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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UK's investment initiative to rejuvenate Kenya's agricultural sector
Posted on :Tuesday , 28th June 2022
Farmers in Kisumu can now sigh with relief as the County Government unveiled a major agriculture investment programme designed to revive the industry in collaboration with a UK-based company, United Green Group (UG).
The sustainable agri-food initiative would give the local farmers access to agro-industrial infrastructure, farming services, and sustainable agricultural practi. . .
Proparco of France buys Sh3.7bn Naivas Supermarket stake
Posted on :Tuesday , 28th June 2022
French sovereign wealth fund Proparco has acquired a $31.5 million (Sh3.7 billion) stake in supermarket chain Naivas as part of a consortium that will take a combined 40 percent ownership in the retailer.
Naivas had earlier announced that Proparco, Mauritian conglomerate IBL Group, and German sovereign wealth fund DEG were taking a minority interest in the company without dis. . .
Turkey’s Investments In Kenya To Hit USD 1 Billion
Posted on :Wednesday , 22nd June 2022
Turkey exports to Kenya include household appliances, processed foods, construction materials, and iron, while Kenya exports mainly agricultural products to Turkey, including coffee, tea, and fresh fruits.
Trade between Kenya and Turkey is flourishing and on track to reach both governments’ target of USD 1 billion, according to Ahmet Cemil Miroglu, Turkey&a. . .
Kenyan potato framers nearing a deal with KFC.
Posted on :Tuesday , 14th June 2022
Kenyan potatoes will be on the menu at Kentucky Fried Chicken (KFC) in the coming month. The Kenya Private Sector Alliance (KEPSA), the Agriculture Sector Network (ASNET), and the American fast food company all intervened.
ASNET chairman Bimal Kantaria said they contacted KFC's leadership and, in collaboration with the Kenya Potato Council, devised a strategy for KFC's utilis. . .
CAK approves Ramco Plexus' purchase of Platinum Packaging.
Posted on :Friday , 10th June 2022
The Competition Authority of Kenya (CAK) has given unconditional regulatory approval to Africa-based investment holding company Ramco Plexus to purchase flexible packaging film maker Platinum Packaging.
Platinum Packaging, founded in June 2009, is a 50/50 joint venture between Ramco Group and Carton Manufacturers.
The company has locations all around Kenya . . .
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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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