Hong Kong venture capital firm opens Africa base in Nairobi

Hong Kong based investment incubation firm- Nest- opened its first office in Africa, in Nairobi.

The venture capital firm is seeking to provide access to funding and making introductions to successful entrepreneurs. The firm primarily targets investments that are typically seed or startup phase companies.

According to a statement from the firm, the office is its first in Africa and is expected to serve the entire continent.

The firm will be headed by Aaron Fu as the Managing Partner in Africa. Mr Fu was previously Standard Chartered Bank’s head of digital banking in Africa where he spearheaded the financial institution’s digital sales framework across the continent.

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Kenya has been #1 destination in East Africa for private equity investments over past seven years

Kenya continued its dominance in the region’s private equity industry with the country accounting for more than 60 per cent of private equity deals recorded in the East African region.

For the seventh year running, Kenya outpaced Tanzania, Ethiopia, Rwanda and Uganda to become the foremost preferred destination for investors, cementing the country’s position as a leading destination for foreign direct investment on the continent.

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By the year 2018, more than 223 new shopping centres are expected to be opened across the continent and the total surface area (GLA), excluding South Africa, is expected to reach 10 million m² by the year under review.

According to Sagaci Research, a market intelligence firm dedicated to African markets, these new malls openings will provide more store opening opportunities for retail brands, especially in Egypt, Morocco, Nigeria, Kenya, Ghana, Angola, Zambia, Mozambique and Namibia where a large number of new malls are expected to open in the coming years.

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China Int’l Block and Brick Exhibition 2015 (BBE2015)

Waste Recycling Machines Popular on BBE2015

Since waste recycling becomes an irresistible trend on construction market, a number of powerful research & design teams and construction units have carried out waste resource studies at different levels, and have achieved fruitful results, according to the analysis of global resource information.

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