EAC Economies Holding up Well amid Covid 19 – Report
A report launched by UNECA says regional economies proved resilient but not yet out of the woods, still reeling from the effects of Covid 19.
Category Africa Briefs
Is Kenya AfCFTA-ready?
Kenya has made some efforts to address the trade facilitation challenges that limit our export growth. This includes the Single Window System, and the launch of the Integrated National Export Development and Promotion Strategy among others, tentative steps to becoming…
Nyamakima, Gikomba traders turn to Nairobi Cargo Deconsolidation Centre for goods clearance
With handling capacity improvements and support by KRC, the NCDC is now delivering cargo imported through Mombasa’s port in approximately 15 hours. Since its launch, the facility has so far served more than 200 traders. In the last three months,…
Industry calls for immediate action to bolster economic recovery
The MPA is an annual publication that guides the Association's advocacy efforts with Government and its agencies. This year's MPA is themed around recovery, and the industry umbrella body has urged the Kenya government to urgently act to hasten economic growth.
AfCFTA is a Lifeline for African Economies – President Kenyatta
President Kenyatta reaffirmed Kenya’s commitment to AfCFTA and rallied other African states to work closely with the agency’s Secretariat to ensure that continental trade arrangement succeeds. President Kenyatta pointed out that AfCFTA has the potential to accelerate continental integration efforts…
Kenya most damaged by COVID-19 second wave in Africa – report
The survey in Kenya, Nigeria, Ivory Coast, DRC, Mozambique, and South Africa found 43 percent of 3,000 respondents reporting their emotional well-being had deteriorated during 2020. Around 52 percent of the respondents across all six nations reported a large drop…
Faisal Islamic Bank becomes first Sudanese bank to obtain Mastercard license
Faisal Islamic Bank, Sudan. Enabling digital transactions in Sudan supports Mastercard’s continued effort to bring 1billion people into the digital economy by 2025. Partnership with Mastercard will give Faisal Islamic Bank‘s customers and businesses greater choice and convenience in shopping.…
Denmark commits USD 17.5 million for Kenya, EAC trade
The funding from Denmark will be channelled through TradeMark East Africa (TMEA), a leading Aid for Trade organization that partners with Eastern African governments to reduce barriers to trade. Denmark’s support to TMEA’s Safe Trade, that is being implemented in…
Build skills to promote inclusive manufacturing
While women represent one of the significant pools of untapped talent for manufacturers, closing the skills gap is key to closing the manufacturing sector’s gender gap that has limited businesses’ ability to evolve and expand.
KenGen made 13 billion in Profits for the year ended June 2020
KenGen MD & CEO, Rebecca Miano Increase was mainly attributed to the additional revenue contribution by the 165MW Olkaria V geothermal power plant and proceeds from Kengen’s ongoing geothermal drilling project in Ethiopia. Kengen’s Board has recommended a first and…