Kenya Airways CEO: Global Corporations Should Be Investing in Africa
*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)
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
