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    Africa expected to see a subdued economic recovery in 2022

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    Analysts noted that Africa is expected to see a subdued economic recovery in 2021 and not likely to reach 2019 growth levels till 2022 hana,...
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    Safaricom Announces New Bundles That Offer Both Calls and Data

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    “All in One Monthly Bundles” Offer Customers Discounted Calls and Data Bundles in a Single, Convenient Package Safaricom (NSE: SCOM) has today announced new...
    The government of Kenya is seeking into intra-Africa tourism opportunities within the African Continental Free Trade Area (AfCFTA) to unlock the sector's projected Ksh 1 trillion contributions to the economy by end of 2027. Speaking during the opening ceremony of the 15th edition of the Magical Kenya Travel Expo (MKTE) at Uhuru Gardens. Deputy President of Kenya, Kithure Kindiki noted that while Kenya leads its East Africa counterparts on visitor arrivals, the country must leverage continental integration to achieve double-digit growth seen in Asian and European markets. "Tourism is a critical anchor of Kenya's economy and a pillar of our Bottom-up Economic Transformation Agenda (BETA). With Africa emerging as one of the strongest-performing regions in global tourism recovery, we must capitalize on AfCFTA opportunities. The tourism sector must become a critical interlocutor in transport, logistics, trade, investments and MSME sectors, driving synergized policy outcomes." Kindiki stated. According to the World Tourism and Travel Council (WTTC). Kenya's tourism sector is set to contribute a record Ksh 1.2 trillion to the economy, equivalent to more than 7% of national Gross Domestic Product (GDP). The sector is also expected to support 1.7 million jobs in 2025, maintaining over 8% of total national employment. The DP outlined government's infrastructure investments to support the growth of the sector, including the Nairobi-Nakuru-Mau Summit Highway, Lamu Port development. SGR expansion and new direct flights from global hubs. He stressed the need to diversify beyond traditional offerings, citing emerging products like astro-tourism, desert safaris in Chalbi, and tech-tourism leveraging Kenya's "silicon savannah" reputation. "We must market the complete Kenya story-from our technological innovation to our athletic excellence, from the Cradle of Humankind to our forty vibrant communities," he added. Equally, Kindiki also stressed the importance of sustainability, linking the government's tree planting initiative to eco-tourism enhancement, while ensuring tourism benefits reach grassroots communities. The expo has drawn over 6,500 delegates from 40 countries, including 400 exhibitors and 200 international buyers with the opportunity to explore how strategic investments and collaborative frameworks can contribute to the African tourism ecosystem which presents unprecedented growth potential. Tourism and Wildlife CS Rebecca Miano hailed the expo's evolution into a continental platform noting its critical role in accelerating investment flows for infrastructure development which directly supports Kenya's tourism target of 5.5 million visitors by 2027. "Infrastructure development through public-private partnerships remains our cornerstone strategy. By leveraging private sector expertise and government support, we are building world-class facilities that enhance visitor experiences while creating sustainable employment for our communities across the tourism value chain." Miano emphasized. On her part, Director of Trade in Services, Investment and Digital Trade AfCFTA Secretariat, Emily Mburu, highlighted the strategic importance of strategic tourism partnerships, particularly for advancing continental market integration. "Tourism shows how AfCFTA works in practice, public-private frameworks attract Foreign Direct Invest (FDI), build world-class infrastructure and create employment across borders. When tourists move seamlessly across Africa, they activate supply chains, stimulate trade and prove that integration delivers immediate, tangible benefits to African economies," he noted. The expo's focus on intra-African partnerships comes at an opportune time, given Africa's growing contribution to Kenya's tourism earnings. Africa was the leading source of tourist arrivals in 2024, accounting for 40.8% of international visitors. This year's Magical Kenya Travel Expo will incorporate digital matchmaking technology which facilitates pre-scheduled B2B meetings between buyers and sellers, maximizing business outcomes. It will also feature five-day familiarization trips, integrated marketing campaigns and dedicated sessions on creative economy integration within tourism.
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    KENYA TO TAP INTO INTRA-AFRICA TOURISM OPPORTUNITIES WITHIN AfCFTA

