2023 was a critical year. The world’s economy was highly shaken with fears of recession across the globe. The Kenyan shilling experienced a huge blow and closing at 155 shilling against the US Dollar is a clear indicator of the higher degree of stability of Kenya’s economy. But despite the economic uncertainty, Kenyans and the world remain steadfast in seeing a better 2024
The Kenyan coastal region offers a unique blend of economic opportunities, natural beauty, and a desirable lifestyle. Real estate companies strategically target this area to tap into the growing demand for tourism-related properties, commercial spaces, and coastal residences. As infrastructure development continues to enhance the region’s appeal, the trend of coastal real estate investment is expected to persist.
Electric mobility discussions have lately taken center stage in many countries across the globe. Electric mobility is becoming a better choice than other energy sources, including geothermal, hydro, and wind, as it has minimal emissions. Electric vehicles represent the next frontier for the African automotive market. Kenya, which is predominantly known for petrol/diesel-powered vehicles, is slowly warming up to electric mobility.
Thriving in business during economic storms requires a proactive and adaptable approach. While challenges are inevitable, they also present opportunities for growth and innovation. By focusing on resilient financial management, customer-centric strategies, agility, cost optimization, strategic alliances, employee engagement, and risk management, businesses can weather economic storms and emerge stronger and more competitive in the long run.
Climate change’s impact on the economy is multifaceted, encompassing both challenges and opportunities. While it poses risks such as reduced agricultural productivity, increased health costs, and property damage, it also offers economic growth, innovation, and sustainability prospects.
Kenya’s economic landscape is undergoing a profound transformation, sending ripples through the business world and reshaping the strategies of entrepreneurs and importers alike.
A seismic shift is underway as the Kenyan shilling experiences an unprecedented decline of nearly 50% against the mighty US dollar in just under 50 months.
The holidays are upon us. Schools are closed, and parents are looking for things to keep their school-going children engaged. The best news is that Nairobi is home to many fun places you can visit with your whole family.
The coworking space market cannot be stopped. Their popularity is rising, and we cannot deny that coworking spaces are here to stay. Coworking spaces are popular for good reasons.
They are a budget-friendly option for new and small businesses and play a key role in helping coworkers replicate a sense of community they could be missing from a traditional office.
In today’s hyper-connected world, leveraging technology is no longer an option but a necessity for businesses aiming to achieve substantial growth. Embracing digital transformation, utilizing big data and analytics, and enhancing customer engagement are vital strategies to stay ahead of the competition.
The number of freelancers is still on a steady rise. Additionally, the startup market is booming, and entrepreneurs are leaning toward shared spaces instead of traditional offices. So whether you are a solo entrepreneur, freelancer, a small business, or simply looking for a conducive environment to boost your productivity, here is a list of Nairobi’s best collaborative office spaces worth considering.
Coworking spaces are growing in popularity, thanks to their market dynamics that offer flexible and affordable options for individuals and teams. They are expanding beyond traditional metropolitan areas as their operators focus more on building communities.