Market News
KITE 2023 gets coveted partnership endorsement from the Kenyan Government
The 24th Kenya International Trade Exhibition, to be held from 5 - 7 July 2023, 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 24th KITE 2023 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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Kenya Plans to Become Manufacturing Base For US Companies
Posted on :Friday , 23rd September 2022
Kenya is looking to become a manufacturing hub for American companies that are to relocate or diversify out of China, the Business Daily newspaper reported.
Kenya has long sought a free trade agreement with the US. Initial discussions started in August 2018 and in July 2020, the 2 countries formally launched negotiations for a free trade agreement.
Industri. . .
Nairobi Ranked 5th in Africa’s Dollar Millionaires
Posted on :Friday , 23rd September 2022
Kenyan capital, Nairobi has been ranked 5th in terms of the number of dollar millionaires in Africa in a report by research firm New World Wealth and Henley & Partners.
The latest Henley Global Citizens Report, which tracks private wealth migration trends worldwide, shows Nairobi has 5,000 high net worth individuals (HNWI) with at least dollar 1 million.
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Kenya Announces Recyclable Plastics Roadmap for 2030
Posted on :Wednesday , 14th September 2022
By 2030, all plastic packaging in the nation is to be recyclable or reused, according to a roadmap released by the Kenya Plastics Pact.
The Roadmap has been signed and endorsed by more than 30 company members and supporters of the Kenya Plastics Pact, including people from every level of the supply chain for plastic packaging.
They consist of producers of plastic packaging. . .
Kenya gives Bangladesh a significant amount of agricultural land.
Posted on :Friday , 26th August 2022
In light of Bangladesh's considerable success and good experience in the industry, Kenya has invited Bangladesh to utilise the huge farmland of the African nation for food production.
It also expressed interest in fostering business partnerships, capital investments, and training and knowledge transfers in the fields of agriculture, information technology, women's empowerment. . .
EAC services exports hit $12.9 billion
Posted on :Tuesday , 23rd August 2022
The East African Community (EAC) exported services worth $12.9 billion in 2019 against $933.6 billion worth of imports.
The outbreak of Covid-19 and its resultant impact on trade, notwithstanding, trade in services has contributed immensely to the region's recovery.
This was revealed by the East African Business Council (EABC) executive director John Bosco Kalisa during a high level. . .
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Expogroup
Expogroup is a full service exhibition organiser with over 26 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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