BY LOLA OKULO KENYA is eyeing Africa and emerging markets to sustain the country’s tourism in- dustry, due to the Eurozone crisis. Europe is Kenya’s largest source market and the on- going crisis has forced the country to diversify its mar- ket and products on offer to entice tourists from emerg- ing markets. Speaking during the sec- ond annual Kenya Tourism Awards, tourism assistant minister Cecily Mbarire said Kenya has partnered with Morocco to help enrich its networks and insights into intra africa tourism busi- ness. “Despite our traditional source markets that take a bigger share in contribut- ing to the total tourist ar- rivals to the country, Africa and emerging markets have shown remarkable growth in the recent past, an indi- cation that it has a growth potential,” said Mbarire. Uganda is the biggest Af- rican tourism source market for Kenya followed by South Africa. IN 2011 Uganda brought in 42,674 visitors whereas South Africa had 38,354 arrivals by air and sea alone. The number is higher if arrivals by road are factored in though the government has previously noted it is not easy to col- lect such data. India on the other hand has according to last year’s industry data, dislodged France from the top ve markets dominated by European countries and continues to show strong growth. India was the fth larg- est market with arrivals of 58,986 visitors in 2011. Three previously good Eu- ropean markets France, Austria and Netherlands registered negative growth. Tourists from France, Neth- erlands and Austria dropped by 3.6 per cent, 9.8 per cent and 10.5 per cent according to the 2011 statistics. “Further, to conrm our seriousness with regards to regional and Africa market, a Kenyan delegation includ- ing the tourism players from the private sector recently visited Morocco to bench- mark on success stories on the development and mar- keting of tourism products,” said Mbarire. Patricia Ithau, a director at Kenya Tourism Board said the country should fo- cus on innovation and be more customer-oriented to grow the market. She urged private sector players to du- tifully contribute towards improving the industry even as they await for the gov- ernment to enact policies that are geared at develop- ing tourism. Kenya Tourism Fed- eration chairperson Lucy Karume said: “We have seen growth in the sector especially in domestic and regional tourist arrivals and this should be encouraged especially bearing in mind the Euro zone is still facing nancial difculties.” The awards are organized by KTB and KTF to encour- age excellence in the indus- try by revitalizing healthy competition among the players to raise the stand- ards of services rendered to clients. 38 LOCAL THE STAR Monday, June 25, 2012 Can YOU outsmart the expert? BY STAR REPORTER CROWN PAINTS has plans to set up shop in across East Africa to increase its market access and benet from the road and real estate construction boom in the region. Speaking at the rm’s 55th annual general meet- ing held on Friday, chief executive Rakesh Rao said the rm will be represented in every EA country by next year and will also invest more in new technol- ogy to improve its products and operations. “As we look to widen our footprint within East Africa, we have set aside Sh250 million to launch operations in Tanzania dur- ing this year,” Rao said. In Uganda, the rm pre- viously known as Crown Berger manufacturers paint products under the brand name of Regal said it would look for new manu- facturing facilities to grow further in that market. The company said it plans to extend recently linked partnerships with Plascon, Flowcrete and Crown UK into Uganda and Tanzania. Rao said the company had slightly altered packag- ing of its products to ward off counterfeits which were eating into its prots. Crown paints which loses about Sh400 million annually because of coun- terfeits, has now introduced seal proof packaging. The rm a pre-tax prot of Sh200.5 million up from Sh169.4 million in 2010. Crown Paints rolls out East Africa expansion ! business UP TO DATE, ACCURATE BUSINESS INFORMATION NEWS YOU CAN USE, EVERY DAY Kenya turns to Africa for tourism markets ALY KHAN’S STAR PORTFOLIO A S I write this, It’s still not clear who will as- sume the presidency in Egypt. Many of us, might be experiencing a sense of deja vu. The Egyptian Pound is at a 7 year low. The EGX30 is +11.2 per cent in 2012. The index has corrected 26.06 per cent since March 7th, when it closed at 5452.00 and was the best performing index in the World at +50.4 per cent. The path to equilibrium in Egypt remains unclear and SCAF is like a Sumo wrestler in a kindergarden. Further South, the news wires were full of news of protests in Khartoum. The frequency and the number of locations of these protests increased through the week. Reuters reported that demon- strators moved through