*By Michael Teich*
The world's most powerful companies put a lot of focus on international growth in China and India, but executives shouldn't overlook the potential of Africa, said Kenya Airways CEO Sebastian Mikosz.
"It's statistically, by far, the youngest population on earth, and is, particularly in Kenya, heavily digitalized," Mikosz told Cheddar in an interview. "It's a continent of many opportunities."
Mikosz not only wants to open up Africa to businesses, but also to American tourists. That's why Kenya Airways is launching its first-ever route to the U.S.
“It’s highly symbolic that you can reach the east coast of the U.S. to the east coast of Africa. In this industry, it’s all about connectivity.”
Daily nonstop flights between Nairobi and New York JFK begin October 28th.
For the full segment, [click here.](https://cheddar.com/videos/kenya-airways-ceo-global-corporations-should-be-investing-in-africa)
Intel is out with a new product to challenge other big players in the space like Nvidia and AMD.
Stocks fell after the opening bell Friday but will end on another positive week.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Americans picked up their spending from October to November as the unofficial holiday season kicked off, underscoring that shoppers still have power to keep buying.
The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale.
Mortgage rates have dropped below 7% for the first time since the middle of August.
Taylor Swift grossed nearly $2 billion this year, according to Billboard.
A study from US News and World Report has found the most affordable place to retire is in Ohio.
Millions of households could see higher internet costs next year as the affordable connectivity program could end.
Viveca Chow, NYC lifestyle expert, spoke with Cheddar News to provide tips on how to have some festive fun in the city on a budget.
