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Staff Writer

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Despite ongoing regional and global headwinds, Africa continues to demonstrate impressive resilience and maintains its status as a global growth frontier. This is the headline finding of the 2026 Africa Macroeconomic Performance and Outlook (MEO) report, released by the African Development Bank Group (www.AfDB.org) on Monday 30 March 2026 at the Bank Group headquarters in Abidjan. The report underscores that Africa outpaced the global average in 2025 as real GDP surged to 4.2 percent, up from 3.1 per cent in 2024, comfortably eclipsing the 3.1 per cent world average. A key finding in the report is the "broad-based" surge, with growth exceeding 5 per cent in 22 African countries, and topping 7 per cent in six, bolstered by easing inflationary pressures, improved macroeconomic management and favourable agricultural conditions. Other highlights include: Africa's real GDP growth is projected to stabilise at 4.3 percent in 2026 and grow further to 4.5 percent in 2027. 12 of the 20 fastest-growing economies in the world in 2025 were African. In 2025, East Africa maintained its lead as the continent’s fastest-growing region (posting 6.4 percent GDP growth), with its expansion driven by the surge in growth performances of 9.8 per cent in Ethiopia, 7.5 per cent in Rwanda, and 6.4 per cent in Uganda. Africa’s GDP per capita growth rose from 0.9% in 2023 to 1.1% in 2024 and 1.9% in 2025, but still remains too low to propel rapid poverty reduction. Inflation is declining, with average inflation estimated at 13.6 percent in 2025, down from 21.8 percent in 2024; further reductions are projected for 2026 and 2027. Foreign direct investment rebounded sharply in 2024, rising by more than 75% to reach $97 billion. Remittance flows rebounded strongly in 2024, rising by more than 14 percent to $104.6 billion—offsetting the 6 percent decline recorded in 2023 and making remittances the largest single source of external non-debt financing, surpassing foreign portfolio investment. In his high-level remarks at the launch, the President of the African Development Bank Group, Dr Sidi Ould Tah, underscored that the continent faces an "important moment when the world is changing, not always in favour of the African continent." Citing a difficult landscape of increasing geopolitical fragmentation, trade tensions, and declining global development finance flows, Dr Ould Tah positioned the Bank Group's Four Cardinal Points agenda as a vital strategic shield, explaining that "each one speaks directly to the challenges this Macro Economic Outlook report has identified and quantified." In light of recent developments in the Middle East, Dr Ould Tah noted that the 2026 MEO analysis and projections "were prepared before the current crisis" began. He added that the Bank Group and partners, including the United Nations Development Programme are currently assessing the potential consequences of the crisis on the continent. In his detailed presentation, the Bank Group Chief Economist and Vice President for Economic Governance and Knowledge Management, Prof Kevin Urama, expressed optimism that the current crisis would have a limited impact on Africa's macroeconomic landscape in 2026. "Africa has held strong in previous shocks, and has the capacity to bounce back after, provided we do not panic and we instead apply the right policy levers," he said. "In our estimates, if the crisis lasts beyond three months, it might cause a dip of 0.2 percentage point in Africa's economic growth rate in 2026." An expert-led panel followed the presentation and explored the report's findings and policy recommendations aimed at sustaining growth, strengthening financial systems, and mobilising development finance at scale. Panellists included Souleymane Diarrassouba, the Minister of Planning and Development of Côte d'Ivoire; Augustine Kpehe Ngafuan, Minister of Finance and Development Planning of Liberia; Prof Mthuli Ncube, Minister of Finance of Zimbabwe; Dr Retselisitsoe Matlanyane, Minister of Finance and Development Planning of Lesotho; and Mrs Aminata Toure, the International Monetary Fund Resident Representative for Côte d'Ivoire. The panelists emphasised the importance of sustaining reforms linked to domestic resource mobilisation, including deepening local equity and fixed-income markets, and scaling digitalisation efforts to improve the efficiency of tax collection. They also shared success stories from ongoing reforms in their respective countries. A consensus emerged that Africa's experiences with shocks can position the continent to draw on valuable lessons to weather current and future challenges. The African Development Bank Group publishes the Macroeconomic Report biannually to complement its annual Africa Economic Outlook. Dr Ould Tah described the series as a demonstration of "the Bank's commitment to provide our member countries, our partners and our investors with the most rigorous, timely and actionable analysis."
