Friday, May 1, 2026
elitecraft
Home Blog Page 3
News

CBK licenses Jawabu Biashara as a digital lender

Staff Writer -
0
‘We are committed to mutual success’ A quiet revolution is brewing in the fight against energy poverty and climate change, and its engine is an unexpected one: a microfinance loan. While major corporations pledge distant net-zero goals, one lender, Jawabu Biashara, is making a tangible impact today. By designing a specialized loan product for Biogas digestors, they are turning communities into active participants in the green economy. Business Insights Africa talked to Mr. Charles Njoroge, Managing Director, Jawabu Biashara, to understand their winning concept. How has Jawabu Biashara evolved from its early days to become a formidable player in the microfinance industry in Kenya? Seven years ago, specifically in Githurai, we stablished our first office that doubled as our head office. From that humble beginnings, today we operate in over 11 counties and we offer a buffet of financial solutions. Jawabu Biashara name defines our business mandate in Kenya, to be a solution to the very many micro-entrepreneurs who operate micro and small enterprises that dot every part of Kenya. We remain guided by our vision, to be a market leader and a partner of choice in the provision of innovative and profitable customer focused financial solutions in Kenya. This is a huge mandate, but one we are equal to the task. Our past, and indeed our future growth is anchored on charting an organization path that walks on innovation and partnerships. As an institution, we have built a team that believes in our bigger picture, if we are to deliver our brand promise of Finance, Empower and transform. This way we have been able to manage the challenges that come our way with confidence. We have also taken our business lessons along the way, and we remain hopeful the future can only be better. What are some of the proudest achievements of Jawabu Biashara over the years? Jawabu Biashara, like many other business corporates has had its good days and challenging days as well. Some of the achievements we have had, and many a times other institutions may have taken it for granted is to survive covid-19. From an institutional point of view this was the most difficult period in the life of Jawabu Biashara, yet when I look back, its the moment when resilience of the organization got tested. While some of our peers have struggled to raise themselves up, we have dusted ourselves, taken our lessons and moved on. Further, we have been able to retain staff, deliver scale, expanded to eleven counties over the period and executed more innovative solutions, giving Jawabu Biashara that inner drive to thrive despite the very many odds we find on our way. As MD, how have you worked to preserve Jawabu Biashara’s legacy while driving modernization? First, I have passion for what I do. I like what I do, and every day is an improvement of yesterday. The moment I listen to a customer say, how grateful he|she is for the funding support he received from Jawabu and shares his|her journey of success due to our intervention, that’s it for me. Further when certain facts confront me like - Over 90% of rural households in Kenya use firewood for cooking, they rely majorly on 3-stone cook stoves because they are cheap to assemble and operate, this resonates well with my past. You ask yourself, what can you do to change this? At the same time, you gather millions of Kenyans, especially women and children are exposed to harmful smoke from traditional cooking methods, then this speaks to you as well. Further, you gather that the long term health effects, which include respiratory illnesses are devastating rural families , with over 20,000 deaths attributed to indoor air pollution each year in Kenya – can something be done? This is where Jawabu Biashara comes in with its clean cooking solutions. We are able to remove households from harmful smoke and respiratory deaths through access to affordable credit for clean cooking. This brings to life why an institution like Jawabu exists. We work for a good bottom line, just like any one else, but we are proud to say we deliver impact, we deliver over 9 of the 17 UN SDGs ( sustainable development goals) and this fits well to our brand promise of Finance , Empower and Transform. Beyond this, its also very clear in the entire microfinance space, that you cannot wish away technology and digitization. The challenge though, is that it’s expensive. Finally, the question that bothers me and every other executive every minute of the day is – What can we do today to remain relevant not only today, but also tomorrow? Sustaining business relevance and understanding how to identify what matters, filtering out distractions, and connecting information or actions to objectives for better problem-solving and decision-making is the new norm in a fast paced industry like the one Jawabu Biashara is in. How do you ensure that the institution’s culture remains client-centric and innovative amid industry disruptions? Peter Drucker, an influential thinker and author on management talks of corporate culture as , "Culture eats strategy for breakfast." Every business success or failure many a time is anchored on its corporate culture. Its usually very fragile and needs to be managed with utmost attention. Corporate culture defines a company's identity and indeed shapes the work environment. The secret