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Boosting ties: Nairobi to host 2nd Canada-Africa business conference

Investing January 31, 2024

Next month, the 2nd Canada-Africa Business Conference in Nairobi signifies an opportunity for stakeholders to explore avenues for investment.
Canada has been one of Kenya’s big trade partners with Kenyan exports to Canada estimated at US$18.71 million in 2022.
The Canada-Africa Business Conference is a testament to the growing economic ties between the two regions.

Nairobi will host the second Canada-Africa Business Conference slated for February 2024, as the North American country looks to increase its grip on regional investments.

The Canada-Africa Chamber of Business announced that the annual gathering slated for the 19th to 20th of February 2024 in Nairobi, will be inaugurated by Kenyan President William Ruto and will seek to foster bilateral trade relations and investment opportunities between Africa and Canada.

The conference will serve as a platform for government officials, business leaders, and entrepreneurs from both nations to engage in constructive dialogue, explore potential collaborations, and …

The Kenyan government is considering a $15.4million financing option for smallholder tea farmers across the country to help them diversify tea production in Kenya with production of orthodox tea.

What IMF thinks on corruption in Kenya

Kenya October 29, 2019

Kenya is on the right path in the fight against corruption, The International Monetary Fund has said.

IMF Director for African Department Abebe Selassie has commended President Uhuru Kenyatta for spearheading the war against corruption, saying the country was well.

According to Abebe, the IMF is satisfied with the stable economic growth that averages between 5.5 per cent and 6.0 per cent as a result of the ongoing fiscal reforms that the Kenyan Government is implementing to ensure macroeconomic stability.

READ ALSO:Kenya whets investor appetite with Special Economic Zone

“Because of this, Kenya is a leading light in terms of economic reforms and growth in the region,” Selassie said.

The Director for the African Department of the IMF spoke on Monday when he paid the President a courtesy call at State House, Nairobi.

During the meeting, the President and Mr Selassie discussed the relationship between Kenya and the Bretton …

Most entrepreneurs have not prepared a succession plan for their businesses in case of their departure which has led to the collapse of many Small and Medium Enterprises (SME) in the demise or the absence of the business owner. Many SMEs also do not have comprehensive risk and asset management solutions. SMEs must develop a succession plan for their businesses according to Invest In Africa (IIA), a Not-for-Profit entity which is working to enhance the skills, improve access to markets and finance of SMEs. The institution which has partnered with a number of huge companies is leveraging on its online platform–Biashara.Now to create linkages between SMEs, suppliers and financiers.

Why most SMEs die after founder’s exit, way forward

Entrepreneurship July 7, 2019

Most entrepreneurs have not prepared a business succession plan for their businesses in case of their departure, industry players have noted, which has led to the collapse of many Small and Medium Enterprises (SME) in the demise or the absence of the business owner.

In most cases, it is the owner who carries the vision of the business and ensures that the business remains afloat.

Additionally, most SME’s do not have comprehensive risk and asset management solutions, which leaves them greatly exposed to manageable risks and therefore stand a very slim chance of recovering their business in case of an event.

This was reported during an Invest In Africa-Kenya and Liberty Life Insurance forum in Nairobi this week, attended by over 60 SMEs.

The forum was convened to discuss business sustainability beyond the owner under the theme: “Beyond the Business: Is there tomorrow for your company?”

Speaking at the event, …

The Kenyan business community is now hopeful Tanzania will uphold its commitment of opening up its borders for trade under the Single Customs Territory after President Uhuru Kenyatta’s visit to Tanzania this weekend. The diplomatic and trade relations of the two countries had last week plummeted following remarks by a Nairobi politician, which indicated foreigners would be thrown out. President Uhuru Kenyatta has called on East Africans to unite in order to develop a prosperous region. Kenya-Tanzania trade is expected to remain stable with further unity expected among the East Africa Community member states.

Kenya-Tanzania relations now stronger, positive on trade

East Africa July 6, 2019

The Kenyan business community is now hopeful Tanzania will uphold its commitment of opening up its borders for trade under the Single Customs Territory (SCT), after President Uhuru Kenyatta’s visit to Tanzania this weekend.

The diplomatic and trade relations of the two countries had last week plummeted following remarks by a Nairobi politician, which indicated foreigners would be thrown out.

Emotions ran high among legislators of the two countries, after Kenyan-Starehe MP Charles Njagua’s remarks on foreigners.

The legislator on June 26, turned the heat on foreign traders accusing them of taking over key city markets, while they harassed. He threatened to flash out foreigners and have them deported.

Njagua’s sentiments were not well received in Tanzania where a heated debate ensued in Parliament, with legislators threatening a diplomatic action against Kenya.