Search Results for: Kenyan

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.…

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.…

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.…

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.…

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.…

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. …

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 billion, compared to 1 billion now.…

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.…

VIETNAM’S trade ministry is targeting Africa as an export market for its textile production, encouraging fabric manufacturers to follow Vietnamese clothing companies in successfully scoring sales in this fast developing continent. The African, south Asian and east Asian trade department at Vietnam’s ministry of industry and trade (MOIT) has been promoting the potential of these markets in recent months at conferences and trade shows, stressing that Africa holds some of the greatest export potential for Vietnamese manufacturers.…

Edward Shirobo Otieno knows buying cosmetics and beauty products are not going to be a priority for the vast majority of South Sudan’s 10 million people at this time. In the world’s newest country, independent since July 2011, more than 80% of its consumers live on less than USD1 a day.…