though is how the institution engages with itself, the level of team engagement and team work and how the institution is aligned to the strategy as it monitors the market dynamism. This is a tough one for any corporate leader, but as slippery as it is, it’s the reason why agile entities thrive. From where I sit, it’s the reason I report to work every morning. What’s going on in the microfinance sector and what makes Jawabu stand out in Kenya’s crowded microfinance space? The Microfinance industry in Kenya is very competitive, innovative and ever evolving. I would imagine its fast paced abit more than many other sectors of the economy. At the same time, its an industry with many players some very strong from a bottom line point of view, foreign owned and many locally owned as well. It’s a very dynamic industry going through a lot of disruptions including regulation coupled with funding constraints. Its an industry that depicts what survival for the fittest is all about. But again, it’s also an industry that thrives through sheer hard work, Innovation, strategy and with a huge dose of trust from staff, customers, funders and regulator. Jawabu Biashara is a proactive lender who upholds innovation and genuinely seeks to deliver impact with its financial solutions. Beyond this we also give back to the community, by supporting their communally owned entities such as schools. What lessons can Jawabu Biashara share with younger entrepreneurs and businesspeople looking to build long-term success? Success is a journey and is not an abracadabra moment. Success does not happen overnight and requires focus and patience. There is huge potential for entrepreneurship in Kenya, but a bigger portion of them face many common business challenges such as limited access to capital, inadequate business management skills, lack of mentorship and also the education system may not be preparing many of them on what is ahead of them. Many of them get to entrepreneurship for lack of an alternative, especially formal work. Mentorship is what is urgently needed as it psychologically prepares someone for the heartaches of business and confers discipline that many new entrepreneurs majorly lack. Only, when this is sorted can we talk of access to capital. Access to capital resonates well with a psychologically prepared entrepreneur. But entrepreneurship needs boldness of action, taking calculated risk and that inner faith that success will happen, what come may. Quoting Vincent Van Gogh “ Fishermen know that the sea is dangerous and the storm terrible, but they have never found these dangers sufficient to keep them ashore”. Where do you see Jawabu Biashara in the next decade, especially with increasing competition and tech disruption? Our vision defines our longevity in the Kenyan market. Every day, in Jawabu we ask ourselves what are we doing to ensure we become the partner of choice to the customers that we serve and all the other stakeholders we work with. We are privy to the fact that competition will not cease and the earlier we accept it as a way of life, the better we respond to it. Technology disruptions will be the in-thing. Bigger players will come and distort the market to their advantage, but then in our own small way we shall disrupt the market in our own way. We shall ensure we deliver need based financial solutions, we shall anchor our future on business innovation and technology and we shall serve the customer with diligence. Are there plans for regional expansion, new product lines, or digital transformation to future-proof the institution? Absolutely! Scale and digital engagement fits very well to our strategic direction to not only offer branch-less expansion, but occasionally anchor some brick and mortar expansion based on an in-house expansion criteria. What has been the most rewarding aspect of leading Jawabu Biz? The progress Jawabu Biashara has made to date is phenomenal. We offer a buffet of financial solutions that meet our agenda of delivering customers need for social and economic transformation. Our business name, Jawabu in Kiswahili translates to “solution or an answer” and that’s what we strive to offer innovatively in the Kenyan market. Over the years, we have increased our outreach to eleven counties, we work with many farmers especially in SDG#7 – Affordable and clean energy. The clean cooking space, especially the roll out of Biodigestor credit has in many ways brought healthy cooking alternative to our customers, improved on forest cover protection and ensured there is uptake of organic farming via production of Bioslurry. Jawabu also has solutions that address SDG#6 – Clean water and sanitation, whose benefit include water storage, ensuring sustainable use of rain water and ensuring consistent water supply to families. What message do you have for clients, employees, and stakeholders who have been part of Jawabu Biashara’s journey? To all our stakeholders – Please know we value the partnership and you have a solid partner in Jawabu Biashara, At Jawabu Biashara we are committed to mutual success.
The Central Bank of Kenya (CBK) has licensed an additional 32 Digital Credit Providers (DCPs), raising the total number of approved digital lenders in the country to 227. Among the newly licensed digital lenders is Jawabu Biashara, a purpose-driven microfinance institution committed to transforming lives through accessible and sustainable financial solutions.
Read more
News

