Asimco brake pads have captured a sizable share of the African market. As a result, Asimco has emerged as one of the most popular brands in several African markets – specially in East Africa. However, this success has had its downside too – counterfeiting. Counterfeit Asimco brake pads are now appearing across several African markets. As a result, the company has launched an aggressive information and...
Automobiles Sector, East Africa Read more...
Coffee is big business – it is estimated that over 2 billion cups of coffee are consumed around every day around the world. According to rough estimates, over 140 million bags of coffee beans are traded internationally. Coffee trade is worth over $16 billion globally – making coffee one of the most traded commodities in the world after crude oil. In many developed nations, coffee is no more a luxury drink but a...
East Africa, Foodstuff & Beverages Read more...
In another instance of the African awakening, efforts are now underway by several African governments to keep a stricter control on the African continent’s large gold deposits and mineral wealth. The aim is to to add value to African minerals before exporting them. Over the years, many African countries have been exporting a wide variety of minerals and other natural resources to earn much needed foreign exchange to boost their...
Business Outlook, East Africa Read more...
DP WORLD has signed a Memorandum of Understanding (MoU) with Ethiopia’s Ministry of Transport to develop the Ethiopian side of the road linking Ethiopia to Berbera into one of the major trade and logistics corridors of the country's international trade routes.
DP World and its partners are expected to invest up to US$1billion over the next ten years in developing the supply chain infrastructure along the...
The Kenya Private Sector Alliance and The Canada-Africa Chamber of Business are proud to announce collaboration to promote, support and facilitate bilateral trade and investment opportunities from Canada into Kenya. The first engagement will be a virtual trade mission to Kenya from Canada in May. The 3-year agreement MoU was signed today during the Second Session of the Binational Commission meeting between the Governments of...
East Africa Read more...
Remittances from overseas workers helped the Kenyan economy tide over the devastating economic impact of Covid-19. Despite the negative impact on almost all major sectors, the Kenyan economy was able to tide over the financial impacts of the global pandemic due to regular inflow of foreign currency from overseas workers that form the diaspora. According to a recent report by Kenya’s Central Bank (CBK), diaspora remittances hit...
East Africa Read more...
Emerging as an area of opportunity for online retailing, Kenya has witnessed the rise of indigenous e-commerce platforms and the increasing footprints of international players, reflecting significant jump-start potential for businesses looking to tap into the country’s consumer market. We bring you an overview of the Kenyan consumer market in the context of online retailing as we look into examples of businesses which are successfully...
East Africa Read more...
Kenya’s President, Uhuru Kenyatta, opened the government’s Container Freight Station (CFS)-Kenya Railways Corporation Transit Shed near the Nairobi Central Station on 10 November 2020. The new freight transit shed, also known locally as the ‘Boma line’, eliminates the need for small importers to collect goods from the Inland Container Depot (ICDN) at Embakasi, about 13 kilometres away, which requires the use of expensive...
East Africa Read more...