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
Published on January 20, 2017
Clay Ventures or CL, as it is now fondly known, opened its doors in 2014. Conceived by a couple of interior décor designers and furniture makers, CL sought to fill a rise in demand for African contemporary handcrafted products among the middle class populations in developed and developing economies. CL began by looking at few traditional Kenyan pottery, weaving and curved art ranging from baskets, pots, flower vases, utensils, abstract carvings from wood and soapstone from across Kenya sourcing from different cultures. CL has been keen in developing an export market for its craftspeople by travelling to different parts of the world showcasing the beauty of African pottery and carving among other arts Africa has to offer to the modern world. CL has now expanded in many other products that one would need for their homes and offices made from clay, soapstone, wood, glass, leather and fabric. One of our goals at CL today is to encourage and educate young people to support Kenyan arts and crafts.
Published on January 19, 2017
Mohazo is a trendy African lifestyle collection with a focus on home decor gift packages and personal accessories. Mohazo ex-impo Ltd started operations over 29 years ago by sourcing high quality range of handicrafts from across East Africa and supplying predominantly to re-known chain stores in USA and other parts of the world. Following the change in world market trends, Mohazo has diversified and re-established itself as a trendy African lifestyle designer label that aims to deliver a refreshing and vibrant African spirit. Mohazo now designs and produces a diverse range of products that include lifestyle and home ware items under different categories; Kitchen & Dining, Living, Bath, Garden, Sleep, Office & Personal Accessories. Items have been styled and fashioned to suit modern world trends. The label creatively captures innovation and style that is unique and practical, not just decoration.
Facebook : Mohazo Kenya
Published on January 18, 2017
Seizing AGOA Opportunities in East Africa is a production of the USAID East Africa Trade and Investment Hub (The Hub). It highlights the work of the Hub’s Component 3 – Trade Promotion and AGOA, and briefly describes the legislation AGOA.
The trifold also outlines the general steps to follow when exporting to the U.S. under AGOA, and provide information on how to engage with the Hub on issues of trade promotion and AGOA.
Published on January 12, 2017
The United States has strengthened its position as Kenya’s third-largest export destination — making it Nairobi’s most valuable economic partner outside East Africa.
Kenya’s exports to the US grew seven per cent to Sh35.3 billion in the first 10 months of 2016 as exports to Britain tumbled by a similar margin to Sh30.9 billion, according to Kenya National Bureau of Statistics (KNBS) data.
The growth saw American consumers open a Sh4.4 billion gap over their counterparts in the UK, wider than the Sh2 billion in 2014 when the US first outpaced Britain to become the third largest importer of Kenyan goods after Uganda and the Netherlands. Read more. Source | Business Daily
Published on January 12, 2017
Two Kenyan firms are among six African small and medium-sized enterprises (SMEs) nominated as finalists for the Africa Finance and Investment Forum (AFIF) Entrepreneurship Award 2017.
RnG Ltd and EuroFresh Exotics were picked from 51 companies by a panel of judges from the event organiser EMRC, an international organisation based in Brussels, Belgium.
“We are delighted to announce the finalists for the AFIF Entrepreneurship Award 2017 after a really difficult selection process. The innovation and creativity of African-based SMEs makes our job more difficult every year,” said senior project manager Ines Bastos in a statement. Read more. Source | Business Daily
Published on January 11, 2017
The introduction of one-stop border posts has been hailed for improving trade among East African Community (EAC) member countries.
The border posts have also made EAC a major economic bloc in Africa, according East African Legislative Assembly (EALA) member and Kenya chapter secretary Judith Pareno.
Ms Pareno made the remarks during an EALA sensitisation forum in Isiolo on Tuesday.
She lauded the assembly for removing trade barriers at border points, saying the changes had resulted in faster and more efficient movement of people and goods. Read more. Source |Daily Nation
Published on January 10, 2017
Kenya has been tipped to remain a hotspot for private equity (PE) with global deal makers expected to be attracted by an improved business environment.
Analysts at Cytonn see the financial services, information and technology sectors as some of the key areas set to interest investors on the back of good returns.
“We remain bullish on PE as an asset class given the abundance of global capital looking for opportunities in Africa, the attractive valuations in private markets compared to public markets and better economic growth in Sub-Saharan Africa compared to global markets,” it said a new outlook on Monday. Read more. Source | Business Daily
Published on January 09, 2017
Small holder farmers can reduce post-harvest losses and improve income by adopting better storage management practices and technologies. According to Food and Agriculture Organisations (FAO) about one third of the food produced globally is lost or wasted representing a loss of 1.3 billion tonnes of food per year.
In Tanzania, results from different research studies demonstrate that farmers lose up to 40 per cent of the harvest through post-harvest losses. It is from this backdrop that the Inter Region Economic Network (IREN) moved up to organise Post-harvest technology congress next year to address and reduce the level of loss that account for more than 30 per cent of the food produced for human consumption.
IREN’s Chief Executive Officer Mr James Shikwati said,
This competition will enable us to identify a range of technologies that have the potential to help the continent confront and counter the huge challenges in postharvest management.
IREN is coordinating the congress in partnership with the USAID East Africa Trade and Investment Hub and Syngenta. Read more. Source | Daily News