MKU launches Kes20 Million hotel

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MKU launches Kes20 Million hotel

Staff Writer - June 2, 2021

Mount Kenya University has launched a Kes20 million hotel at its main campus in Thika. The hotel will be the training ground for MKU...

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Binance (www.Binance.com), the leading global blockchain ecosystem and cryptocurrency infrastructure provider, and Africell, a major African mobile network operator have announced their intent to collaborate on blockchain education, crypto literacy, and digital asset services across in Africa. Key areas of the proposed collaboration include: Crypto-as-a-Service: Exploration of crypto payment technologies, including Binance Link (https://apo-opa.co/4kGtEbr), to enable crypto payments and digital services through Africell platforms. Education Initiatives: Co-branded courses and workshops on Binance Academy to boost crypto knowledge across Africa. Joint User Offers: Exploration of joint promotional offers for users, which will be funded through Binances’s CPA (Cost Per Acquisition) revenue-sharing model. p2p Enhancements: Integration with Binance P2P (https://apo-opa.co/3OOKRDG) to improve speed, security, and convenience for peer-to-peer crypto transactions. Jack Wong, Business Development at Binance, commented: “Binance and Africell share a commitment to empowering African communities with education, infrastructure and practical tools to participate confidently in the digital economy. By combining global expertise with local reach, we aim to support responsible adoption of blockchain and crypto solutions and create real value for communities.” From Africell’s perspective, the partnership helps to expand its digital services offering. Africell’s Head of Business Development, Nidal Safetli, says: “Partnering with Binance allows us to bring global blockchain expertise into our local ecosystem. Together we aim to equip communities with the knowledge, technical skills and tools to participate confidently in the digital financial economy.” Further details on the potential joint programmes are expected to be announced in the coming months and could potentially be expanded to the wider Lintel group of companies.

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Mauritian listed business group ER Group (https://ERGroup.mu) has established a regional office in Nairobi, Kenya, and created a regional fund with equity partners to expand investment and partnerships across East Africa. The Group, created in 2025 through the merger of Mauritian business flagships ENL and Rogers, marks a new step in its regionalisation strategy by strengthening its presence in one of Africa’s most dynamic economic regions. Regional expansion is one of the pillars of ER Group’s ten-year strategy, set out earlier this year. In line with this roadmap, the Group, which is present in 17 territories worldwide, is accelerating its expansion in Africa through a measured approach focused on sectors it knows well. The priority is to grow in industries and countries the Group already operates, working with trusted partners to expand sustainably. Through this approach, ER Group aims to increase the contribution of international activities from around 15% of revenue today to 30% over the coming decade. East Africa has been identified as a priority region within this strategy, with Kenya, Tanzania, Zanzibar, Rwanda, and Uganda forming the first phase of expansion. To back this ambition, ER Group has created, together with equity partners, a regional fund of MUR 1 billion to accompany the expansion of its subsidiaries across Africa. The fund is designated to providing capital for growth, supporting selective investments and providing additional capacity to pursue opportunities in markets and sectors where the Group has established expertise. On the ground, ER Group has appointed Rasmus Bentzen as its regional representative in Nairobi. Bringing over a decade of experience in private equity and regional investment across East Africa, he will anchor the Group’s regional expansion agenda by identifying investment opportunities, developing strategic partnerships and supporting growth of its subsidiaries in Africa. Gilbert Espitalier-Noël, Group Chief Executive Officer of ER Group, said: “Regionalisation is a central part of our long-term strategy. We focus on markets where our businesses already have operational expertise and where partnerships can support sustainable growth. Establishing a regional office in Nairobi strengthens our ability to identify opportunities and support the expansion of our subsidiaries across East Africa.” As it accelerates its regional ambition, ER Group, one of Mauritius’s most profitable and diversified business groups, continues to combine strong financial performance with dedicated investment, giving it the capacity to support its expansion with discipline and long-term perspective. For the first half of FY26, the Group, listed on the Stock Exchange of Mauritius and included in its Sustainability index (SEMSI), reported: Revenue of MUR 23.2 billion ($492.7 million) EBITDA of MUR 6.4 billion ($135.9 million) Profit after tax of MUR 2.6 billion ($55.2 million) Operating margin of 26% Expected EBITDA FY26: MUR 12 billion ($254.8 million) The Nairobi presence, combined with the creation of dedicated regional investment capacity, marks the start of a more active phase of expansion for ER Group, building on its existing footprint and financial capacity to deepen partnerships and pursue opportunities across East Africa and the Indian Ocean region.

