Observed every 7 July, Tanzania’s Saba Saba annual trade fair has this year climaxed with a three day meeting by traders and government officials from Kenya and Tanzania.

The event lasts about a week before the apex on the 7th of every July. This year, the end of the fair has marked the start of a meeting on trade promotion and market access between the two countries. The meeting comes in the wake of Presidential commitments made by Kenya’s President Uhuru Kenyatta and Tanzania’s President Samia Suluhu Hassan and the just concluded bilateral negotiations on trade between the two States.

Hosted in partnership between Tanzania’s Confederation of Tanzania Industries (CTI) and Kenya’s Kenya Association of Manufacturers (KAM), the meeting brings together manufacturers from various sectors of the economy. They include Food and Beverage, Edible Oils, Chemicals, Automotive, Leather to mention but a few.

Read: International companies converging in Kenya for …

The firm has undertaken assignments in 50 of the 54 African countries and employs more than 500 people in its network of over 20 local offices.

This latest partnership comes at a time when the firm’s latest London sales and lettings reports show that June was a record-breaking month for sales transactions, lettings, viewings and new prospective tenants registering.…

5G mobile subscriptions will exceed 580 million by the end of 2021, driven by an estimated one million new 5G mobile subscriptions every day.

This is according to the latest Ericsson Mobility Report which confirms the expectation that 5G will become the fastest adopted mobile generation.

The report indicates that 5G is expected to surpass a billion subscriptions two years ahead of the 4G LTE timeline for the same milestone.

It features breakout statistics from Sub-Saharan African markets where around 15 percent of mobile subscriptions were for 4G at the end of 2020.

“4G will remain the dominant mobile access technology by subscription over the forecast period,” the report says.

During 1Q21, 4G subscriptions increased by approximately 100 million, exceeding 4.6 billion, equaling 58 percent of all mobile subscriptions.

It is projected to peak during the year at 4.8 billion subscriptions before declining to around 3.9 billion subscriptions by the …

EAC Partner States have begun the 2021/2022 financial year with a focus on economic recovery through industrialization and inclusive growth.

This comes at a time when the coronavirus pandemic has had adverse effects on economies across the region and worldwide.

Data by Deloitte indicates that the outbreak led to disruption in the various sectors, most notably the financial industry and the tourism and hospitality sectors.

Additional data by UNECA adds that the effect of the pandemic on growth in Eastern Africa has been heterogeneous. The organization added that the impact has been more severe for countries dependent on tourism.

Kenya’s Principal Secretary for EAC, Dr. Kevit Desai, said that the region was putting in place strategies to ensure economic recovery in all Partner States from the destructive effects of the COVID-19 pandemic.

“As a region, we have witnessed the devastation created within the economies of the Partner States, including the …

Kenya Revenue Authority has reached a new record of revenue collection to hit Sh1.669 Trillion in the 2020/21 financial year, compared to Sh1.607 Trillion collected in FY 2019/20. 

In a statement, the Authority’s Director-General Githii Mburu says that this is in spite of the challenging operating economic environment brought about by the COVID-19 Pandemic. 

“Kenya Revenue Authority (KRA) has defied all odds to surpass its revenue target after eight (8) years, since FY 2013/14,” the Authority said. 

The FY 2020/2021 revenue target as reflected in the 2021 Budget Policy Statement was Sh1.652 Trillion which KRA says it surpassed with a surplus of Sh16.808 Billion. 

This represents a performance rate of 101 percent and revenue growth of 3.9 percent compared to the last Financial Year. 

KRA says the performance is consistent with the prevailing economic indicators, especially the projected GDP growth of 0.6 percent in 2020.

During the period under review, …

Kenya’s Capital Markets Authority (CMA) has announced a new deal that will help businesses in the private sector forge their way to recovery. 

CMA has signed a Memorandum of Understanding (MoU) with the Kenya Private Sector Alliance (KEPSA) to support market deepening and leveraging capital market products to catalyze growth in the sector.

The partners say the move is line with the Big 4 Agenda and Sustainable Development Goals.

Through the MoU, CMA and KEPSA say they will be seeking avenues for private and public sector finance and investment necessary to support Kenya’s economic growth and complement development funding gaps.

The two institutions will also seek to collaborate in the development of policy and regulatory interventions to create a conducive business environment that will support a robust, resilient, and inclusive financial sector through the growth of the capital markets.

The CMA Chief Executive, Wyckliffe Shamiah said the partnership is expected …