Why Social Media Freedom is Facilitating Easy Spread of Fake News

The World Economic Forum released a report in 2013 dubbed Digital Wildfires in a Hyperconnected World, which, among many other things noted that “digital wildfires” or digital misinformation could wreak havoc in the society. This is what the world is experiencing today; fake news. The report posited that the misuse of an open and easily accessible system and the greater danger of misguided attempts to prevent such outcomes would only serve to worsen the case. The definition of fake news varies often depending on the context. In fact, many people nowadays…

Dangote Industries shows its commitment to empowering Africa

A new branded content campaign on CNN TV, digital and social media platforms is showing global audiences some of the many ways that Dangote Industries is impacting people in African communities and industries.   The ‘Touching Lives’ campaign, which starts airing on TV this month, has been conceived and developed by CNN International Commercial’s award-winning branded content studio Create as part of the extended partnership between Dangote Industries and CNN. Announced last year, the partnership also includes sponsorship within CNN Marketplace Africa and Dangote being the first African brand to…

StanChart shifts focus to youth as it launched new community investment strategy

Kariuki Ngari, CEO Standard Chartered Bank Kenya. Through its Futuremakers programme, the Bank’s global ambition is to raise USD50 million and build the entrepreneurship capability of 50,000 micro, small businesses Standard Chartered Bank has launched a new community investment approach that focuses more on youth empowerment through education, employability and entrepreneurship opportunities. The new social investment strategy dubbed Futuremakers seeks to build on the community impact and achievements of Seeing is Believing, the Standard Chartered Marathon mantra. “More than 20% of Kenyans are youth, yet the economic opportunities to finding…

Hass Consult banks on Riverside Drive for its mixed-use development

Hass Consult unveiled niche development Riverside Square, spanning 250 apartments, offices, boutique stores, infinity pools, gyms and open-air leisure facilities, on Riverside Drive, which it selected as the emerging hub of Nairobi’s wealthy Bohemian class, the BOHOs. “As development managers, we have led the way in financial models and market positioning in Kenya for over two decades. During that time, the real estate market has become more sophisticated, to the position, by 2019, where only carefully thought through investments with clear and under-served target markets now sell rapidly,” said Sakina…

Africa is facing housing crisis, Shelter Afrique says

Majority of African countries are facing a housing crisis as a result of high population growth, increased urbanization and low supply of affordable housing, the Pan-African housing development financier, Shelter Afrique, has said. Speaking in Nairobi at the inauguration of Karibu Homes, a low-cost housing project financed by the organization, Shelter Afrique Chairman Daniel Nghidinua said the situation is compounded by lack of affordable housing finance, high cost of urban land and weak tenure security, rising construction costs, and rapid growth in slums. The company is now calling for a…

Tatu City and Equator Energy deliver first solar power plant

Tatu City has installed its first solar power plant in partnership with Equator Energy, to generate renewable energy for the city. The installation comprises of 2,880 solar modules that have been mounted on 5,700 square meters of roof space at Dormans Coffee’s global headquarters at Tatu Industrial Park. The plant is expected to produce 1.4 million kilowatt-hours per year, the same amount of energy consumed by 8,500 people. The installation is in line with Tatu City’s long-term commitment to environmental conservation through harnessing renewable energy sources. The solar power plant…

Tenant purchasing schemes to help reduce housing deficit

Experts are calling for more strategic support to Kenya’s home ownership market. According to a recent report by the World Bank “Kenya Economic Update: Housing Unavailable and Unaffordable” the housing deficit in Kenya stands at 250,000 housing units annually. With a constantly growing population, the deficit can only get worse. The Vision 2030 social pillar on housing seeks to attain an adequately and decently-housed nation in a sustainable environment. “The stand on bank interest rates capping remains unresolved. This has made banks apprehensive in granting of loans and mortgages. Consequently, house…

The new trends driving private infrastructure investment in emerging markets

A according to a recent report by PwC which identified a number of themes likely to guide investment in a world where politics, technology and markets are changing fast; shows over US$4.5tn a year will be spent on infrastructure between now and 2020. The five themes include investors broadening their horizon, new political leadership unveiling ambitious goals, future-proofing against obsolescence, and sustainable infrastructure for the long term, commodity-rich regions prioritizing infrastructure among others. Of these themes, I think three are particularly relevant, with each having its own specific drivers and…

What to consider before investing in any rental property

Are you thinking about investing in property? It may seem easy, however there are a number of points to consider before you dive into a long-term commitment, to ensure security, success and a strong return on investment. Global real estate portal, Lamudi explores the top 10 things to keep in mind when searching for the perfect rental property. The neighborhood The first thing to consider is the location of your investment. Buying a house in a high-end neighborhood will attract wealthier tenants, while investing in a property in a university…

Fadhili Retirement Village, Caring for the elderly

Superior Homes Kenya Plc, a property developer and the pioneers of the open plan gated community concept in the region has embarked on a new concept to ensure the elderly citizens are well cared for under their new project dubbed “Fadhili Retirement Village”. The idea of Fadhili Retirement Village came about after the developer realized that the care options for the aged were limited as well as overwhelming. This project broke ground in 2018 and when completed will become Kenya’s first custom designed assisted living facility. The development that has…