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Business / Trade in Kenya

  • The EU-Africa summit is now the AU-EU summit. Why the upgrade matters

    BOTSWANA, 2018/01/13 African and European heads of government gathered last week in Abidjan, Côte d'Ivoire, for their 5th summit since 2000. For the initial time, the African Union (AU) rather than “Africa”, officially appears as the European Union’s partner. While plenty has been discussed about youth, migration, security and governance less is being said about the shift from an EU-Africa to an AU-EU summit. Is this just a case of semantics? Next all, the AU has been the key organiser of these triennial summits since they started in 2000. Or are there larger implications? We think there are. The AU-EU summit coincided with the January 2017 statement on the reform of the African Union prepared by Rwandan President Paul Kagame. The statement recommends rationalising “Africa’s” a lot of international partnerships by having the continental body take the lead. This means that the previous, current and next AU chairpersons, plus the AU Commission chairperson and the chairperson of the Regional Economic Communities, would represent the AU, rather than all its member states.
  • Africa: USA-Africa - No Policy? Bad Policy? or Both?

    BOTSWANA, 2017/08/30 "Africa is terra incognita for the Trump Government: a continent it cares little - and understands even less - about. With no dyed-in-the-wool Trumpian Africa hands available, the government appears ready to cede Africa policy making to career civil servants and a few mainstream Republican appointees." - Matthew T. Page The headline to Page's article in Quartz Africa states that "Donald Trump could be getting his US-Africa policy right by simply not having one." His view is actually additional nuanced, in judging that no policy would likely be only "less bad" than explicitly "bad policy" that may result from better White Home interest in Africa.
  • Africa: 'Market Information Gap Threatens U.S.$400 Billion Intra-Africa Trade'

    BOTSWANA, 2017/07/14 Access to data across African economies, which has been hindered by the fragmented nature of the respective markets, is currently threatening a $400 billion intra-Africa trade potential. Africa Export-Import Bank (Afreximbank) said the present transactions price at $170 billion remained their due to wide gap in market data, which presently needs to be closed to foster accelerated trade integration. Meanwhile, the size of intra-African trade could be doubled from the current level of about $170 billion per year to almost $400 billion by addressing the issue of availability of market data on the continent.
  • Tripartite Free Trade Area plods along slowly in Africa

    BOTSWANA, 2017/06/24 Trade between African nations has long been outstripped by intra-regional trade in other parts of the world – for Africa as a whole, intra-regional trade is between 10% and 13% of total trade. This is far lower than in regions such as the EU, where about 60% of trade is between member states, and the Association of South-east Asian Nations, which has a rate of about 25%. Intra-regional trade in North America is put at about 40%. However, the ratification of the Tripartite Free Trade Sector(TFTA) – potentially later in 2017 – could help change that and push the development of additional intra-regional trade increase. A pan-regional free-trade zone, the TFTA stretches from Cairo to Cape Town and encompasses 26 African nations. Africa’s Tripartite Free Trade Area would reduce regional tariffs and create a pan-African single market, to aid development and cash in on a growing middle class in the continent. But with member countries often belonging to multiple economic areas, progress is both complex and slow, as Kit Gillet reports.  
  • Importers threaten to increase prices of goods if government implements tax to fund African Union

    BOTSWANA, 2017/06/15 Importers have threatened to increase the prices of goods if the government implements the 0.2% import tax to fund the AU. Mr Samson Awingobit Asaki, Executive Secretary of the Importers and Exporters Association, told the Ghana News Agency that the implementation of the tax would increase the cost of operation for importers. Mr Asaki added that at the same time as it happens like that, they would have no other choice than to transfer the cost onto the prices of goods for the consumers.
  • Canada’s Foreign Affairs minister set for three-state African visit

    CANADA, 2016/11/06 Canada’s Foreign Affairs minister Stéphane Dion has announced that he will make a seven-day visit to Africa for bilateral talks. Dion will visit Nigeria, Kenya and Ethiopia between 5 to 11 November. This will be his initial visit to Sub-Saharan Africa, and it will highlight the importance that Canada attaches to strengthening bilateral relations with African nations.
  • Guangdong enhances trade ties with Kenya

    CHINA, 2016/09/04 Guangdong province, which is famed for its status as a symbol of China's opening up and reform policy, recently bolstered its by presently deep economic, trade and people-to-people cooperation with Kenya and two other African nations. A delegation of over additional than 130 outstanding Chinese enterprises, led by the Governor of the people's Government of Guangdong Province Zhu Xiaodan, visited South Africa, Ethiopia and finally wound up their tour of Africa in Nairobi, Kenya at the beginning of September.
  • Israeli PM to embark on historic Africa visit boosting diplomatic, economic ties

    ISRAEL, 2016/07/04 Beyond diplomacy and trade, visit holds personal meaning for Netanyahu marking 40 years since Entebbe raid Israeli Prime Minister Benjamin Netanyahu will depart on an historic visit to Africa on Monday, seeking to strengthen relations with new trade partners and marking the 40th anniversary of the Entebbe hostage rescue in which his brother died. The Prime Minister will visit Uganda, Kenya, Rwanda and Ethiopia. Netanyahu's visit will be his initial as premier, and the initial visit to the region by and Israeli Prime Minister in over three decades since Yitzhak Rabin visited Casablanca in 1994.
  • Kenyan Entrepreneur Cooks Up Successful Spices Business

    KENYA, 2016/06/28 With just about $48 and constant probing from her sister studying in the U.S., Kenyan entrepreneur Anzazi Kiti managed to start a successful spices business that generates about $1,600 in revenue per month and employs two people so far. In an interview with CNBC Africa, Kiti, who’s full time job is an accountant with audit firm Ernst & Young, said i 2014 she decided to start Taste Afrique, a company that produces natural spice mixes under the brand Chibundiro “that gives food that additional yumminess”.
  • Economic integration is helping boost trade and investment in Africa

    BOTSWANA, 2016/05/13 The collapse of virtual borders is one of the majority remarkable things to have happened in our lifetimes. In the world of cyberspace, time and distance have become almost peripheral considerations at the same time as it comes to doing business. Services from software development to accounting can be delivered across the world in the blink of an eye. Next business leaders will struggle to imagine an era at the same time as communication was neither immediate nor virtually free.