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 partners with Canada-Africa Chamber of Business to boost trade
Posted on :Monday , 26th April 2021
Kenyan companies are poised to benefit from international trade and investment opportunities in North America after being full-time members of the Canada-Africa Chamber of Commerce.
Via knowledge exchange and networking activities, the 27-year-old private, non-profit organization aims to accelerate Canada-Africa trade. It brings together important African decision-makers, inc. . .
The Co-op Bank has secured $10 million in funding to lend to agribusinesses
Posted on :Monday , 26th April 2021
The eco.business Fund, an impact investment sub-fund for Sub-Saharan Africa, has given $10 million to Co-operative Bank for on-lending to sustainable agribusinesses.
The fund's first investment in Kenya provides much-needed funding to businesses looking to improve sustainable agricultural practises, which is especially necessary given the difficult operating environment gener. . .
Apple's innovative fiber-based packaging is assisting in the conservation of Kenya's Savanna
Posted on :Friday , 23rd April 2021
Apple unveiled the Restore Fund, a first-of-its-kind carbon removal programme that will invest in forestry projects to extract carbon from the environment while also providing a financial return to investors. Apple's $200 million fund, which was launched in collaboration with American non-profit Conservation International and multi-national investment firm Goldman Sachs, aims to remove at least. . .
AfCFTA, UNDP sign strategic partnership to boost trade in Africa
Posted on :Friday , 23rd April 2021
The Secretariat of the African Continental Free Trade Area (AfCFTA) and the United Nations Development Programme (UNDP) have signed a strategic agreement to foster trade as a catalyst for Africa's socioeconomic recovery from the Covid-19 crisis, and as an engine of sustainable development in Africa, especially for women and youth, in accordance with the SDGs and Agenda 2063.
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IFC partners with Philips and the Co-op Bank of Kenya in $281m Healthcare deal
Posted on :Thursday , 22nd April 2021
The World Bank Group's International Finance Corporation (IFC) has announced collaborations with health technology company Philips and the Co-operative Bank of Kenya to assist small businesses in the health sector in purchasing critical medical equipment and strengthening their response to Covid-19 and other pressing healthcare challenges.
The agreement is intended to provide. . .
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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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