Africa’s Economic Resilience Holds Firm Amid Global Headwinds, Says New African Development Bank (AfDB) Report

Staff Writer -
0
Despite ongoing regional and global headwinds, Africa continues to demonstrate impressive resilience and maintains its status as a global growth frontier. This is the headline finding of the 2026 Africa Macroeconomic Performance and Outlook (MEO) report, released by the African Development Bank Group (www.AfDB.org) on Monday 30 March 2026 at the Bank Group headquarters in Abidjan. The report underscores that Africa outpaced the global average in 2025 as real GDP surged to 4.2 percent, up from 3.1 per cent in 2024, comfortably eclipsing the 3.1 per cent world average. A key finding in the report is the "broad-based" surge, with growth exceeding 5 per cent in 22 African countries, and topping 7 per cent in six, bolstered by easing inflationary pressures, improved macroeconomic management and favourable agricultural conditions. Other highlights include: Africa's real GDP growth is projected to stabilise at 4.3 percent in 2026 and grow further to 4.5 percent in 2027. 12 of the 20 fastest-growing economies in the world in 2025 were African. In 2025, East Africa maintained its lead as the continent’s fastest-growing region (posting 6.4 percent GDP growth), with its expansion driven by the surge in growth performances of 9.8 per cent in Ethiopia, 7.5 per cent in Rwanda, and 6.4 per cent in Uganda. Africa’s GDP per capita growth rose from 0.9% in 2023 to 1.1% in 2024 and 1.9% in 2025, but still remains too low to propel rapid poverty reduction. Inflation is declining, with average inflation estimated at 13.6 percent in 2025, down from 21.8 percent in 2024; further reductions are projected for 2026 and 2027. Foreign direct investment rebounded sharply in 2024, rising by more than 75% to reach $97 billion. Remittance flows rebounded strongly in 2024, rising by more than 14 percent to $104.6 billion—offsetting the 6 percent decline recorded in 2023 and making remittances the largest single source of external non-debt financing, surpassing foreign portfolio investment. In his high-level remarks at the launch, the President of the African Development Bank Group, Dr Sidi Ould Tah, underscored that the continent faces an "important moment when the world is changing, not always in favour of the African continent." Citing a difficult landscape of increasing geopolitical fragmentation, trade tensions, and declining global development finance flows, Dr Ould Tah positioned the Bank Group's Four Cardinal Points agenda as a vital strategic shield, explaining that "each one speaks directly to the challenges this Macro Economic Outlook report has identified and quantified." In light of recent developments in the Middle East, Dr Ould Tah noted that the 2026 MEO analysis and projections "were prepared before the current crisis" began. He added that the Bank Group and partners, including the United Nations Development Programme are currently assessing the potential consequences of the crisis on the continent. In his detailed presentation, the Bank Group Chief Economist and Vice President for Economic Governance and Knowledge Management, Prof Kevin Urama, expressed optimism that the current crisis would have a limited impact on Africa's macroeconomic landscape in 2026. "Africa has held strong in previous shocks, and has the capacity to bounce back after, provided we do not panic and we instead apply the right policy levers," he said. "In our estimates, if the crisis lasts beyond three months, it might cause a dip of 0.2 percentage point in Africa's economic growth rate in 2026." An expert-led panel followed the presentation and explored the report's findings and policy recommendations aimed at sustaining growth, strengthening financial systems, and mobilising development finance at scale. Panellists included Souleymane Diarrassouba, the Minister of Planning and Development of Côte d'Ivoire; Augustine Kpehe Ngafuan, Minister of Finance and Development Planning of Liberia; Prof Mthuli Ncube, Minister of Finance of Zimbabwe; Dr Retselisitsoe Matlanyane, Minister of Finance and Development Planning of Lesotho; and Mrs Aminata Toure, the International Monetary Fund Resident Representative for Côte d'Ivoire. The panelists emphasised the importance of sustaining reforms linked to domestic resource mobilisation, including deepening local equity and fixed-income markets, and scaling digitalisation efforts to improve the efficiency of tax collection. They also shared success stories from ongoing reforms in their respective countries. A consensus emerged that Africa's experiences with shocks can position the continent to draw on valuable lessons to weather current and future challenges. The African Development Bank Group publishes the Macroeconomic Report biannually to complement its annual Africa Economic Outlook. Dr Ould Tah described the series as a demonstration of "the Bank's commitment to provide our member countries, our partners and our investors with the most rigorous, timely and actionable analysis."
Despite ongoing regional and global headwinds, Africa continues to demonstrate impressive resilience and maintains its status as a global growth frontier. This is the headline finding of the 2026 Africa Macroeconomic Performance and Outlook (MEO) report, released by the African Development Bank Group (www.AfDB.org) on Monday 30 March 2026 at the Bank Group headquarters in Abidjan.
Read more
News

Public attitude data are key to building resilient, competitive businesses, Afrobarometer tells private-sector leaders

