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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

Fresh produce exports earn Kenya Sh84bn

Published on February 16, 2015
Kenya earned Sh84 billion from fresh produce exports last year, representing a 0.8 per cent increase.According to data released by the Kenya National Bureau of Statistics (KNBS), earnings rose by Sh700 million to Sh84 billion in 2014 from Sh83.3 billion the sub-sector fetched in 2013. Read more. Source|DailyNation  
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Infrastructure projects to top agenda at EAC leaders’ summit

Published on February 16, 2015
Financing for infrastructure projects will be high on the agenda at the East Africa Community Heads of State Summit in Nairobi this week,during which Kenya’s President Uhuru Kenyatta is scheduled to hand over the chair to Tanzania’s President Jakaya Kikwete. Read more. Source|The EastAfrican
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Uganda extends e-cargo tracking system to Kenya

Published on February 13, 2015
Uganda plans to extend its Electronic Cargo Tracking System(ECTS) into Kenyan as part of strategy to curb theft and diversion of goods destined for its market through the port of Mombasa. Read more. Source|Business Daily
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What Lessons Should Kenya Draw from AGOA?

Published on February 13, 2015
Trade relations between the United States and Sub-Saharan Africa since 2000 have been governed by the African Growth and Opportunity Act (AGOA). The aims of the agreement were to promote stable and sustainable growth and development in Sub-Saharan Africa and to increase the level of integration of the region in the global economy. Read more. Source|Institute of Economic Affairs
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Kenya leads as EA, attracts $111m equity funds

Published on February 13, 2015
Kenya came in ahead of its East African peers in attracting private equity firms with 12 of 26 deals recorded in the region between December 2013 and February last year. Read more. Source|The East African
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Kenya named Africa's best investment hub.

Published on January 28, 2015
Kenya has been named the best African emerging economy to invest in due to accelerated infrastructure development and a stable political and macroeconomic environment. Ian Bremmer, president of global political risk research and consulting firm Eurasia Group, writing in the February issue of Fortune magazine said the attractiveness arises from a diminished threat of political and economic turmoil that has affected other large African economies such as Nigeria and South Africa. Read more. | Source: Business Daily Africa.
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Kenya acquires 2.5 pc stake in Uganda refinery

Published on January 20, 2015
Kenya has agreed to acquire a 2.5 per cent stake in the planned Uganda oil refinery for an estimated Sh5.6 billion. Read more...
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The Fresh Fruit and Vegetable Markets of East Africa

Published on September 09, 2013
The Fresh Fruit and Vegetable Markets of East Africa. The East Africa Trade Hub was tasked to conduct research on the fresh fruits and vegetables sector and to advise USAID East Africa on possible interventions that could be supported under their Feed the Future program that aims to improve food security and nutrition.
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