Nigeria has been making steady progress in diversifying its economy away from the oil sector. In light of the Nigerian government’s “Nigeria Vision 20: 2020”, it aims to increase the share of the manufacturing sector in economic output to 15-30% and the services sector to 45-75%, while lowering the shares of agriculture and oil. Aside from providing sources of economic growth, diversification also helps the country reduce...
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Nigeria is a key African market, accounting for almost half of West Africa’s population, and the country boasts one of the largest youth populations in the world. The country also has an abundance of natural resources, with vast oil and gas reserves, and significant agricultural potential. Nigeria is a member of the Organization of the Petroleum Exporting Countries (OPEC) since 1971. Nigeria ranks as the largest oil...
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Home to a small population of less than one million, Djibouti is one of the smallest countries in East Africa, strategically located at the mouth of the Red Sea. With few natural resources and little industrial activities, Djibouti’s economy depends heavily on logistics services and trade through its international port. In a bid to transform itself into a commercial trading hub for the broader region, the country has...
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With the Belt and Road Initiative poised to transform market access across Asia, potential partnerships with African companies are opening as they seek to target Asian consumers. In particular, many South African halal food producers have high hopes that Hong Kong could prove the ideal gateway for boosting their exports across the region. By 2030, the global Muslim population is estimated to number some 2.2 billion, representing about a...
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In 1896, the British colonial government began construction of a narrow-gauge railway line from the Kenyan port city of Mombasa to Nairobi. Today, the railway builders are back. This time, it is China’s economic integration strategy in East Africa that is behind the construction of a new rapid rail link between Mombasa and Nairobi. The new line, due to reach the Kenyan capital by 2018, will eventually extend to Uganda, Rwanda, Burundi and...
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The Kenya Association of Manufacturers (KAM) has released a new set of standards intended to improve the efficiency and accountability of importing into Kenya. KAM said that it has created the new Standard Operating Procedures (SOPs) guide, released on 18 November 2020, to facilitate trade and boost the fight against illegal imports in order to enhance the ease of doing business in the country. The SOPs are intended to serve as a...
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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, 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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Al Muqarram Auto Parts Trading LLC (A-MAP) has announced the launch of A-MAP Smart Mobile App that aims to create a user-friendly browsing and tracking experience its customers. It is a useful tool at the fingertips, for distributors/retailers to track their products sold and facilitate lodging of warranty claims instantaneously. It is also a tool for them to detect the genuineness of the end user claims in addition to detecting &...
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Senegal is to boost its position as a trade hub for Africa by joining the World Logistics Passport, a major initiative by Dubai to link nations around the world and increase South-South trade. The framework agreement was signed by His Excellency Amadou Hott, Minister of Economy, Planning and Cooperation, the Government of Senegal, and Sultan Ahmed Bin Sulayem, Chairman of Dubai's Ports, Customs and Free Zone Corporation. Thanks to the...
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