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The Ascott Limited (www.DiscoverASR.com), the wholly owned lodging business unit of Capital and Investment (CLI), has announced the signing of Citadines Westview Nairobi, a 160-key hotel located in the capital’s established Kilimani district. The new property will complement the existing 162-key Somerset Westview Nairobi serviced apartments, forming a strategic dual-brand offering that enhances Ascott’s ability to serve both short- and extended-stay demand across a broader range of traveller segments. Scheduled to open in the first quarter of 2028, Citadines Westview Nairobi is designed to cater to a growing mix of both corporate and leisure travellers as well as the meeting and conferences demand. Reinforcing Nairobi’s Role as a Regional Business Hub Nairobi continues to strengthen its position as a key regional business and investment hub, supported by growing corporate activity, infrastructure development and increasing international connectivity. This is driving sustained demand for high-quality, flexible accommodation that caters to both short-term and extended stays. The signing reinforces Ascott’s commitment to expanding in high-potential urban markets and builds on its existing footprint in Kenya, where it currently operates Somerset Westview Nairobi, with additional properties in the pipeline. Part of Ascott’s Broader Africa Growth Strategy The Nairobi signing forms part of Ascott’s broader expansion across Africa, where the company has secured 10 signings over the past year. Once fully operational, these will expand its portfolio from two properties today to 23 properties with over 2,800 units across 10 cities in eight countries by 2028. In addition to Kenya, Ascott is growing its presence in key markets including Morocco, Nigeria and Ethiopia, where two properties are slated to open in Addis Ababa’s Bole district, further strengthening its footprint in East Africa. Vincent Miccolis, Managing Director for Middle East, Africa and Türkiye, The Ascott Limited, said: “Nairobi is one of Africa’s most important commercial and lifestyle hubs, with strong fundamentals supporting continued growth in hospitality demand. This signing reinforces our commitment to the Kenyan market and reflects our focus on expanding in cities where we see sustained demand from both business and leisure travellers. We are honoured to further strengthen our partnership with Britam on this development, bringing together strong institutional investment and Ascott’s global operating expertise. By introducing Citadines alongside Somerset, we are able to offer a broader range of accommodation options that cater to different guest segments, while maintaining the quality and flexibility that define our brands.” Ambrose Dabani - CEO & Principal Officer Britam Holdings PLC, said: “This investment reflects our long-term confidence in Nairobi as a key economic and commercial hub in the region. We are focused on high-quality, resilient assets that deliver sustainable value over time. Partnering with Ascott allows us to combine strong real estate fundamentals with an experienced global operator, ensuring the development is well positioned to meet evolving demand for professionally managed accommodation in the market.” Designed for Modern Urban Living Citadines Westview Nairobi will offer a mix of well-balanced hotel rooms, studios and one-bedroom apartments, supported by a comprehensive range of amenities including food and beverage outlets, meeting and conferencing facilities, a swimming pool, and a fully equipped gymnasium. The F&B offering will complement the Somerset Westview Nairobi’s Jabu rooftop bar and La Mascotte restaurant, contributing to a more vibrant and integrated lifestyle destination within the development. Strategically located adjacent to Somerset Westview Nairobi in the prime Kilimani district, the property offers seamless access to Nairobi’s key business hubs and lifestyle destinations, providing guests with the flexibility and convenience for a comfortable stay, whether travelling for business or leisure, on short or extended stays.
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Ascott expands in Nairobi with new Citadines signing, reinforcing the city’s...

