Following a trade agreement reached between the World Trade Center Africa Initiative and Italy, business between Africa and Europe is set to receive a significant boost. The agreement will see business leaders from 12 African countries meet their Italian counterparts in on-site deal rooms next year, at the inaugural Afritalia Commerce Exchange.
Venue: KICC, Nairobi, Kenya
Dates: 03 - 05 May, 2018
Timing: 10.00 am to 06.00 pm
Business Visitors Only
Kenya has a well-developed building and construction industry with quality engineering, building and architectural design services being readily available. This industry is currently on an upward trend following re-habilitation and reconstruction of roads and bridges etc.
With increase in population, and growing demand for affordable housing, opportunities exist in the construction of residential, commercial and industrial buildings including prefabricated low-cost housing. Investors can also manufacture and supply construction materials and components for the sector.
Jindal Steel & Power Ltd will spend about $100 million over two to three years to develop a coal mine in Botswana that it is acquiring through its purchase of Canada's CIC Energy Corp, a company official said on Wednesday.
India has reclaimed its position as the second largest exporter of goods to Kenya, signalling that it is gaining momentum in the race with China for control of AfricaÃ¢â‚¬â„¢s fast-growing consumer markets.
For years, China has been pumping billions of dollars across Africa to build large-scale infrastructure projects and grant cheap loans in exchange for access to the continent's natural resources and growing markets.
KenyaÃ¢â‚¬â„¢s trade with South Korea has increased from $3.6million in 2007 to $5.5 million in 2012, a 65% growth rate. Exports to South Korea include coffee, printed matter, scrap metal, gemstones, pyrethrum, wood products, handicraft, beer, tobacco, raw vegetables and sea food.
Africa will add 122 million people to its potential labour force by 2020 and by 2035 the continentÃ¢â‚¬â„¢s labour force will be larger than that of any nation, including China or India, according to a report by McKinsey Global Institute.
East AfricaÃ¢â‚¬â„¢s automotive industry is getting busier as new vehicle brands enter the regional market in anticipation for the economic boom resulting from economic integration.