Kedia Finalists Awards Ceremony

KEDIA FINALISTS AWARDS CEREMONY – HOLIDAY INN BURDUBAI 2/3/2017 After a wonderful Churchill Show in December that saw hundreds of Kenyans gather at Sheraton’s Dubai Ball-room in their grandest of style, Global Links FZE brings yet another great event for the Kenyans in the UAE:- KEDIA Finalists’ Awards ceremony. KEDIA (Kenyan Diaspora Awards – Dubai Chapter) will be held at the Holiday Inn, Embassy District on the 2nd of March 2017 from 5 p.m to 2 a.m. The much anticipated event [...]

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African buyers

African markets set to recover in 2017

As we head into 2017, lets take the opportunity to take stock of African markets performance in 2016 and the continent’s future prospects. Undoubtedly, 2016 was a tumultuous year for some African countries largely due to an acute commodities crisis and because of the overall global economic slowdown. Yet there were still pockets of growth in the African markets which displayed the great potential for the future. It seems like 2017 will be the year for countries hardest hit by [...]

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Rwanda Airport, Kigali

Rwanda airports open the country to international trade

As a landlocked country, Rwanda’s opportunities for expanding business are not quite as extensive as those enjoyed by other countries in the East Africa region. One way of overcoming that is air transport, but despite a robust economic growth over the past few years, Rwanda is held back by a lack of world-class aviation infrastructure. “The aviation industry is critical to Rwanda,” says Clare Akamanzi, chief operation officer of the Rwanda Development Board. “Not only does it connect Rwanda to the [...]

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Zimbabwe new currency

Zimbabwe launches new currency to boost economy

Zimbabwe has launched its own new currency for the first time since the year 2009, aiming to meet a worsening cash shortage. The Reserve Bank of Zimbabwe introduced the new currency, called bond notes. Each bond note is worth one US dollar. The newly introduced cash substitute is legal tender in Zimbabwe, but is not yet valid outside Zimbabwe. Initially, the banks would circulate an amount worth $10 million in the system in two and five dollar denominations. The notes’ [...]

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Nigerian Naira

Exports to Nigeria Slump Due to Currency Devaluation

Egypt and Nigeria have decided to do away with their dollar pegs —triggering massive devaluation. What will be the longer term implications for these economies as they charter a new path towards greater economic independence. Exports to Nigeria and Egypt have come to a virtual standstill as imports have become expensive for importers in these countries. Nigeria, the home of Africa’s largest economy, recently unpegged its currency the naira, from the US dollar. This was a result of many businesses [...]

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Ethiopia automobile industry

Ethiopia’s Booming Automobile Market

Ethiopia is among Africa’s most impressive growth performers over the past decade averaging 10.9% annual growth between 2005 and 2015. With a GDP of US$63 billion in 2015 it is the ninth largest economy in Africa and the third largest in Eastern Africa. After Nigeria, the country is also home to the continent’s second largest population of 90 million people in 2015 and a [...]

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Tanzania Tyre Market: Developing Into A Mature Market

Tanzania tyre market is evolving into an important business sector for the East African nation. Tanzania is in talks with six multinational companies over plans for a joint venture to revive General Tyre East Africa, the giant tyre manufacturing plant in Arusha. The state-run National Development Corporation (NDC) said that three Asian corporations and another three from America, Europe and Africa have approached the [...]

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Automobile Kenya

Kenya: The New Automotive Hub of East Africa

Kenya’s GDP per capita is expected to reach US$1,432 by the end of 2015 and to grow at a CAGR of 7.5% between till 2020. This is expected to result in an increase in private consumption and amongst other things, drive the sales of motor vehicles. Expenditure on the purchase of cars, motorcycles and other vehicles accounted for 1.5% of total consumer expenditure [...]

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