• Companies within the Special Economic Zone (SEZ) benefit from reduced corporate tax rates, zero-rated VAT, lower withholding taxes, and preferential import duties.
• The business hub has successfully attracted 17 firms so far, and eight have already enjoyed the benefits of the SEZ framework.
• By 2040, Nairobi Gate envisions a facility that supports Kenya’s industry needs and serves as a model for SEZ operations in sub-Saharan Africa.

Nairobi Gate Industrial Park Special Economic Zone (SEZ) has announced the groundbreaking of its fifth phase, a $7 million expansion project in Kenya’s agro-processing industry.

Designed to support Kenya’s agro-processing potential, this initiative reflects Nairobi Gate‘s strategic commitment to nurturing local industries and empowering the country’s role in regional and global supply chains.

The development aims to create a modernized environment tailored for light manufacturing, offering critical infrastructure and streamlined operational benefits for businesses.

Scaling up agro-processing and light manufacturing

At the heart …

• To maintain any sort of forward trajectory – to ensure our art remains highly valued locally and internationally – it is of vital importance that we, as the private sector, continue to support the collectors and the artists who are helping to grow interest in the sector.

A diversified portfolio is one of the key metrics of investment success. The greater this diversity, the more likely it will outperform the market, and the savviest investors are often looking for new opportunities: the rising stars among new asset classes.

Investment in art is certainly not a new concept, but what makes it unique is that it often has low correlation with other major asset classes, meaning lower overall price volatility. It’s the sure bet, sometimes with incredible escalating value, especially for those opting to invest in blue-chip artists renowned artists whose work demands high prices in the art market.

However, not …

• A networking program in Dubai draws industry leaders for partnership opportunities and insights into eco-friendly trends.
• Industry experts explore the latest global trends, from eco-friendly wood manufacturing techniques to sustainable interior design solutions.
• Investors seek to establish business deals that open doors for expansion into new markets.

The Dubai WoodShow, one of the premier events in the global wood and woodworking machinery industry, recently hosted a networking program at Radisson Blu Hotel Dubai, setting the stage for innovative collaborations and cutting-edge advancements.

The event drew over 50 companies from diverse sectors, such as woodworking machinery, furniture tools, and accessories, and aimed to foster connections, share insights, and explore strategies that address the evolving needs of the wood industry.

Dawood Al Shezawi, President of Dubai WoodShow, remarked that the event supports Dubai’s growing reputation as a global business hub by enabling industry stakeholders to exchange ideas and forge strategic partnerships.…

• Founded in 2022, Madica provides investment funding of up to $200,000.
• Nigeria-based Earthbond simplifies access to clean, affordable energy for African SMEs.
• Earthbond will gain from executive coaching opportunities, and access to Madica’s global network of investors for follow-on funding.

Madica, an investment program tailored for pre-seed stage startups in Africa, is channeling funding in Earthbond, a climate tech startup unlocking affordable, reliable solar energy for Nigerian SMEs.

Following the investment, Earthbond will participate in investment program which includes 18 months of dedicated mentorship support.

“We are excited to be investing in this exceptional startup as it tackles some of today’s biggest climate challenges. We won’t be able to continue the advancements of the African tech ecosystem without addressing power, and we are impressed by the team at Earthbond, their vision, and the technology that provides an affordable and eco-friendly solution. Earthbond has tremendous potential to drive an equitable clean …

• Flour Mills of Nigeria Plc plans to invest up to $1 billion over the next four years in an expansion and restructuring drive.
• The investment is a welcome boost to President Bola Tinubu’s reform efforts.
• Flour Mills will invest at least $500 million in its sugar operations in Niger state to scale production to more than 400,000 tons a year from the current 1000 tons.

Flour Mills of Nigeria expansion

Flour Mills of Nigeria Plc, the country’s biggest milling company, plans to invest up to $1 billion over the next four years in an expansion and restructuring drive after its majority shareholder offered to privatize it.

This significant funding will focus on boosting production capacity and exploring new markets across Africa while leveraging the African Continental Free Trade Area (AfCFTA). According to the company’s Chairman, John Coumantaros, this new funding is about doubling investment in Nigeria.

The investment is a …

• The firm’s new Nairobi factory has tripled production capacity, fueling the county’s transition to electric motorcycles.
• Ampersand already has over 1150 e-bikes on the roads of Nairobi
• The latest expansion underscores the company’s commitment to cutting carbon emissions and driving clean economic prosperity across Africa.

Ampersand, one of Africa’s electric vehicle (EV) energy tech companies, is ramping up its presence in Kenya with the opening of a new, larger plant in the capital, Nairobi. This expansion is poised to triple the company’s production capacity in the country, a strategic move aimed at meeting the surging demand for electric motorcycles (e-motos).

With over 1,100 Ampersand e-motos already zipping through Kenyan roads, the need for more is clear—and Ampersand is prepared to deliver.

A strategic expansion for sustainability

Ampersand’s new Nairobi factory is a significant upgrade from its previous operations. Spanning 21,000 square meters, it is more than three …