Demand for Armored Vehicles in Africa

Demand for armored vehicles in Africa is growing at an exponential rate as increasing internal and cross-border conflicts across Africa accelerate and create a huge market for security armored vehicles of all kinds. According to a recent report, the global armored vehicles market is expected to grow to US$ 26.37 billion by 2027, growing at a CAGR of 5.7%. On the other hand, the Middle-East & Africa armored vehicles market is...

Automobiles Sector Read more...

Kenyan Diaspora Remittances Help Kenya's Economy

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...

Port of Luanda: DP World Chosen As Preferred Bidder To Operate Multipurpose Terminal

DP World, a leading global provider of smart logistics solutions, has been selected as the preferred bidder to enter into discussions with the Government of Angola for a 20-year concession and operation of the Multipurpose Terminal (MPT) at the Port of Luanda.  
 
Following an international tender process and subsequent announcement of DP World's selection by the evaluation committee set up by the Angolan...

Southern Africa Read more...

Senegal to Develop New Port at Ndayane

Trade enabler DP World, a global provider of end-to-end logistics solutions, and the Government of Senegal, have signed agreements for the development of a deep water port at Ndayane, approximately 50kms from the existing port and near the Blaise Diagne international airport. The new port will further reinforce Dakar's role as a major logistics hub and gateway to West and North West Africa, and support the realisation of His...

West Africa Read more...

Africa & The Internet

While Internet penetration in Africa is growing steadily, the gap between urban-connected people and the digitally disenfranchised rural population is a growing cause for concern. The issue dominated proceedings at the recent AfricaCom, the continent’s largest B2B high-tech expo, which was recently held in South Africa. Conference participants believed that mobile technology wasn’t necessarily the solution to the particular...

Business Outlook Read more...

Online Trading in Kenya Gains Popularity

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...

New Terminal at Abidjan Port

Construction of the Port of Abidjan’s second container terminal, the Côte d’Ivoire Terminal (CIT), will boost the competitiveness of the Port of Abidjan by adding an additional annual capacity of 1.2 million TEU from its first phase of development. Located adjacent to the existing Abidjan Terminal, the new terminal With an area of 37.5 hectares, the CIT will also be able to offer greater capacity for handling goods at...

West Africa Read more...

New Customs Depot to Cut Costs for Importers in Kenya

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...