Browsing: Kenya Private Sector Alliance (Kepsa)

• Handcraft artisans in Kenya have over the years been exploited by profit-sapping middlemen who set prices for them.
• According to the Kenya Economic Survey Report 2023, the Jua Kali sector contributed 25% of the GDP, a similar contribution rate to that of agriculture.
• One of the challenges that the engagement is looking to address is the disparity in pricing for similar products, depending on where they are made.

Technology and education are transforming the lives of Kenyan handmade craft artisans, offering new opportunities for growth, sustainability, and global market access. Artisans, who traditionally relied on local markets and limited resources, are now tapping into digital platforms and skill-building programs to expand their reach and improve their livelihoods.

The integration of tech solutions, including e-commerce platforms, social media marketing, and digital payment systems, has enabled artisans to showcase their products beyond Kenya’s borders.

Platforms such as Etsy, Facebook, and Instagram are …

• KEPSA, Kenya’s private sector lobby, tables economic manifesto to spur jobs and wealth creation.
• The proposal seeks to deepen social transformation, bridge inequalities and enhance governance.
• The lobby group is also keen on investing in cutting-edge innovation and competitive human capital capabilities.

Kenya’s private sector plans to channel investments equivalent to 32 percent of the GDP each year, into key productive industries. The plan, which will be implemented in the next five years targets agribusiness, manufacturing, energy, financial services and infrastructure development.

According to the Kenya Private Sector Alliance (KEPSA) Chairperson Flora Mutahi, the initiative will spur business growth and create jobs.

A globally-competitive country

Ms Mutahi spoke when KEPSA hosted the Senate Liaison Committee Roundtable in Mombasa, bringing together the business community and the Legislators. The Committee is Chaired by the Deputy Speaker of the Senate Kathuri Murungi.

The forum sought to establish a partnership between KEPSA and the …

• Rwanda and Kenya who have already started trading through the agreement.
• Mid-February, Tanzania also said it was ready to trade under the agreement.
• The implementation of AfCFTA is projected to increase intra-African trade significantly, especially in manufacturing.

Uganda has expressed readiness to join Kenya, Tanzania and Rwanda in trading under the African Continental Free Trade Area (AfCFTA) as the continent slowly embraces the pact.

The implementation of AfCFTA is projected to increase intra-African trade significantly, especially in manufacturing.

The share of intra-Africa exports to total global exports is expected to increase in Tanzania by 28 per cent, Uganda by 29 per cent, Rwanda by 33 per cent and Kenya by 43 per cent.

“As Ugandan private sector, we are ready to trade under the AfCFTA Guided Trade Initiative and follow our counterparts from Rwanda and Kenya who have already started trading through the agreement,” East African Business Council (EABC) Vice …

• Kenya’s Cabinet Secretary for Investment, Trade, and Industry Moses Kuria is leading a high-powered government delegation to London for the Economic Partnership Agreement and Investment meeting.
• Kenya is leveraging on the talks to intensify pitches to investors.
• This is in an effort to net at least $10 billion in Foreign Direct Investments (FDIs) this year.

Kenya’s Cabinet Secretary for Investment, Trade, and Industry Moses Kuria is this week leading a high-powered government delegation to London for the Economic Partnership Agreement and Investment meeting, that Kenya seeks to intensify pitches to investors.

The government is aiming to net at least $10 billion in Foreign Direct Investments (FDIs) this year in a plan mooted by the Kenya Investment Authority.

The forum is being held through a Ministerial Council meeting on the Economic Partnership Agreement, which was scheduled to kick-off on Tuesday, March 21, 2023 in London.

“The forum will provide a platform …

Corporate Council on Africa (CCA) in partnership with Kenya Private Sector Alliance (KEPSA) hosted a discussion with Kenyan and U.S. business leaders and government officials on the benefits that will arise from a Kenya-U.S. Free Trade Agreement

The round table discussion explored how the private sector can support this bilateral effort and take full advantage of investment and trade opportunities that will come from a Kenya-U.S. Free Trade Agreement.

This comes as a follow up to the recent visit of H.E. President Kenyatta to the United States, where both states announced the launch of talks aimed at establishing a free trade agreement (FTA) between the two countries.

If the plans succeed, it will be the first the United States FTA with a sub-Saharan African nation.

To enhance its trade and investment relationship with other African countries, the U.S might use the same model.
President and CEO of the Corporate Council …

Rwanda has maintained its position as the leading country in East Africa on the ease of doing business, the latest World Bank ‘Doing Business 2020’ shows.

This is despite dropping nine places to 38 globally from 29 last year.

READ  ALSO:How Rwanda has strategically positioned itself as an investment hub

Kenya comes in second in the region and 56^th globally, having improved five places from position 61 last year.

READ:Kenya ranks 61 from 80 in World Bank’s Ease of Doing Business

Uganda and Tanzania come a distant 116 and 141 globally respectively while DR Congo and South Sudan are near the bottom ranking 183 and 185 respectively, out of the total 190 in the index. This places them third fourth fifth and sixth respectively in the region.

Indicators that make Rwanda top include starting a business which has been made easy by exempting newly formed small and …

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. …