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Wingu Africa (www.Wingu.Africa), the pioneering specialist provider of carrier-neutral, Tier III-standard data centres in East Africa, has announced the launch of the Wingu Cloud Exchange (WCX), a new private cloud platform tailored specifically for East African businesses and now available in Ethiopia. With WCX, Ethiopian organisations can keep their data securely within the country, ensuring compliance with local regulations and protecting sensitive information. For businesses, this enables faster access to services, improved operational efficiency, and reliable support through locally optimised infrastructure. Demos Kyriacou, Deputy CEO, COO and Co-founder of Wingu Africa, said, “WCX is a game-changer for African businesses. We are delivering secure, compliant, and scalable cloud solutions built specifically for local needs. With this platform, we are setting a new standard for digital infrastructure in the region and accelerating Ethiopia’s transformation into a digitally enabled economy.” WCX brings together essential cloud services such as computing, storage, container management, and security, making advanced technology accessible to companies of all sizes. Enterprises can scale operations on demand, pay predictable prices in local currency, and avoid the uncertainties of foreign exchange or hidden fees. This gives businesses clarity in planning and the freedom to grow without constraints. The platform offers a full range of services, including Wingu Compute, Wingu Kubernetes, Wingu Drive, and Wingu Security, enabling businesses to deploy, manage, and secure applications with confidence. The platform also integrates seamlessly with existing on-premises systems and complements global providers such as Azure and AWS, offering customers flexible hybrid options tailored to their operational requirements. The launch of WCX highlights the company’s commitment to advancing Ethiopia’s digital transformation and strengthening the region’s cloud infrastructure. By delivering locally relevant solutions, Wingu Africa supports sustainable growth and inclusive development, while addressing customer demand for simplicity, reliability, and predictability in cloud adoption.
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Wingu Africa Launches Wingu Cloud Exchange in Ethiopia

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ityBlue Hotels, a member of The Diar Group, Africa’s fastest-growing local hotel chain, is pleased to announce a deal with Sands of Darakasi Resort Ltd for the development and operation of Oceara Residences by CityBlue, a landmark beachfront hospitality project in Watamu, Kenya. Set on an approximately 6-acre prime beachfront site with over 130 metres of direct ocean frontage, Oceara Residences by CityBlue is envisioned as a premier coastal destination combining resort living with branded residential offerings. The development will comprise of 200+ units, including studios, one-bedroom, and two-bedroom apartments, supported by an extensive range of lifestyle and leisure amenities. These will include multiple swimming pools, a beach club, restaurants, a spa, fitness facilities, and landscaped green spaces, positioning Oceara Residences by CityBlue as one of the most compelling mixed-use resort developments on the Kenyan coast. The project is currently in the development phase, with completion targeted for Q4 2029. The development will be fully integrated into the Residences by CityBlue platform, ensuring alignment with international hospitality standards, strong brand positioning, and access to regional and global distribution networks. Speaking on the sidelines of the Future Hospitality Summit in Nairobi, Jameel Verjee, CEO of CityBlue Hotels, commented: “Oceara Residences by CityBlue represents a significant milestone in the evolution of Kenya’s coastal hospitality market. We are proud to partner with Sands of Darakasi Resort Ltd to bring this vision to life, combining world-class hospitality expertise with a unique beachfront offering that will attract both investors and leisure travellers. Our focus is to deliver a high-performing, design-led destination that creates long-term value for all stakeholders.” The project reflects growing investor interest in branded residential and mixed-use hospitality developments in East Africa, particularly in high-growth leisure destinations such as Watamu. With its strong positioning and comprehensive amenity offering, Oceara Residences by CityBlue is expected to appeal to both regional and international buyers seeking a blend of lifestyle, investment, and hospitality-driven returns.
