The construction of a new transit shed at the Jomo Kenyatta International Airport (JKIA) is ongoing in a plan aimed at expanding the facility’s cargo handling capacity by more than 10 per cent.
The expansion will take the number of transit sheds to six. The move has been triggered by the rising air cargo competition from Ethiopia and South Africa, as well as the rise in exports, especially horticulture.A report released last week by the Fresh Produce Consortium of Kenya (FPC Kenya) shows that the sales of fresh produce increased to reach Sh115 billion in 2017, from Sh101.5 billion in 2016, with flower exports contributing Sh82.24 billion, up from Sh70.83 billion the previous year. Read more. Source | Business Daily
Kenya AGOA stakeholders set target of doubling 2016 value of AGOA exports to the United States by 2025
The United States Agency for International Development (USAID) Hub in east Africa and the Kenyan ministry of industry, trade and cooperatives recently joined Kenya’s private sector to review and validate a new Kenya National African Growth and Opportunity Act (AGOA) strategy that aims to double its 2016 figure of exports to the United States by 2025.
Kenya nearly doubled its exports to the United States under AGOA from $225 million in 2010 to $389 million in 2016. Apparel is mainly exported under AGOA. Read more. Source | Fibre to Fashion
Kenya plans to review its trade strategy to boost exports to the United States, officials said on Thursday. Chris Kiptoo, Principal Secretary in the Ministry for Trade, told a media briefing that the first African Growth and Opportunity Act (AGOA) strategy for Kenya was developed in 2012.
“We are conducting an in-depth review of the current strategy in order to take stock of its implementation and success as well as to suggest interventions to boosting exports to the United States,” Kiptoo said.
“Furthermore, within the new dispensation of devolved system of government, the strategy will collaborate with the county governments, as appropriate, to exploit the potential market,” he said during the validation workshop on the national AGOA strategy review. Read more. Source | CoastWeek
Before Chebet Mutai founded Wazawazi and started making high-styled leather bags, she was a trained economist who worked as a consultant at the World Bank.
“It was while I was at the World Bank that I saw that Africa needed more entrepreneurs and more manufacturing to solve some of our continent’s major problems, like unemployment among our youth,” says Chebet who became an entrepreneur herself in 2012. Read more. Source | Daily Nation
International conference organisers are upbeat following the last week’s announcement of the new visa regime.
Under the new arrangement, travellers from across the world will from January 1, 2018, receive a 30-day visa on arrival at the country’s entry points.
The development comes at a time when countries across the world are closing their borders, with most citing reasons such as insecurity and influx of migrants. However, Rwanda is proceeding with the least taken path in regards to visa policy to increase openness. Read more. Source | New Times
Non-stop flights between Kenya and the US could grow trade, tourism and the hotel sectors two-fold in the first year of commencement. According to Kenya’s Ambassador to the US Robinson Githae, direct flights will increase Nairobi’s cargo traffic and solidify trade between America and East Africa, with volumes of top exports such as fresh-cut flowers expanding exponentially.
Mr Githae confirmed that all approvals for direct flights had been obtained from US aviation authorities, adding that national carrier Kenya Airways (KQ) should now move fast to rework its route plan to include US cities. Read more. Source | Standard Digital
Africa’s leading and most high end exhibition and conference on cotton, textile, apparel, technology and footwear industry, wholesale, retail, boutique stores and the hospitality industry will be undertaken in Addis Ababa from October 3-6, 2017.
The event organized by Africa Sourcing and Fashion Week (ASFW) and Messe Frankfurt Exhibition will attract companies which represent 25 countries and about 3,500 high end trade buyers from around the world, indicates Eskindir Negasi, Messe Frankfurt Exhibition representative. Read more. Source | Ethiopian Herald
Africa's main trade show for cotton, textile, apparel, home and technology industries kicked off in Ethiopia's capital Addis Ababa on Tuesday.
The African Sourcing and Fashion Week, which will last toward Friday, has gathered some 230 international producers and exporters from 25 countries, the organizers Trade and Fairs East Africa and Messe Frankfurt indicated Tuesday.
Among the variety of products showcased at the trade show include apparel fabrics, leather goods, fashion and fashionable accessories. Home and household textile providers are also among exhibitors as part of the event. Read more. Source | Xinhua News
This Administration seeks to do business not just in Africa, but with Africa, moving the focus of our economic relationship with the continent from aid to trade and investment. Trade will be free, fair, and reciprocal, and our investors will be more competitive. This is about creating jobs for both Americans and Africans throughout the continent.
One of our most important bipartisan endeavors in the economic arena is the African Growth and Opportunity Act, or AGOA. AGOA has been the cornerstone of U.S. economic engagement with countries of sub-Saharan Africa since 2000. Read more. Source | U.S. Department of State