Search Results for: Kenya

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.…

LIVESTOCK exporters using the key southern Somalia port of Kismayo are calling for facility improvements to spur this trade, which is of critical importance to the economic health of this war-wracked region.
Inefficiencies, outdated infrastructure and tainted global image courtesy of piracy, is not only holding back livestock exports but curtailing efforts to make Kismayo port profitable, said Ibrahim Ahmed Abdinoor, chief executive officer of the African Shipping Line, which has offices in Somalia, Kenya, Tanzania and Dubai.…

CONCERN is growing in Kenya that its meat and livestock 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.…

AFRICA’S economic growth means it does not just have more banks than before, banking groups are spreading across national borders. And while this can boost banks’ lending and savings security, it also complicates the job of regulators charged with ensuring such institutions are honest and solvent.…

The Kenyan textiles and apparels industry has welcomed an anticipated trade deal between Kenya and Turkey designed to boost annual trade volumes between the two countries to USD1 billion, up from the prevailing USD144 million. The Kenya Association of Manufacturers (KAM), an umbrella body that represents firms across the industrial sector in Kenya, sees this as a reinforcement of long standing trade partnership between Kenya and Turkey, as well as a win for textiles.…

MOBILE money transactions surged in 2015 across the world – increasing by 31% to reach 411 million mobile money accounts, and this is a critical platform for expanding financial inclusion globally, according to GSMA, a UK-based global mobile industry association, in its February 2016 annual report on the ‘State of the Industry Report on Mobile Money’. …

Board directors are being warned they must anticipate and prepare for significant changes to the way their companies do business in the wake of the international climate change accord agreed in Paris last December (2015). The agreement called on all nations to hold the increase in the global average temperature to well below 2°C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5°C above pre-industrial levels.…

UNCERTAINTY might sound like a rather nebulous concern for international clothing brands considering their sourcing, but it can be a very tough problem that undermines operational efficiency up and downstream. It is an especially large challenge for brands who are venturing out to source apparel from emerging sources such as sub-Saharan Africa or Myanmar among others, Dr Patrick J Conway, department chair of economics at the University of North Carolina, USA, told just-style.…

A MEETING of the European Parliament’s special committee on tax rulings has grilled multinationals over European Union (EU) member state tax rulings. The European Commission fears they have been abused by governments giving companies low tax rates in return for registering businesses in their jurisdictions.…