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CityBlue Hotels announces Oceara Residences by CityBlue in Watamu, Kenya

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The Diar Group in partnership with Staroot Real Estate, is pleased to announce a proposed collaboration to develop and operate Diani Residences by CityBlue, a landmark mixed-use residential and hospitality development in Diani Beach. The announcement will be unveiled at the Future Hospitality Summit Africa (www.FutureHospitality.com) taking place in Nairobi on 1 April 2026. Set on approximately five acres, the project is envisioned as a flagship lifestyle destination comprising between 400 and 500 contemporary residential units. The development will feature a thoughtfully curated mix of one-bedroom and two-bedroom apartments, designed to meet the evolving needs of both investors and end-users seeking high-quality coastal living experiences. The project will be branded under the Residences by CityBlue platform, leveraging the extensive experience of CityBlue in managing hospitality-led residential developments across Africa. Known for its operational excellence and performance-driven approach, Diani Residences by CityBlue is expected to be the benchmark for integrated living within Kenya’s coastal real estate market. The development will include multiple swimming pools, a fully equipped fitness centre, spa facilities, conferences and meeting spaces, children’s recreational areas, paddle courts, and curated food and beverage experiences. A signature restaurant concept will anchor the culinary offering, supported by flexible dining spaces designed to accommodate both casual and private dining experiences. Speaking on the proposed partnership, Jameel Verjee, Founder & CEO of CityBlue Hotels noted: “Diani continues to emerge as one of East Africa’s most attractive coastal destinations. This project represents an exciting opportunity to create a vibrant, hospitality-led residential community that delivers long-term value for investors while enhancing the destination’s global appeal.”
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CityBlue Hotels Announces Launch of Diani Beach Residences by CityBlue

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CityBlue Hotels, one of Africa’s fastest-growing hotel groups, has selected UK-based platform Inntelo AI to deploy AI-native concierge agents across its portfolio, marking a significant step in the group’s strategy to lead the next phase of hospitality innovation across the continent. The announcement will be unveiled at the Future Hospitality Summit Africa (www.FutureHospitality.com) taking place in Nairobi on 31 March 2026. The rollout represents one of the first scaled implementations of AI-native concierge agents in African hospitality, positioning CityBlue Hotels at the forefront of AI-driven transformation in the sector. Operating across Kenya, Rwanda, Tanzania and expected to open soon in Ghana, Uganda and Zambia, with additional strategic tie-ups in South Africa and Mozambique, CityBlue Hotels’ partnership with Inntelo AI comes amid continued growth in Africa’s tourism sector, supported by rising intra-African travel and increasing global demand for new destinations. As part of its broader digital strategy, CityBlue Hotels will deploy Inntelo AI’s platform to embed AI directly into hotel operations. The AI-native system coordinates guest interactions and service workflows in real time, enabling faster response times, improved task prioritisation, and consistent service delivery at scale, while allowing teams to focus on high-value, in-person guest engagement. The partnership also includes the development of educational programmes to advance skills, innovation, and AI adoption across Africa’s hospitality industry. Jameel Verjee, said: “CityBlue has always been focused on where our markets are going. As we scale, AI-native operations become essential to delivering consistency, speed, and quality across multiple geographies. “This partnership allows us to embed AI at the core of how we operate—supporting our teams in real time, reducing friction, and elevating the guest experience across every property. Just as importantly, we are shaping how AI is applied within an African context.” Asif Alidina, added: “CityBlue Hotels is exactly the kind of operator that defines where the industry is heading. Their focus on AI-native operations and scalable systems makes them a natural partner. “Together, we are deploying technology that is purpose-built for hospitality—combining conversational and agentic AI to support teams, enhance guest experiences, and set a new standard for modern hotel operations in Africa.”
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Africa’s fastest-growing hotel group CityBlue Hotels selects Inntelo AI to deploy...

