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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FAO and UN to invest Shs 7 million in Climate Smart Agriculture
Posted on :Thursday , 21st January 2021
The Food and Agriculture Organization (FAO) and United Nation Women (UN) have formally kicked off a Shs 7 million project aimed at strengthening women’s capacity to meaningfully engage in Climate Smart Agriculture (CSA).
The four-year project in three Arid and Semi-Arid Lands (ASAL) Counties of Laikipia, West Pokot and Kitui is funded by the Korea Internati. . .
Kenya & United Kingdom Sign Trade Agreement
Posted on :Monday , 11th January 2021
Kenya and the United Kingdom on 8th December 2020 formally signed a trade agreement in London.
Betty Maina, Trade cabinet secretary signed on behalf of Kenya while Ranil Jayawardena, international trade minister signed on behalf of the UK.
The trade deal will enable Kenyan exporters to continue accessing the UK market under a duty free, quota-free arrangeme. . .
Kenya's economy will rebound strongly in 2021/22, says the World Bank
Posted on :Thursday , 7th January 2021
According to a report published by the World Bank on 5 January 2021, Kenya's economy will recover strongly after the global economic slowdown in 2020.
The Covid-19 pandemic resulted in significant revenue losses around the world, with Kenya's economy contracting by 1%, according to a survey by the Central Bank of Kenya.
The report predicts that the economy . . .
Kenyan farmers self-reliant with AFC's credit funding
Posted on :Wednesday , 6th January 2021
Franklin Bett, Chairman of the Board of Agricultural Finance Corporation (AFC), urged residents of the county of Marsabit to use corporate lending in order to enhance food safety and generate wealth.
Mr. Bett said that the government committed to make Kenyans autonomous, providing not only affordable but also flexible credit for generating wealth and transforming life. The Ch. . .
Petco Kenya's first material collection facility in Kajiado county
Posted on :Wednesday , 30th December 2020
Kenya PET recycling company (PETCO) has launched a material collection facility in the named county that will boost the waste collection and segregation in collaboration with the Kajiado County Government and the National Environment Management Authority (NEMA).
A PETCO-sponsored pelleting facility worth KES 50 million was designed to help the county handle its rising w. . .
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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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