side streets, blocked roads, burned tyres and chanted “freedom, freedom”, and “the people want to overthrow the regime”. Khartoum is trying to put in place an austerity package post the divorce with Juba and this mo- ment might be the most dangerous yet for the NCP. I think both President Bashir and President Kiir had calculated that the other would blink first. Lets see who does because both are ‘Frontier’ laboratory experiments, now. Turning our gaze West, you will note that the Nigerian President Goodluck Jonathan sacked his defence minister and national security adviser on Friday. The Boko Haram have waged a virulent insur- gency against the central government. The Nigeria All Share is +3.2% in 2012 and 1,296 points off its 2012 high. The presidency does not give me the confidence that it has any strategy for getting out ahead of the Boko. The oil price has moved dramatically lower in the last few weeks. This might well have been by design, so as to more effectively pressure Iran. However, the collateral damage is that the likes of Nigeria and Angola [the big oil producers] are set to find the waters a lot choppier. Of course, there has been a lot of informed chatter about how Somalia is a c21st Kuwait. And my barometer for Somalia is the beach in Mogadishu. It’s become totemic and as long as folks are taking the ocean waters, then there is some reason for cheer. Of course, the Al-Shabaab is surely at its most dangerous and asymettric when it faces a conven- tional military defeat. And the US embassy issued an Alert regarding Mombasa. Here in Kenya, the Shilling is back above 84.00. Versus The Euro the Shilling is at 105.55. That looks like a very High hurdle, given that we export so much to Europe. The benchmark Index the NSE20 is + 15.569 per cent in 2012 and less than 0.2 per cent away from an 11 month high. The World Bank con- firmed that the EAC was the 2nd fastest growing region in the world. And of course, we sit slap bang in the middle of it. Shares go up and down and readers are advised that this column represents Mr Satchu’s personal opinions. A SPIN THROUGH HAPPENINGS IN AFRICA ORGANISERS: Kenya Association of Hotel Keepers and Caterers CEO Mike Macharia with Kenya Torurism Federation boss Agatha Juma. duiring the Kenya Tourism Awards at Carniivore Rastaurant, Nairobi.
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BY LOLA OKULO
KENYA is eyeing Africa and emerging markets to sustain the country’s tourism in-dustry, due to the Eurozone crisis.
Europe is Kenya’s largest source market and the on-going crisis has forced the country to diversify its mar-ket and products on offer to entice tourists from emerg-ing markets.
Speaking during the sec-ond annual Kenya Tourism Awards, tourism assistant minister Cecily Mbarire said Kenya has partnered with Morocco to help enrich its networks and insights into intra africa tourism busi-ness.
“Despite our traditional source markets that take a bigger share in contribut-ing to the total tourist ar-
rivals to the country, Africa and emerging markets have shown remarkable growth in the recent past, an indi-cation that it has a growth potential,” said Mbarire.
Uganda is the biggest Af-rican tourism source market for Kenya followed by South Africa. IN 2011 Uganda brought in 42,674 visitors whereas South Africa had 38,354 arrivals by air and sea alone. The number is higher if arrivals by road are factored in though the government has previously noted it is not easy to col-lect such data.
India on the other hand has according to last year’s industry data, dislodged France from the top !ve markets dominated by European countries and continues to show strong growth.
India was the !fth larg-est market with arrivals of 58,986 visitors in 2011. Three previously good Eu-ropean markets France, Austria and Netherlands registered negative growth. Tourists from France, Neth-erlands and Austria dropped by 3.6 per cent, 9.8 per cent and 10.5 per cent according to the 2011 statistics.
“Further, to con!rm our seriousness with regards to regional and Africa market, a Kenyan delegation includ-ing the tourism players from the private sector recently visited Morocco to bench-mark on success stories on the development and mar-keting of tourism products,” said Mbarire.
Patricia Ithau, a director at Kenya Tourism Board said the country should fo-cus on innovation and be
more customer-oriented to grow the market. She urged private sector players to du-tifully contribute towards improving the industry even as they await for the gov-ernment to enact policies that are geared at develop-ing tourism.
Kenya Tourism Fed-eration chairperson Lucy Karume said: “We have seen growth in the sector especially in domestic and regional tourist arrivals and this should be encouraged especially bearing in mind the Euro zone is still facing !nancial dif!culties.”
