Search Results for: Kenya

British universities have been partnering with the University of Hargeisa (UoH), of breakaway state Somaliland, to boost the institution’s international credibility.

Although international recognition has yet to be conferred on Somaliland since it separated from Somalia in 1991, its largest university with 6,500 students, located in the capital city of Hargeisa, been seeking foreign partners to supply a higher educational system to Somaliland students.…

BARACK Obama seems ready to accept an extension of the African Growth and Opportunity Act (AGOA) for another 15 years before it expires in 2015, but sub-Saharan African textile manufacturers might have mixed feelings.

African ambassadors in Washington DC have been under strict instructions from their governments to lobby the United States Congress to renew the law, forming an ambassadors’ AGOA working group led by Ethiopian ambassador Girma Birru.…

Foreign mining companies may have a range of options to claim compensation against Kenya for revoking mining licenses granted between January 14 and May 15 and introducing new drilling charges and/or royalty schemes, leading arbitration law experts advise.

Lawyers at US-based international law firm King & Spalding say companies with investments whose licenses were cancelled earlier this month and/or whose revenues are hit by new charges and/or royalties may be able to claim through international investment arbitration tribunals.…

ISLAMIC banks are big business in the Middle East and Southeast Asia, but not thus far in sub-Saharan Africa. The World Bank’s International Finance Corporation (IFC), however, recently took a USD5 million, 15% equity stake in Kenya’s Gulf African Bank (GAB) to support corporate finance and lending to small and medium businesses – its first in the sub-Saharan Islamic bank sector.…

Edward Shirobo Otieno knows buying cosmetics and beauty products are not going to be a priority for the vast majority of South Sudan’s 10 million people at this time. In the world’s newest country, independent since July 2011, more than 80% of its consumers live on less than USD1 a day.…

If financial professionals ever doubted the utility of a fully functioning state for business, Somalia has since 1991 shown how its absence can undermine personal and commercial liberty.

And the lesson is underlined by the fate of Somaliland, a breakaway east African territory that declared independence from Somalia in 1991, based on land that was a British protectorate before 1960.…

THE WORLD Bank is funding a USD5.5 million project to help harmonise the pharmaceutical regulations of the five countries within the East African Community (EAC): namely Burundi, Kenya, Rwanda, Tanzania and Uganda. Under the bank’s schedule, the African Medicine Regulatory Harmonisation Project should be completed by December 2014.…

THE KENYAN government is pushing for an extension of the USA’s African Growth and Opportunities Act (AGOA), which gives sub-Saharan African exporters special access to American markets. The country’s east African affairs, commerce and tourism minister (cabinet secretary) wants AGOA extended at least 10 years from its current September 30, 2015, expiry date: “If possible, we would like to have the current protocol transformed into a permanent trade agreement,” added Kandie, addressing officials of the African Cotton and Textile Industries Federation in Nairobi on June 24.…

THE MANAGING director of the Kenya Airports Authority has said construction for a USD657 million project to build a new greenfield terminal at Jomo Kenyatta International Airport in Nairobi will begin in November and be completed in 2017. Stephen Gichuki’s comments come as the authority secured a grant of Euro EUR5 million from the EU-Africa Infrastructure Trust Fund to help finance technical and management support for the project.…

IF there is one paint ingredient that marketers agree should be left off the label, it has to be lead. General and scientific opinion agrees this metal causes health problems and the United Nations Environment Programme (UNEP), working with the UN Strategic Approach to International Chemicals Management (SAICM) has embarked on plans to eliminate architectural and household lead paints in Sub-Saharan Africa by 2020.…