Search Results for: Kenyan

FATF says FIUs must be a national centre for the receipt and analysis of suspicious transaction reports (STRs) and other information linked to ML, associated predicate offences and terrorist/proliferation financing, and disseminate that analysis. FIUs should be able to obtain additional information from obliged entities, and access relevant financial, administrative and law enforcement data.…

The Kenyan clothing and textile sector is looking forward to expanding through overseas sales should the African Growth and Opportunity Act (AGOA) trade protocol between the USA and 32 sub-Saharan African countries be extended to 2041 after its current authorisation expires next September (2025).  …

With Caribbean clothing manufacturing hub Haiti continuing to be wracked with lawlessness, there is some hope within the industry that stability may soon emerge: “We know, we feel, we smell the end of the tunnel,” said Georges Sassine, the president of the Association des Industries d’Haiti, and owner of Haiti’s A,G Textiles SA.…

Kenya is being opened as a potential outsourcing centre for European Union (EU) knitwear brands by a new EU-Kenya Economic Partnership agreement, now being considered for ratification by the EU Council of Ministers and the European Parliament (1). Once implemented, the deal will remove 12% and 9.6% EU duties charged on many knitted apparel exports from Kenya, potentially boosting a knitted apparel and accessory trade, growing in recent years.…

Kenya’s government has proposed imposing a 25% tariff increase on imported clothing and textiles, a move designed to wean Kenyans off luxury imported clothes, supporting a domestic clothing and textile industry that has been harmed deeply by foreign-made garment sales.

Confirming the intention to introduce the new tax measures, investments, trade and industry cabinet secretary (minister) Moses Kuria said the new taxes would help Kenya’s textile and clothing industry: “The country has a rich textile sector that should be expanded,” said Kuria on August 14, while addressing Kenyan textile investors.…

Kenya remains east Africa’s economic powerhouse and its ability to supply and encourage the region’s paint and coatings sector remains strong. Sales in paints, varnishes, pigments and other related coatings are expected to grow by 2.86% annually until 2028, according to insights from Statista (1), a Germany-based provider of market intelligence and business solutions.…

The Covid-19 pandemic’s expansion of online learning has created new higher education opportunities to teach African prison inmates, even if some jail administrators and government officials have often been reluctant to take advantage of these options. The idea that prison can deliver personal growth and reform as well as punishment and justice is not universally accepted across the continent, restricting the potential of higher online learning for inmates.…

A growing number of successful good practice case studies in Africa are helping guide universities and colleges into how best to boost access to higher education across the continent. More than 80 million Africans have disabilities, according to the UN (1).…

Concerns continue to be raised about the negative impact of the used-clothing trade with sub-Saharan Africa, hobbling the development of the region’s clothing and textile sector, although some experts warn its removal will not be easy.

According to the most recent UN data, the world’s used clothing exports increased from only USD2.5 billion in 2009 to over USD4.2 billion in 2019, noted Dr Sheng Lu, associate Professor at the Department of Fashion & Apparel Studies, University of Delaware, USA.…

The halal food market and industry in Kenya, east Africa’s economic hub, is growing, say experts, although reforms in regulation and certification are needed to underpin the sustainability of this growth.

As elsewhere, said Eugene Jernigan, director of International Trade Policy and Development at the Action Green for Trade and Sustainable Development (AGTSD) organisation, that serves small businesses in Kenya, Covid-19 hit food service sales in Kenya, and that included halal outlets.…