CityBlue Hotels unveils Le Mirage Residences in Nairobi
CityBlue Hotels and SMB Properties have partnered to launch the 256-unit Le Mirage Residences by CityBlue in Nairobi.
The development will introduce a new paradigm of upscale residential living, with Le Mirage Residences by CityBlue set to become one of Nairobi's tallest and most iconic towers.
The partnership, announced at the Future Hospitality Summit Africa in Cape Town, combines SMB Properties' expertise in crafting exquisite residential spaces with CityBlue Hotels' renowned hospitality management.
The development will feature luxurious 1, 2, 3, and 4-bedroom apartments, complemented by an extensive array of 22+ world-class amenities, including Kenya's highest rooftop infinity pool, full-service spa, gym, squash and pickleball courts, private cinema lounges, and dedicated children's play areas.
As Kenya is emerging as a prime investment destination in Africa, Le Mirage Residences by CityBlue presents a unique opportunity for investors to be part of this growth.
'This partnership demonstrates commitment to a relentless quest for footprint in key African markets and diversifying our offerings beyond traditional hotels,' said Jameel Verjee, CEO of CityBlue Hotels.
'Nairobi's dynamic real estate landscape presents a unique opportunity to blend our expertise in hospitality with SMB Properties' vision for luxury residential development. Le Mirage Residences by CityBlue will deliver the signature CityBlue experience, ensuring comfort, convenience, and unparalleled service for our residents.'
Taher Saleh, Managing Director of SMB Properties added, 'Le Mirage Residences by CityBlue represents the pinnacle of luxury and architectural innovation in Kenya. We are proud to collaborate with CityBlue Hotels, a brand synonymous with excellence in hospitality, to create a landmark that will stand as a beacon of modern living in Nairobi. This project is a direct response to the growing demand for high-end residential properties in Kenya, and we are confident that its prime location, superior design, and comprehensive amenities will set new benchmarks in the market.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
42 minutes ago
- Zawya
Using personal loans to fund a business: What South Africa entrepreneurs should know?
An increasing number of South Africans are turning to personal loans to fund business ventures, according to Nedbank. While this approach may seem accessible, experts warn it carries significant risks if not backed by a solid financial plan. Wendy Beaumont, executive for unsecured Lending at Nedbank, says personal loans can work for certain entrepreneurs—particularly those with stable incomes and minimal debt—who want to finance early-stage operational needs. However, she cautions that using personal loans for untested business ideas or high-capital ventures could lead to long-term financial strain. 'The ideal scenario is when your current income is stable enough to cover repayments even before your business starts generating profit,' says Beaumont. She notes that individuals already managing debt should be especially cautious. A personal loan adds another monthly obligation, which can affect credit scores and household budgets if the business fails to generate returns. When personal loans make sense Personal loans may be suitable for modest capital requirements—such as buying equipment or covering start-up costs—where the business case is proven, and personal finances are healthy. Beaumont says loans are best used to fund clear, realistic plans rather than high-risk ideas. Alternatives to consider Before applying for a personal loan, aspiring entrepreneurs should explore alternatives such as: - Personal savings - Support from family or friends - Government grants or supplier development programmes - Reinvested business profits These options may reduce the size of the loan required or offer more favourable repayment terms. Borrow with a plan Beaumont advises borrowers to keep personal and business finances separate, understand the total cost of borrowing, and prepare conservative budgets with contingencies. 'Taking a personal loan for a business is not about funding a dream,' she says. 'It's about funding a plan.'
