Tag Archives | tourism
Zimbabwe’s efforts to revive the economy using proceeds from the tourism industry has failed as tourist arrivals stagnated in the first half of the year, with arrivals only increasing by 1 percent compared with the prior year. This growth was supported by the increase in arrivals from Europe, Germany and the UK.
The results of an online Africa Geographic Travel Survey released last month show that tourists are squarely in favour of the south and east of the continent.
Cameroon has cut some of its costly fuel subsidies, a move that will please international donors calling for reforms, although similar moves have been reversed in the past due to the threat of protests against subsequent price rises.
The Botswana Investment and Trade Centre (BITC), established by act of Parliament, has for several years now been managing Brand Botswana, the national brand strategy that aims to build a unified national identity.
With promising economic prospects and major opportunities in the telecommunications, agricultural, tourism, finance and manufacturing sectors, Malawi is an investment destination of note. The government encourages both domestic and foreign investment in most sectors of the economy without restrictions on ownership, size of investment, source of funds, or the destination of the final product.
The Malawi Country Focus Seminar is proudly brought to you by KPMG in collaboration with Africa Exchange and in association with the Trade Fairs Department of the SA German Chamber of Commerce.
Africa’s economies have been expanding robustly as new discoveries of coal, oil and gas look set to create substantial business opportunities and transform the continent’s economies. The continent not only is a major producer of diamonds, nickel and uranium, but also holds 40% of the world’s gold, 60% of cobalt and 90% of its platinum reserves. Africa’s growth, however, results from more than a resource boom, having been supported (amongst other factors) by external trends such as its’ increased access to international capital and ability to forge economic partnerships with foreign investors.
Over the past quarter, we have downwardly revised our forecast for the real GDP expansion of sub-Saharan Africa in 2013, 2014 and 2015. But to be clear, the overall trend is still positive, with real GDP growth increasing every year up to 2015, after which we expect the growth figure to remain at the same level in 2016.
In this edition of Invest Africa, the focus is on the East African country of Kenya. The panel identifies key challenges and opportunities when it comes to investing in the country.
Kenya is regarded a regional hub for trade and finance in East Africa and many large corporations have the Africa headquarters in Nairobi. Continued economic and political transformations are essential in order for Kenya to maintain this status. Kenya boasts advanced markets and high market adoption rates. Technological advances are significant — fast adoption of applications. Increased interaction with customers and stakeholders through social media — revolution on its own, social media cannot be ignored.