Browsing: Kenya

International tourist arrivals grew 32 per cent in the half-year to June, closing at 847,810 as Kenya’s tourism sector growth continued post-Covid-19. This was up from 642,861 arrivals recorded in the same period last year, as official data from the Ministry of Tourism indicates.
The performance represents a 92 per cent recovery compared to the same period in 2019. The increased numbers came with higher earnings for the country and the sector.

The hospitality industry is changing fast. When considering the future hotel experience, you are no longer just looking at a travel destination or a sleepover spot. Hotels of the future must offer more. An ‘augmented hospitality experience’ is what experts are calling it. Thus, stakeholders in Africa’s hospitality industry must explore ways to adapt.

The insurance sector has progressively curated products to cushion the different aspects of living, individuals and corporations. As such, agricultural insurance has been identified as an essential tool in assisting farmers, herders, and governments to mitigate some negative financial impacts of adverse natural events. Many countries have used insurance to help manage agricultural risks. The usefulness of agricultural insurance in risk mitigation is not in question.

Investment and trade between the two countries was valued at more than $600 million last year. Kenya’s exports last year…

Initiative with the US company is expected to cost around $15 million in initial investments. The joint venture will primarily…

Africa’s vast untapped oil and gas reserves have the potential to reshape the continent’s energy landscape and stimulate sustainable economic…

Aggressive marketing campaigns targeting the younger demographic are significantly driving the choice of drinks. Health consciousness is not just a…

Launched as a cornerstone of Vision 2030, Jomo Kenya International Airport’s (JKIA) Terminal 3 project, dubbed the “Greenfield Terminal”, had initially set hopes high. With a projected cost of US$650 million, the project aimed to augment the airport’s capacity by 20 million passengers. However, this dream was short-lived as the project, which commenced in 2014, abruptly stopped two years later.

Africa is the new battlefront where Russia and the US are vying for prominence. The battle is not new. During…

Competition in the remittance space has intensified with the entry of new players as the race for a share of the annual $95.6 billion in cross-border remittances flowing into Africa heats up. Airtel Africa has partnered with MasterCard to unveil a new service for cross-border remittances. Their deal will see customers in Kenya and 14 other African nations become the first beneficiaries of the service.

Airtel Africa and MasterCard will provide a seamless digital experience for consumers, connecting them with millions of peers worldwide. With a mushrooming diaspora community, remittances are now the largest source of forex in many African economies.