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Search Results for: Kenyan

10 results out of 70 results found for 'Kenyan'.

JIANGSU LIANFA TO OPEN TEXTILE PLANT IN KENYA

The Kenyan government has confirmed to just-style that its ministry of industrialization and enterprise development has entered into a deal with Chinese firm Jiangsu Lianfa Textile Company to build a major textile plant. The Nantong, Jiangsu province-based corporation has agreed to build the plant at Naivasha, a lakeside town ninety-two kilometres north-west of Nairobi, the country’s capital.…

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EUROPEAN TRADE DEAL WITH EAST AFRICAN COMMUNITY SET TO INCREASE TEXTILE TRADE

KENYAN knitwear exporters maybe the biggest knitting sector winners from a comprehensive trade deal struck between the European Union (EU) and the East African Community (EAC), which was finalised on October 16. It should boost trade between the two regions – including of yarns and knitted or crocheted clothing and fabrics.…

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EAST AFRICAN COUNTRIES LOOKING EAST AND WEST FOR INVESTMENT

Li & Fung Ltd may have been unwilling to discuss claims that it was considering investing in the country’s planned Athi River export processing zone ‘textile city’ but the truth is that Africa is increasingly a focus of foreign clothing and textile investment.…

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CHINESE INVESTMENT IN AFRICAN TEXTILE FINISHING IS UNEVEN AND WILL BUILD ON CLOTHING INITIATIVES

Chinese investment in sub-Saharan Africa’s textile processing sector is creating new capacity for finishing, but progress is uneven. Whilst China’s growing presence in the region is far from universally popular, industry figures consulted by International Dyer across the continent were generally positive about the trend.…

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SURGING E-PAYMENTS IN EMERGING MARKETS POSE PROBLEMS FOR NASCENT FIUS

The growth in e-payment systems in emerging markets can pose challenges for local financial intelligence units (FIUs), often recently established and still grappling with suspicious transaction report systems in the formal banking sector.

Kenya is a case in point. It has a burgeoning mobile telephone-based e-payment economy, with consumers using e-wallets to buy and sell goods and services, many of whom lack access to formal bank accounts.…

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POLITICAL UNREST AND VIOLENCE DELAYS SOUTH SUDAN'S PIPELINE DEVELOPMENT

THE CIVIL conflict and political tension that has wracked South Sudan since December has delayed already difficult discussions about building a new oil pipeline to this troubled, oil-rich and landlocked country. As it stands, South Sudan – the world’s newest country – has only one option for exporting its crude: a pipeline cutting through Sudan – the country from which it seceded in 2011, following a decades-long civil war.…

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SURGING E-PAYMENTS IN EMERGING MARKETS POSE PROBLEMS FOR NASCENT FIU’S

The growth in e-payment systems in emerging markets can pose challenges for financial intelligence units (FIU) in such countries, who are often just establishing themselves and grappling with suspicious transaction report systems in the formal banking sector.

Kenya is a case in point.…

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HAWALA STILL A HARD NUT TO CRACK FOR AML REGULATORS

THE PUBLICATION in October 2013 of the latest international Financial Action Task Force (FATF) report on ‘hawala’ and other similar service providers (HOSSPs) has shed light on such alternative money remittance systems. These remain a complex area for anti-money laundering (AML) and combating the financing of terrorism (CFT) authorities to address. …

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SUB-SAHARAN AFRICAN PERSONAL CARE MARKET GROWS AS WEALTH SPREADS

SUB-SAHARAN African makers of cosmetics and personal care products are profiting from a growing and increasingly stable regional market, where economic growth is increasing demand for personal luxuries.

A report, ‘Business in Africa – Corporate Insights’ by Dianna Games, Standard Bank South Africa estimates that more than half of Africa’s population would be living in urban areas by 2030 and 60% by 2050, when the population would be about 2.4…

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DESPITE AGOA, AFRICAN APPAREL AND TEXTILE MANUFACTURERS LOSING OUT TO FOREIGN COMPANIES

BARACK Obama seems ready to accept an extension of the African Growth and Opportunity Act (AGOA) for another 15 years before it expires in 2015, but sub-Saharan African textile manufacturers might have mixed feelings.

African ambassadors in Washington DC have been under strict instructions from their governments to lobby the United States Congress to renew the law, forming an ambassadors’ AGOA working group led by Ethiopian ambassador Girma Birru.…

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