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Mauritian listed business group ER Group (https://ERGroup.mu) has established a regional office in Nairobi, Kenya, and created a regional fund with equity partners to expand investment and partnerships across East Africa. The Group, created in 2025 through the merger of Mauritian business flagships ENL and Rogers, marks a new step in its regionalisation strategy by strengthening its presence in one of Africa’s most dynamic economic regions. Regional expansion is one of the pillars of ER Group’s ten-year strategy, set out earlier this year. In line with this roadmap, the Group, which is present in 17 territories worldwide, is accelerating its expansion in Africa through a measured approach focused on sectors it knows well. The priority is to grow in industries and countries the Group already operates, working with trusted partners to expand sustainably. Through this approach, ER Group aims to increase the contribution of international activities from around 15% of revenue today to 30% over the coming decade. East Africa has been identified as a priority region within this strategy, with Kenya, Tanzania, Zanzibar, Rwanda, and Uganda forming the first phase of expansion. To back this ambition, ER Group has created, together with equity partners, a regional fund of MUR 1 billion to accompany the expansion of its subsidiaries across Africa. The fund is designated to providing capital for growth, supporting selective investments and providing additional capacity to pursue opportunities in markets and sectors where the Group has established expertise. On the ground, ER Group has appointed Rasmus Bentzen as its regional representative in Nairobi. Bringing over a decade of experience in private equity and regional investment across East Africa, he will anchor the Group’s regional expansion agenda by identifying investment opportunities, developing strategic partnerships and supporting growth of its subsidiaries in Africa. Gilbert Espitalier-Noël, Group Chief Executive Officer of ER Group, said: “Regionalisation is a central part of our long-term strategy. We focus on markets where our businesses already have operational expertise and where partnerships can support sustainable growth. Establishing a regional office in Nairobi strengthens our ability to identify opportunities and support the expansion of our subsidiaries across East Africa.” As it accelerates its regional ambition, ER Group, one of Mauritius’s most profitable and diversified business groups, continues to combine strong financial performance with dedicated investment, giving it the capacity to support its expansion with discipline and long-term perspective. For the first half of FY26, the Group, listed on the Stock Exchange of Mauritius and included in its Sustainability index (SEMSI), reported: Revenue of MUR 23.2 billion ($492.7 million) EBITDA of MUR 6.4 billion ($135.9 million) Profit after tax of MUR 2.6 billion ($55.2 million) Operating margin of 26% Expected EBITDA FY26: MUR 12 billion ($254.8 million) The Nairobi presence, combined with the creation of dedicated regional investment capacity, marks the start of a more active phase of expansion for ER Group, building on its existing footprint and financial capacity to deepen partnerships and pursue opportunities across East Africa and the Indian Ocean region.
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ER Group chooses Nairobi to accelerate East African partnerships and investment

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Binance (https://www.Binance.com), the world’s leading cryptocurrency exchange, highlights the progress it continues to make in strengthening compliance and regulatory excellence, reinforcing its role as a pioneer in building a safer and more transparent crypto industry. Over the past years, Binance has invested significantly in enhancing its global compliance framework by expanding its teams, systems and controls that align with evolving regulatory expectations across its key markets. These ongoing efforts are designed to support responsible innovation while ensuring that user protection, financial integrity and market transparency remain at the core of the platform’s operations. Leading with Robust Compliance Measures Binance has implemented a multi-layered compliance program that includes advanced transaction monitoring, stringent Know Your Customer (KYC) protocols, and continuous enhancements to its anti-money laundering (AML) systems. These efforts are designed to protect users, prevent illicit activities, and ensure adherence to evolving regulatory requirements across jurisdictions. Building the Future of Crypto with Advanced, Measurable Compliance Over the past several years, Binance has built one of the most robust compliance programs in the digital-asset industry, combining world-class talent, advanced monitoring technology, and strong partnerships with regulators, law-enforcement agencies, and independent analytics providers. These programs include rigorous onboarding and KYC controls, sophisticated transaction monitoring systems, sanctions screening, behavioral analytics, and a dedicated global compliance team of more than 580 professionals, supported by more than 970 employees in compliance-related roles across customer-service, technology, and product teams. The results of these efforts are measurable: Binance’s direct exposure to illicit activity has dropped by 96% between January 2023 and June 2025, while its capacity to detect, report, and help disrupt financial crime continues to grow. Specifically, sanctions-related