N e w s

Kenya's External Trade Hits KSh1.4 Trillion in H1 2021

Kenya's external trade value hit KSh1.4 trillion in H1 2021, a 24.3 per cent increase from KSh1.094 trillion in H1 2020. The rise in external trade is attributed to a rebound in global and macro-economic conditions as the world re-emerges from COVID-19 related disruptions. Imports into the country rose by 27.7 per cent to hit KSh991.5 billion, while exports rose by 16.3 per cent to hit KSh368.7 billion. Food and beverages accounted for.... Read more »

Posted on : Wednesday , 29th September 2021

Kenya, UK To Use Blockchain Tech To Free Up Trade Logistics

An initiative to free up 2 way trade between the Kenya and UK was launched in London on 19th July 2021. This was through the signing of a Memorandum of Understanding (MoU) between the Institute of Export and International Trade and TradeMark East Africa at the Kenya High Commission in London. The Memorandum of Understanding provides a framework for collaboration to implement a digital trade corridor between the Kenya and UK. The.... Read more »

Posted on : Friday , 30th July 2021

Tanzania: Govt Banks On Manufacturing Sector, Trade to Boost Economy

THE government of Tanzania is improving the manufacturing sector and trade to boost the economy and make the country develop. German International Development Cooperation (GIZ) has supported a desk study to identify what the manufacturing sector needs to grow and uplift the livelihoods of Tanzanians. GIZ funds this initiative through the Confederation of Tanzania Industries (CTI) Commission. A paper was presented early this month,.... Read more »

Posted on : Friday , 30th July 2021

India, Kenya To Explore Closer Maritime Security, Diversify Trade And Investment

India and Kenya will explore closer security cooperation, especially in the maritime domain, diversify 2 way trade and set up joint ventures as part of a comprehensive partnership. The agreement was reached following extensive talks External Affairs Minister S Jaishankar had during his 12-14 June visit to the East African country. The visit was significant as it took place ahead of the 4th India-Africa Summit New Delhi plans to host.... Read more »

Posted on : Thursday , 24th June 2021

Kenyan Trade Lobby To Promote Imports Of Chinese Machinery To Boost Industrial Sector

The Kenya National Chamber of Commerce and Industry (KNCCI), a business trade lobby, plans to promote imports of advanced Chinese machinery in order to boost the country's industrial sector, an official said on 2nd June 2021. Kariuki Theuri, chairman of economic diplomacy committee with KNCCI, told journalists in Nairobi that Kenya heavily depends on foreign manufactured goods. "We will promote imports of modern machinery from China in.... Read more »

Posted on : Thursday , 24th June 2021

Chinese Firm Begins Construction of New Industrial Park in Ethiopia

China Civil Engineering Construction Corporation has started the construction of a new industrial park in Eastern Ethiopia. The 1st phase of the industrial park will be built on 370 hectares of land near the Dire Dawa. It will feature various clusters and is expected to attract investors into textile, clothing and leather processing sectors. The industrial park will be built close to the Ethiopia-Djibouti standard gauge railway for easy.... Read more »

Posted on : Tuesday , 1st June 2021

Tanzania And Kenya To Re-Ignite Trade And Economic Cooperation

Hon. Samia Suluhu Hassan has just completed a 2 day official visit to Kenya where she met her Kenyan counterpart President Uhuru Kenyatta with the aim to unlock trade and build up economic relations. President Samia Suluhu Hassan addressed the Kenyan parliament, where she pledged to develop co-operative projects including road construction, the construction of a 400 kW power line from Singida to Kenya, complete the One-stop Border Post, and.... Read more »

Posted on : Tuesday , 25th May 2021

Kenya: Mwatate Traders to Benefit From Sh50 Million Modern Market

Traders in Mwatate town, Taita Taveta are set to benefit from a Sh 50 million market under construction in partnership between the county government and the World Bank. The project implemented through the Kenya Urban Support Programme is set to be completed before the end of this financial year 2021 to accommodate over 200 small-scale traders in the area. Kenya Urban Support Programme is a 5 year World Bank programme targeting 45.... Read more »

Posted on : Friday , 7th May 2021

Hope For Kenya-US Trade Deal As Talks Resume

Kenya and the United States have resumed talks on the Free Trade Agreement which was ongoing since last year. Betty Maina, Kenya's Trade Cabinet Secretary and Katherine Tai, US Trade representative held talks that focussed on the importance of the trade relations between Kenya and Africa as important partners to the United States. The bilateral trade talks paused in the wake of American presidential elections last November 2020. A.... Read more »

Posted on : Friday , 7th May 2021

Tanzania Economy to Grow by 6% in 2021, Central Bank Say

In its latest Monetary Policy Statement, Mid-Year Review, of February 2021 the Bank of Tanzania projects that the country’s real GDP will grow by 5.5 % in 2020 and by 6.0 % in 2021. The positive outlook is driven by expected value added in agriculture due to enough rains, public investment, increase in export earnings from mining contributed by high world market prices of gold, and private sector investment, coupled with supportive.... Read more »

Posted on : Monday , 3rd May 2021

800 Chinese Companies Ready to Invest in Tanzania

On 21st April 2021, the President of Tanzania, Hon. Samia Suluhu Hassan met with the leaders of the Chinese Chamber of Commerce in the country to discuss the various issues pertaining to trade and investment.   The Chinese leaders led by Mr. Janson Huang guaranteed President Suluhu that they are ready to cooperate with the 6th Phase Government in economic growth and uplifting the welfare of the people through major investments of more.... Read more »

Posted on : Monday , 3rd May 2021

Ghana, Rwanda Explore Trade and Investment Opportunities to Boost Economies

Ghana and Rwanda are considering trade and investment partnership opportunities to increase the economies of the 2 countries. This came to light at a virtual summit held to promote the exchange of goods and services between the 2 countries. The targeted areas include Agriculture, Manufacturing and Industrial Services. The virtual summit was organized under the auspices of the Rwanda Development Board and the Ghana Export Promotion.... Read more »

Posted on : Thursday , 8th April 2021



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