Category Archives: Mag

Hospitality and tourism’s relevance to African markets

Olare Mara Kempinski, Masai Mara

The hospitality and tourism is an important sector for many developing countries, since it is one of the main foreign exchange earners and key exports component. In 2016, foreign visitors to Africa reached 58 million with a spending of USD 40.7 billion approximately 36.3%, and projected to reach 42.9bn by end of 2017. These statistics by Jumia Travel’s Hospitality Report Africa, reflect the sector’s extensive significance both in terms of social and economic growth. read more

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Boosting Intra-African Trade Crucial to Africa’s Development says ECA’s Stephen Karingi

Boosting intra-African trade is the most effective channel for trade to deliver development on the African continent, said Mr. Karingi, adding deeper trade integration is the surest way to speed up Africa’s economic transformation read more

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SA luggage market set to grow says Samsonite Europe president

Tom O’Flaherty (Samsonite Southern Africa MD), Arne Borrey (Samsonite Europe President), Gert Weyers (Vice President – business development and distributors, Samsonite Europe) & Rob Kunze (director – Samsonite Southern Africa).

More and more South Africans are travelling – and investing in state-of-the-art branded luggage. This will pave the way for Samsonite South Africa to more than double sales within the next five years. read more

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African Tourists Emerge as Powerhouse for Tourism on the Continent, Says UNCTAD Report

Tourism in Africa is a flourishing industry that supports more than 21 million jobs, or 1 in 14 jobs, on the continent read more

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New UN report encourages African countries to harness growing tourism sector

African governments should make it easier and safer for Africans to travel within the continent, the United Nations said in a new report released today, noting that tourism demand there is increasingly driven by Africans themselves. read more

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Insecurity, economic crisis, abuse and exploitation in Libya push refugees and migrants to Europe, new study reveals

The study examined the changing dynamics and protection challenges affecting mixed migration flows to and within Libya and the evolution of migration trends, smuggling networks and routes read more

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USAID Study Examines Impact of Trade-Related Fees and Charges in Ghana

The study details how official and unofficial fees and charges associated with trade impact Ghana’s trade volume, government revenues, and private sector viability read more

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Nigerian Mining Springs Opportunities for Foreign Investors

Commercial quality mineral resources abound in Nigeria but that’s not the issue here. While it’s true Nigeria has been blessed with grand quantities of gold, diamonds, iron ore, a variety of gemstones and lead, among others, find the technical expertise and financial savvy to take advantage of the resources has long plagued the region. read more

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McKinsey’s latest report on Africa-China economic partnership challenges previous beliefs

China is Africa’s largest economic partner. Yet it has been a challenge to understand the full extent of the partnership due to a dearth of data. A new report by McKinsey Africa (www.McKinsey.com) finds that its involvement is bigger and more multifaceted than previous studies suggest. read more

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