Staff Writer -
0
Afrobarometer (www.Afrobarometer.org) is urging private-sector leaders and investors across Africa to integrate public attitude data into their decision making, as citizen perspectives are essential to building resilient, competitive, and future-ready enterprises. This call came through strongly as Afrobarometer engaged business leaders, investors, policy makers, regulators, and innovators at the CEO Conclave and Investors Forum 2026 in Nairobi, Kenya. The forum, convened by the Africa Asia Middle East Chamber of Commerce (AAMECC), brought together about 100 leaders from across the business ecosystem to explore opportunities for investment, innovation, and cross-border partnerships. At the event, Afrobarometer presented data on economic and social conditions tailored for private-sector stakeholders and highlighted the role of citizens’ lived experiences and perceptions in shaping consumer behaviour, investment climates, and business performance. “The environments in which you operate are shaped by the expectations, frustrations, resilience, and aspirations of people,” said Felix Biga, chief operations officer for Afrobarometer. “Citizen experiences and perceptions of economic conditions, trust in institutions, access to services, and lived realities all influence market behaviour, investment climates, and ultimately business success.” Participants echoed the value of integrating citizen-centred data into business planning. “As Africa emerges as a significant frontier for economic growth, those who lead will be organisations prioritising insights derived from robust data, particularly citizen-centred data,” said Peter Mutinda, president of AAMECC. “What is most important to me in business, especially when working with African partners, is starting with data, then building connections and cooperation, and only then moving into the details and country-specific specialisations,” said Pawel Zarzecki, an export manager at Bart, a health-focused manufacturer. Eve Mischeki from the Women in Business network also underscored the relevance of the findings presented by Afrobarometer. “As a woman in business, I see strong synergy with Afrobarometer’s data, particularly in the key priorities it highlights, which closely reflect the realities we navigate,” she said. This engagement forms part of Afrobarometer’s broader effort to deepen collaboration with business leaders through a series of targeted dialogues aimed at increasing awareness of its data and co-creating solutions that respond to both business and societal priorities.
Afrobarometer (www.Afrobarometer.org) is urging private-sector leaders and investors across Africa to integrate public attitude data into their decision making, as citizen perspectives are essential to building resilient, competitive, and future-ready enterprises. This call came through strongly as Afrobarometer engaged business leaders, investors, policy makers, regulators, and innovators at the CEO Conclave and Investors Forum...
Read more
News

PAC Capital Secures Four Major African Honours at the International Business Magazine Awards 2026

Staff Writer -
0
PAC Capital Limited (www.PACCapitalLtd.com) has been recognised with four prestigious continental awards by the International Business Magazine, further cementing its position as a leading force in investment banking and transaction advisory across Africa. At the 2026 awards, the firm emerged as: Excellence in Cross-Border Transactions Africa 2026 Best Investment Banking Firm Africa 2026 Best Deal Structuring & Advisory Firm Africa 2026 Financial Advisory Firm of the Year Africa 2026 These recognitions come on the heels of the firm’s 2025 honour as Best Transaction Advisory Firm Nigeria, underscoring a consistent trajectory of excellence, innovation, and strong execution across both domestic and cross-border mandates. Over the years, PAC Capital has built a reputation for structuring and delivering complex, high-value transactions across multiple sectors and jurisdictions. From mergers and acquisitions to capital raising and bespoke financial advisory mandates, the investment banking arm of PAC Holdings continues to demonstrate deep technical expertise, strategic foresight, and an intimate understanding of the African business landscape. Its growing portfolio of cross-border transactions highlights its ability to navigate regulatory environments, manage multi-market stakeholders, and unlock sustainable value for clients operating within and beyond the continent. Commenting on the achievement, Humphrey Oriakhi, Managing Director/CEO, PAC Capital, stated: “We are honoured by this recognition from International Business Magazine. Receiving four continental awards in one year is a strong validation of our borderless capital solutions initiative, strategic direction, execution capability, and the trust our clients place in us. Cross-border transactions in Africa require resilience, precision, and deep market intelligence. Our team remains committed to delivering innovative solutions that enable businesses to scale, expand, and create long-term impact.” Also speaking, Bolarinwa Sanni, Executive Director, PAC Capital, added: “These awards reflect the strength of our advisory model and our deliberate focus on value-driven deal structuring. Every mandate we undertake is approached with rigor, creativity, and a clear understanding of our clients’ long-term objectives. As markets become increasingly interconnected, our role as a trusted transaction partner across Africa becomes even more critical.” With this latest milestone, PAC Capital continues to reinforce its standing as a premier African Investment Banking and Financial Advisory firm—driven by excellence, defined by innovation, and committed to shaping transformative transactions across the continent.
PAC Capital Limited (www.PACCapitalLtd.com) has been recognised with four prestigious continental awards by the International Business Magazine, further cementing its position as a leading force in investment banking and transaction advisory across Africa. At the 2026 awards, the firm emerged as: Excellence in Cross-Border Transactions Africa 2026
Read more
News

