Proparco and Ascent Rift Valley Fund Acquires Majority Equity stake in Diani Beach Hospital Limited

Proparco, France’s development finance institution and Ascent Rift Valley Fund II, a leading East African private equity fund are pleased to announce the acquisition of a majority equity stake in Diani Beach Hospital Limited (“DBH”), the leading healthcare provider on Kenya’s South Coast.   On Proparco’s side, the investment is made under the FISEA+ initiative, a high-impact investment facility dedicated to supporting MSMEs in Africa owned by Proparco’s parent company, the French Development Agency (“AFD”).   Founded as a 10-bed private hospital in 1997, Diani Beach Hospital is today the…

Lack of welfare studies on captive breeding exposes lions to undocumented cruelty

There is a major scientific gap of animal welfare studies focusing on captive lions housed in commercial farms in South Africa. This has been revealed in a joint scientific study published earlier this month by World Animal Protection and Blood Lions. “With a substantial captive lion industry of more than 350 commercial facilities holding between 8,000-10,000 lions and the complete absence of scientific welfare studies in that industry, we are in the dark in terms of the extent and nature of the welfare issues we are dealing with. The many atrocities found by the National Council…

Sarova Hotels & Resorts Wins 2020 World Luxury Hotel Award.

Sarova Hotels and Resorts, Kenya’s first indigenous hospitality company has this year clinched top accolades at the 14th edition of the World Luxury Hotel Awards for outstanding service in the Industry. Sarova Whitesands Beach Resort & Spa clinched the best Luxury Family Beach Resort in the region while Sarova Mara Game Camp won the best Tented Safari Camp at the world’s most prestigious and exclusive awards which recognize the best facilities and service quality the hotel industry has to offer. The region’s leading Hospitality Group which is committed to hospitality…

Sarova Experience: It is Migration Season in Kenya

It is Migration season, and tourism enthusiasm now revolves around the Great Wildebeest Migration, but you could choose to spend your time at the Kenyan coast and marvel at how a 15-meter long and 30 ton humpback whale creates massive splashes as they jump out of the Indian Ocean waters before splashing back in with a rhythmic swim. In what is known in Kenya as a Twin Migration, wildebeest and the humpback whales migrate between the months of June to October marking a unique wildlife phenomenon that incorporates both the…

Air 034 The Pride of Kajiado: The novel aircraft restaurant set to change the clubbing landscape in Kajiado.

Flash Mwatha, the Marketing Manager of Air 34 the Boeing 707 facility. It is quite the total Boeing 707 aircraft awaiting takeoff until you enter the inside the big bird now soaring the skies of hospitality in the lush greens of Kitengela. Kitenga Town has had the unprecedented pride of hosting what is probably Kenya’s first entertainment joint, Air 034 The Pride of Kajiado, aboard an aircraft thanks to Kenyan creativity & ingenious enterprise. “This dream entertainment joint was born out of trip to Thailand where an entrepreneuring Kenyan who…

Grocery chains now adapting to capture new markets.

With an increasing demand for customer-centric service and changing customer behavior, Kenyan supermarkets are having to redesign and rethink their strategies in order to survive. Willy Kimani, the Chief Commercial Officer of Naivas Supermarkets, speaks about the evolving customer base, “The Kenyan customer is changing; it is right now more informed. The customer has now become more complex, he is demanding more.” Around two-thirds of Kenyans buy their groceries in traditional markets or smaller stores and kiosks. Bryan Sun, Nielsen Africa Managing Director, explains how this creates the potential for…

FUJIMORI, THE BARINGO MAN WHO SERVES KORIEMA MEAT TO NAIROBIANS

In his hometown, the dusty village of Kapluk Sub-Location in Kerio Valley in Baringo County, where he attended his primary and secondary school they fondly call him Fujimori- a nickname he inherited from former Peru President owing to his love for history and quick grasp of political events. He is, in their eyes, a hardworking son whose thirsty for success in life took him miles away to the coastal city of Mombasa two decades ago. And upon his return from a journey he started literally with nothing, had to his…

Nestlé recognized in 2020 Bloomberg Gender Equality Index

Nestlé has been recognized in the 2020 Bloomberg Gender Equality Index (GEI) for its transparency in gender reporting and advancing women’s equality. This underscores Nestlé’s efforts to empower women across its value chain and to provide equal opportunities to all its employees. The GEI reference index measures gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies and pro-women brand. Nestlé’s programs on diversity and inclusion continue to be industry-leading across the majority of these pillars. “We are honored to be…

Cytonn opens serviced apartment complex targeting business and leisure travellers.

Cysuites Apartments   Cytonn Investments has officially opened CySuites Apartment Hotel, the latest offering under its Private Equity arm. Cysuites is a serviced apartment complex with 32 two- bedroom apartments, 6 one- bedroom apartments and two penthouses that offer contemporary living and working spaces. “Our foray into Serviced Apartment Hotels is backed by thorough market research. Demand for serviced apartments continues to grow, evidenced by occupancy rates of up to 88%, according to our latest research data. Serviced apartments command very strong rental yields of about 12%, compared residential yields…