Market News
KITE 2021 gets coveted partnership endorsement from the Kenyan Government
The 23rd Kenya International Trade Exhibition, to be held from 10th to the 12th of June 2021, has received the official endorsement of the Ministry of Industrialization, Trade and Enterprise Development, Government of Kenya. The endorsement was conveyed via a letter presented by Hon. Dr. F. O. Owino, Principal Secretary to Expogroup.
The exhibition has grown in stature from its inception 22 years ago, as the key networking and sourcing platform for the industries. As the largest event of its kind, it ensures direct access to over 150 exhibitors from 30 countries and more than 12,000 trade visitors.
Through the partnership with Expogroup for the 23rd KITE 2021 the Ministry of Industrialization, Trade and Enterprise Development with the help of its premier agency Kenya Investment Authority aims to further its mandate to attract local and foreign investors, create business linkages, and expand the local and foreign market for goods and services.
Kenya is the largest and the most advanced economy in East and Central Africa; with strong growth prospects supported by an emerging, urban middle class and an increasing appetite for high-value goods and services.
Kenya is open for business to well-positioned companies with strategic objectives of tapping into the growing potential of emerging markets in East and Central Africa.The country is a dominant economy in the East Africa Community, contributing to more than 50% of the region’s GDP.Global Brands have already made it Kenya their regional HQ's due to the attractive opportunities and appealing location. Major global brands have already invested in Kenya as part of their strategies to access the wider regional markets and opportunities.
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Japanese firm launches $15m African startup fund, reveals 5 investments
Posted on :Tuesday , 30th March 2021
Uncovered Fund, a venture capital company focused on early-stage entrepreneurs in Africa, announced today the opening of its $15 million fund, which is set to close at the end of June this year. Takuma Terakubo's Tokyo-based firm, established in 2019, will invest $50,000 to $500,000 in African startups in the seed and Series A phases.
Uncovered Fund invests in retail, fintech. . .
Kenyan Entrepreneur moulds unwanted Plastic into Bricks
Posted on :Tuesday , 30th March 2021
Plastic waste from factories and businesses is turned into extremely powerful paving bricks by a Nairobi-based social enterprise.
Nzambi Matee founded Gjenge Makers after becoming frustrated with how little was being done to address the pressing issue of plastic pollution in her country.
Her and her team were named Young Champions of the Earth for 2020 by t. . .
Kalro receives Sh300,000 in EU funding to improve food security
Posted on :Tuesday , 30th March 2021
The European Union has given the Kenya Agricultural and Livestock Research Organization Sh300 million to help with food security.
The funds will also be used to expand research and the use of climate-smart technology in the fight against climate change.
The AgriFI Kenya Climate Smart Agricultural Productivity Project will introduce the five-year programme.<. . .
M3 Inc. of Japan to invest in Africa Health Holdings Ltd.
Posted on :Wednesday , 24th March 2021
M3, Inc., a medical Web portal headquartered in Tokyo, has announced that its multi-stage corporate venture fund 1P1Y will invest in Africa Health Holdings Ltd, which runs medical facilities in Ghana, Nigeria, and Kenya.
M3 will use this investment to improve the effectiveness and complexity of Africa Health's infrastructure, as well as to support its expansion plans. M3 will. . .
KEB publishes new rules for environmentally-friendly paper packaging
Posted on :Friday , 5th March 2021
New standards for Kraft paper processing have been accepted by Kenya's Bureau of Standards (KEBs).
The guidelines define the sampling and testing criteria for Kraft paper used in the packaging of greasy and oily foods, as well as dry foods like sugar and flour, bread bags, shopping bags, wrappings, and laminates.
The new guidelines specify grease or oil res. . .
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Expogroup
Expogroup is a full service exhibition organiser with over 23 years experience in International trade exhibitions. Our current portfolio includes 27 annual exhibitions from a diverse range of industries being held across the Middle East & Africa.
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