Kenya bets on rail transforming East Africa, makes biggest ever investment
Africa might be a century behind the Western curve, but visionary leaders are starting to make the same bets which transformed the world’s dominant economies.
Nairobi
Pope blasts Africa’s “entrepreneurial politicians” – by his humble example
In actions and words on his first tour of the world’s poorest continent, Pope Francis has sent a message to African leaders that they could do with less pomp and a bit more humility.
Africa Stalling: Nestle’ cutting staff 15%, aborts proposed expansion plans
One of Africa Rising’s most vocal cheerleaders, food and drinks multinational Nestle, admitted to the Financial Times of London it significantly over-estimated the continent’s near-term growth potential.
Nairobi becoming a serious Africa HQ alternative to Joburg – ask GE
General Electric, one of the US’s great industrial companies, appears to have taken a similar view to Singularity University’s ‘zoom in, zoom out’ strategy, when deciding to locate its African HQ in Nairobi rather than Sandton.
Paul Clark: Africa always brings something new – a worthy investment opportunity
Investors should consider the exciting investment opportunities on the continent of Africa, as these can offer diversified and high growth investments and, after all, Africans themselves are already investing there.
Kenya’s Mobius Motors starts production on a car for Africa
On the edge of Kenya’s capital, two doors down from a gleaming display of luxury Porsche’s, Mobius Motor’s offers Africa’s answer to the continent’s roads.
What price the rape of a child? In Kenya, impunity can be bought with a goat
Ayaimba couldn’t believe it when a man walked into her office, two days after being arrested for raping his 3 year old daughter, demanding she be returned.
GE to start building 100 MW wind farm in Kenya
General Electric (GE) plans to begin construction of a 100 MW wind power farm in Kenya early next year and expects it to be up and running within 18 months after that, a company executive said on Thursday.
Kenya seen jumping ahead in World Bank business survey
Kenya could “leapfrog” ahead in the rankings of a World Bank survey on ease of doing business thanks to a drive to cut red tape, a leading business group said on Wednesday, after a relatively disappointing result this year.
Kenyan girls trading sex for food
When one of her mother’s drunken customers, in the one-room drinking den that doubles as their home in Nairobi, offered her a boiled egg in exchange for sex, she agreed