Kenya is the largest economy in East Africa, with a GDP of USD 110.3 mn and a growth rate of 6.7% in 2021. Despite this commendable growth, there has been little trickle-down effects on the common mwananchi as the cost of living continues to rise. For instance, the prices of basic food items such as …
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ARM Cement Limited, formerly Athi River Mining Limited, was one of East and Central Africa’s largest cement producers boasting operations in Kenya, Tanzania, Rwanda and South Africa. ARM also owned the largest clinker plant in the region at the height of its existence, enabling the company to sell and export clinker to other countries in …
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In 2019, Kenya entered into a Public Private Partnership (PPP) under the BOT (Build-Operate-Transfer) model with China Road & Bridge Corporation (CRBC) to finance and construct a 26.7-kilometer Class A dual-carriageway road, dubbed the ‘Nairobi Expressway’. According to CRBC’s 2021 Annual Report, the estimated total investment budget for the project was RMB 4.7 bn (USD …
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What is happening in the markets? The tech space globally has been taking a hit in the last few months. Tech companies and crypto assets’ valuations have been dropping rapidly. Although the decline only caught the attention of the media recently, a closer look shows that this downturn has been happening since the beginning of …
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If you are an angel investor and are keen to participate in Africa’s boom in the Startups space, you must wonder how startups are valued. Based on data from Africa: The Big Deal, it has taken just 7 weeks for African startups to raise their first USD 1bln in 2022, and in some instances, with valuations, …
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Earlier in the year, we penned a blog about the state of the Kenyan economy in 2020 based on a discussion at our client cocktail. The overarching theme was that we needed to steady ourselves due to the economy being fragile and investors taking a wait and see approach. What we could not anticipate at …
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The effectiveness and efficiency of a country’s public sector is vital to the success of development activities in that country. To achieve a well oiled and functioning public sector one thing is critical, decisions made need to be driven more by analysis and quantification of intended impact and less by gambles and political agenda. At …
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‘Education is key to personal development and the future of societies. It unlocks opportunities and narrows inequalities. It is the bedrock of informed, tolerant societies, and a primary driver of sustainable development. The COVID-19 pandemic has led to the largest education disruption ever. We are at a defining moment for the world’s children and young …
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Every entrepreneur’s goal is to provide a solution to society by providing goods or services which are differentiated and which solve a specific problem. Such action assumes the business will remain a going concern. Along the journey of the business, poor economic conditions or poor management decisions affect the business resulting in its inability to …
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My earliest memories of a chama include food in plenty and loud laughter followed by hushed tones in serious conversation. My mother and her lady friends have met consistently once a month for over 27 years. They are my “aunties”, the ones with no familial relation, every African has some. But a chama is so …
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