Market News | KITE 2024

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.

  • Petco Kenya's first material collection facility in Kajiado county

    Posted on :Wednesday , 30th December 2020

    Kenya PET recycling company (PETCO) has launched a material collection facility in the named county that will boost the waste collection and segregation in collaboration with the Kajiado County Government and the National Environment Management Authority (NEMA).

     

    A PETCO-sponsored pelleting facility worth  KES 50 million was designed to help the county handle its rising w. . .

  • EIB launches US$60.9m Africa pharmaceutical development program

    Posted on :Tuesday , 29th December 2020

    The European Investment Bank (EIB) has launched the first ever scheme aimed at strengthening the local production of active pharmaceutical ingredients in Africa and increasing the production of pharmaceuticals that are essential for improving public health.

     

    The EIB's recent US$60.9 million pharmaceutical investment program, unveiled jointly with the KENUP Foundation, would he. . .

  • Kenyan insurtech startup Turaco secures $2m seed funding

    Posted on :Monday , 7th December 2020

    Turaco, a micro-insurtech start-up based in Kenya, has raised $2 million from Novastar Ventures, Mercy Corps Ventures, Musha Ventures, GAN Ventures, Zephyr Acron, and other angel investors in serial seed equity investment.

     

    The investment will be used to expand Turaco further and to increase its operations in Sub-Saharan Africa. In addition, the start-up seeks to build its pro. . .

  • Nairobi the leading online food supply city in Africa.

    Posted on :Wednesday , 2nd December 2020

    Kenya leading in the package through the mobile Internet and shows Kenyans' propensity to browse through their smartphones and desktops. The largest market group are urban, young and tech-savvy people between the age group of 25 and 34.

     

    The 2020 Kenya Food Index shows that online foods and beverages in Kenya is currently $1.8 billion and expected to touch $3.8 billion by the . . .

  • Africom Donates Mobile Field Hospital to Kenya Border Police

    Posted on :Monday , 30th November 2020

    The Africa Command of the United States Military (AFRICOM) donated a mobile field hospital worth SH173 million and transferred an additional SH131 million in vehicles and training equipment to the Kenya Border Police Unit (BPU).

     

    The U.S. Embassy said the new equipment is intended to increase police mobility in border areas, improve weapons capabilities and create training cap. . .

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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