Grant Thornton Kenya, Devani-Devani & Company merge

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Grant Thornton Kenya, Devani-Devani & Company merge

Staff Writer - January 30, 2025

Leading professional services firm Grant Thornton Kenya, and Certified Public Accounting firm Devani-Devani & Company, have merged to enhance their services in...

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Humphrey Asiimwe, CEO, Uganda Chamber of Energy and Minerals (UCEM) will speak at this year’s African Energy Week (AEW): Invest in African Energies 2025, which returns to Cape Town from September 29 to October 3. With extensive experience in energy policy, local content development and regional cooperation, Asiimwe is set to provide key insights into Uganda’s expanding oil, gas and mineral sectors and the private sector’s role in driving sustainable industrial growth. His participate comes as Uganda’s energy and minerals sectors continue to gain momentum. In the oil and gas industry, the East African Crude Oil Pipeline has surpassed 58% overall progress, with engineering works nearly complete and over 2,400 personnel – 90% of them Ugandan – employed on the project. The 1,443-km heated pipeline – set to be the longest of its kind globally – will transport crude oil from Uganda’s Lake Albert basin to Tanzania’s Port of Tanga, positioning Uganda as a regional oil producer. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event. Uganda’s mining industry is also undergoing a significant transformation. The country recently signed its first-ever Mineral Production Sharing Agreement for the redevelopment of the Kilembe copper-cobalt mine and launched a state-owned mining company to manage equity interests and promote domestic value addition. Uganda is seeking strategic partnerships and private investment to unlock large deposits of gold, copper, cobalt and rare earth elements, critical for clean energy technologies. Under Asiimwe’s leadership, UCEM has helped secure over $2.1 billion in local oil and gas contracts for Ugandan companies and facilitated the training of over 7,000 nationals in petroleum-related fields. He continues to champion policy harmonization across East Africa to unlock financing opportunities, enable small- and medium-sized enterprise participation and enhance regional cooperation. “Humphrey Asiimwe has played a central role in driving local participation, aligning regional policies and shaping sustainable energy growth through strategic partnerships and private sector leadership. His efforts have created real opportunities for Ugandan businesses and workers alike and he continues to be a key voice for local empowerment and long-term industrialization in East Africa,” states Tomás Gerbasio, VP of Commercial and Strategic Engagement, African Energy chamber.

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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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Grant Thornton Kenya, Devani-Devani & Company merge

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