UK Govt Gives Euro 900k to IT Company for Africa Expansion

Posted on :Friday , 23rd December 2022

UK Export Finance has provided £900,000 of support to Atlancis, a Kenyan cloud services company, enabling it to build a new relationship with UK exporter Vespertec to open growth opportunities in Africa.

A Standard Buyer Loan Guarantee was offered by UK Export Finance to guarantee an export credit loan from Apple Bank, supported by its UK servicer and arranger of the de. . .

SA Targets Greater Kenya Trade, Investment

Posted on :Monday , 21st November 2022

South Africa plans to prioritize its economic relationship with Kenya to boost trade and investment, Trade, Industry and Competition Minister Ebrahim Patel said.

Trade between the 2 countries last year was only R6.5 billion, which was “not sufficient,” Patel said at a business forum in the Kenyan capital, Nairobi, on 2nd November.

He spoke after. . .

Kenya Plans to Become Manufacturing Base For US Companies

Posted on :Friday , 23rd September 2022

Kenya is looking to become a manufacturing hub for American companies that are to relocate or diversify out of China, the Business Daily newspaper reported.

Kenya has long sought a free trade agreement with the US. Initial discussions started in August 2018 and in July 2020, the 2 countries formally launched negotiations for a free trade agreement.

Industri. . .

Nairobi Ranked 5th in Africa’s Dollar Millionaires

Posted on :Friday , 23rd September 2022

Kenyan capital, Nairobi has been ranked 5th in terms of the number of dollar millionaires in Africa in a report by research firm New World Wealth and Henley & Partners.

The latest Henley Global Citizens Report, which tracks private wealth migration trends worldwide, shows Nairobi has 5,000 high net worth individuals (HNWI) with at least dollar 1 million.

Qatar, Kenya Discuss Bilateral Relations

Posted on :Friday , 18th February 2022

Undersecretary of the Ministry of Commerce and Industry H E Sultan bin Rashid Al Chapter met with Deputy Minister of Trade and Industrialization of the Republic of Kenya H E Lawrence Karanja during the latter’s current visit to Qatar.

During the meeting, the officials touched on the bilateral relations between the 2 countries in the commercial, industrial and investment. . .