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ER Group chooses Nairobi to accelerate East African partnerships and investment

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Africa’s leading electric vehicle (EV) and clean energy infrastructure platform, today announced the successful closing of its latest funding round at $270 million. This milestone follows a newly finalized $55 million investment from NewTrails Capital, a prominent Chinese growth-stage investment fund focusing on emerging markets with strategic locations in Shanghai, Shenzhen and Nigeria. Scaling Africa’s next-generation mobility and energy ecosystem This capital injection positions Spiro among the continent's most heavily backed Africa’s e-mobility and energy ecosystem. Building on the support of long-standing institutional partners such as FEDA, Spiro’s latest equity round also draws global capital from Europe and Africa, Impact Fund Denmark, Equitane and FEDA, on top of the recent backing from Nithio and the Africa Go Green Fund. "I would like to thank NewTrails Capital for believing in Spiro’s model and supporting our unique tech, energy and innovation journey. Having deployed 100,000 electric vehicles and 2,500 smart-swap stations across seven active markets, Spiro has firmly moved past the proof-of-concept phase. Partnering with NewTrail Capital’s deeply experienced team marks a powerful new chapter for Spiro as we prepare for the next steps of our pan-African and international expansion”, stated Gagan Gupta, Founder of Spiro and Chairman of Equitane. Yufan Zhang, Founding Partner of NewTrails Capital, added: “We believe Spiro is driving a profound “energy revolution” across mobility use cases in Africa. This represents not only a vast and highly imaginative market opportunity, but also the potential to grow into an infrastructure-like business that creates meaningful commercial, social, and environmental value. In our view, Spiro’s core strengths lie in its deeply localized operating capabilities, vertically integrated supply chain, digitally enabled ecosystem, sound unit economics, and strong ability to scale rapidly. More importantly, Spiro has systematically integrated vehicles, batteries, energy replenishment, payments, and service networks into a solution that is truly tailored to the needs of African users, effectively addressing long-standing structural pain points in the local market. As a Chinese fund committed to investing in Africa’s energy transition and green technology, we are also very encouraged to see Chinese supply chains and financing playing an increasingly important role in this process. Spiro is still a young company, and everything today is only the beginning. We look forward to continuing to fulfill our role as a long-term investor, contributing our resources and experience, growing together with Spiro, and helping accelerate Africa’s new energy transition.”, This partnership will be instrumental to support Spiro’s current manufacturing and supply chain localisation effort on the continent in particular with Chinese suppliers.

