- African Heads of State call for tripling of World Bank’s concessional financing
- SpaceX offers Starlink kit at half price for first-time Kenyan customers
- Mobile Banking Reshaping the Gender Gap in Financial Inclusion
- Unleashing ideas: AIM Congress sets the stage for over 450 dialogue sessions
- Abu Dhabi welcomes over 330 partners for AIM Congress 2024
- Kenyan Farmers Receive $2M Boost from Africa Fertiliser Financing Mechanism
- Brace for High Interest Rates for a Longer Period World Bank Warns Kenya
- Kenya-Ethiopia Trade Relations: Legislators Advocate for Policy Alignment to Boost Ties
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 …
- 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 …
Leading exhibitors from across the globe will once again head to SGI Dubai to showcase their latest innovations in a live show.
Scheduled to take place on the 19th, 20th, and 21st of September at the SGI Dubai aims to redefine the future of the printing and signage sector for the African industry stakeholders by unveiling its 25th edition this year.
In addition to the traditional sectors such as large format digital printing, signage, textile printing, screen printing, LED, metal cutting & engraving, spare parts, software, media and consumables, the 2022 edition of the show will have a special focus on emerging technologies such as digital display, labelling, 3D printing and artificial intelligence.
As per reports, the African printing industry is expected to cross the value of US$235.3 million by the end of 2031. An estimated 2,000 commercial printing companies are operating in Africa, most of which are small, …
Rising costs have remained a critical issue in the aftermath of the outbreak. Data from the World Bank/NBS Nigeria – COVID-19 National Longitudinal Phone Survey 2020 reveals that food prices rose rapidly following the pandemic. In March and April, basic food commodity prices increased by 17.2 per cent and 18.37 per cent, respectively. According to the National Bureau of Statistics (NBS), the rise remains the highest in two years.
Recent findings based on comprehensive and long-term monthly food price data have revealed considerable price rises for all chosen food categories during the pandemic. Imported rice and wheat costs, for example, have climbed by 41% and 21%, respectively.
Wheat prices surged by 21% nationally, with considerable increases in price dispersion across markets when the epidemic began, and prices continue to grow.
Wheat is the main component of bread and other products such as noodles, pasta, semolina, and other Nigerian pantry staples. …
According to The Citizen, storage capacity construction tender documents, Kenya looks forward to quickly loading cooking gas for truck distribution, which will likely cut demurrage costs.
“LPG storage capacity in Mombasa is limited and huge demurrage is incurred by LPG ships thus affecting the final consumer price of bottled gas,” read part of KPC tender documents” KPC tender document read in part.
As Tanzania continues to domesticate its natural gas and motivate healthy consumption from households to large enterprises, Kenya’s new LPG ambition stands to lower prices for LPG by 30 percent. At the same time, Tanzania looks forward to connecting LPG nationwide.
In April, Kenya revived the stalled subsidy scheme for affordable cooking gas, giving the LPG take up a shot in the arm.…
The practical implementation of the AfCFTA, the expanding middle class, the evolving consumer market, enhanced use of financial technology and services, and the efficiency of the vibrant private sector will all be enablers of African export diversification and long-term economic growth.…
- Kakuzi PLC will begin selling its avocados to China following approvals to send its inaugural Hass variety of avocado consignment to be shipped out to China on July 30, 2022
- The move follows government regulatory agencies’ confirmation that China has now provided the green light for fresh avocado exports to the market
- Kakuzi kicked off the shipping management process following the green light from China, as it seeks to explore and unlock the export opportunity of locally grown fresh avocados
Kakuzi PLC will begin selling its avocados to China following approvals to send its inaugural Hass variety of avocado consignment to be shipped out to China on July 30, 2022.
The move follows government regulatory agencies’ confirmation that China has now provided the green light for fresh avocado exports to the market.
Kakuzi kicked off the shipping management process following the green light from China, as it seeks to explore …
- Safaricom has appointed investment banker John Ngumi as their new chairman, effective August 1, 2022
- The company unveiled Ngumi as the new chair who would take over from Michael Joseph, who took up the position in 2020
- Ngumi has had a 35-year banking career, having worked with local and international corporates with an East African regional presence, state-owned enterprises, sovereigns, and financial services grasps
Safaricom, Kenya’s biggest telecommunications company, has appointed investment banker John Ngumi as their new chairman, effective August 1, 2022.
On Friday, July 29, 2022, Safaricom unveiled Ngumi as the new chair who would take over from Michael Joseph, who took up the position in 2020.
Joseph took the job after Safaricom’s long-serving chairman Nicholas Ng’ang’a retired in 2020.
In a statement sent to The Exchange Africa, Safaricom said the incoming Chairman has had a 35-year banking career, having worked with local and international corporates with an …