netflix by putting servers in Kenya

In the battle to become the preferred video content streaming service by a majority of Africans, content servers are the weapon of choice.

EXEO Capital's Sub-Saharan Africa agribusiness Agri-Vie Fund II attracts over $100M in first close

EXEO Capital's agribusiness Agri-Vie Fund II attracts over $100M in first close

EXEO Capital, the pan-African private equity investment firm, has announced the first close of the second Agri-Vie Fund, focused on the food and agribusiness sector in Sub-Saharan Africa.

2017 Peugeot 3008

Peugeot to assemble vehicles in Kenya

France’s PSA Group, the maker of Peugeot and Citroen cars, said on Saturday it had signed a contract to assemble Peugeot brand vehicles in Kenya.

Kenyan supermarket chain Nakumatt agrees stake sale to fund for $75M

Kenyan supermarket chain Nakumatt agrees stake sale to fund for $75M

Privately-owned Nakumatt, Kenya’s biggest supermarket chain by sales, has agreed to sell a 25 percent stake to a foreign fund for $75 million, part of an effort to bolster its balance sheet and pay off debts, its managing director said last Wednesday.

Kenyan opposition leaders (L-R), Musalia Mudavadi, Kalonzo Musyoka, Raila Odinga, Moses Wetangula and Nick Salat hold hands as they announce their alliance during the 2017 general elections aspirants conference organised by the opposition parties in the capital Nairobi, Kenya January 11, 2017. Credit: Reuters/Thomas Mukoya

Kenya's five main opposition parties form super alliance to challenge Kenyatta

Kenyan opposition political parties announced an alliance on Wednesday to fight the August presidential and parliamentary elections against President Uhuru Kenyatta’s coalition.

Yemi Alade and D'Banj with their awards at the MTV Africa Music Awards 2015. Credit: businessoffashion.com/Getty

Why Africa's Musicians Are a Marketing Goldmine

Stylish, dynamic and extremely popular, Africa’s music stars are brand ambassadors for many multinationals in Africa but the fashion industry has yet to grasp their value.

Africa’s rising middle class – and why it matters. Credit: newafricanmagazine.com

Africa's rising middle class - and why it matters

According to the African Development Bank (AfDB), as far back as 2011 there were already 313 million people – or 34 per cent of the continent’s total population – that could be referred to as middle class.

SafariCity, Arusha, Tanzania

Check out 5 futuristic African cities that will take the tourism industry by storm (Photos)

Africa is seen to take up the tech challenge by investing billions of dollars in the development of tech futuristic cities.

Modderfontein New City, Johannesburg, South Africa

11 giant infrastructure projects that are reshaping Africa

By the United Nations’ estimate, the continent will see its current population of 1.2 billion double by the year 2050.

Nic Rudnick, CEO, Liquid Telecom

Liquid Telecom buys Neotel for $466M to form Africa's largest fiber network

Africa’s largest fiber network will be formed as Liquid Telecom buys South African converged network operator Neotel.

How Kenya has become a geothermal superpower

How Kenya has become a geothermal superpower (Video)

Kenya is a global superpower of the flower trade, and Oserian, one of the largest fair-trade flower farms in the country, is a major reason why.

Africa Offers Big Potential for Streaming Video

Africa Offers Big Potential for Streaming Video

When the pan-African VOD platform Buni.tv launched in 2012, the Nairobi-based company was one of the first to recognize the untapped potential of the online market on the continent.

Kenya's Little Cab app is set to take on Uber in Uganda and Nigeria

Safaricom's Little Cab, Kenya's Uber rival, is launching in Nigeria and Uganda

Little Cab, the ride-hailing app backed by telecoms operator Safaricom, is slowly giving Uber a run for its money in Kenya.

She Leads Africa runs networking events in Lagos and Abuja, as well as Accra, Nairobi and Johannesburg. Credit: FT

African start-up helps and inspires young female entrepreneurs

In Zambia, one of their blogs is the undisputed arbiter of style. In South Africa, one of their apps is the gateway to private beaches and pop-up dining.

Food for thought: Cover of ‘Longthroat Memoirs’ by Yemisi Aribisala © Cassava Republic

Publisher's expansion brings Nigerian writers to world stage

Nigerian novelist Chimamanda Ngozi Adichie warned in 2009 about the danger of hearing a “single story” about a person, country or continent.

Chauffeur driven: Uber in Lagos. Credit: FT

Uber gears up to ease stressful commutes in Nigeria

Car-hailing app Uber has frequently attracted controversy — whether over workers’ rights, management practices and its attitude to regulation.

Felix Olale, Partner, LeapFrog Investments

LeapFrog acquires $22M majority stake in Kenya's Goodlife Pharmacy (Video)

LeapFrog Investments, a leading specialist investor in emerging markets, today announced its acquisition of a USD 22m majority stake in Kenya’s GoodLife Pharmacy.

Dar es Salaam, Tanzania

The rise of Africa's megacities

Over the last 35 years, the share of Africa’s population living in urban areas climbed from 27% to 40%.

Nairobi, Kenya. Credit: investinginafrica.net/Ninara

Kenya's top three dividend stocks

Dividend stocks can provide a great foundation for an investment portfolio.

Nunu Ntshingila, Head of Facebook Africa. Credit: Memeburn

Facebook is boosting its advertising teams in Africa

Facebook is building a team of young executives to win digital advertising dollars from small and medium sized businesses across Africa’s major markets.