Africa's Booming Gold Trade

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...

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DP World to Develop Ethiopia's Berbera Corridor

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...

East Africa Read more...

ADNOC Partners With A-MAP For Distribution of Voyager Lubricants

ADNOC Distribution, the UAE’s largest fuel and convenience store retailer has entered a five-year partnership with Al Muqarram Auto Spare Parts Trading (A-MAP), a market leader specializing in the distribution of quality and reliable aftermarket automotive spare parts, to distribute ADNOC Voyager lubes and greases in the United Arab Emirates, outside of the ADNOC service station network as an Authorised Distributor. This new...

Automobiles Sector Read more...

Kenya Canada Sign Bi-Lateral Trade Agreement

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...

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...

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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...