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Kenya

The Hub's accomplishments in Kenya to Date:  

  • To date the Hub has supported 294 firms and associations to increase their export competitiveness
  • 81 firms have been supported to participate in various trade shows resulting in 615 business linkages
  • Hub facilitated AGOA exports as at June 30 2017 stood at $125,817,038
  • Exports to other market destinations as a result of Hub support are $86,180
  • 3,464 new full time equivalent (FTE) jobs have been created, 73% of which are for women
  • Facilitated $30,633,968 new private sector investments in the ag and non ag sector
  • Supported successful ratification of the SPS Protocol
  • Advocated for the review of the Companies Act to conform with the provisions of the EAC Common Market Protocol
  • Supported successful implementation of ePing electronic alert system
  • Supported the adoption of a notification submission systems for technical barriers to trade (TBT) sanitary and phytosanitary measures (SPS)
  • Supported use of ISOlutions which allows Kenya to effectively participate in international standardization process

USAID grant signed to create 2,000 new jobs for youth in the apparel industry

Signed a new grant with Generation Program Kenya Limited, a local subsidiary of the McKinsey Social Initiative. Working hand-in-hand with Kenya’s Ministry of Industry, Trade and Cooperatives, the Kenya Association of Manufacturers and apparel companies, the program will set up and equip seven training centers throughout Kenya, provide over 100,000 hours in skills development and train 2,000 Kenyan youth, preparing them for full-time sewing machine operator jobs in the industry.  The grant is a part of the Hub’s larger “East Africa Cotton, Textile and Apparel Workforce Development Initiative,” a collaboration between the Hub and the American Apparel and Footwear Association that will ensure U.S. brands and retailers’ goods are manufactured in accordance with best business practices and operations in East Africa, producing a win-win for trading partners.

Kenyan woman-owned home-décor company enters mainstream U.S. market

Supported a Kenyan home decor producer to ship her largest-to-date U.S. order. Valued at $200,000, the deal is as a result of the Hub-organized Cost Plus World Market Trade Mission. (see success story at the end of this report) The profit from this order will go to the nearly 400 artisans who contributed to each hand-carved piece and will help finance her next big export to the U.S., which shouldn’t be far off given her now proven capacity for high-volume supply.

Read more here

The Hub supports increased investments in the upcoming Kenya Leather Park

On June 30, the Hub’s leather advisor completed his contract, during which he facilitated $9 million in total investment commitments for the upcoming Kenya Leather Park and a trade deal between Bata Shoes Kenya, Kenya Defense Forces and the Kenya Prisons Services to supply a total of $1.9 million in new sales of officer’s boots and shoes. Also in the leather sector, the Hub supported an India-based ‘trainer of trainers’ session that provided new eco-friendly technologies for best practices in leather finishing and production for five Kenyan tanneries and leather companies.

The Hub facilitates $36M new private sector investments

The Hub has facilitated $30,633,968 new private sector investments in the ag and non ag sector in Kenya. The Hub offers transaction support services. Eligible investors include private equity funds, commercial banks, impact funds, and development finance institutions. The Hub’s transaction team acts as a neutral intermediary to provide: opportunity validation market intelligence, fundraising support, due diligence, deal structuring, financial analysis and modelling. 

The Hub has helped financially close $51m of investments over the life of the project, $33.9 million in the agricultural and food chain sector and $17.4 million in the non-ag sector. There are $165 million of deals under review in the Hub’s investment pipeline. Over 

Product development excellence training for SMEs

Facilitated training on product development excellence for selected SMEs in the sector, in collaboration with Kenya Leather Development Council (KLDC). The training covered a wide range of topics in product development, including: product development planning, product development process, managing cross-functional teams and how to generate superior value products.

Helped leather enterprises develop innovative products that can compete globally, with a focus on company owners and senior management – those who can implement the concepts on which they were trained.