exposure reduced dramatically and is now marginal (from 0.284% in January 2024 to just 0.009% in July 2025, a 96.8% decrease). This progress reflects daily collaboration with authorities, independent research, and the lived experience of serving over 300 million users safely, demonstrating how modern crypto compliance works in practice and underscoring Binance’s ongoing commitment to transparency, regulatory excellence, and a safer financial ecosystem. Noah Perlman, Binance Chief Compliance Officer, "At Binance we’ve built a system that doesn't just react to threats, it anticipates them. A 96% reduction in illicit exposure is a testament to our infrastructure and the 1,500+ professionals working behind the scenes to protect our 300M users." Driving Industry-Wide Standards Binance’s leadership team emphasizes that compliance is a shared responsibility and that the company actively engages with regulators, policymakers, and industry partners to foster a collaborative environment. This engagement helps shape balanced regulations that support innovation while safeguarding users and the broader financial system. Transparency and User Protection Transparency remains a cornerstone of Binance’s compliance philosophy. The company regularly publishes updates on its compliance initiatives and welcomes dialogue with the community and regulators. By maintaining high standards, Binance ensures that users can trade with confidence on a platform that prioritizes security and integrity. National Cybercrime Units Collaborations Binance responds to tens of thousands of law-enforcement requests each year. In 2025 alone, Binance responded to more than 71,000 law enforcement requests and assisted in confiscating over $130 million in illicit funds. Binance supports agencies such as Europol (https://apo-opa.co/4coJAx9), INTERPOL (https://apo-opa.co/4b0FCIt), the DEA, the NCA, Homeland Security Investigations, and multiple national cybercrime units. These collaborations have resulted in the takedown of ransomware groups, darknet markets, human-trafficking networks, and financial-fraud rings. The value of our work has been repeatedly recognized by our global law-enforcement partners. Richard Teng, Binance co-CEO, "Our mission has always been to increase the freedom of money, but that freedom is only sustainable if it is built on a foundation of trust. By integrating compliance into our product DNA, we are proving that the world’s largest exchange can also be the most secure." Binance remains committed to building a secure, transparent, and trusted platform through ongoing investment in compliance, strong global partnerships, and independently validated results. Since its launch in 2017, Binance has focused on protecting users and supporting the responsible growth of digital finance, with measurable progress recognised by law-enforcement agencies and regulatory stakeholders worldwide.
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Binance Reinforces Industry-Leading Compliance Commitment to Foster a Safer Crypto Ecosystem

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According to recent studies, as artificial intelligence (AI) continues to evolve, text-generating tools are becoming increasingly widespread, powering everything from chatbots to advanced language generation. Among the most notable of these models are Google Gemini, ChatGPT, and Copilot, each with its own unique design, capabilities, and approach to transforming how we interact with information. Research shows that Google Gemini is leading the way in AI-powered text generation. Equipped with advanced lgorithms and vast training data, it produces highly accurate, context-aware responses. Gemini Ultra recently made headlines by scoring 90.0% on MMLU (Massive Multitask Language Understanding), becoming the first model to outperform human experts. At Zetech University, this global shift toward AI innovation is already taking shape. On 27th to 28th February 2026, the University hosted the Build with Gemini Hack Day, an overnight AI hackathon supported by Google and Major League Hacking. More than 100 student developers were tasked with building creative and practical solutions using the Gemini API. Competing alongside peers from international institutions like IMS Engineering College in India and VIT Chennai, the students embraced innovation, collaboration, and problem-solving. Expert faculty mentors and industry professionals assisted the participants in navigating full-stack development, connecting front-end interfaces with robust back-end systems while adhering to professional engineering standards. A key milestone of the event was the launch of a School GitHub Organisation Account, providing a platform for collaboration, version control, and preservation of intellectual property, ensuring the ideas generated could evolve into future innovations. Zetech University continues to lead as a hub for innovation and technology by offering hands-on learning experiences, forging strategic industry partnerships, and providing students with access to cutting-edge AI tools. Through collaborations with global tech leaders and a focus on practical, real-world projects, the University empowers students to develop solutions that address pressing challenges and drive meaningful impact.
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Build with Gemini Hackathon: Students Transform Concepts into Cutting-Edge AI Projects

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Opinion: Why the Future of Customs is Agentic Artificial Intelligence (AI)

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