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Is Kenya Being Shaped Into Africa’s Flagship Tax Haven?

AFRICANGLOBE - There is now mounting evidence that elite financial interests are planning to create a new tax haven - to add another node to the global spider web. This time it is on the African continent, which already gives far more to than it receives from the world economy.

Nairobi Ranked Africa’s Second Most Pricey Capital

AFRICANGLOBE - Kenya’s capital, Nairobi, is now ranked Africa’s second most costly city after Nigeria’s Lagos, according to Kenya’s Business Daily. The daily attributed this to a steep surge in the cost of living, diluting the quality of life for its residents. This puts paid to the city’s ability to entice foreign investment and tourists.

Google’s Boss Eric Schmidt Projects Kenya As Africa’s Tech Leader

AFRICANGLOBE - After a week’s visit to Africa that included meetings in Lagos and Nairobi, Executive Chairman and former CEO of Google, Eric Schmidt has labelled Nairobi as the ‘maybe’ silicon valley of Africa. “Nairobi has emerged as a serious tech hub and may become the African leader, “Schmidt said on his Google+ post yesterday.

Best Western Opens First East African Property in Nairobi

AFRICANGLOBE - A 96 room and 6 suite Best Western franchise has opened in Nairobi’s Hurlingham area last week, the first of its kind in Eastern Africa. Located along Arwings Kodhek Road the newly opened hotel adds yet another global brand name to Kenya, where in 2013 a number of other hospitality giants are also due to open new properties

Africa Attracting More Investor Attention

AFRICANGLOBE - Africa is continuing to receive more interest as an investment destination, according to a report issued by professional services firm PricewaterhouseCoopers (PwC). The...

IMF Approves $110.5m For Kenya, Based On Solid Economic Performance

The International Monetary Fund (IMF) has approved the dispersal of $ 110.5 million to Kenya, following a positive review of the country’s economic climate. The...

Nairobi Among Top Destinations in Africa

Nairobi is set to become the fourth most visited destination city in Africa this year, according to the 2012 MasterCard Global Destination Cities Index. The...

Nairobi to Get More Hotel Properties

The supply of upscale hotel rooms in Nairobi is set to increase as local and global hotel properties plan to enter the market between...

Kenya, France Ink Sh8.3 Billion Energy Deal

Kenya and France have sealed a Sh8.3 billion loan deal to upgrade Kenya's power transmission lines in order to eliminate blackouts in the country. Finance...

Al-Shabaab’s Threat to Kenya

The U.S. Embassy in Nairobi, Kenya, released a message April 23 informing U.S. citizens in the country that it had received credible information regarding...

Terrorists Carry out Grenade Attack on Nairobi Church

One person was killed and fifteen others wounded after a grenade was hurled inside a church in Nairobi's Ngara area on Sunday morning. Police said...

Kenya: Five Major Projects On Offer

The government of Kenya is inviting investment in five projects in energy, transportation, agriculture and construction sectors. The projects are critical in the realisation of...

Kenya Welcomes Direct Flights By Etihad Airways

Stakeholders in Kenya's tourism and economic development sectors have welcomed the launch of direct flights between Nairobi and the United Arab Emirates city of...

Prospects for kenya’s Economy Huge, Says IMF

Kenya needs to remain on the long-term path of economic reform that ensures a stable macroeconomic environment and promotes growth prospects, the International Monetary...

Kenya to Host Regional Tourism Conference

Tourism stakeholders from the East African region are set to converge in Nairobi in March to discuss ways of tapping into the growing online...

Kenyan Firms Dominate East Africa’s Cross-Border Investments

Kenya has been attracting the the least Foreign Direct Investment from its East Africa neighbors, despite spreading its investments across the region's economies. Intense competition...