Trade and export facilitation through “Buy Kenya Build Kenya” strategy

Facilitated Kenya’s leading player in the formal footwear sector and the largest buyer of raw leather, Bata Kenya, to access opportunities for supplying Kenya Defense Forces with military boots and shoes.

Linked Bata Kenya to SMEs who have since started sourcing specialized finished leather for manufacture of leather goods, resulting in approximately $1.9 million in new sales.

Introduced MAS Tannery, a company established in 2004 that specializes in tanning (wet blue), to new markets in Turkey, India and Egypt. This allowed the company to increase exports to new clients  by approximately $500,000 per month.

Investor mobilization for the Kenya Leather Park

 

 

Supported Kenya’s Ministry of Agriculture to purchase 50,000 MT of maize from Ethiopia for the Kenyan Strategic Grain Reserve, bringing the total maize trade facilitated by the Hub between Ethiopia and the East African region to $100 million in the current season. 

Related Blogs and Resources

New interchanges along Northern Corridor to improve users’ safety

Published on February 23, 2015
Kenya National Highways Authority (KeNHA) has started improving key inter-sections along the Northern Corridor - from Mombasa to Malaba by changing the grade traffic flows to enhance road users' safety. KeNHA Manager in Charge of Special Projects Eng Paul Omondi said the roads authority was prompted to construct three interchanges along the Northern Corridor at a cost of Sh2.6 billion to up the standards of road safety. Read more. Source|Standard Digital.
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AfDB approves $145m loan for Kenya-Tanzania power line

Published on February 20, 2015
The African Development Bank (AfDB) has approved a $145 million loan to fund the building of an electricity line between Kenya and Tanzania to improve regional power connections, it said. East Africa has some of the fastest growing economies on the continent but electricity shortages deter investment, pushing up business costs and sustaining poverty and inequality. Read more. Source|The East African  
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EAC heads of state summit opens in Nairobi

Published on February 20, 2015
East African Community Heads of State meet today in the Kenyan capital Nairobi for the 16th Ordinary Summit.Read more. Source|Daily Monitor
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Kenya ranked eighth largest global geothermal producer

Published on February 20, 2015
The injection of additional 280 megawatts produced in Olkaria to Kenya's national grid in December has lifted Kenya’s global ranking as the eighth largest producer of geothermal energy in the globe, a new study shows. Read more. Source|Business Daily
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Kenya plans to double coffee production in five years

Published on February 19, 2015
Kenya has put in place measures to double coffee production in the next five years so that it can increase output from the current 50,000 to 100,000 metric tonnes, a senior official said on Wednesday.Agriculture Cabinet Secretary Felix Koskei told a media briefing in Nairobi that Kenya aims to achieve the goal by increasing the coffee growing acreage as well as the access to high yielding coffee seeds to farmers. Read more. Source|Coastweek.com  
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US firm secures Sh183m to train local workforce

Published on February 18, 2015
CloudFactory, an American outsourcing company, has received a Sh183 million investment to train its Kenyan workforce and expand operations. Read More. Source|Business Daily
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EAC leaders to discuss bloc's sustainable financing mechanism

Published on February 17, 2015
In a statement, released yesterday,  the Minister for EAC Affairs, Amb Valentine Rugwabiza, said the new financing mechanisms are expected to be presented as per a directive by the Summit in November 2013 that tasked the Council of Ministers to present a report on alternative financing mechanisms, including the option of one per cent of imports from outside EAC. Read more. Source|NewTimes Rwanda.
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Ugandan experts say Mombasa railway to boost inter-states trade

Published on February 17, 2015
Experts in Uganda say that a connected modern railway system in East Africa is important for the region to reduce expensive transport costs and enhance the region’s trade competitiveness.In a recent interview with Xinhua, Elly Twineyo Kamugisha, an economist and author of a book "Why Africa Fails," said if the railway project is completed, it will be a major milestone in promoting regional trade. Read more. Source|CoastWeek.com
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