Securing the bridge between legacy and smart

Staff Writer -
0
The recent Liaison Agreement between the STS Association and the DLMS User Association marks a pivotal step in the evolution of interoperable, secure and future-ready metering systems. By aligning STS token technology with the widely adopted DLMS/COSEM framework, this collaboration is set to bridge the gap between legacy infrastructure and next-generation smart metering. The partnership reflects a shared vision to enhance interoperability, strengthen smart prepayment integration, and unlock greater value across the global metering ecosystem. STS Association, in partnership with ESI Africa (part of VUKA Group), and DLMS User Association, is hosting a free webinar on this topic: Securing the bridge between legacy and smart Thursday, 7 May 2026 | 11:00 AM – 12:00 PM Register: https://apo-opa.co/4cfEUb5 What you will learn Industry experts will unpack how this strategic alignment enables seamless integration between your trusted prepayment systems and advanced data exchange protocols. Attendees will gain insight into: How STS tokens can be securely transported using DLMS/COSEM The role of Generic Companion Profiles in enabling interoperability How coordinated roadmaps will shape the future of token technology and smart metering The expanding application of these standards beyond electricity into water, gas and time metering Practical benefits for utilities, manufacturers and system integrators navigating the transition from legacy to smart environments Introducing the Panel Lance Hawkins-Dady – STSA Board Chairman Franco Pucci – STSA Technical Consultant Don Taylor – STSA Independent Director Sergio Lazzarotto – DLMS User Association, President Join STS Association and ESI Africa to explore how this landmark collaboration is securing the bridge between legacy systems and smart innovation. Discover how aligned standards can simplify integration, enhance security and future-proof your metering strategy. Register now: https://apo-opa.co/4cfEUb5
The recent Liaison Agreement between the STS Association and the DLMS User Association marks a pivotal step in the evolution of interoperable, secure and future-ready metering systems. By aligning STS token technology with the widely adopted DLMS/COSEM framework, this collaboration is set to bridge the gap between legacy infrastructure and next-generation smart metering. The partnership reflects a...
Read more
News

Investment: Africa’s Lithium Pipeline Gains Momentum as Global Supply Deficits Loom

