Market News
KITE 2024 gets coveted partnership endorsement from the Kenyan Government
The 25th Kenya International Trade Exhibition, to be held from 20 - 22 November 2024, has received the official endorsement of the Ministry of Industrialization, Trade and Enterprise Development, Government of Kenya. The endorsement was conveyed via a letter presented by Hon. Dr. F. O. Owino, Principal Secretary to Expogroup.
The exhibition has grown in stature from its inception 22 years ago, as the key networking and sourcing platform for the industries. As the largest event of its kind, it ensures direct access to over 150 exhibitors from 30 countries and more than 12,000 trade visitors.
Through the partnership with Expogroup for the 25th KITE 2024 the Ministry of Industrialization, Trade and Enterprise Development with the help of its premier agency Kenya Investment Authority aims to further its mandate to attract local and foreign investors, create business linkages, and expand the local and foreign market for goods and services.
Kenya is the largest and the most advanced economy in East and Central Africa; with strong growth prospects supported by an emerging, urban middle class and an increasing appetite for high-value goods and services.
Kenya is open for business to well-positioned companies with strategic objectives of tapping into the growing potential of emerging markets in East and Central Africa.The country is a dominant economy in the East Africa Community, contributing to more than 50% of the region’s GDP.Global Brands have already made it Kenya their regional HQ's due to the attractive opportunities and appealing location. Major global brands have already invested in Kenya as part of their strategies to access the wider regional markets and opportunities.
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G7 DFIs & partners to invest over $80b in Africa’s private sector
Posted on :Tuesday , 15th June 2021
The G7 nations, in collaboration with multilateral partners, have pledged to invest $80 billion in Africa's private sector.
The G7 Development Finance Institutions (DFIs), including the UK's CDC Group, will assist sustained economic recovery and growth in Africa with this investment, which will be phased in over the next five years. The International Finance Corporation of th. . .
Bangladeshi firm to manufacture diabetes, malaria drugs in Kenya
Posted on :Monday , 31st May 2021
Square Pharmaceuticals, one of Bangladesh's major drugmakers, will begin producing pharmaceuticals at its multibillion-dollar manufacturing plant in Kenya within the next four months, aiming to meet unmet demand in Kenya, Tanzania, Rwanda, Burundi, Uganda, and South Sudan.
The pharmaceutical company began building of a facility in the tax-free export processing zones (EPZ) in. . .
In Kenya the world's first boat built of recycled plastic sets sail.
Posted on :Thursday , 27th May 2021
The 'Flipflopi vessel' is the world's first recycled plastic ship.
It will set sail on Lake Victoria in Kenya to launch a plastic pollution awareness campaign.
During the journey, the boat, which is made entirely of recycled plastic, will go through three East African countries with the help of the UN Environment Programme's (UNEP) clean seas programme. . .
CDA completes the first phase of its $30.3 million irrigation scheme in Taita Taveta, Kenya
Posted on :Tuesday , 25th May 2021
The Coast Development Authority (CDA) in Kenya's Taita Taveta County is completing the first phase of an ongoing irrigation and drought mitigation project. The new facilities are expected to enable at least 100 smallholder farmers in the Nakuruto and Challa areas to resume their operations.
Farmers in Kenya's Taita Taveta County now have irrigation systems to help them recove. . .
Kenya: Mwatate Traders to Benefit From Sh50 Million Modern Market
Posted on :Friday , 7th May 2021
Traders in Mwatate town, Taita Taveta are set to benefit from a Sh 50 million market under construction in partnership between the county government and the World Bank.
The project implemented through the Kenya Urban Support Programme is set to be completed before the end of this financial year 2021 to accommodate over 200 small-scale traders in the area.
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Expogroup
Expogroup is a full service exhibition organiser with over 28 Years experience in International trade exhibitions. Our current portfolio includes 28 annual exhibitions from a diverse range of industries being held across the Middle East & Africa.
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