The awards are organized by KTB and KTF to encour-age excellence in the indus-try by revitalizing healthy competition among the players to raise the stand-ards of services rendered to clients.
38 LOCAL THE STAR Monday, June 25, 2012
Can YOU outsmart the expert?
BY STAR REPORTER
CROWN PAINTS has plans to set up shop in across East Africa to increase its market access and bene!t from the road and real estate construction boom in the region.
Speaking at the !rm’s 55th annual general meet-ing held on Friday, chief executive Rakesh Rao said
the !rm will be represented in every EA country by next year and will also invest more in new technol-ogy to improve its products and operations.
“As we look to widen our footprint within East Africa, we have set aside Sh250 million to launch operations in Tanzania dur-ing this year,” Rao said.
In Uganda, the !rm pre-
viously known as Crown Berger manufacturers paint products under the brand name of Regal said it would look for new manu-facturing facilities to grow further in that market.
The company said it plans to extend recently linked partnerships with Plascon, Flowcrete and Crown UK into Uganda and Tanzania.
Rao said the company had slightly altered packag-ing of its products to ward off counterfeits which were eating into its pro!ts.
Crown paints which loses about Sh400 million annually because of coun-terfeits, has now introduced seal proof packaging.
The !rm a pre-tax pro!t of Sh200.5 million up from Sh169.4 million in 2010.
Crown Paints rolls out East Africa expansion
!business UP TO DATE, ACCURATE BUSINESS INFORMATIONNEWS YOU CAN USE, EVERY DAY
Kenya turns to Africa for tourism marketsALY KHAN’S
STARPORTFOLIO
AS I write this, It’s still not clear who will as-sume the presidency in Egypt. Many of us, might be experiencing a sense of deja vu. The Egyptian Pound is at a 7 year low. The EGX30 is +11.2 per cent in 2012. The index
has corrected 26.06 per cent since March 7th, when it closed at 5452.00 and was the best performing index in the World at +50.4 per cent. The path to equilibrium in Egypt remains unclear and SCAF is like a Sumo wrestler in a kindergarden.
Further South, the news wires were full of news of protests in Khartoum. The frequency and the number of locations of these protests increased through the week. Reuters reported that demon-strators moved through side streets, blocked roads, burned tyres and chanted “freedom, freedom”, and “the people want to overthrow the regime”.
Khartoum is trying to put in place an austerity package post the divorce with Juba and this mo-ment might be the most dangerous yet for the NCP. I think both President Bashir and President Kiir had calculated that the other would blink first. Lets see who does because both are ‘Frontier’ laboratory experiments, now.
Turning our gaze West, you will note that the Nigerian President Goodluck Jonathan sacked his defence minister and national security adviser on Friday. The Boko Haram have waged a virulent insur-gency against the central government. The Nigeria All Share is +3.2% in 2012 and 1,296 points off its 2012 high. The presidency does not give me the confidence that it has any strategy for getting out ahead of the Boko.
The oil price has moved dramatically lower in the last few weeks. This might well have been by design, so as to more effectively pressure Iran. However, the collateral damage is that the likes of Nigeria and Angola [the big oil producers] are set to find the waters a lot choppier. Of course, there has been a lot of informed chatter about how Somalia is a c21st Kuwait. And my barometer for Somalia is the beach in Mogadishu. It’s become totemic and as long as folks are taking the ocean waters, then there is some reason for cheer.
Of course, the Al-Shabaab is surely at its most dangerous and asymettric when it faces a conven-tional military defeat. And the US embassy issued an Alert regarding Mombasa.
Here in Kenya, the Shilling is back above 84.00. Versus The Euro the Shilling is at 105.55. That looks like a very High hurdle, given that we export so much to Europe. The benchmark Index the NSE20 is + 15.569 per cent in 2012 and less than 0.2 per cent away from an 11 month high. The World Bank con-firmed that the EAC was the 2nd fastest growing region in the world. And of course, we sit slap bang in the middle of it.
Shares go up and down and readers are advised that this column represents Mr Satchu’s personal opinions.
A SPIN THROUGH HAPPENINGS IN AFRICA
ORGANISERS: Kenya Association of Hotel Keepers and Caterers CEO Mike Macharia with Kenya Torurism Federation boss Agatha Juma. duiring the Kenya Tourism Awards at Carniivore Rastaurant, Nairobi.
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