- The hidden cost of Uganda’s love for second-hand clothing
- AIM Congress 2025 to host forums tackling global market challenges and investment trends
- Saudi Arabia’s Neom: Lessons for Africa’s tourism and smart cities
- Tanzania to import 100MW of electricity from Ethiopia via Kenya
- Power play: Can the green energy push ever outpace big oil?
- Slashing foreign aid: Is Trump right or wrong?
- Arusha bets big on tourism with EAC’s largest conference center
- Regional lender KCB Group net profit grows by 64% to $477 million
Investing
- Saudi Arabia’s Neom futuristic city estimated to costs in excess of $8.8 trillion.
- Neom features a floating industrial complex, global trade hub, tourist resorts.
- The city, which is powered by 100% renewable energy, is plagued by delays and cost overruns.
Neom, an ambitious fusion of architecture and ecology, is a futuristic city under construction in Saudi Arabia’s Tabuk Province. Touted as an unprecedented mega-investment, it serves as a case study for policymakers in Africa, highlighting both the opportunities and challenges of large-scale urban development.
According to a recent statement from Neom’s management, the project is set for completion by 2039. The name “Neom” blends the Ancient Greek prefix neo- (meaning “new”) with Mostaqbal, the Arabic word for “future.”
With an estimated cost exceeding $8.8 trillion—over 25 times Saudi Arabia’s annual budget—the new city is among the world’s most ambitious urban projects. Launched in 2017, it spans 26,500 km² and features …
- Aramco CEO says the energy industry should “abandon the fantasy of phasing out fossil fuels.”.
- At the moment, green energy solutions are too expensive for commercial viability.
- For Africa, while leaders welcome green energy investments, they continue to sign ambitious investments to explore oil & gas.
- Tanzania has entered into an agreement to build a 5000 capacity conference centers in Arusha city.
- New facility named Mount Kilimanjaro International Conference Centre (MKICC) is projected to be operational in 2027.
- The project will cost $144.7 million (TSh385 billion) and features a hotel, helipad, and modern residential suites.
Tanzania is building what is projected to be East Africa’s largest and most modern conference facility, the Mount Kilimanjaro International Conference Centre (MKICC), in Arusha city. The memorandum of understanding for the construction of the MKICC was signed this week between the Arusha International Conference Centre (AICC) and the Public Service Social Security Fund (PSSSF) .
The project sign off was done by the Executive Director of AICC, Christine Mwakatobe, and the Director General of PSSSF, Abdul Razzaq Badru.
“The project is part of the government’s efforts to boost the country’s meetings, incentives, conferences, and exhibitions in its tourism sector,” explains …
- IPS 2025 will showcase the latest technologies and smart solutions, reflecting Dubai’s commitment to building sustainable cities.
- Bringing together industry leaders, innovators, developers, investors, and financial institutions, the event serves as a catalyst for real estate growth, facilitating high-value deals, strategic partnerships, and business expansion.
- Event also facilitates the exchange of knowledge, expertise, and insights on smart building technology and sustainable designs.
The Dubai Land Department has officially announced the 21st edition of the International Property Show (IPS) 2025, set to take place from April 14-16, 2025, at the Dubai World Trade Centre. As the world’s premier real estate platform, IPS 2025 aims at reaffirming Dubai’s commitment to fostering a dynamic and investor-friendly property market.
Bringing together industry leaders, innovators, developers, investors, and financial institutions, the event serves as a catalyst for real estate growth, facilitating high-value deals, strategic partnerships, and business expansion. With a strong focus on investment opportunities, …
- Across the African continent, the tourism industry fuels the creation of jobs, providing decent work opportunities for millions of people.
- The industry also drives the development of critical infrastructural, fosters entrepreneurship, and enhances cultural exchange.
- Kenya is at the forefront of steering innovation in tourism, fostering homegrown solutions that will help shape the future of this vital industry in Africa.
