Kenya could unlock Sh194.6bn in private investment

Three sectors emerge as potential engines for fresh private investment and jobs Agriculture, coastal tourism and medical manufacturing face key barriers to expansion Reforms could open new opportunities for farmers, businesses and regional manufacturers Kenya could unlock up to Ksh194.6 billion in fresh private investment and create about 80,000 direct jobs by fixing bottlenecks in…

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KBAI and CBK-IMS officials during the signing ceremony for a partnership on banking training, certification and professional development. PHOTO| Courtesy

KBAI launched to boost banking skills and certification

Banking industry launches a new institute to strengthen professional skills New partnership brings together banking and monetary policy expertise Training will cover emerging areas shaping the future of financial services The banking industry has launched the Kenya Bankers Association Institute (KBAI) to strengthen skills and professional development in the sector. Central Bank of Kenya (CBK)…

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Nairobi International Trade Fair opens with climate smart farming focus

More than 500 exhibitors are showcasing products, technology and services Climate smart farming and export opportunities are taking centre stage at the fair Jamhuri Park is undergoing upgrades as organisers prepare for growing trade activity The Nairobi International Trade Fair has opened at Jamhuri Park today with over 500 exhibitors, a climate smart theme and…

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Hides and skins traders pose for a photo outside the Turkana County Assembly. PHOTO| courtesy

Turkana traders push for review of hides and skins levies

Hides and skins traders in Turkana are seeking changes to levies affecting their businesses Traders want charges and permits reviewed to make the sector more viable County officials are considering reforms to support the livestock value chain and improve revenue collection Traders in Turkana’s hides and skins sector have petitioned the County Assembly to review…

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Principal Secretary, State Department for Co-operatives, Patrick Kilemi, speaks during a meeting between Kenyan and Italian officials on the AGRIPACT agri-food value chain partnership. PHOTO| Courtesy

Kenya, Italy back Sh1.5bn agri-food value chain plan

Kenya and Italy partner on a Ksh1.5 billion plan targeting key agri-food value chains Farmers and agri-food enterprises in Nakuru and Kilifi set to benefit from the initiative The partnership will focus on value addition, market access and sustainable production Kenya and Italy are deepening cooperation in agriculture through a €10.2 million (about Ksh1.5 billion)…

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Deputy President Kithure Kindiki speaks during a meeting at his Karen residence in Nairobi on preparations for the groundbreaking of the East Africa Refinery in Lamu County. PHOTO| Courtesy

DP Kindiki: Construction of Sh2.2 trillion Lamu refinery set to begin next week

Lamu refinery project is set for groundbreaking next week as preparations enter final stages Government says the project could create thousands of jobs and expand opportunities in the Coast region The refinery is expected to support Kenya’s petrochemical, manufacturing and energy ambitions The construction of the East Africa Refinery in Lamu County is set to…

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Leaders hold a bamboo seedling during the Bamboo Expo and World Bamboo Day celebrations at Meru University of Science and Technology. PHOTO| courtesy

Bamboo growing key to boosting incomes, says KEFRI

KEFRI urges Kenyans to embrace bamboo farming Bamboo highlighted as an emerging income and enterprise opportunity Stakeholders call for stronger support for bamboo value addition Kenyans have been challenged by stakeholders to embrace the planting of the bamboo tree owing to its economic, social and environmental benefits to the community and country. Led by the…

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State Department for Industry Principal Secretary Dr. Juma Mukhwana speaks during a presser.- PHOTO| Courtesy

Govt to invest Sh150m in cassava processing equipment at Nasewa

Government allocates Ksh150 million for cassava processing equipment Nasewa CAIP targets value addition and new jobs for farmers Parliamentary committee calls for faster completion of the project The Government will invest Ksh150 million to equip the Nasewa County Aggregation and Industrial Park (CAIP) in Busia County with cassava starch and flour processing machinery as part…

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EAC revives capital markets committee to power monetary union push

EAC revives capital markets committee after six-year break Regional regulators push for stronger market integration Committee links capital markets reforms to monetary union goals East African Community (EAC) Partner States are set for closer coordination on capital markets after the bloc reactivated a technical committee that had been dormant for six years, positioning the region…

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President William Ruto arrives during the Kenya Diaspora Impact Platform engagement in New York. Photo| courtesy

Kenya unveils diaspora platform to boost development role

Kenya launches a new platform to connect diaspora with opportunities at home Diaspora set to support MSMEs through investment, skills and knowledge transfer Government, United Nations and private sector join efforts to deepen diaspora participation Kenya has unveiled a new platform aimed at strengthening the contribution of citizens living abroad to the country’s economic and…

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