Author: The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenya plans discussions with low-cost airlines such as Ryanair Holdings Plc and easyJet Plc to begin flying to the East African nation famous for its beaches and safaris, its tourism minister said. Tourism is one of the country’s biggest generators of foreign exchange after remittances and agricultural exports, and earned the nation 119.9 billion shillings ($1.2 billion) last year, according to the Kenya Tourism Board. “We are developing a strategy to encourage low-cost…

JOHANNESBURG (Capital Markets in Africa) – Africa is entering the oil-hunt spotlight as drillers, flush with cash after crude’s recovery, are turning their attention back to the continent’s potentially vast resources. The world’s biggest companies from Exxon Mobil Corp. to Royal Dutch Shell Plc and BP Plc are setting up camp across Africa. Armed with stronger balance sheets and higher crude prices the industry is on track to double drilling in African waters this year. Rising natural gas demand is adding…

NAIROBI (Capital Markets in Africa) – Chinese companies will construct three main roads in Kenya through public-private partnerships under the East African nation government’s roads-annuity program. The unidentified companies will build a 30-kilometer (18-mile) expressway from the nation’s biggest airport in the capital, Nairobi, to the city’s Westlands suburb, Kenyan President Uhuru Kenyatta’s office said Tuesday in an emailed statement. Other projects include two roads in the north-eastern Kenya that will cost 15 billion shillings ($149…