Search Results for: Kenya

THE NONWOVENS industry in the Middle East and North Africa (MENA) is still struggling with over-capacity, while declining purchasing power has hit the mid- and higher-tier segments, prompting global players to reconsider product offerings.

MENA economies have been impacted by low oil prices and regional instability, with growth forecast at 1.5% this year, down from 1.7% in 2018, according to investment bank JP Morgan.…

The UK Serious Fraud Office (SFO) has opened an investigation into the world’s biggest banknote and passport printing company De La Rue over its operations in South Sudan. UK-based De La Rue has held the contract to print South Sudan’s currency since the country was founded in 2011.…

THE TANZANIAN government’s decision to increase levies on dry hair imports and associated wigs, hair pieces and extensions, and which are widely popular in the country, has been met with real concern and some anger by the east African beauty industry.…

WOLLASTONITE has been described by a Canadian producer as “a white mineral for a greener world,” and it seems governments, businesses and industries agree – with wollastonite is set to see increased market growth in its traditional uses plus a new focus on its powerful qualities to help tackle climate change.…

WOLLASTONITE has been described by a Canadian producer as “a white mineral for a greener world,” and it seems governments, businesses and industries agree – with wollastonite is set to see increased market growth in its traditional uses plus a new focus on its powerful qualities to help tackle climate change.…

Kenyan President Uhuru Kenyatta and Central Bank of Kenya (CBK) Governor Patrick Njoroge have unveiled the latest weapon in the country’s battle against corruption, counterfeiting and money laundering with the introducion new banknotes. The Kenyan government requires old Kenyan Shilling KES1,000 (USD9.87) notes to be exchanged for the new bills by October 1, with the new KES50 (USD0.49), KES100 (USD0.99), KES200 (USD1.97) and KES500 (USD4.93) notes being phased in gradually.…

MONEY service businesses (MSBs) are having a tougher time operating in compliance with international AMF/CFT rules, especially those in emerging market countries, where they have to deal with a double challenge of tighter controls and derisking by banking partners.

MSBs throughout the Middle East, for instance, have been hit by derisking from correspondent banks as well as designations by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC).…

AFRICA is without doubt the continent to watch for airport and air traffic control investment in the future. It is the world’s second most populous continent (home to more than 1.2 billion people), and according to Airports Council International (World) – ACI World – Africa was the fastest growing region for air passenger traffic in 2017 and 2018, which rose 6.3% in 2017 year-on-year and 10.8% in 2018 to June year-to-date, year-on-year.…

Refugees have welcomed an international initiative at Gulu University, in northern Uganda, that is equipping them with skills on agribusiness and micro-enterprise development, helping them become financially independent.

Gulu is one of two African universities implementing the Mastercard Foundation-funded Transforming African Agricultural Universities project whose goal is meaningfully contributing to Africa’s growth and development.…

WITH Kenya’s economy still growing fast – its GDP is projected to increase by 5.8% this year (2019) east Africa’s economic hub is expected to provide the paint and coatings sector plenty of extra sales. Such growth in the construction industry is reflected in its neighbouring countries, notably Ethiopia, Kenya, Rwanda, Tanzania and Uganda, offering additional sales for companies with the scale to score regional sales.…