Tag: development

Microsoft is planning on spending $100 million on Kenya, Nigeria tech development hub, what you need to know

Microsoft Corp will invest $100 million to open an Africa technology development centre with sites in Kenya and Nigeria over the next five years.

Rwanda set to build Africa’s first green city

Experts in urban planning are currently working on the development of a ground-breaking Green City Pilot in Kigali. The city which will be the first of its kind in the country will showcase sustainable and prosperous urban mixed-use development. CNBC Africa spoke with Eudes Kayumba, Senior Urban Planner and member of the project.

Africa’s hotel industry poised for growth

According to a survey by W Hospitality, a total of 75,155 branded rooms in 401 hotels are in development across Africa - a net increase of almost 11,000 rooms in the pipeline, 17 per cent up on 2018. For more on the deals and the no deals in the hotel space, CNBC Africa is joined by Trevor Ward, Managing Director, W Hospitality Group.

Driving growth in Africa’s pension industry

According to official data from the Retirement Benefits Authority in Kenya, the country’s pension industry assets hit Sh1.2 trillion in September 2018 up from Sh1.08 trillion in December 2017 and Sh912.66 billion in 2016. With Enwealth's recent estimation for increasing share of funds to reach $41.3trillion in the global pension funds and investment funds, CEO Simon Wafubwa, joins CNBC Africa to expound on the need for pension fund investment and development in Africa.

MCB closes $800mn deal to diversify its funding profile

Mauritius Commercial Bank, MCB recently closed a deal for $800million to diversify its funding profile. For more CNBC Africa is joined by Deputy Chief Executive, Raoul Gufflet.

Key findings from the Nigeria Sustainable Finance Roadmap

The United Nations Environment inquiry recently launched a multi-stakeholder project in 2017 to assess the opportunities and solutions for sustainable finance to meet the development needs in Nigeria by 2030. Findings from the Nigeria Sustainable Finance Road-map highlight that the demand for additional sustainable investment in Nigeria is 92 billion dollars annually up to 2030. CNBC Africa discussed this road-map with Daniel Akinmade Emejulu, Nigeria Programme Manager for the United Nations Environment Programme.

Africa Forum 2018 to help fast-track investment decisions – BUA Group Chair

Chairman of BUA Group, Abdulsamad Rabiu says business-to-business and government-to-business interactions at the Africa 2018 are significant for fast-tracking the continent's development. He spoke to CNBC Africa’s Christy Cole on the side-lines of the Africa 2018 Forum to discuss this and more.

Zimbabwe diaspora entrepreneurs see opportunity in Zim amid economic crisis

As Zimbabwe celebrates one year with-ought Robert Mugabe, and also faces one of its worst economic crisis; some Zimbabweans in diaspora are making plans, on how they can contribute to the development of the country. CNBC Africa’s Daniel Sango filed this report. http://cnbc.africa/videos/...