Staff Writer -
0
Despite ongoing regional and global headwinds, Africa continues to demonstrate impressive resilience and maintains its status as a global growth frontier. This is the headline finding of the 2026 Africa Macroeconomic Performance and Outlook (MEO) report, released by the African Development Bank Group (www.AfDB.org) on Monday 30 March 2026 at the Bank Group headquarters in Abidjan. The report underscores that Africa outpaced the global average in 2025 as real GDP surged to 4.2 percent, up from 3.1 per cent in 2024, comfortably eclipsing the 3.1 per cent world average. A key finding in the report is the "broad-based" surge, with growth exceeding 5 per cent in 22 African countries, and topping 7 per cent in six, bolstered by easing inflationary pressures, improved macroeconomic management and favourable agricultural conditions. Other highlights include: Africa's real GDP growth is projected to stabilise at 4.3 percent in 2026 and grow further to 4.5 percent in 2027. 12 of the 20 fastest-growing economies in the world in 2025 were African. In 2025, East Africa maintained its lead as the continent’s fastest-growing region (posting 6.4 percent GDP growth), with its expansion driven by the surge in growth performances of 9.8 per cent in Ethiopia, 7.5 per cent in Rwanda, and 6.4 per cent in Uganda. Africa’s GDP per capita growth rose from 0.9% in 2023 to 1.1% in 2024 and 1.9% in 2025, but still remains too low to propel rapid poverty reduction. Inflation is declining, with average inflation estimated at 13.6 percent in 2025, down from 21.8 percent in 2024; further reductions are projected for 2026 and 2027. Foreign direct investment rebounded sharply in 2024, rising by more than 75% to reach $97 billion. Remittance flows rebounded strongly in 2024, rising by more than 14 percent to $104.6 billion—offsetting the 6 percent decline recorded in 2023 and making remittances the largest single source of external non-debt financing, surpassing foreign portfolio investment. In his high-level remarks at the launch, the President of the African Development Bank Group, Dr Sidi Ould Tah, underscored that the continent faces an "important moment when the world is changing, not always in favour of the African continent." Citing a difficult landscape of increasing geopolitical fragmentation, trade tensions, and declining global development finance flows, Dr Ould Tah positioned the Bank Group's Four Cardinal Points agenda as a vital strategic shield, explaining that "each one speaks directly to the challenges this Macro Economic Outlook report has identified and quantified." In light of recent developments in the Middle East, Dr Ould Tah noted that the 2026 MEO analysis and projections "were prepared before the current crisis" began. He added that the Bank Group and partners, including the United Nations Development Programme are currently assessing the potential consequences of the crisis on the continent. In his detailed presentation, the Bank Group Chief Economist and Vice President for Economic Governance and Knowledge Management, Prof Kevin Urama, expressed optimism that the current crisis would have a limited impact on Africa's macroeconomic landscape in 2026. "Africa has held strong in previous shocks, and has the capacity to bounce back after, provided we do not panic and we instead apply the right policy levers," he said. "In our estimates, if the crisis lasts beyond three months, it might cause a dip of 0.2 percentage point in Africa's economic growth rate in 2026." An expert-led panel followed the presentation and explored the report's findings and policy recommendations aimed at sustaining growth, strengthening financial systems, and mobilising development finance at scale. Panellists included Souleymane Diarrassouba, the Minister of Planning and Development of Côte d'Ivoire; Augustine Kpehe Ngafuan, Minister of Finance and Development Planning of Liberia; Prof Mthuli Ncube, Minister of Finance of Zimbabwe; Dr Retselisitsoe Matlanyane, Minister of Finance and Development Planning of Lesotho; and Mrs Aminata Toure, the International Monetary Fund Resident Representative for Côte d'Ivoire. The panelists emphasised the importance of sustaining reforms linked to domestic resource mobilisation, including deepening local equity and fixed-income markets, and scaling digitalisation efforts to improve the efficiency of tax collection. They also shared success stories from ongoing reforms in their respective countries. A consensus emerged that Africa's experiences with shocks can position the continent to draw on valuable lessons to weather current and future challenges. The African Development Bank Group publishes the Macroeconomic Report biannually to complement its annual Africa Economic Outlook. Dr Ould Tah described the series as a demonstration of "the Bank's commitment to provide our member countries, our partners and our investors with the most rigorous, timely and actionable analysis."
Rising demand for lithium is positioning Africa to attract foreign investment, accelerate local beneficiation and strengthen its role in securing the global battery supply chain. A recent forecast by Wood Mackenzie projects that global lithium demand could exceed 13 million tons by 2050 under an accelerated energy transition scenario. This surge is expected to place significant pressure...
Read more
News

Ascott expands in Nairobi with new Citadines signing, reinforcing the city’s position as a regional hub

