• Small and medium enterprises have become vital drivers of economic growth in African countries.
• According to the African Development Bank Group, SMEs in Africa represent around 90 per cent of all businesses and contribute up to 33 per cent of Africa’s Gross Domestic Product (GDP).
• Access to capital is one of the biggest obstacles small and medium enterprises face in Africa.

Small and medium enterprises (SMEs) in Africa play a vital role in fostering sustainable development. With 90 per cent of all global businesses falling under the MSME category, these enterprises create employment, foster innovation, and contribute to gross domestic product (GDP) growth.

In recent years, small and medium enterprises have become vital drivers of economic growth in African countries. As the continent undergoes rapid development, these enterprises foster innovation, create jobs, and contribute to economic growth.

Small and medium enterprises form the bedrock of African economies, representing various …

• The tourism sector is increasingly important in the global economy.
• Tourism in Africa is still at an embryonic stage of development and is highly interconnected with longstanding growth and development challenges in infrastructure and security.
• A report predicts that a growing middle class will fuel Africa’s travel and tourism industry and a projected CAGR of 8.9 per cent or $731.4 billion in 2032 in the “leisure” market.

Tourism sector in Africa

Tourism sector is increasingly important in the global economy, contributing up to 5 per cent of total gross domestic product (GDP), 30 per cent of service exports, and approximately 225 million job opportunities.

Indeed, approximately 1 billion people travel internationally annually. Consumer receipts on tourism, hospitality, and recreational activities in Africa are projected to hit about $261.77 billion by 2030, $137.87 billion more than in 2015. From 1998 to 2015, service exports, such as tourism, have grown sixfold faster …

• There is urgency in halting the digital divide in Africa as this is vital in promoting inclusive growth, alleviating poverty, and generating more jobs through the digital economy.
• Kenya is setting an example by ensuring all its buildings are fiber-optic-ready.
• Digital automation in trade has proven to be a valuable asset in safeguarding Africa’s social and economic growth.

Digital Divide in Africa

Digital divide in Africa has been exacerbated over the years and, the urgency to halt it is vital in promoting inclusive growth, alleviating poverty, and generating more jobs through the digital economy.

Africa, with a population of 1.4 billion, currently has only 473 million internet users, representing a 36 per cent penetration rate and a mere 5 per cent fixed broadband penetration due to limited undersea connectivity. This leaves the continent lagging behind other regions regarding digital infrastructure, a critical component for economic growth.

African policymakers should capitalise …

• Kenya lands $ 1 billion investments for digital Infrastructure investment from Microsoft and G42.
• Among the top priorities is the construction of a green data center. This facility is to be built by G42 and its partners.
• The initiative will enhance internet connectivity through investments in marine and terrestrial fiber cable infrastructure.

During Kenyan President William Ruto’s visit to the US, Tech giant Microsoft & G42, an Emirati AI company, announced a $1B investment in Kenya to support its digital transformation.

This initiative, undertaken in collaboration with the Republic of Kenya’s Ministry of Information, Communications, and the Digital Economy, is a milestone in the region’s technological advancement.

The collaboration will invest an initial $1 billion to support different components of the initiative.

Among the top priorities is the construction of a green data center. This facility, to be built by G42 and its partners, will host Microsoft Azure services in …

When exploring the vibrant world of Dota 2 tournaments, it’s essential to understand the broader gaming landscape. Today, the MOBA genre is represented by more than a dozen popular video games, including such iconic titles as League of Legends, Heroes of the Storm, and Smite. These games have revolutionised competitive gaming, with each offering unique experiences and challenges. For those interested in adding an extra layer of excitement to their gaming journey, platforms like hollywoodbets.net spina zonke provide opportunities to engage with gaming in a different way. Now, let’s dive deeper into the types of Dota 2 tournaments and what makes them so thrilling.

Types of Dota 2 tournaments

Among the major cyber sports disciplines, it is Dota 2 that most resembles classic team sports like soccer or rugby. If in Counter-Strike most game episodes are very similar to each other, then in Dota 2 each match is fundamentally different …

• In the past two years, short-term rentals in Nairobi have been the new trend.
• Hospitality has bounced back remarkably after the challenges posed by the COVID-19 pandemic, emerging as one of the best-performing asset classes in 2023.
• Trappler highlights that hospitality is a key economic driver, employment creator, and focal property type in regions throughout East Africa.

Hospitality has bounced back remarkably after the challenges posed by the COVID-19 pandemic, emerging as one of the best-performing asset classes in 2023. This resurgence is particularly notable in Nairobi, especially with the renewed demand for short-term rentals.

The strategic position of Kenya’s capital city serves as an East African hub for various industries, including corporate, government, MICE (Meetings, Incentives, Conferences, and Exhibitions), embassies, and tourism, which makes it an attractive destination for hospitality and residence brands.

The increasing and diversifying demand for accommodation creates meaningful opportunities for market expansion and business growth.…