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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Green Food Packaging Market in East Africa
Posted on :Tuesday , 26th January 2021
Today's companies call for creative and superlative strategies to succeed in this rapidly changing marketplace. With Green Food Packaging, businesses can gain unprecedented insights and awareness of the best business prospects in their relevant markets.
Due to rising demand at the end user level, the market will witness growth during the forecast period. The green food packag. . .
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. . .
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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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