CNN has apologized to Kenya over a recent terrorism slur. n a televised CNN report preceding President Obama’s July trip to Kenya, the news network referred to the East African country as a “hotbed of terror” …
US President Barack Obama is visiting Kenya this week and CNN has been reporting on how the region is a so-called “Hotbed of Terror”. CNN’s narrow characterization of Kenya has spawned a particularly heated and amusing backlash from well-informed Twitter users who got the mocking hash tag #SomeoneTellCNN trending worldwide.
Africa is vast. It is varied. When it comes to the region’s development, a host of differing narratives shape the story around its economic progress. With a long-standing presence in the region, GE has worked with, and helped to nurture its tremendous potential.
If the media coverage on Kenya is all about terrorism, the terrorists win.
Nigeria and Kenya frequently feature as the top investment destinations in Africa, with Nigeria being the clear front runner. Investors, however, are starting to view East Africa as a combined investment region that could rival the West African giant, using Kenya as a sturdy stepping stone to the wider East African region.
Nigeria’s former president warned investors at an African business summit in London they should focus on promoting “inclusive growth” if they want to avoid triggering social strife.
High stakes for high return, if you can stick it out for the long term – investors are buying into a boom in sub-Saharan African real estate.
Kenya’s first-ever international bonds rose on their first full day of trading, propelled by almost $8 billion worth of orders which on Monday had helped make it the largest-ever debt sale by an African country.