Warren Buffett: Stocks Better Than Gold

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Warren Buffett: Stocks Better Than Gold

Special Correspondent - May 7, 2018

It’s no secret that Warren Buffett is bullish on the American economy. The Berkshire Hathaway (BRK-A, BRK-B) chief executive and one of the richest men...

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Across Africa, the rapid rollout of solar generation is shifting the challenge from simply adding capacity to integrating power reliably into weak and unstable grids. Diesel dependence, frequency instability and limited transmission infrastructure are driving demand for battery energy storage systems (BESS) not as optional hardware, but as core infrastructure for resilient power systems. In markets from East to West Africa, storage is increasingly deployed not for arbitrage but for reliability, stability and energy access — especially in hybrid microgrids and solar-plus-storage projects that reduce fuel costs and improve service continuity. To meet these needs, developers and utilities are moving beyond standalone batteries toward end-to-end storage solutions that bundle engineered systems, intelligent controls and lifecycle support. This approach enables faster integration, higher performance under Africa’s challenging operating conditions and stronger bankability for long-term financing. VUKA Group, as RelyEZ’s regional partner, plays a key role in delivering these solutions across Africa. VUKA Group provides local expertise, project management, and support services, ensuring that RelyEZ’s modular, containerised platforms and intelligent Energy Management Systems are deployed effectively and optimised for African conditions. Together, RelyEZ and VUKA Group are helping utilities and communities integrate storage, strengthen grid stability, and advance renewable energy access. Want to understand how RelyEZ and VUKA Group are aligning storage delivery with Africa’s solar growth? Read more here: https://apo-opa.co/3OodPKB

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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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KENYA TO TAP INTO INTRA-AFRICA TOURISM OPPORTUNITIES WITHIN AfCFTA

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Tag: Warren buffet

Warren Buffett: Stocks Better Than Gold

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How RelyEZ is powering Africa’s growing solar and storage demand

Affordable Housing Financing will Help Low-Income Earners Own Homes

Afreximbank and MobiHealth Sign Project Preparation Facility to Drive Digital Healthcare...

KENYA NATIONAL BLOOD TRANSFUSION SERVICES, CoBA PARTNER TO COLLECT BLOOD

HOT NEWS

WINNERS OF THE EQUITY HACKATHON FETED FOR THEIR CONTRIBUTION TO INNOVATION...

KENYA TO TAP INTO INTRA-AFRICA TOURISM OPPORTUNITIES WITHIN AfCFTA

Emirates A380 to Dubai, Now With High‑Speed Wi‑Fi

Kakuzi is training its avocado export sights on the US market

EDITOR PICKS

S&P Global Ratings Confirms ShafDB’s Sustainability Finance Framework Meets International Green...

Airtel Money deepens support for small businesses with Bizna Wallet

THE 16TH EDITION OF MKTE SET TO ATTRACT RECORD 10,000 DELEGATES

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Third Africa Islamic Finance Forum Confirmed for Nigeria March 2018

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