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- Kenya’s economy posts 5.6 per cent GDP growth in 2023
- The Crucial Role of Private Capital Africa’s Economic Development
- Kenya’s Marine Potential: Fostering Sustainable Blue Economy
- American nationals arrested in foiled attempt to overthrow President Tshisekedi
- The role of financial services in achieving financial inclusion in Rwanda and beyond
- AIM Global Foundation wraps up its engaging participation at Russia’s Kazan Forum
- Will Tanzania’s new truck assembly plant revive old coal mines?
- Communications Authority of Kenya needs $820M for digital superhighway goals
Industry and Trade
- Kenya is pioneering steps towards integrating the concept of the Blue Economy within its governance structure
- Blue Economy has the potential to create direct jobs in the shipping and fishing sectors while indirectly creating jobs
- According to Kenya Maritime Authority (KMA), the industry regulator, Kenya exploits just 8 per cent of the potential of its marine fisheries.
Kenya’s marine potential is vital for social and economic growth and development of the country. Kenya is pioneering steps towards integrating the concept of the Blue Economy within its governance structure have set a precedent for sustainable development in the African continent. With the establishment of the Ministry of Blue Economy, the nation has showcased its commitment to harnessing the vast potential of its marine resources. This move signifies a crucial shift in prioritising the preservation and utilisation of the ocean’s bounty, in line with global sustainability goals.
Kenya has a long coastline …
- The Communications Authority of Kenya has finalised Phase I of the cellular mobile infrastructure project which connected 76 sub-locations.
- The authority also targets the expansion of the postal services and digitally empowering the youth.
- The Authority finalised the rollout of Internet connectivity in 886 public secondary schools spread across 47 counties.
The Communications Authority of Kenya will need at least Sh107 billion ($819.9 million) to protect consumers and foster competitive ICT markets in a bid to establish Kenya as a digital superhighway. While unveiling its five-year strategic for 2023-27, CA Director-General David Mugonyi said the authority would prioritise increased broadband penetration, adoption of emerging technologies and improvement of cyber security as a way of powering the government’s Bottom-Up Economic policies.
The authority also targets the expansion of the postal services and digitally empowering the youth, women and people living with disabilities. “The goals are backed by a robust implementation plan …
- Sustainable Trade in Tanzania seeks to integrate the strengths of private sectors and civil society organisations to promote green growth.
- The plan seeks to grow trade practices that are both inclusive and environmentally sustainable.
- The project seeks to improve trade resilience to climate change by advocating for sustainable trade practices.
The Foundation for Civil Society (FCS) and TradeMark Africa have sealed a grant agreement to launch a $ 900,000 Private Sector and CSOs project to drive sustainable Sustainable Trade in Tanzania and inclusive business practices, addressing the significant systemic challenges in Tanzania’s trade sector.
Funded by the Foreign, Commonwealth & Development Office (FCDO), Ireland, and Norway, the TZS2.3 billion ($900,000), the project seeks to integrate the strengths of private sectors and civil society organisations to promote green economic growth.
Many women in Tanzania remain in the informal trading sector, facing barriers such as limited access to finance and inadequate training …
- Mega oil projects in East Africa such as EACOP are transforming the way local content is executed
- Pan African Energy Tanzania (PAET) is transforming energy generation capacities in Tanzania
- Tanzania is planning to expand its power ambition by becoming an independent power provider beyond the border
TheTanzania Energy Congress (TEC) kicked off in the nation’s commercial capital – Dar es Salaam by summoning more than 1000 participants and 100 exhibitors from 25 countries worldwide at the forefront of top-tier discussions about partnership and groundwork.
TEC is unveiling several exciting issues that could bring Tanzania’s local players and international oil and gas companies on the same page and realize the East African ambition.
With local actors showcasing their groundwork up and downstream such as Tanzania Petroleum Upstream Regulatory Authority (PURA), Tanzania Petroleum Development Company (TPDC), as well as energy producers such as Tanzania National Energy Supply Company (TANESCO), the congress …
CCA president and chief executive officer Florizelle Liser said the forum allowed over 2,200 participants to network.
“CCA looks forward to partnering with the US Chamber to jointly convene the private sector as part of the Summit’s Africa Business Forum, which will help drive progress towards a trade and investment relationship that unlocks opportunity and growth for both the U.S. and Africa,” Liser said.
The US-Africa Leaders Summit will build American and African shared values and hopes to foster new economic engagement. It will also reinforce the two regions’ commitment to democracy and human rights. Among the issues to be discussed are mitigating the impact of COVID-19 and future pandemics and working collaboratively to strengthen regional and global health.
Climate change is another matter of concern that needs a response by respective governments. Nevertheless, Biden said he was hopeful the summit would be a success.…
During the forum, USTDA and AIF demonstrated how the relationship between the two organisations helps improve women’s leadership in developing sustainable infrastructure in Africa.
Additionally, it also backed the U.S. government’s Prosper Africa effort to enhance commerce and investment between African states and the United States.
At the closed-door meeting, participants included:
Female business executives from Africa’s private sector,
Representatives from the United States government, and
Representatives from international development funding agencies.
“It is of the utmost importance to get women together to discuss the opportunities that may be found in the development of infrastructure and in gaining access to financing. Bringing together women to talk about infrastructure development opportunities and access to capital, said Enoh T. Ebong, the Director of USTDA.…
- 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
