ECA Launches E-commerce Platform to Support AfCFTA Transactions
The Economic Commission for Africa (ECA) has launched ATEX, a business-to-business e-commerce platform that seeks to facilitate trading between buyers and suppliers after African Continental Free Trade Area (AfCFTA) comes [...]
Kenya Launches a Harmonized System for Inspecting, Verifying, Clearing Imports
Kenyan manufacturers have launched a one-stop reference for all government agencies involved in inspection, verification and clearance of imported cargo. It is a document clearly outlining the importation process, the [...]
Kenya's Earnings From Avocado Exports Rise by 40%
The country's earnings from avocado exports rose by 40% to Ksh 14 Billion from Ksh 10 Billion during the 12 month period ended October 2020 according to the latest data [...]
Jumia Cuts Operating Losses by 49% to $33 Million as Pandemic Disruptions Slow
Jumia Technologies AG, a Nigerian-based online shopping platform with a presence in several countries in Africa, including Kenya, has posted a 49% reduction in operating losses to $ 33 Million. [...]
EU Imposes Tariffs on $4 Billion of US Goods as Trade War Heightens
The European Union (EU) has announced plans to impose tariffs on $4 billion of US goods as the trade war between them continues to heighten. World Trade Organization (WTO) authorized [...]EAC Member States Get 5 Years to Join Kenya-UK Trade Deal
East African Community (EAC) member states have up to five years to join the UK-Kenya trade agreement due to be signed ahead of the Brexit transitional deadline. The new document [...]Angola Becomes 30th State Party to Ratify the AfCFTA
The People’s Republic of Angola has deposited its ratification instruments for the African Continental Free Trade Agreement (AfCFTA), having signed it on 21st March 2018, making it the 30th state [...]Tea Auction Records an Increase in Prices
Theweekly MombasaTea Auction held on the 19th and 21st October 2020 had 9.5 million kilograms of tea offered for sale. The amount on offer increased from 9.2 million kilograms offered [...]Court Issues Orders Barring Tuskys' Creditors from Auctioning its Assets
The High Court issued asset preservation orders which bar creditors from auctioning Tuskys properties. The court also barred the freezing of its accounts by various creditors. Tuskys advocate Patrick Onyango [...]Kenya Traders Worried as Ethiopia Enters Somalia's Khat Market
Stiff competition is looming over Kenya's Miraa business after Ethiopia reportedly ventured into the lucrative Somalia market for the produce. Somali media reports that the Ethiopian national carrier has already [...]Tea Auction Records a Decline in Prices
Theweekly MombasaTea Auction held on the 12th and 13th October 2020 had 9.08 million kilograms of tea offered for sale. The amount on offer increased from 8.98 million kilograms offered [...]Citi Bank and 4G Capital Ink a Ksh 285Mn Deal to Boost MSMEs' Working Capital
Citi Bank and 4G Capital Group have partnered to tackle financial exclusion in Kenya. Citi will provide a KSh 285 million term loan that will reach over 25,000 small businesses. [...]
