Market News | KITE 2019

Market News

  • Kenya set aside funds to help local start-ups in the mobile industry

    Posted on :Wednesday , 14th November 2018

    Kenya minister of information, communication and technology said that the government had set aside $10 million to help local start-ups in the mobile telephone software and hardware segments to grow.

     
    The country’s imports of 50 million telephone handsets every two years, Which is challenging local firms to start making them locally.
     
  • Kenya Signs Agreement to Boost Agricultural Exports to China

    Posted on :Tuesday , 13th November 2018

    Kenya and China signed an agreement allowing the East African country to export various agricultural products to China.

    Nzioka Waita, President Uhuru Kenyatta’s Chief of Staff, said the agreement on food, plant and animal safety - known as sanitary and phytosanitary measures - had been reached between the two after a week of negotiations.

    Waita said on Twitter the agreemen. . .

  • East African focused fund manager, Catalyst Principal Partners, announces the close of its second fund, achieving $155 Million

    Posted on :Tuesday , 13th November 2018

     In 2009, the Catalyst Fund raised to $125 million which it invested in 9 companies in Kenya, Tanzania and Ethiopia with diverse interests in manufacturing of consumer goods, pharmaceuticals, industrial agro-processing, logistics and engineering as well as healthcare, technology and financial services.

     
     Whereas, this year the Catalyst Fund II raises US$155. . .

  • IRRI opens regional office in Kenya to support Africa's rice productivity

    Posted on :Thursday , 11th October 2018

    The International Rice Research Institute (IRRI) has opened a new regional office in the Kenyan capital Nairobi to help Africa achieve self-sufficiency and productivity in rice production.

    The new regional hub hosted by CGIAR center, the International Livestock Research Institute (ILRI) will work in collaboration with AfricaRice to offer training and research services on rice producti. . .

  • Indian packaging companies to pack African milk, liquor and F&B products

    Posted on :Tuesday , 18th September 2018

    The African continent has recently emerged as a high growth region for the packaging industry, with demand being driven by increased markets for consumer products, burgeoning individual incomes, an expanding population of youthful consumers and growing domestic economies, particularly in East and West Africa. Indian packaging companies have lately begun to aim at this lucrative and expandi. . .

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