Staff Writer -
0
The Ascott Limited (www.DiscoverASR.com), the wholly owned lodging business unit of Capital and Investment (CLI), has announced the signing of Citadines Westview Nairobi, a 160-key hotel located in the capital’s established Kilimani district. The new property will complement the existing 162-key Somerset Westview Nairobi serviced apartments, forming a strategic dual-brand offering that enhances Ascott’s ability to serve both short- and extended-stay demand across a broader range of traveller segments. Scheduled to open in the first quarter of 2028, Citadines Westview Nairobi is designed to cater to a growing mix of both corporate and leisure travellers as well as the meeting and conferences demand. Reinforcing Nairobi’s Role as a Regional Business Hub Nairobi continues to strengthen its position as a key regional business and investment hub, supported by growing corporate activity, infrastructure development and increasing international connectivity. This is driving sustained demand for high-quality, flexible accommodation that caters to both short-term and extended stays. The signing reinforces Ascott’s commitment to expanding in high-potential urban markets and builds on its existing footprint in Kenya, where it currently operates Somerset Westview Nairobi, with additional properties in the pipeline. Part of Ascott’s Broader Africa Growth Strategy The Nairobi signing forms part of Ascott’s broader expansion across Africa, where the company has secured 10 signings over the past year. Once fully operational, these will expand its portfolio from two properties today to 23 properties with over 2,800 units across 10 cities in eight countries by 2028. In addition to Kenya, Ascott is growing its presence in key markets including Morocco, Nigeria and Ethiopia, where two properties are slated to open in Addis Ababa’s Bole district, further strengthening its footprint in East Africa. Vincent Miccolis, Managing Director for Middle East, Africa and Türkiye, The Ascott Limited, said: “Nairobi is one of Africa’s most important commercial and lifestyle hubs, with strong fundamentals supporting continued growth in hospitality demand. This signing reinforces our commitment to the Kenyan market and reflects our focus on expanding in cities where we see sustained demand from both business and leisure travellers. We are honoured to further strengthen our partnership with Britam on this development, bringing together strong institutional investment and Ascott’s global operating expertise. By introducing Citadines alongside Somerset, we are able to offer a broader range of accommodation options that cater to different guest segments, while maintaining the quality and flexibility that define our brands.” Ambrose Dabani - CEO & Principal Officer Britam Holdings PLC, said: “This investment reflects our long-term confidence in Nairobi as a key economic and commercial hub in the region. We are focused on high-quality, resilient assets that deliver sustainable value over time. Partnering with Ascott allows us to combine strong real estate fundamentals with an experienced global operator, ensuring the development is well positioned to meet evolving demand for professionally managed accommodation in the market.” Designed for Modern Urban Living Citadines Westview Nairobi will offer a mix of well-balanced hotel rooms, studios and one-bedroom apartments, supported by a comprehensive range of amenities including food and beverage outlets, meeting and conferencing facilities, a swimming pool, and a fully equipped gymnasium. The F&B offering will complement the Somerset Westview Nairobi’s Jabu rooftop bar and La Mascotte restaurant, contributing to a more vibrant and integrated lifestyle destination within the development. Strategically located adjacent to Somerset Westview Nairobi in the prime Kilimani district, the property offers seamless access to Nairobi’s key business hubs and lifestyle destinations, providing guests with the flexibility and convenience for a comfortable stay, whether travelling for business or leisure, on short or extended stays.
The Ascott Limited (www.DiscoverASR.com), the wholly owned lodging business unit of Capital and Investment (CLI), has announced the signing of Citadines Westview Nairobi, a 160-key hotel located in the capital’s established Kilimani district. The new property will complement the existing 162-key Somerset Westview Nairobi serviced apartments, forming a strategic dual-brand offering that enhances Ascott’s ability to serve...
Read more
News

Wingu Africa Launches Wingu Cloud Exchange in Ethiopia

Staff Writer -
0
Wingu Africa (www.Wingu.Africa), the pioneering specialist provider of carrier-neutral, Tier III-standard data centres in East Africa, has announced the launch of the Wingu Cloud Exchange (WCX), a new private cloud platform tailored specifically for East African businesses and now available in Ethiopia. With WCX, Ethiopian organisations can keep their data securely within the country, ensuring compliance with local regulations and protecting sensitive information. For businesses, this enables faster access to services, improved operational efficiency, and reliable support through locally optimised infrastructure. Demos Kyriacou, Deputy CEO, COO and Co-founder of Wingu Africa, said, “WCX is a game-changer for African businesses. We are delivering secure, compliant, and scalable cloud solutions built specifically for local needs. With this platform, we are setting a new standard for digital infrastructure in the region and accelerating Ethiopia’s transformation into a digitally enabled economy.” WCX brings together essential cloud services such as computing, storage, container management, and security, making advanced technology accessible to companies of all sizes. Enterprises can scale operations on demand, pay predictable prices in local currency, and avoid the uncertainties of foreign exchange or hidden fees. This gives businesses clarity in planning and the freedom to grow without constraints. The platform offers a full range of services, including Wingu Compute, Wingu Kubernetes, Wingu Drive, and Wingu Security, enabling businesses to deploy, manage, and secure applications with confidence. The platform also integrates seamlessly with existing on-premises systems and complements global providers such as Azure and AWS, offering customers flexible hybrid options tailored to their operational requirements. The launch of WCX highlights the company’s commitment to advancing Ethiopia’s digital transformation and strengthening the region’s cloud infrastructure. By delivering locally relevant solutions, Wingu Africa supports sustainable growth and inclusive development, while addressing customer demand for simplicity, reliability, and predictability in cloud adoption.
Wingu Africa (www.Wingu.Africa), the pioneering specialist provider of carrier-neutral, Tier III-standard data centres in East Africa, has announced the launch of the Wingu Cloud Exchange (WCX), a new private cloud platform tailored specifically for East African businesses and now available in Ethiopia. With WCX, Ethiopian organisations can keep their data securely within the country,...
Read more
News