Zawya
an hour ago
- Zawya
#YouthMonth: Avian Bell wants to make healthcare inclusive, impactful across Africa
Quantumed's CEO Avian Bell was recently named one of Forbes Africa 's 30 under 30. With a focus on sexual healthcare, personal wellness and safety education, the young CEO is determined to make healthcare more inclusive and impactful across the continent. Following the 2025 Youth Day commemoration, he talks about overcoming obstacles, his impact on future generations and what young people of today can learn from the youth of 1976. You were recently featured in Forbes Africa's 30 under 30 list. Firstly, congratulations! Secondly, how does it feel to be recognised for your efforts? Thank you – it's been an incredibly humbling experience and an honour. This recognition isn't just about me; it's a spotlight on the work we're doing at Quantumed to make healthcare more accessible and impactful. It validates the risks we've taken and the purpose driving our mission. What makes you stand out from other young people in the public healthcare sector? I focus on scalable, practical solutions. At Quantumed, we bridge the gap between innovation and accessibility – bringing essential health tools into communities that need them most, without losing sight of sustainability, impact and relationship-oriented service. What sort of challenges, if any, are there for young people in the public healthcare sector? How have you overcome them? Funding, being underestimated because of age and regulatory red tape are probably the biggest common hurdles we collectively share. I've overcome them by staying persistent, building a strong loyal support network and letting results speak louder than age. Admittedly, the regulatory red tape is still a thorn in my side, but we will get there. What kind of impact do you hope to leave for future generations in the industry? I hope to leave a blueprint – a path that shows young Africans they can lead, innovate and succeed in healthcare without compromising ethics or vision. If I've helped open that door and even lead the way, I've done my part. How can the industry help to alleviate the growing unemployment rate? Public healthcare is full of opportunity. By supporting local manufacturing, health education, small enterprise development and reducing the red tape will definitely help generate jobs while improving public health outcomes, it's a win-win. Finally, what can the youth of 2025 learn from the youth of 1976? Don't be afraid. They taught us that courage has no age, courage creates new pathways and courage writes the future. Their fight gave us the freedom to build and has allowed us to pave a way where we can all work together. Now, it's our turn to lead with purpose and create the future they dreamed of, and I have no doubt that the youth of today is the youth that is making this happen. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
Zawya
an hour ago
- Zawya
South Africa gains access to $1bln green industry fund to accelerate industrial decarbonisation
South Africa has been selected as one of seven emerging economies to benefit from a $1bn concessional financing programme aimed at decarbonising heavy industry and supporting green economic development. The funding, made available through the Climate Investment Funds' (CIF) new Industry Decarbonization Investment Programme, positions South Africa to unlock significant opportunities in clean energy, low-carbon manufacturing, and circular economy innovation. The CIF initiative—described as the world's first large-scale concessional fund focused on decarbonising industry—targets high-emitting sectors such as steel, aluminium, cement, and chemicals. Alongside South Africa, other beneficiary countries include Brazil, Egypt, Mexico, Namibia, Türkiye, and Uzbekistan. Catalysing industrial transformation This funding comes at a pivotal time for South Africa, which is seeking to balance its global decarbonisation commitments with a just energy transition that safeguards jobs and economic growth. The CIF programme will work closely with multilateral development banks (MDBs) and the private sector to co-develop national investment plans. These will prioritise technologies such as green hydrogen, waste-heat recovery, low-carbon materials, and carbon capture and storage. The concessional nature of the finance makes the programme particularly attractive to the private sector. It allows for up to 100% funding of projects, with at least 50% of investment guaranteed. According to CIF, each dollar of concessional capital is expected to mobilise an additional $12 in public and private co-financing, potentially catalysing more than $12bn in total investments across the seven countries. Implications for the local market South Africa's inclusion is expected to accelerate the rollout of flagship initiatives such as the SA-H2 fund—a $1bn blended-finance platform launched in partnership with Dutch and Danish investors to support green hydrogen infrastructure. The CIF programme may also support decarbonisation pilots in South Africa's hard-to-abate sectors, particularly mining, cement, and steel, which together contribute significantly to national emissions. For South African financiers and industrial players, this opens up a pipeline of bankable projects, many of which will require strong public-private partnerships, rigorous environmental criteria, and scalable technology platforms. Furthermore, the emphasis on circular economy models presents new avenues for innovation in industrial waste reuse, energy efficiency, and material substitution. A Just Transition focus CIF's chief executive officer, Tariye Gbadegesin, emphasised that the programme is not just about reducing carbon emissions, but about building long-term industrial competitiveness and resilience. As such, the initiative includes a strong focus on social safeguards and workforce reskilling to support communities dependent on carbon-intensive industries. This aligns with South Africa's Just Transition Framework, which advocates for inclusive development and community protection as the country shifts toward a low-carbon economy. Stakeholders will need to ensure that decarbonisation projects integrate training programmes, job-placement mechanisms, and stakeholder engagement strategies from the outset. Strategic outlook As global value chains become increasingly green and regulated, access to CIF funding provides South Africa with a critical lever to modernise its industrial base and retain relevance in export markets—particularly in the EU, which is tightening carbon border measures. The next steps involve co-designing South Africa's national investment plan in consultation with MDBs and private-sector partners, followed by project rollouts that will likely begin in 2026. For financiers, developers, and corporate leaders, this marks a strategic opportunity to engage in scalable, socially responsible green industrialisation. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
