Africa’s debt capital markets remain robust despite macroeconomic and political challenges
growing maturity and depth - along with their ability to develop solutions in the face of volatility and change.
activities geared to attainment of vision 2030 and in line with the sustainable development goals (SDGS)
Kenya witnessed the construction of the standard gauge railway. The Mombasa-Nairobi SGR is the biggest infrastructure project in Kenya since independence. It will shorten the passenger travel time from Mombasa to Nairobi from more than ten hours to a little more than four hours. Freight trains will complete the journey in less than eight hours.
Different ministries for example that of education reviewed the curriculum that witnessed overhaul of 844 system of education to 2663
Elsewhere a London based digital money transfer provider SimbaPay launched its mobile money transfer service to the two African nations At least Ghanaians and Ugandans living in Europe can now send money to mobile phones in Ghana or Uganda instantly using the SimbaPay app or website In the attempts to promote diversification, the Nairobi
Securities Exchange (NSE) will be offering exchange traded fund (ETFs). This was approved by the regulator.
the ETF, as it diversifies from equities and bond trading. Other areas we gave focus include South Africa’s standard bank taking action after ATM heist in Japan, Standard
Chartered Bank Nigeria Limited won the Best Social Media Initiative and Wealth Management Team of the Year in West Africa by The Asian Banker and the Little Cab, the ride-hailing app backed by telecoms operator Safaricom, slowly giving Uber a run for its money.
Although the unexpected victory of Donald Trump sparked debate, especially criticism of how the United States of American foreign policy would look like under
his administration Kenya and other African states have nothing to worry about Under the Obama administration trade and investments between Kenya and the US recorded remarkable growth, with net imports increasing by 206.4 percent from the Bush administration, highlighting the improved activity in trade between the 2-nations.
Key to note is that imports from the US increased by 90.4 percent, faster than our exports to the US, which grew by 81.9 percent. And with over 96 investment projects in
Africa worth USD 6.9 bn as at 2015, the US remains to be the single largest investor in Africa As per Trump’s policy, his 7-point plan to rebuild the American economy involves fighting for free trade. His plan involves withdrawal from the Trans African partnership and the renegotiation of trade agreements to better suit the American worker. However, there is no direct mention of any changes to trade between the US, Kenya and other African states.
Kenya is calling for speedy African trade integration
Kenya is pushing for the acceleratedimplementation of the Tripartite
Free Trade Area expected to bring together economies from South, West and East Africa in an effort of bridging intra Africa trade.
According to Cabinet Secretary Amb Amina Mohamed, African countries need
to work towards adopting borderless continent to allow for increased
movement of goods.
CS, “We must deepen our own integration and not clink to sovereignty for
sovereignty sake to close our borders. Currently, Intra African trade stands at 10
percent compared to trade with North America and Europe which accounts for 40
percent and 63 percent respectively Amb Mohamed was speaking in Algeria
during the first ever African Investment and Business Forum.
The East African Community (EAC), Common Market for Eastern and Southern
Africa (COMESA) and Southern Africa Development Cooperation (SADC) have mulled plans to integrate, bringing together 26 countries with a combined GDP of $624 billion.
The cabinet secretary maintains that the continent has enough potential to grow by trading amongst African countries that would also boost the continents bargaining power on the international stage.
Amina, “To move forward, we need to make sacrifices. We have put in place cross border initiatives to ensure that formal and informal trade is fully facilitated and
registered.” The forum brought together government officials from across the continent with plans to successfully implement the African blueprint, Agenda 2063