CityBlue Hotels announces Oceara Residences by CityBlue in Watamu, Kenya

Staff Writer -
0
ityBlue Hotels, a member of The Diar Group, Africa’s fastest-growing local hotel chain, is pleased to announce a deal with Sands of Darakasi Resort Ltd for the development and operation of Oceara Residences by CityBlue, a landmark beachfront hospitality project in Watamu, Kenya. Set on an approximately 6-acre prime beachfront site with over 130 metres of direct ocean frontage, Oceara Residences by CityBlue is envisioned as a premier coastal destination combining resort living with branded residential offerings. The development will comprise of 200+ units, including studios, one-bedroom, and two-bedroom apartments, supported by an extensive range of lifestyle and leisure amenities. These will include multiple swimming pools, a beach club, restaurants, a spa, fitness facilities, and landscaped green spaces, positioning Oceara Residences by CityBlue as one of the most compelling mixed-use resort developments on the Kenyan coast. The project is currently in the development phase, with completion targeted for Q4 2029. The development will be fully integrated into the Residences by CityBlue platform, ensuring alignment with international hospitality standards, strong brand positioning, and access to regional and global distribution networks. Speaking on the sidelines of the Future Hospitality Summit in Nairobi, Jameel Verjee, CEO of CityBlue Hotels, commented: “Oceara Residences by CityBlue represents a significant milestone in the evolution of Kenya’s coastal hospitality market. We are proud to partner with Sands of Darakasi Resort Ltd to bring this vision to life, combining world-class hospitality expertise with a unique beachfront offering that will attract both investors and leisure travellers. Our focus is to deliver a high-performing, design-led destination that creates long-term value for all stakeholders.” The project reflects growing investor interest in branded residential and mixed-use hospitality developments in East Africa, particularly in high-growth leisure destinations such as Watamu. With its strong positioning and comprehensive amenity offering, Oceara Residences by CityBlue is expected to appeal to both regional and international buyers seeking a blend of lifestyle, investment, and hospitality-driven returns.
ityBlue Hotels, a member of The Diar Group, Africa’s fastest-growing local hotel chain, is pleased to announce a deal with Sands of Darakasi Resort Ltd for the development and operation of Oceara Residences by CityBlue, a landmark beachfront hospitality project in Watamu, Kenya. Set on an approximately 6-acre prime beachfront site with over 130...
Read more
News

CityBlue Hotels Announces Launch of Diani Beach Residences by CityBlue

Staff Writer -
0
The Diar Group in partnership with Staroot Real Estate, is pleased to announce a proposed collaboration to develop and operate Diani Residences by CityBlue, a landmark mixed-use residential and hospitality development in Diani Beach. The announcement will be unveiled at the Future Hospitality Summit Africa (www.FutureHospitality.com) taking place in Nairobi on 1 April 2026. Set on approximately five acres, the project is envisioned as a flagship lifestyle destination comprising between 400 and 500 contemporary residential units. The development will feature a thoughtfully curated mix of one-bedroom and two-bedroom apartments, designed to meet the evolving needs of both investors and end-users seeking high-quality coastal living experiences. The project will be branded under the Residences by CityBlue platform, leveraging the extensive experience of CityBlue in managing hospitality-led residential developments across Africa. Known for its operational excellence and performance-driven approach, Diani Residences by CityBlue is expected to be the benchmark for integrated living within Kenya’s coastal real estate market. The development will include multiple swimming pools, a fully equipped fitness centre, spa facilities, conferences and meeting spaces, children’s recreational areas, paddle courts, and curated food and beverage experiences. A signature restaurant concept will anchor the culinary offering, supported by flexible dining spaces designed to accommodate both casual and private dining experiences. Speaking on the proposed partnership, Jameel Verjee, Founder & CEO of CityBlue Hotels noted: “Diani continues to emerge as one of East Africa’s most attractive coastal destinations. This project represents an exciting opportunity to create a vibrant, hospitality-led residential community that delivers long-term value for investors while enhancing the destination’s global appeal.”
The Diar Group in partnership with Staroot Real Estate, is pleased to announce a proposed collaboration to develop and operate Diani Residences by CityBlue, a landmark mixed-use residential and hospitality development in Diani Beach. The announcement will be unveiled at the Future Hospitality Summit Africa (www.FutureHospitality.com) taking place in Nairobi on 1 April 2026.
Read more
1234...208Page 3 of 208

MOST POPULAR

Load more

HOT NEWS

Ad

EDITOR PICKS

POPULAR POSTS

POPULAR CATEGORY

© 2026. All Rights Reserved. Designed by Elite Craft Limited.