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Browsing: Kenya National Chamber of Commerce and Industry (KNCCI)
- Kenya’s business conditions weakened slightly in March despite easing inflation.
- Kenyan firms reduced their purchases of inputs in line with weaker sales.
- Most businesses remain optimistic about their workforce size and revenue growth in the year’s second quarter (April-June).
The latest Stanbic Bank Kenya Purchasing Managers’ Index indicates that Kenya’s business conditions weakened slightly in March despite easing inflation.
The deterioration in operating conditions was witnessed across the private sector as order book volumes and output levels contracted. The downturn contrasted with February, which saw an improvement in the private sector for the first time in six months.
Despite the decline, the survey data provided some positive signals for Kenyan businesses. Staffing and inventories showed further growth, indicating potential expansion opportunities.
Additionally, input cost inflation slowed to its lowest level in over three years amid a recovery in the shilling against the US dollar and other major currencies, including those …
Hong Kong is targeting investment and trade deals in Kenya in renewed effort to deepen its relations with the East Africa’s economic power house.
The Hong Kong Trade Development Council (HKTDC) this week led a delegation to Nairobi and Mombasa, eying investments in the Kenyan market.
It is keen to tap on investments under the government Public Private Partnership (PPP) initiatives, in a close collaboration with the Kenya National Chamber of Commerce and Industry (KNCCI).
The delegation which included ten leading companies held talks with the Kenyan business community and government in Nairobi and Mombasa, with KNCCI playing host during the six days visit that commenced on Monday.
Hong Kong companies are eying investments in Export Processing Zones (EPZ), export market, Special Economic Zones, logistics, real estate and trade.
READ ALSO:What Kenyatta secured at China Belt and Road Summit
Speaking during a Nairobi forum, KNCCI President Richard Ngatia encouraged …
Kenya and the European Union (EU) have renewed their commitment to a stronger relationship that will enhance trade, support businesses and growth of their economies.
This came after President Uhuru Kenyatta on Friday hosted a business dialogue meeting with the Kenya Private Sector Alliance (KEPSA), the delegation of the European Union in Kenya and the European Business Council (EBC) at State House Nairobi.
On the side-lines of this meeting, President Kenyatta also met with ambassadors from the European Union countries to discuss trade related matters.
Besides fostering the relationship between the private sector in Kenya and their counterparts from the EU operating in Kenya, the meeting aimed at seeking investment commitments from the private sector in Big Four agenda and the Blue Economy sector, forging a formal dialogue engagement between KEPSA, EBC and the government of Kenya.
The business dialogue meeting between KEPSA and EBC was conducted in two sessions. …