Browsing: Special Economic Zones

Karcher
  • Early last year, another German shoe line announced an investment of $2.66 million to expand its presence in Kenya by 2025.
  • The distribution centre is at the Freight Forwarders Solutions warehouse in Tatu City.
  • In recent years, German firms have shown increasing interest and investment in East Africa.

German-based cleaning equipment manufacturer Karcher has announced an approximate $3.25 million investment in the Kenyan market. The firm is setting up a regional distribution centre in Nairobi as a business expansion strategy to evade the toughening global import supply chain due to high logistics costs resulting from pirate attacks in the Red Sea corridor.

The distribution centre is at the Freight Forwarders Solutions warehouse at Tatu City. The brand has established a presence in seven Carrefour outlets and partnered with various distributors to cater to customer segments.

It has a flagship store in Upper Hill and serves as a brand store and …

Africa Finance Corporation
  • Emuwa brings to Africa Finance Corporation a wealth of experience over three decades.
  • He has been a part of AFC’s Board since 2015, previously serving as the Board Risk and Investment Committee Chairman.
  • AFC, with its partners, is the biggest investor in renewable energy in Africa

Africa Finance Corporation (AFC), the continent’s leading instrumental infrastructure solutions provider, has appointed Emeka Emuwa as Chairman of its Board of Directors.

Emuwa brings a wealth of experience spread over three decades, leading and transforming banking institutions across Africa.

After completing a 25-year career with Citibank, where he left as the Country Officer and Managing Director of Citibank in Nigeria, he went on to serve as the Group Managing Director and Chief Executive Officer of Union Bank of Nigeria.

In this role, he led the bank’s transformation. He worked successfully with the new shareholders to transform and restore one of

The Lekki Free Trade Zone in Nigeria. Such SEZs are some of the investment areas to focus on in Africa’s FDI. www.theexchange.africa

Despite significant risks related to foreign investment in 2021, some indicators point to a potential return of FDI to pre-Covid-19 levels by 2022.

Although the overall value of planned project finance and green-field investments fell considerably, a few large deals announced in 2020 signal that foreign investors are engaged despite the unfavourable investment climate…

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