Industry and Trade

  • AIM Congress promises to be a melting pot of insights, strategies, and opportunities aimed at shaping the future of global investment.
  • The congress has carved a niche for itself as a premier investment platform dedicated to fostering collaboration and driving innovation.
  • The Innovation and Technology Track will delve into the latest trends and innovations across various domains, including artificial intelligence, the Internet of Things, smart agriculture, and bockchain technology.

The anticipation is building as the AIM Investment Summit 2024 gears up to host over 450 dialogue sessions, featuring 900 speakers and experts from around the globe. In collaboration with over 330 local, international, and global partners, this event promises to be a melting pot of insights, strategies, and opportunities aimed at shaping the future of global investment.

Twenty-four of these partners step forward as supporting sponsors of the main conference, lending their expertise to provide participants with invaluable insights, best …

Read More
  • AIM Congress will be hosted by Abu Dhabi, with the support of the UAE Ministry of Industry and Advanced Technology and the Abu Dhabi Department of Economic Development (ADDED) as lead partners.
  • The Gold Sponsors for the event are Saud Bahwan Group, Jordan’s Ministry of Investment, and Moroccan Investment and Export Development Agency.
  • The Silver Sponsor for the event is Ajman Chamber of Commerce and Industry.

As the Annual Investment Meeting (AIM) Congress 2024 draws even closer, the spotlight is on the outstanding partnership efforts that have fueled its success over the years. With the event slated to take place between May 7 to 9 in Abu Dhabi, the United Arab Emirates, AIM Congress highlights its long-standing partnerships with esteemed organisations.

In partnership with over 330 local, regional, and international partners, the 2024 AIM Congress is committed to enhancing global economic growth by promoting investment opportunities and facilitating meaningful communication …

  • Kenya-Ethiopia trade relations have been on the rise in the past 27 years, with Kenya having the upper hand. 
  • Ethiopia, on the other hand, recorded an increase at an annualised rate of 23.7 per cent.
  • During the Meeting Kenyan investors also undertook exhibitions showcasing some of their products.

Kenya and Ethiopia have renewed the push to streamline the bottlenecks that are hampering trade growth between the two states. A delegation of the National Assembly to the Kenya-Ethiopia Trade and Investment Mission held in Addis Ababa, Ethiopia, has rooted for the speedy removal of bottlenecks hampering cross-border trade between both Nations.

Kenya and Ethiopia have engaged in bilateral trade across multiple sectors, including agriculture, manufacturing, energy, and services, with the balance of trade hugely in favour of Kenya. In 2022, Kenya exported $95.1M (Sh12.8billion) to Ethiopia, mainly Palm Oil $12.4M (Sh1.7billion), Metal Stoppers $7.95M (Sh1.1billion), and Yeast $6.92M (Sh934million).

This compares …

  • Kenya’s government has been urged to address challenges manufacturers face amid the implementation of the Africa Continental Free Trade Area (AfCFTA)
  • The government is yet to put in place mechanisms to ensure the country takes full advantage of the benefits of AfCFTA to manufacturers
  • Dwindling country competitiveness and lack of product competitiveness 

The government of Kenya has been urged to address challenges manufacturers face amid the implementation of the Africa Continental Free Trade Area (AfCFTA).

Kenya Association of Manufacturers (KAM) Acting CEO Tobias Alando noted that whereas the trade agreement provides the best opportunity to realise the regional, national and business goals, Kenya is yet to put in place mechanisms to ensure the country takes full advantage of the benefits of AfCFTA to manufacturers. 

Challenges facing manufacturers in Kenya 

Alando noted that the export market in Africa is expected to increase with the full implementation of AfCFTA. However, if unaddressed,

By being awarded the ISO: 9001:2015 certification, the international designer and cookstoves manufacturer demonstrates the company’s dedication to providing consistently high-quality products and constantly improving its design, manufacturing, and distribution processes to increase customer satisfaction with those processes and the company’s products.