Spiro secures $55M additional backing from Chinese investor NewTrails Capital

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Radisson Hotel Group (RHG) (www.RadissonHotels.com) is helping drive a new era in healthcare meeting planning, contributing to the industry’s evolution from operational event delivery to a structured, strategic discipline focused on improving scientific exchange, decision-making, and healthcare outcomes. The findings emerge from the Radisson Hotel Group Knowledge Exchange: Healthcare Planning, Design and Strategy Summit held in Florence, Italy, where 75 experts from across the pharmaceutical, healthcare agency, and venue production sectors came together to explore the future of healthcare meeting design. Built to drive tangible outcomes, the two-day summit centered on collaborative working sessions and practical workshops that translated industry insights into actionable frameworks, rather than a traditional conference format. The resulting report identifies a clear industry shift: healthcare meetings are increasingly being recognized not as standalone events, but as strategic communication systems that require structured design, measurable methodologies, and continuous improvement. “Healthcare meetings are no longer simply logistical exercises—they are strategic communication platforms that can drive measurable educational, scientific, and organizational outcomes,” said Muriel Poulenc, Senior Director, Sales Strategy at Radisson Hotel Group. “Across the industry, we are seeing growing recognition that better outcomes require more than flawless execution. They require structured design, integrated workflows, and a more deliberate approach to how meetings are planned, delivered, and measured. The organizations embracing this shift will be best positioned to create meaningful impact.” Healthcare meeting design is becoming a discipline A central theme emerging from the Florence summit is the growing professionalization of healthcare meeting planning. As regulatory requirements, stakeholder expectations, and organizational complexity continue to increase, the industry is moving toward shared methodologies, frameworks, and measurement systems that support more consistent and effective outcomes. Building on discussions first initiated at the 2025 Knowledge Exchange, participants worked to translate industry insight into practical, repeatable tools designed to improve meeting effectiveness, compliance, and stakeholder engagement. The report argues that healthcare meetings should no longer be viewed as isolated events, but as intentionally designed systems that support learning, collaboration, and decision-making across the healthcare ecosystem. The healthcare meeting planner is becoming a decision architect As healthcare meetings become more complex, the role of the planner is evolving beyond coordination and logistics. The report highlights the emergence of meeting planners as strategic decision architects, responsible for aligning stakeholders, structuring workflows, and helping organizations make better decisions throughout the planning lifecycle. Workshop discussions revealed that many organizational challenges, including delays, inefficiencies, and rework, are often the result of fragmented decision-making rather than execution shortcomings. Participants concluded that better meetings depend on better decision structures, greater alignment, and earlier strategic involvement from planners. AI won't fix healthcare meetings. Better systems will While artificial intelligence (AI) continues to dominate industry conversations, the Florence summit challenged the assumption that technology alone will solve healthcare meeting challenges. According to discussions and data presented during the summit, while AI adoption across the industry is high, relatively few organizations are achieving its full value. Participants agreed that the real challenge is not technology adoption, but the integration of AI into coherent workflows, governance models, and decision-making systems. The report identifies fragmented processes, disconnected workflows, and inconsistent planning structures as some of the industry's most significant barriers to progress. In many organizations, as much as 40–60% of planning activity remains focused on non-value-creating work. To address these challenges, RHG advocates for the adoption of structured methodologies, including Lean Six Sigma, Agile, and Sprint thinking, to redesign healthcare meeting planning around flow, efficiency, and measurable outcomes. Build. Measure. Learn. One of the report's key contributions is the introduction and exploration of the Meeting Flow Efficiency Ratio (MFER), a framework designed to measure the balance between value-creating activity and reactive planning effort. The model demonstrates how organizations can increase productive planning time by improving workflow design, reducing friction, and creating greater alignment across teams and stakeholders. The report also reinforces the need to move beyond one-off event thinking toward a continuous engagement model. This evolution is particularly important given the report's finding that 66% of healthcare professionals change their clinical practice or prescribing behavior following participation in industry-sponsored symposia, highlighting the significant influence healthcare meetings can have on professional decision-making and patient outcomes. An industry ready to evolve A panel featuring senior leaders from Inizio Engage XD, MCI, Emota, and Open Audience reinforced the report's conclusions. Drawing on longitudinal industry data spanning 2018 to 2026, the panel identified a common challenge: not structural failure, but structural inertia. While participation remains strong and investment continues, many traditional meeting formats have failed to evolve alongside changing expectations and technological capabilities. The report concludes that the future of healthcare meetings will belong to organizations that combine methodology, intelligent orchestration, and strategic design to create more impactful, measurable, and scalable engagement. By combining sector expertise, collaborative industry engagement and methodology-driven approaches, Radisson Hotel Group continues to support the advancement of healthcare meeting design and contribute to the ongoing development of the discipline globally.

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Tag: MKU Hotel

MKU launches Kes20 Million hotel

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ER Group chooses Nairobi to accelerate East African partnerships and investment

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