Search Results for: Kenya

The Kenyan government has confirmed to just-style that its ministry of industrialization and enterprise development has entered into a deal with Chinese firm Jiangsu Lianfa Textile Company to build a major textile plant. The Nantong, Jiangsu province-based corporation has agreed to build the plant at Naivasha, a lakeside town ninety-two kilometres north-west of Nairobi, the country’s capital.…

KENYAN knitwear exporters maybe the biggest knitting sector winners from a comprehensive trade deal struck between the European Union (EU) and the East African Community (EAC), which was finalised on October 16. It should boost trade between the two regions – including of yarns and knitted or crocheted clothing and fabrics.…

Plans to build a major textile factory in Ethiopia are closer to being realised for Chinese textile company, Jiangsu Lianfa Textile Co. Ltd, after a pre-investment plan to construct the USD500 million factory was finalised this month (September). 

Its decision to invest in the Horn of Africa country comes after making investment assessments in Kenya, Uganda and Tanzania.…

The Botswana International University of Science and Technology (BIUST) is now operating at its permanent home in country’s Central District, having moved from temporary premises near the capital Gabarone.
The project, promoted by the country’s former president Festus Mogae, has been launched to boost science, engineering and technology degree programmes within Botswana, boosting the quality of its labour force.…

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.…

Rapidly increasing continental air traffic has fuelled intense competition among east African countries in constructing and upgrading airport infrastructure. Indeed, investments could exceed USD1.7 billion in the next three years, according to Andrew Luzze, the executive director of the East African Business Council.…

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 Kenya Association of Manufacturers (KAM) has told just-style it welcomes government plans to create a textile industry hub at the export processing zone in Athi River town, near Nairobi, saying it will boost backward integration in the country’s clothing sector.…

AFTER six years of financing some of the largest infrastructure projects across Africa, a groundbreaking multilateral development institution – the Africa Finance Corporation (AFC) – has attained its investment grade international credit rating. Moody’s Investors Service assigned the corporation an A3 (long term) /P2 (short term) foreign currency debt rating, making the AFC, headquartered in Lagos, Nigeria the second highest investment grade rated financial institution based on the African continent, following the long-established Africa Development Bank (ADB).…

MONEY laundering through global shell companies could be better tackled with simple and inexpensive measures rather than revisions of complex anti-money laundering (AML) procedures, according to a senior Australian academic. “We don’t need more rules, we need better enforcement of existing rules,” said Prof Jason Sharman, co-author of ‘Global Shell Games: Experiments in Transnational Relations, Crime, and Terrorism’, due for release in April 2014.…