Market News
KITE 2024 gets coveted partnership endorsement from the Kenyan Government
The 25th Kenya International Trade Exhibition, to be held from 20 - 22 November 2024, 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 25th KITE 2024 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 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. . .
EUR 63 million loan, approved by the African Development Bank to boost the production of cereals and oil seeds.
Posted on :Monday , 8th August 2022
The African Development Bank Group's Board of Directors has granted a €63 million loan to Kenya to help it increase its production of cereals and oil seeds by more than 1.5 million metric tonnes over the next two years. The increased output will support the country's food security and economic resiliency.
The loan is a component of the $1.5 billion African E. . .
Coca-Cola Beverage Africa strikes an agreement with Organisations in Kenya for the sustainable recycling of plastic bottles.
Posted on :Tuesday , 26th July 2022
Coca-Cola Beverage Africa (CCBA) has signed a three-year Memorandum of Understanding with VetLab Sports Club and T3-Kenya to recycle 100% of the plastic bottles used at VetLab Sports Club.
T3-Kenya is a social enterprise that converts plastic waste into garments through bottle-to-fashion recycling.
T3-Kenya has agreed to recycle all plastic bottles collecte. . .
Tanzania, Kenya extend fastest trade growth run
Posted on :Tuesday , 5th July 2022
Trade between Kenya and Tanzania extended its run as the fastest-growing in the region in the three months to March, reinforcing the gains of the ongoing elimination of non-tariff barriers.
Data by the Kenya National Bureau of Statistics (KNBS) show that the pace of growth in both the import and export trade extended an impressive run since last year.
This has seen the performance d. . .
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Expogroup
Expogroup is a full service exhibition organiser with over 28 Years experience in International trade exhibitions. Our current portfolio includes 28 annual exhibitions from a diverse range of industries being held across the Middle East & Africa.
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