Market News
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Hyatt and Hilton to Increase Scale of Operation in Africa as Industry Booms
Posted on :Saturday , 6th January 2018
Two of the world’s elite multinational hospitality companies, the Hilton Worldwide Holdings and Hyatt Hotels & Resorts have announced their plans to expand their operations across the African continent. Hilton has devised a plan that will see them invest $50m in a five-year period and add 100 hotels. . .
McDonald's Set to Enter Kenyan Market in 2018
Posted on :Wednesday , 18th April 2018
McDonald's will soon be latest food brand to enter the Kenyan market with its first outlet anticipated to be in the capital city of Nairobi. This comes when numerous other global brands like Subway and Kentucky Fried Chicken (KFC) have effectively established themselves in the country.
McDonald's have decided to enter the Kenya market, at a time when a number . . .Local production of Captain Morgan Rum by EABL
Posted on :Wednesday , 18th April 2018
East African Breweries Limited (EABL) has begun brewing Captain Morgan Gold at its Ruaraka distillery in Nairobi as it looks to take advantage of the developing business sector of spirits consumers.
The local brewer, which has up until now been bringing in the rum produced by its parent firm Diageo, is presently creating the top notch spirit in the 250ml bottl. . .Youth in Agribusiness the Focus of EU-Africa Business Forum
Posted on :Wednesday , 29th November 2017
The sixth EU-Africa Business Forum took place in Abidjan, Côte d'Ivoire on Monday. "Investing in Job Creation for Youth", was the focal topic at the occasion this year.
African Development Bank Group President Akinwumi Adesina took part at the event and spoke extensively at a high level forum at the occasion. He called for a new thinking . . .Kenya to Benefit from New Multi-Million Dollar Food Security Drive
Posted on :Wednesday , 18th April 2018
Kenya will be one of the beneficiaries of a new Ksh 3 billion (US$280 million) undertaking, which will aim to increase incomes and improve food security of 30 million farming households.
This partnership has been named, ‘The Partnership for Inclusive Agricultural Transformation in Africa (PIATA), was launched at the 2017 African Green Revolution (AGRF) by four organiz. . .
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