Archives August 2023

Source: Business Daily

According to Maxwell Okello, CEO of AmCham Kenya, the third AmCham business summit provided an opportunity for corporate executives to exchange market intelligence and discover areas of opportunity.

According to organizers, more than 700 attendees and 300 companies attended the third edition of the American Chamber of Commerce conference in Kenya’s capital, Nairobi. Delegations from the US government and corporate sector met with peers from Rwanda, Tanzania, Uganda, Ethiopia, and Kenya.

Kenya’s President William Ruto declared on Thursday that his country was open for business, stressing a contract his administration had made with the US biotech firm Moderna.

” It is with pleasure that I announced the finalized deal between Moderna and the government of Kenya to build a $500 million dolla MRNA vaccine facility in Nairobi,” he said.

According to Maxwell Okello, CEO of AmCham, the two-day AmCham business summit, which concluded Thursday, provided an opportunity for business leaders to exchange market knowledge and discover areas of opportunity, particularly for commercial involvement.

AmCham “does two things: ..One: it’s a perfect demonstration of some of the commitments we had from the US…. Two: We are very keen in seeing how we can actually advance commercial engagement,” Okello said. ” We thought this would be a good platform to create partnerships, bring local companies that could be counterparts to those American companies that are interested in coming into Kenya.”

Scott Eisner, president of the US Chamber of Commerce’s Africa Business Center, sent a delegation of more than 30 CEOs. He told VOA that they aimed to establish concrete private-sector possibilities and cooperative partnerships.

” We have plenty of tech companies with us, but we also have pharmaceuticals, medical devices, technology, satellite companies that are doing mapping of the world, infrastructure developers around Caterpillar, the GEs of the world,” he said. “So we really have arranged for a very strong delegation representing the complexities of the American business community.”

Nzonzi Katana works as a process engineer with Kenyan startup semiconductor Technologies Limited, which has a presence at the show. Microprocessors, memory chips, and sensors are all manufactured by the company.

” We have been able to meet many representatives from many African American companies,” Katana said. “I believe there’s one person who might be a potential supplier of our raw material.”

Source: Business Daily

Kenya has been given permission to begin exporting avocado fruits to India in September, with the first cargo scheduled to arrive in the Asian country.

With the opening of the Indian market, Kenyan farmers will be able to increase their Avocado planting, greatly contributing to increased incomes, agricultural job generation, and indirect benefits through downstream prospects.

The European Union, particularly the northern regions, France, Spain, the United Kingdom, and Germany are the primary destinations for avocado exports. Avocado has surpassed grapes as Europe’s second most valuable imported fruit from nations with lower incomes.

After informing the World Trade Organization (WTO), the Indian government granted Kenya Avocado market access. “We are pleased that export destinations continue to expand, allowing our farmers to grow more Avocados,” said Prof Theophilus Muthui, managing director of Kenya Plant Health Inspectorate Service (KEPHIS).

Avocado growers in Kenya must compound the fruits with mythyle bromide to control and remove pests such as fruit fly, or use cold treatment as an alternative. The first shipment will be shipped out in a deplomatic bag, and exporters will then hunt for partners and begin exporting with the assistance of (KEPHIS).

The Kenya National Chamber of Commerce Kakamega Chapter held a cocktail meeting with the Asian Business Community of Kakamega at Hotel Grand Turaco.

The meeting doubled up with sensitization on the upcoming business environment following the passage of finance bill both at the national level and at the county level.

During the meeting, the Asian Business Community led by their chairperson Mr. Pravin famously known as Mitra seconded a representative to the board of directors of KNCCI Kakamega Chapter to represent the interest of the Asian Business Community.

Mr. Nilesh will now sit on the chamber board and support the business Community with adverse expertise on accounting and financial management.

The chamber is determined to ensure there is an enabling business environment across the entire county for the growth of the economy.

The Kenya National Chamber of Commerce and Industry Kakamega Chapter through the department of Lands and Agribusiness led by Director Laban Mwanzo has played a key role in supporting the county government projects under the department of Agriculture, Livestock, Fisheries and Co-operatives which has emerged top nationwide.

“It is through coordinated efforts and support that dreams are realized”…Mr. Laban Mwanzo.

The department emerged winners on performance, ABDP, best innovation and best in fish production thanks to LabedCash Marine Enterprises a member of the chamber of Commerce Kakamega managed by Mr. Laban Mwanzo.

Through innovation, the fisheries department is hoisted to receive a fishing boat that will be used countywide for groups managing dams across.

Congratulations Kakamega County.
Congratulations Chamber.

The Kenya Livestock Commercialization Project (KelCop) organized it’s inaugural investor forum for the Dairy, bee keeping and adding poultry value chains in Kakamega.

The session targeted local and international investors in the three value chains supporting sustainable economic growth in Kakamega county.

The Kenya National Chamber of Commerce and Industry Kakamega Chapter CEO represented the Business Community during the forum organized in which he emphasizes on the sustainable market for the products in the three value chains.

The chamber being the representative of the business Community and connected from the grassroot to international levels, the CEO Mr. Tari indicated that their is ready market for members and all other businesses within Kakamega county.

In a meeting that was grazed by Hon. Benjamin Andama the CECM in charge of Agriculture County Government of Kakamega, the chamber invited members of the business community who have not registered with them to join and enjoy a wide market range of their products.

Other panelists included the CEO Premiere Feeds Malava, a representative of Sanergy fertilizer company recently launched in Matungu and director livestocks county government of Kakamega.