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Nokia to Set Up Global Research Hub in Nairobi, Kenya

Nokia plans to make Nairobi its global hub for research and investment for the India, Middle East and Africa region. The move is a big...

East African Economies Now Among the Worlds Fastest Growing

The economies of East African Community member states grew by more than five percent last year making the region one of fastest growing in world. Danish Minister for Development Cooperation Christian Friss Bach said "an average growth of more than five percent is indeed impressive in a world where economic headlines are dominated by words such as crisis, regression, negative growth etc."

Can Kenya’s Booming Property Market Stand the Heat?

In the ridges of Nairobi's Ruaka estate at least one four-storey building is completed every two weeks. The majority of rentals are fully booked before completion, while those for sale are half sold before the ground breaking is done. Those in the know say that is due to the huge mismatch between demand and supply of housing in the country. A drive around most of Nairobi's estates and its environs reveals the same story.

Five East African Airspaces to Be ‘Knit’ Together for Cheaper Air...

In order to make air travel affordable, governments of Tanzania, Kenya,Uganda, Burundi and Rwanda have been advised to knit their airspaces together. A delegation of directors from the Arusha-based, East African Business Council which recently went to meet Kenyan President Mwai Kibaki in Nairobi, presented a proposal that the five partner states should make the entire East African Community airspace domestic, with a view to making air travel cheaper within the region.

African Consumers Grow Despite Inflation

In a cafe on the terrace of an upmarket Nairobi mall, well-heeled Kenyans sip coffee as shoppers in the car park navigate between BMW X5s, Toyota Land Cruisers and Mercedes. Sales at this Java House outlet along the Ngong Road were up last year, says Kevin Ashley, a Californian who co-founded the chain of 14 coffee houses 13 years ago. Kenya's rich and new middle classes have a growing taste for lattes and ice cream.

2012 a Turning Point for kenyan Economy Says World Bank

The World Bank says that 2012 could prove to be a 'defining year' for the Kenyan economy if she can overcome political obstacles in her path. Following the launch of the latest Kenya Economic update, a WB report says that despite facing challenges including national elections, the establishment of a new system of devolved government and the possibility of a deteriorating global economy, that the "surging" information and communications technology field could boost the performance of a number of sectors, including transportation, agriculture and infrastructure.