Tourism in Africa is often associated with breathtaking safaris, luxury safari lodges, and pristine coastal beaches. However, its impact stretches far beyond leisure and hospitality offering targeting overseas tourists, serving as a powerful engine for economic growth and social transformation.
Across the continent, tourism fuels the creation of decent jobs, especially for the youth; drives the development of critical infrastructure such as roads and technology investments, fosters entrepreneurship across value chains, and enhances cultural exchange among communities globally.
Countries such as Kenya, South Africa, Morocco, and Rwanda provide compelling case …
- President Felix Tshisekedi is inviting the U.S. to directly purchase critical minerals from Kinshasa, instead of buying “looted” and “smuggled” minerals from Rwanda.
- Rwanda is under immense pressure from the UN, the U.S., the EU, the UK to cease and withdraw their support for M23 rebels.
- In a 2022 update, UNEP notes that DRC has around 3.5 million metric tonnes of cobalt, making it home to one of the largest reserves of this vital resource.
The escalating conflict in the Democratic Republic of Congo (DRC) has taken a new twist with President Felix Tshisekedi inviting the U.S. to directly purchase critical minerals from Kinshasa instead of buying “looted” and “smuggled” minerals through Rwanda.
In a statement on Sunday, Tina Salama, who is the spokesperson of President Tshisekedi, called out Rwanda, noting that the neighboring country has for long been involved in looting and smuggling of vital mineral resources from the …
- The 8-member bloc will showcase its diverse attractions under the brand “Visit East Africa: Feel the Vibe” during the March 4-6 trade fair in Berlin, Germany.
- EAC aims to attract international tourists and investors by highlighting the region’s rich cultural heritage, natural beauty, and unique attractions.
- The EAC stand at ITB will also provide an opportunity to member countries to showcase their offerings and further penetrate the international market.
Stakeholders in East Africa’s tourism industry have joined forces to make the East African Community (EAC) the word’s next travel and hospitality hotspot during the March 4th-6th, 2025, International Tourism Bourse (ITB) in Berlin, Germany.
In a statement released on Wednesday, the EAC said it will, for the first time, participate in the global expo as a single entity in the world’s largest tourism trade fair.
According to the EAC Secretary General Veronica Nduva, the bloc will showcase its diverse attractions …
- Through various AfDB financing programmes across Africa, a total of 61M people have gained access to clean water since 2015.
- Another 33M people have benefited from improved sanitation while 46M Africans have gained access to ICT services, even as 25M people gained access to electricity.
- Next up for AfDB is the push to connect 300M Africans to electricity by 2030, and measure Africa’s vast green wealth as part of the continent’s GDP.
The African Development Bank (AfDB) positively impacted over 515 million lives over the past 10 years, the lender’s President Dr. Akinwumi Adesina has revealed. While addressing Heads of State and Government at the just concluded 38th session of the African Union Summit, Dr. Adesina said the bank has positively impacted 231 million women during the decade under review.
While sharing his scorecard before the august gathering, Dr. Adesina noted that AfDB‘s initiatives have led to 127 million …
- LipCo Foods is leveraging heavily on food security, knowledge sharing, and offering a diverse multi-food portfolio to drive expansion.
- The Poland-based firm says its success is driven by 17 production facilities and a team of over 4,000 professionals.
- Our goal is to ensure that the countries we engage with benefit significantly from our cooperation, says Mr. Bill Derrenger, CEO of LipCo Foods International.
Poland-based LipCo Foods is seeking global partnerships as part of its new plan to expand into new markets including the Middle East and Africa. To realise its ambitions, LipCo Foods is leveraging heavily on food security, knowledge sharing, and offering a diverse multi-food portfolio that reaches millions of tables worldwide to drive its expansion.
In an update during this year’s Gulfood expo in Dubai, LipCo Foods CEO Mr. César Lipka, cited the company’s philosophy of fostering long-term international partnerships based on common values as a key driver …