Kenya Airways has moved a step closer to operating direct flights to the United States after the Department of Transportation (DOT) granted it the first set of licences.
The national carrier has received “exemption authority” from the DOT, allowing it to commence flights to the US provided it secures clearance from the Federal Aviation Administration (FAA) and other applicable State agencies.
The DOT has also tentatively granted Kenya Airways a Foreign Air Carrier Permit (FACP), which is again subject to clearance from several US security, aviation and border agencies. Read more. Source | Business Daily
33% say their company has started to source more textiles and apparel from the AGOA region, while 14% further say their company will strategically adjust or redesign the supply chain based on AGOA in the next five years. However, even with the 10-year AGOA extension, only 14% of respondents are willing to make more investment, such as building factories and expanding sourcing, in the AGOA region at this point, though they recognize capacity building is critical to encourage more sourcing from Africa. Read more. Source | United States Fashion Industry Association
Uganda's coffee is still leading in Africa, an indication that there is an assured international market for the country's top income earner.
To maintain the market, there is need promote value chains in coffee to encourage the youth to tap into the value chain and export more coffee products.
This is according to the USAID deputy mission director, Mark Meassick, during the first Youth Coffee festival organized by the National Union of Coffee Agribusinesses Enterprises (NUCAFE) recently at the UMA show grounds. Read more. Source | New Vision
A US company has launched a Facebook-linked mobile phone lending service that allows users to borrow and repay small loans through M-Pesa.
The service, accessible through an app dubbed Branch is set to raise competition for other M-Pesa-based loan disbursement platforms such as M-Shwari and KCB M-Pesa.
Matt Flannery, the co-founder of the peer-to-peer lending platform Kiva, said the company will be offering entrepreneurs up to Sh50,000 repayable in six months. Read more. Source | Business Daily
This month’s Commerce-led trade and business development mission focused on commercial opportunities through the Sub- Saharan region of Africa – that is, the area south of the Sahara desert. In addition to Tanzania, the Alabama delegation stopped in South Africa and participated in the “Trade Winds Africa” business forum conference.
“It is critical for Alabama businesses, particularly small enterprises, to have the opportunity to cultivate partnerships and develop export opportunities in diverse overseas markets,” Governor Robert Bentley said. Read more. Source | Daily News
President Uhuru Kenyatta has invited US companies to take advantage of Kenya’s new policy on special economic zones.
The President said the Special Economic Zones Act he enacted recently revolutionizes the business environment for industries operating in Kenya as it has removed restrictions previously affecting companies based in export processing zones.
“Our new special economic zones law allows you to manufacture goods that you can sell to Kenya and export to the region as well as the rest of the world,” the President said when he addressed a meeting hosted by a consortium of US companies and the Corporate Council on Africa on Tuesday morning.
The special economic zones law provides incentives for industries to operate in designated zones including Naivasha, near the Ol Karia geothermal power plants. Read more. Source | KBC
In July, US President Barack Obama visited Africa and shared an important message at the Global Entrepreneurship Summit in Nairobi and at the African Union in Addis Ababa. He said: "As Africa changes, I’ve called on the world to change its approach to Africa. So many Africans have told me, we don’t want just aid, we want trade that fuels progress. We don’t want patrons, we want partners who help us build our own capacity to grow. We don’t want the indignity of dependence, we want to make our own choices…"
Today, citizens of countries across sub-Saharan Africa are certainly making their own choices and determining their own futures, represented by the fact that the economies in this region are among the fastest growing in the world. And when it comes to the US-Africa commercial relationship, more than at any other time in history, these countries are equal stakeholders in our business and trade relationships. Read more. Source |BD Live
The U.S. Embassy to Addis Abeba, through its Foreign Commercial Service office, welcomed Ten U.S. Companies to Ethiopia this week as part of the largest U.S. government-led trade mission to Africa in history.
The companies went through a day of meetings with Ethiopian government officials and area businesses, in an effort to facilitate new U.S.-Africa business deals. The Ethiopia visit was part of the U.S. Department of Commerce’s Trade Winds – Africa trade mission, which is ultimately bringing more than 100 U.S. companies to eight Sub-Saharan African markets. Read more. Source| Addis Standard
Energy companies in Kenya, Tanzania and Ethiopia are among the beneficiaries of a $1.1 million grant from three United States organisations to help expand the use of clean energy in East Africa.
The 11 companies, some from West Africa, will each receive a $100,000 grant to expand renewable energy projects.
The programme, dubbed the Off-Grid Energy Challenge, is part of the Beyond the Grid Initiative funded by General Electric Africa, US African Development Foundation (USADF) and the US Agency for International Development (USAID). Read more. Source | The East African
Kenya's plans to grow exports to the US have received an expertise boost following a pledge by a senior American government official.
US Assistant Secretary of State for African Affairs Linda Thomas-Greenfield has said her government is seeking to help African manufacturers improve the quality of their products. This, she said, will ensure they meet the required standards for the American market and help the continent tap into the recently renewed trade agreement. Goods manufactured in African countries, including Kenya, fell short of the required export quality and were therefore unable to benefit from the African Growth Opportunity Act (Agoa). Read more. Source | Standard Digital