Browsing: UK

New trend in integrity among Kenya's private sector

The British Chamber of Commerce Kenya (BCCK) has unveiled its inaugural Integrity Index showcasing local companies and how they fair on the integrity test. It features a selection of companies based in Kenya, that have a track record in working with integrity with organizations in Kenya and British Chamber of Commerce Kenya (BCCK) members.

These companies which cut across various sectors including horticulture, ICT, real estate, recycling and water and showcases a new trend in Kenya where Integrated has been prioritized. In the past, Kenyan private sector has been labeled as the hub for corrupt under dealings and this list shines a new light Into Kenyan private sector.

The Index is part of the Business Integrity Initiative (BII) pilot programme, which is run by BCCK in partnership with the UK Department for International Development (DFID), the UK Department for International Trade (DIT) and the UK Foreign and Commonwealth Office (FCO) …

UK to support African Union fight toward Corona-The Exchange

The UK will invest up to £20 million in the new ‘African Union Covid19 Response Fund’ to tackle coronavirus and save lives.

This makes the UK the largest national donor to the fund, which was announced by Cyril Ramaphosa, Chairperson of the African Union (AU) and President of the Republic of South Africa last month. It will support African leaders and technical experts to slow the spread of coronavirus and save lives in Africa and worldwide.

The fund will tackle the pandemic by recruiting African health experts and deploying them where they are needed most, strengthening global tracking of the pandemic, combatting potentially harmful misinformation, providing specialist coronavirus training for health workers and making information about the virus more accessible to the public.

Announcing the funding on May 20th, International Development Secretary Anne-Marie Trevelyan said:

“As the UK faces its biggest peacetime challenge in tackling coronavirus, it’s never been more

The European Union is a big market for Africa’s cut flowers and other products.

The UK left the European Union (EU) in January after a long and tedious process which saw Prime Minister Theresa May quit as the Conservative leader on June 7, 2019.

Following the divorce, the EU and the UK will determine their future trade relations during the transition period which goes on until the end of this year.

With this reorganisation, developing countries could see their exports to the UK increase. The EU could also offer a slightly bigger market for goods coming from these economies. However, this is dependent on whether the UK increases tariffs for third world countries.

Trading with Britain under preferential terms

With this, it is time for Africa as Brexit could create new opportunities for the continent which just became one the largest free trade area in the world with the AfCFTA which will be operational starting in June 2020.

The UNCTAD notes that a no-deal

African Development Bank (AfDB) President Akinwumi Adesina has urged UK investors to ride the wave of the African Continental Free Trade Area (AfCFTA).

“Africa is on the cusp of unmatched economic transformation, and the UK must engage in a “partnership of change,” Mr Adesina has said.

Mr Adesina was speaking during a keynote address at a UK Parliamentary Symposium said that the Africa of the 21st century is very different. “The Africa of the 21st century is new and more confident,” he said.

The Symposium was co-organized by the All-Party Parliamentary Group for Africa with the Royal African Society, Oxford Brookes University, and the Trade Justice Network under the theme UK-Africa Trade and Brexit.

The Bank’s chief argued that Africa and the UK should be significant trading partners. “The reality, however, is that UK’s trade with Africa is trending downwards. From a $49 billion peak in 2012,trade decreased to …