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    The government of Kenya isseeking into intra-Africa tourism opportunities within the AfricanContinental Free Trade Area (AfCFTA) to unlock the sector's projectedKsh 1...
    Africa is seeking to move beyond being a raw material supplier and establish itself as a critical energy player, government leaders said at African Energy Week (AEW) 2025: Invest in African Energies, highlighting investment opportunities, energy transition based on domestic resources, and the need for predictable policies for investors. Anatole Collinet Makosso, Prime Minister of the Republic of Congo, said the continent must leverage its vast oil and gas resources – as well as solar, geothermal and wind potential – to drive development. “Without energy justice, energy transition is an illusion,” he said. “To offer clean, affordable and reliable energy is not an option – it’s an imperative. Our need for development cannot be sacrificed. We need to support energy transition fully, but it must be based on our gas and petroleum resources.” Makosso highlighted key projects including Eni’s Congo LNG initiative, the recently licensed deepwater Nzombo block, the Banga Kayo gas monetization project and Perenco’s ongoing modernization and drilling works to extend field lifespans. “These initiatives are part of the national and continental strategy. Africa must no longer be considered as a provider of raw materials – it must be considered as a critical energy player,” he said. He called the continent “the investment opportunity of the century,” stressing that the goal is not merely to attract capital but to build a competitive, sovereign Africa. Nigeria’s Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), outlined measures the country has taken to boost investor confidence and expand production, including an Executive Order signed earlier this year to reduce production costs. The sector overhaul has already spurred significant activity, including $5 billion in new Shell investment in Bonga North, planned investments in Bonga Southwest and other deepwater projects, and the restructuring of state-owned NNPC into a commercially viable company. “Investors want predictability, efficiency and incentives, as well as alignment between stakeholders and industry,” he said. Lokpobiri also pointed to successes from asset divestments as evidence of Nigeria’s growing strategic role. “The companies that acquired IOC assets – Renaissance acquiring Shell’s onshore and shallow-water assets, Seplat acquiring ExxonMobil’s, Oando acquiring Eni’s – between the time the divestments were enabled and today, we have increased production by at least 200,000 barrels per day. That shows that divestment was the right decision,” he said. Looking ahead, Lokpobiri urged Africa to capture more of global oil and gas capital expenditure, and to “transition from being net importer to strategic value creator.” He also emphasized the need for partnerships rather than energy abandonment: “No continent or country is slowing down. What is needed is to reduce emissions, not abandon any form of energy, and what we need from the West is partnership.”
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    Africa Stakes Its Claim as Global Energy Player at African Energy...

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     Africa is seeking to move beyond being a raw material supplier and establish itself as a critical energy player, government leaders said...
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    Jubilee Health Insurance secures USD 100,000 for Emergency Rescue and Lifestyle...

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    Jubilee Health Insurance and its partners have been awarded funding of over $100,000 from IFC, a member of the World Bank Group, to facilitate...
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    DP World Kigali’s Logistics Platform

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    DP World Kigali is a secure, bonded facility spread over 13 hectares DP World (www.DPWorld.com/) and the government of Rwanda have setup a state-of-the-art­...
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    USERNAME INVESTMENT CEO BAGS THE JKUAT ALUMNI ACHIEVEMENT AWARD IN THE...

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    23rd June 2018, Reuben Kimani, CEO, Username Investment Limited received The JKUAT Alumni Achievement Award during The 2018 JKUAT Alumni Convocation held on Saturday...
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    Safaricom Partners With NEMA To Drive Wetlands Conservation Agenda

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    Telco lends voice to conservation efforts ahead of World Wetlands Day celebrations Safaricom (NSE: SCOM) has partnered with the National Environment Management Authority (NEMA),...
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    AERC Board Member appointed as Finance Minister in Lesotho

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    The African Economic Research Consortium (AERC), one of the most active research and capacity-building institutions in the world, with a focus on Africa and...
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    African Entrepreneurs Win $400,000 in Catalytic Funding to Scale High-Impact Startups

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    2026 FINCA Ventures Prize Competition awards grant funding to six innovative founders creating life-enhancing solutions for underserved communities across AfricaSix African startups...
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