This certification was awarded to BURN Manufacturing after a 12-month assessment of its business processes across all of its core departments by the world’s leading certification company, SGS United Kingdom Ltd.

BURN Manufacturing joins the ranks of more than one million companies and organisations located in 170 different countries that have been certified by the International Standards Organization (ISO).…

  • The open skies policy will allow foreign airlines to easily access national airports to boost tourism
  • In early July, aviation stakeholders resorted to testing the opening up of African skies during a conference held in Nairobi
  • Intra-Africa air connectivity still remains low, with African airlines accounting for 1.9 per cent of global traffic in 2021, down from 3.5 per cent in the 1980s
All airlines within East Africa will fly across the region without restrictions as Kenya and other partners pilot an open skies policy. The policy will allow foreign airlines to easily access national airports to boost tourism and develop the East African Community (EAC) as a potential regional hub.
Maureen Kahonge, the business development and communications senior manager at the African Airlines Association (AFRAA) said they chose EAC because its states were already in talks to harmonise various policies on taxation.
“We want to look on now
  • Digitization of logistics and compliance with sustainability policies will shape the future of logistics in African markets.
  • Digitalization involves the development of digital platforms that match supply to demand, whether it be courier apps that deliver groceries or platforms that coordinate freight delivery.
  • Sustainability significantly overlaps with compliance and regulatory requirements. This means stricter regulations on emissions from logistics vehicles, monitoring of cargo ship pollution, and other issues.

The COVID-19 pandemic caused massive damage to global supply chains, with challenges including route congestion and blockages, a global shortage of key logistics components including shipping containers, lack of space in warehouses, a spike in transportation costs, and substantially increased demand for goods around the world, post-lockdown.

Supply chain stability is also under question due to increased tensions as the Russian-Ukraine war drags on.

According to The Africa Logistics, measures to heal and strengthen ailing chains include digitizing parts of the supply …

  • Thousands of young people in Kenya’s Nyanza region will get jobs at the Kisumu Shipyard  
  • President Uhuru Kenyatta said the shipyard would also create business opportunities for youths in Kisumu 
  • The facility, under the Kenya Shipyards Limited, will also encourage the growth of primary and ancillary manufacturing industries

Thousands of young people in Kenya’s Nyanza region will get jobs at the Kisumu Shipyard, which has just been operationalised.

On August 2, 2022, President Uhuru Kenyatta said the Kisumu shipyard would also create business opportunities for youths in Kisumu.

Kenyatta said the facility, under the Kenya Shipyards Limited, will also encourage the growth of primary and ancillary manufacturing industries.

He also noted that the Kisumu Shipyard would improve transport and safety in the lake, enhance intermodal transport, and boost fishing, tourism and other economic activities in the Eastern Africa region.

“The role of the Kenya Shipyards Limited in developing the Blue …

After years of falling behind equities and fixed income in terms of the rewards they offered to investors, real estate has once again returned to the top end of returns offered by asset classes in the country, thanks to a price appreciation of 10.5% and an appreciation of 2.4% in rental yields over the same period.

Investors in government securities, which account for the vast majority of fixed income assets in the country, have been offered interest rates ranging from 7.2% to 14% across the spectrum of tenors, even though the All Share Index on the Nairobi Securities Exchange (NSE) has decreased by 16% so far this year.

“The net result of the rising rents and property values is an increase in overall property returns of 16.26% annually. These returns outperform other asset groups and provide safer inflation hedges,” added Ms Hassanali.…

Subscribe to Our Newsletter

STAY INFORMED

Unlock Business Wisdom - Join The Exchange Africa's Newsletter for Expert African Business Insights!

Check your inbox or spam folder to confirm your subscription.

Stay ahead of the game with our weekly African business Newsletter
Recieve Expert analysis, commentary and Insights into the enviroment which can help you make informed decisions.

Check your inbox or spam folder to confirm your subscription.

Exit mobile version