Kenya Plans to Become Manufacturing Base For US Companies

Posted on :Friday , 23rd September 2022

Kenya is looking to become a manufacturing hub for American companies that are to relocate or diversify out of China, the Business Daily newspaper reported.

Kenya has long sought a free trade agreement with the US. Initial discussions started in August 2018 and in July 2020, the 2 countries formally launched negotiations for a free trade agreement.

Industri. . .

Nairobi Ranked 5th in Africa’s Dollar Millionaires

Posted on :Friday , 23rd September 2022

Kenyan capital, Nairobi has been ranked 5th in terms of the number of dollar millionaires in Africa in a report by research firm New World Wealth and Henley & Partners.

The latest Henley Global Citizens Report, which tracks private wealth migration trends worldwide, shows Nairobi has 5,000 high net worth individuals (HNWI) with at least dollar 1 million.

Qatar, Kenya Discuss Bilateral Relations

Posted on :Friday , 18th February 2022

Undersecretary of the Ministry of Commerce and Industry H E Sultan bin Rashid Al Chapter met with Deputy Minister of Trade and Industrialization of the Republic of Kenya H E Lawrence Karanja during the latter’s current visit to Qatar.

During the meeting, the officials touched on the bilateral relations between the 2 countries in the commercial, industrial and investment. . .

Kenya & Barbados Sign Bilateral Trade Agreements

Posted on :Friday , 22nd October 2021

Kenya and Barbados have signed 3 key bilateral agreements for cooperation in aviation, environmental conservation, trade and investment.

President Uhuru Kenyatta and Prime Minister Mia Amor Mottley witnessed the signing of an air services agreement, a MoU on the development of the national botanical garden of Barbados, and another one on the establishment of a Joint Committee. . .

PCK Signs A Deal With Swift Lab- A Kenyan Drone Firm

Posted on :Friday , 22nd October 2021

Under the 3-year agreement, Swift Lab Limited, a Kenyan cargo drone company will manufacture and operate drones that can travel up to 70km and carry a payload of up to 4kg.

“We want to invest in the production of drones, it is not only our obligation as government to invest in Kenyan technology, but we are also keen on clawing back our market position as the courier and. . .