Browsing: Kenya Private Sector Alliance

• The proposed AGOA extension signals a commitment to bolstering trade relations between the US and Africa.
• US Senators Chris Coons and James Risch have introduced the bipartisan Agoa Renewal and Improvement Act of 2024, aiming to integrate AGOA with the AfCFTA.
• Bill aims to refine AGOA’s eligibility criteria, increase transparency, and hold US agencies accountable for their advice to the president: Senator Risch

AGOA extension proposal

The US Congress has proposed extending the African Growth and Opportunity Act (Agoa) to 2041, covering all 54 African countries. Senators Chris Coons of Delaware and James Risch of Idaho introduced the bipartisan Agoa Renewal and Improvement Act of 2024, aiming to integrate Agoa with the African Continental Free Trade Agreement (AfCFTA) to foster intra-African supply chains.

Originally enacted in 2000, Agoa is set to expire next year. However, the proposed extension signals a commitment to bolstering trade relations between the United States and …

At the same time, KEPSA said the initiative will provide a unique platform to facilitate U.S. and Kenyan SME partnerships.

It will also help in supporting women and youth to run Kenyan entrepreneurs as well as U.S. women, minority, and diaspora owned businesses, and help SMEs in both countries address the current challenges many faces to access the two markets.

The agreement was signed by CCA President & CEO Florizelle Liser and KEPSA CEO Carole Kariuki and witnessed by President Uhuru Kenyatta in New York, U.S.A.…

Desperate times call for desperate measures and with Kenya’s flower sector hit hard by covid-19, it is time that the country sought ways to maintain relationships with its key markets.

The first gesture by the Kenya flower sector has been to send some 300 bouquets to the United Kingdom in what was called “solidarity with covid-19 frontline combatants” in a campaign dubbed Flowers For Hope.

Kenya’s national carrier Kenya Airways (KQ) flew the consignment on Friday night last week in a move set to keep the flower market open for business when the coronavirus pandemic passes.

The flowers to be distributed to those in the frontline of combating the pandemic including doctors, nurses and recovering patients and care homes were in sleeves inscribed with President Uhuru Kenyatta’s goodwill message.

Kenyatta’s message read, “There have been a few moments in history when the world has faced a crisis as far-reaching …

In 2017, 11 of the 43 major infrastructure projects in East Africa were in Kenya and while these numbers may have shifted, the dynamics have not changed much for the region.

For the past 20 years, East Africa has experienced an unprecedented real estate boom which has transformed the skylines changing the building landscape and inventory.

While the demand continues, especially for affordable housing targeting the low-income bracket, the shopping malls and office spaces are outpacing demand leading to declining returns in the sector for some.

The East African region still has a high and unmet demand for warehouses, hotels and student hostels as more and more students continue seeking education far from home.

Read: Intra-regional trade could create 2 million new jobs for East Africa

Over the course of time, construction has primarily focused on high-end assets due to the belief that they delivered higher margins and higher returns …

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Economies around the world are taking a beating from Corvid-19 as aspects of their production and consumption take a nosedive.

With countries now dependent on each other for trade, sources of raw materials and labour, the coronavirus is bringing an end the approach to doing business globally as we know it. With much more connections through travel, the virus has found a way of stymying growth in several countries- including China, the epicentre of the outbreak- and many others which are still finding ways and means of addressing the challenge.

The worst-hit at this stage are those that depend on goods and services from China.

See: Intra-regional trade could create 2 million new jobs for East Africa

And while Africa is still largely safe from the ravages of the virus, many countries are already feeling the heat since they cannot procure goods from China following the lockdown and …

Pending bills by county governments, lack of harmony in policies and the multiplicity of taxes are among the issues facing the private sector in the counties…