Browsing: Kepsa

• 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 has announced plans to develop a circular economy strategy to guide the nation’s transition to circularity.
• With the circular economy, Kenya can drive the optimization of resources, reduce the consumption of raw materials, and recover waste by recycling or giving it a second life as a new product.
• However, Kenya is facing significant challenges in adopting circularity, including limited waste collection and recycling infrastructure.

The Kenyan Government has announced plans to develop a circular economy strategy to guide the nation’s transition to circularity. In a statement during the Annual Circular Economy Conference, the Cabinet Secretary for Environment, Climate Change, and Forestry, Soipan Tuya, said that with the circular economy, the country can drive the optimization of resources, reduce the consumption of raw materials, and recover waste by recycling or giving it a second life as a new product.

Strategy helps eliminate greenhouse gases

“Circular Economy is …

• Newly appointed directors on the board of KEPSA take charge and embrace new strategies.
• Change of leadership also seen at KEPSA’s Governing Council where new sector chiefs will steer industry boards.
• KEPSA, which is celebrating its 20th anniversary later this year, has made a significant contribution to Kenya’s economic growth.

Jaswinder Bedi of Bedi Investment is now the Chairperson of the Board of Directors of the Kenya Private Sector Alliance (KEPSA), ushering in a new era at the head of guiding the role of private investments in the nation’s economy.

American Chamber of Commerce

On the occasion of the organization’s 19th Annual General Meeting, Brenda Mbathi of the American Chamber of Commerce, Kenya, was also elected as Vice-Chairperson. Bedi, who has served as the Vice-Chairperson of the Board since 2021 will be succeeding Flora Mutahi after her two-year tenure at the helm of KEPSA Board.

The KEPSA Board also received …

• Kenya has the potential to sequester, reduce, or avoid ~30 metric tons of carbon dioxide equivalent per year and mobilize up to $600 million annually.  
• From 2016 to 2021, Kenya issued ~26 Mt CO2e of carbon offsets, more than any other African country and approximately 20 per cent of total African credits. 
• The Government has set up a technical working committee to support the implementation of Article 6 of the Paris Agreement to leverage the carbon market.

Kenya has the potential to sequester, reduce, or avoid ~30 metric tons of carbon dioxide equivalent per year and  mobilize up to $600 million annually from regulatory compliance and voluntary carbon market (VCM) projects by 2030 using an average price of $20 per ton.

This is according to the latest Kenya Private Sector Alliance (KEPSA) report dubbed “Change the Story: Developing a Local Carbon Market in Kenya”. The report describes the current …

• Most business executives in Kenya expect a stable economy after the August 9 general elections to support higher industry business growth
• Business executives also expressed optimism about hiring additional full-time employees in the next six months, which will translate to increased business operations
• Overall, the current CEOs Business Confidence Index by KEPSA stands at 61 points

As Kenya heads to the polls on August 9, 2022, the Kenya Private Sector Alliance (KEPSA) has launched the CEOs Business Confidence Index Report 2022, showing that most business executives expect a stable economy after elections to support higher industry business growth.

According to the index, the current CEOs Business Confidence Index stands at 61 points overall. Business executives also expressed optimism about hiring additional full-time employees in the next six months, which will translate to increased business operations.

KEPSA CEO Carole Kariuki said the report’s findings come when the ongoing war in Ukraine …

An integrated green hydrogen and green ammonia manufacturing facility in Kenya, powered by renewable energy, is currently being evaluated by Fortescue Metals Group Limited’s (Fortescue) fully owned subsidiary, FFI.

In addition to the construction of large-scale green energy projects around the world, FFI is rapidly progressing and investing in a wide spectrum of green energy activities.

A statement from FFI CEO Julie Shuttleworth: “FFI is devoted to promoting economic growth, employment opportunities for youth, small and medium-sized businesses, and alleviating poverty in the communities where we operate.”…

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.…

The Kenya Private Sector Alliance (KEPSA) says its Booster Program targeting 2000 Micro, Small and Medium sized enterprises (MSMES) has surpassed the set target with over 2,500 MSMES receiving training on various issues.

Launched on launched on 25th February 2021, the training covered Introduction to e-commerce, digital marketing, aftersales, content creation & management.

KEPSA says 1300 businesses were on-boarded onto various ecommerce marketplaces to increase and diversify their revenue streams hampered by the Covid-19 pandemic.

The MSMEs targeted by the program were struggling with their digital brand presence with majority of the MSMES reporting they were either unaware of missed opportunities or did not have a digital brand strategy, which means they were edged out by their counterparts already offering their products and services online.

As the COVID-19 pandemic continues to cause disruptions in global and regional value chains, it is clear that e-commerce is an important tool and solution …

Kenya’s Capital Markets Authority (CMA) has announced a new deal that will help businesses in the private sector forge their way to recovery. 

CMA has signed a Memorandum of Understanding (MoU) with the Kenya Private Sector Alliance (KEPSA) to support market deepening and leveraging capital market products to catalyze growth in the sector.

The partners say the move is line with the Big 4 Agenda and Sustainable Development Goals.

Through the MoU, CMA and KEPSA say they will be seeking avenues for private and public sector finance and investment necessary to support Kenya’s economic growth and complement development funding gaps.

The two institutions will also seek to collaborate in the development of policy and regulatory interventions to create a conducive business environment that will support a robust, resilient, and inclusive financial sector through the growth of the capital markets.

The CMA Chief Executive, Wyckliffe Shamiah said the partnership is expected …

The Kenya Private Sector Alliance (KEPSA) has called on the government to gradually and partially re-open the country to preserve the economy and support health response.

Speaking on Wednesday during a virtual meeting with the government through the office of the National Development Implementation and Communication Cabinet Committee (NDICCC), KEPSA Chief Executive  Carole Karuga reiterated that COVID-19 is the new normal and every effort must be made to ensure there is continued economic activity in the country while upholding measures to safeguard the health of its people.

Karuga urged the government to develop a practical recovery strategy that balances health, economy and societal needs with the support of the private sector.

“Coronavirus is the new global reality. We are working hard to protect our people and curb the spread whilst, getting the economy on a recovery path through ensuring both formal and informal sectors resume to normalcy,” Karuga said.

She …