Kenya: The Business Hub of East Africa

Kenya has emerged in recent years as one of the fastest growing economies in the world. Given the strategic importance its coastal city Mombasa plays and the favourable regional trade memberships, Kenya has often been referred to as the key economic and commercial hub of East Africa. Services sector being the key growth driver, improving transport infrastructure and ongoing pro-business reforms continue to underpin the notable economic...

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Asimco Launches Marketing & Promotions Campaign Across East African Markets

Asimco, the leading manufacturer of premium friction products including brake pads, brake shoes, fuel pumps, brake fluids, disc rotors and shock absorbers has initiated a global marketing expansion intensifies with strategic thrust into African markets. The roll-out of the expansion is driven from its hub in Kenya and implemented through A-MAP's widespread presence in the region. ASIMCO is highly recognized for its superior...

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Chinese-built Industrial Park Provides New Momentum to Ethiopia’s Growth

As African countries pursue industrialization, the Chinese-built industrial parks and free trade zones have been gaining momentum in the socio-economic drive of the continent, some significantly accelerating the process of industrialization and job creation. Located about 40 km south of Addis Ababa, the Eastern Industrial Zone (EIZ), built and operated by Chinese companies, is widely viewed as the benchmark for the development of...

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Kenya’s Blooming Flower Industry

Kenya's economy largely relies on the agriculture sector. Horticulture sub-sector is one of the top foreign exchange earners for the country generating approximately US $ 1 billion annually. The sub-sector contributes roughly 1.25% to the national GDP while flower exports contributes nearly 1% from the flower industry. It has grown in significance to a vibrant flower industry worldwide. The flower industry is also one of the largest...

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Ethiopia's Untapped Gold Deposits

In today’s Ethiopia, gold is the mineral that is the biggest hard currency earner for the country. Although Ethiopia exports other minerals including sapphire, opal, tantalum, emerald, gemstones, and marble, gold has become a focus for Ethiopia a priority sector to transform the country’s economy. The government of Ethiopia wants to use the sector as an engine of growth to propel the country’s economic growth. It hopes to...

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Djibouti Port: Trade and Logistic Hub for Africa

More than a century ago, when the old Port of Djibouti was built by the French colonisers, it was connected with a railway that linked Addis Ababa to Djibouti City. Given the size differences of the two countries – today Ethiopia’s population is more than 100 million, while Djibouti’s is less than 1 million – the port was never about trade with Djibouti, but trade with Ethiopia. It is no coincidence that today, the...

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Ethiopia Opens Up Logistics Sector

The Ethiopian government has opened up its logistics sector to foreign investors for the first time, in the form of joint ventures with local firms. The country wants to attract at least $120 million of foreign direct investment into the sector by 2021. Meanwhile, the state-owned Ethiopian Shipping & Logistics Services Enterprise (ESLSE) is to be part-­privatised, and the state railway company, the Ethiopian Railway Corporation,...

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Uganda Starts Manufacturing Mobile Phones

The Ugandan government recently launched a mobile phone and computer manufacturing plant in the Namanve Industrial Park. Heralded as a turning point in positive foreign direct investment, this move would also drastically reduce the cost of importation of technology and ensure job creation opportunities for Ugandans. The factory built by Chinese Electronics firm ENGO Holdings Limited will produce 2,000 mobile phones, 1,500 Smart phones and 800...

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