The USAID Hub creates videos to showcase East African firm capabilities and development outcomes, with a focus on African Growth and Opportunity Act (AGOA) sourcing opportunities. For a roundup of our apparel and coffee sourcing videos, click here.
The national government will help counties in coffee growing zones to conduct a physical county of coffeebushes, and carry out soil analysis in the regions, as drive to improve the crop takes shape. Senate Agriculture Committee Chairman Njeru Ndwiga said the two governments have already rolled out the exercise in Kirinyaga and Nyeri counties, while the same will be launched in Embu this weekend.
Speaking in Embu town, Mr Ndwiga said the sampling of soils by the Ministry of Industry, Trade and Cooperatives together with respective counties will determine the right fertilizer, as the government prepares to disburse Sh1.5billion subsidy. Read more. Source | Business Daily
About 7,000 travellers have already booked Kenya Airways (KQ) direct flights to New York ahead of the October 28 inaugural journey. The flights between Nairobi and New York will play a pivotal role in boosting economic partnership between the two countries. KQ will operate daily flights between Nairobi and New York both ways. Read more. Source | Daily Monitor
A Kenyan greenhouse farming technology company emerged a clear winner of early stage category during the just concluded Pitch AgriHack 2018 in Kigali Rwanda.
Illuminum Greenhouses Kenya, were rewarded grants of between €5000 and €7500. ‘Pitch AgriHack 2018’ is a competition organised by Technical Centre for Agricultural and Rural Cooperation (CTA) – a joint international institution of the African, Caribbean and Pacific (ACP) Group of States and the European Union (EU) – to support young agricultural entrepreneurs (agripreneurs) build viable businesses and boost innovation for a more sustainable agricultural sector. Read more. Source | The Exchange
EGM Securities, Kenya’s first and only regulated non-dealing online forex broker, has launched the region’s first online forex trading offering in Kenya that enables trading using multiple payment channels including mobile payment channels such as M-Pesa.
This innovative financial offering bolsters Kenya’s positioning as a leader in financial innovation in Africa. For the first time, Kenyans will have the opportunity to participate in global forex markets in a strictly locally regulated environment and at lower transaction costs. Read more. Source | Global Banking and Finance Review
Exports to Tanzania rose by the highest margin, outpacing other top buyers of Kenya’s goods in the first five months of the year, fresh statistics show, as trade relations begin to improve between the two states. Dar es Salaam ordered goods worth Sh10.54 billion between January and May, 28.58 per cent more than the same period in 2017, data released by the Kenya National Bureau of Statistics (KNBS) last week indicates. Read more. Source | Daily Nation
Today, Kenya finds itself in an awkward yet promising position in its history. For one thing, our unemployment rate is arguably one of the highest in the East African region. Additionally, Kenya’s youth (between 18-35 years) account for over 30 per cent of the total population, and over half of the country’s population is below 35 years. Read more. Source | Daily Nation
Kenyan farmers lose tonnes of food produced due to different reasons which can be avoided with enough inputs in the agricultural sector. Globally, food wastage is estimated to be approximately 1.3 billion tonnes. This is roughly one-third of the food produced in the world for human consumption every year. In monetary value, food losses and waste amount to roughly US$ 310 billion in developing countries-which Kenya is part of- and US$ 680 billion in industrialized countries. Read more. Source | The Exchange
Kenya’s Chamber of Commerce and Industry (KNCCI) and the ministry of EAC and Regional Development are working on educating kenyan businesses and entrepreneurs on the available opportunities for trade in the EAC market. This has been agreed by the KNCCI chairman Mr Kiprono Kittony and the cabinet secretary for EAC and Regional Development Mr Peter Munya at a meeting seeking to have both parties collaborating on sensitization and capacity-building of Kenyan businessmen and entrepreneurs to seize the opportunities provided by the EAC integration for accessing the larger East African market. Read more. Source | The Exchange
Agriculture was the main driver for the Kenyan and Ugandan economies in the first three months of this year, expanding almost 10 per cent from 2017. Kenya said its economy expanded by 5.7 per cent in the first three months of 2018, compared with 4.5 per cent over the same period last year. Read more. Source | East African