Search Results for: Kenya

THE DE-RISKING by major banks through cancelling correspondent banking relationships (CBRs) has started to raise such alarm that anti-money laundering institutions are starting to advise against such caution.

“There has been international pressure to make banks think twice about turning down customers and not just have blanket bans  on certain jurisdictions  or certain types of institutions,” said Sarah Ouarbya,  partner in Mazars, one of the UK’s largest accountancy firms and an international  specialist in audit, tax and advisory services.…

SOLAR power of course draws on a free renewable energy to create electricity, but a burgeoning sector is enabling the harnessing of heat for cooking, which can promote energy efficiency in all manner of climates – solar cookers.

Indian solar cooker innovator Deepak Gadhia and Julie Greene, executive director, Solar Cookers International (SCI), co-chaired a 6^th SCI World Conference held in Gujarat, India, this January, that demonstrated how these technologies are entering the mainstream.…

KENYA has long been regarded as east Africa’s economic powerhouse, with residential and industrial construction boosting sales of paints and coatings – and for now there seems to be no halt in this progress. Indeed, the last World Bank assessment of growth in this 45 million people country was that GDP rose by 5.6% in 2015.…

SUB-Saharan Africa could have a new market on the block: Somalia. With peace and stability starting to take hold in a country that has lacked a strong effective government since 1991, cosmetics brand are starting to eye this Horn of Africa’s 10 million population for sales.…

SUB-Saharan Africa offers the personal care product a real chance to see solid and steep growth in sales in upcoming years, with the region’s middle class growing in size and prosperity, served by international brands boosting their retail presence, especially in larger urban markets.…

The Kenya bath and shower product market is projected to grow on average by 3% year-on-year to 2020, according to UK-based market researcher Euromonitor International. In a report released this September (2016), the sector during 2015 was valued at Kenyan Shillings KES2.4 billion (USD23.4 million at recent exchange rates).…

THE INTERNATIONAL Organization for Standardization (ISO) has developed a series of standards designed to promote sustainability in the chocolate and cocoa sector, and wants industry input.

It has released drafts on the ISO 34101 series, on ‘sustainable and traceable cocoa beans’, and wants expert opinions on them, for submission by December 4.…

As guns continue to go silent in Somalia’s waning civil conflicts, exponential growth has been witnessed in the country’s higher education sector, although there are mixed reviews about the quality of education offered by the country’s new independent universities.

Before the 1988 civil war and subsequent collapse of the central government in 1991, Somalia had only one state-owned university, the Somali National University.…

The United Arab Emirates’ (UAE) spa market experienced healthy growth in 2015 compared to 2014, increasing 11% in value terms to reach Emirati Dirham AED1.57 billion (USD428 million), according to market research company Euromonitor International.

In 2016, the market is predicted to grow by 9% to hit USD435 million year-on-year, accounting for nearly 14% of the Middle East and Africa’s USD3 billion spa market, according to Euromonitor.…

CONCERN is growing in Kenya that its clothing manufacturing industry will be kicked out from the European Union’s EU) ‘market access regulation’ (MAR) from October 1, which has granted its exporters duty-free and quota-free access to EU consumers and businesses since 2008.…