The Institute of Export & International Trade Africa (IOE&IT Africa) has opened a new office in Nairobi, Kenya, to help enhance trade between UK and Kenya and boost commerce across the continent
Finance
Foreign direct investment flows to Africa fall in 2022
UNCTAD’s World Investment Report 2023 has indicated that foreign direct investment (FDI) flows to Africa declined to US$45bn in 2022 from US$80bn in 2021
DP World partners Standard Bank to expand trade finance in Africa
Standard Bank has partnered with DP World to offer trade finance solutions jointly with DP World Trade Finance
Africa projected to be second-fastest growing region
According to the African Development Bank’s (AfDB) African Economic Outlook 2023 report, Africa is set to be the second-fastest growing region in the world after Asia in 2023-2024
Kenya eyes Singapore as gateway to Asian market
According to President William Ruto, Kenya is considering Singapore’s strategic location in Southeast Asia as a gateway to its products