Private credit and infrastructure investments across African markets rose 118% to record levels in 2021, as borrowers looked beyond domestic risk averse banks Kampala, Uganda | THE INDEPENDENT | Private equity has dominated Africa’s investment landscape for decades, popularised by huge venture capital (VC) deals in the continent’s ever-expanding tech sector. But …
Read More »EABL adapts to Covid-hit marketplace
East African Breweries Ltd took a shock when Kenya closed hospitality businesses due to the pandemic | TOM COLLINS | For any business that relies on open venues to sell goods, Covid-19 has been particularly challenging. As Kenya responded to the pandemic by closing hospitality businesses and implementing a night-time …
Read More »Kenya slumps into first recession in two decades
As Kenya becomes the latest African country to succumb to the economic fallout of the virus, can its economy rebound in 2021 as a deadly second wave sweeps the continent? | TOM COLLINS | Kenya’s economy slumped into a recession for the first time in almost two decades after GDP …
Read More »Kenya faces timber shortage as demand for wood grows
With a rapid increase in demand for wood in sectors from construction to household furniture, is there anything Kenya can do to ensure a better supply? | TOM COLLINS | On both sides of the congested Ngong Road in Kenya’s capital city of Nairobi, informal carpenters known as “fundis” spend …
Read More »Centum Investment’s Midas touch
Centum, East Africa’s largest publicly listed investment firm, seems to turn everything it comes into contact with into gold. James Mworia, the company’s CEO, explains to African Business Magazine’s Tom Collins what gives it the Midas touch Founded in Nairobi in 1967, Centum Investment has evolved into East Africa’s leading …
Read More »AfroChampions Initiative presents $1trn AfCFTA investment framework
The AfroChampions Initiative held its second conference on sustainable green growth and industrialisation in Kigali, Rwanda. Kigali, Rwanda | TOM COLLINS | The AfroChampions Initiative, a set of public-private partnerships designed to leverage resources and funds to create more multinational corporate champions in Africa, has proposed a $1trn investment framework …
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