Traders push Turkey to lift 145pc tax on Kenyan tea

The Kenya National Chamber of Commerce and Industry (KNCCI) is lobbying for the lifting of a tax slapped on tea exports to Turkey.

~ Business Daily Africa

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China fish imports hit record high of Sh1.7bn

The value of fish imported from China increased by 11.8 percent to a historic high of Sh1.7 billion last year, raising more disquiet from local traders who complain of being edged of the market by the cheaper supplies.

Business Daily Africa , Kenya Feb 7, 2019
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China garlic hits 50pc of Kenya’s market supply

Official data indicate that Kenya imported 50 per cent of garlic from China as traders moved to bridge the huge supply gap.

Business Daily Africa , Kenya Feb 10, 2019
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Import-export deficit narrows to 11-year low

The Central Bank of Kenya (CBK) said in its latest weekly bulletin that other factors pushing the deficit down to 4.9 percent of the gross domestic product (GDP) were an increase in tourism receipts and a decline in food imports.

Business Daily Africa , Kenya Feb 6, 2019
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Why UK lobbies want ban on used clothes exports

Kenya imports about 100,000 tonnes of second-hand clothes a year, providing the government revenues from customs duties and creating tens of thousands of jobs.

Daily Nation , Kenya Feb 4, 2019
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Algeria energy revenues up 15 pct in 2018, trade deficit down

ALGIERS (Reuters) - Algeria’s energy earnings rose 15.27 percent in 2018 from the previous year due to higher global oil prices, the government said on Saturday.

Reuters , Africa Feb 10, 2019
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Kenya says Tanzania, Uganda are distorting maize market

A bumper harvest across the region last year caused an oversupply and a subsequent fall in prices, resulting in farmers struggling to get market access and leaving governments unable to buy all the maize for their strategic reserves.

The East African , Kenya Feb 11, 2019
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Import-export deficit narrows to 11-year low

The Central Bank of Kenya (CBK) said in its latest weekly bulletin that other factors pushing the deficit down to 4.9 percent of the gross domestic product (GDP) were an increase in tourism receipts and a decline in food imports.

Daily Nation , Kenya Feb 6, 2019
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Turkey’s tough times could be good news for its wine exports

Despite the region’s rich oenological history, Mehmed II’s capture of Constantinople in 1453 created a nation averse to alcohol, though some Orthodox Christians managed to keep the vine alive.

IOL , South Africa Feb 2, 2019
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Airtel, Telkom sign deal to merge operations

Under the deal, the firms said in a statement, Telkom Kenya’s real estate portfolio and specific government services will not form part of the combined entity.

Business Daily Africa , Kenya Feb 8, 2019
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Airtel, Telkom sign deal to merge operations

Under the deal, the firms said in a statement, Telkom Kenya’s real estate portfolio and specific government services will not form part of the combined entity.

Daily Nation , Kenya Feb 8, 2019
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Anti-Counterfeit Agency in new plan to upgrade to an authority

ACA executive director Elema Halake said the plan will make the agency an authority, affirmed with the responsibility to help in policy formulation in the Ministry of Trade and research organizations.

The Star , Kenya Feb 1, 2019
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Poultry exports ban could soon be lifted

Uganda has submitted a report on eradicating the Azian Influenza (Bad Flu) to the World Organisation for Animal Health (OIE), a development that could see a lift on the ban of poultry exports to her neighbors.

Daily Monitor , Uganda Feb 5, 2019
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EDITORIAL: Curb fish imports threat

The best justification of the fishing industry’s outcry about the threat posed by Chinese imports is the record amount shipped in last year.

Daily Nation , Kenya Feb 7, 2019
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UK lobbies urge ban of used clothes exports to Africa

The UK charities argue that while used clothing provides African governments with revenues from custom duties and creates tens of thousands of jobs, it destroys local manufacturers who cannot compete.

The East African , Kenya Feb 5, 2019
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Why Chinese fish should worry you

Laboratory tests commissioned by the Nation two weeks ago revealed that fish imported from China had traces of mercury, lead, arsenic and copper, exposing millions to health risks.

Daily Nation , Kenya Feb 8, 2019
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Kenyan banks target first green bond by end of the year

Kenyan banks plan to issue a green bond by end of this year to raise money in the war on climate change, sector lobby Kenya Bankers Association (KBA) has said.

Business Daily Africa , Kenya Feb 4, 2019
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Tanzania plans to ban fish imports from China

“We are looking to protect Tanzania’s marine resources through proper arrangements for commercial fishing, to make it beneficial to those in the business,” Mr Mpina said.

The East African , Kenya Feb 11, 2019
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Electricity use at 4-year high in sign of growth

Month-on-month electricity consumption hit a four-year high of 750.97 Gigawatt hours (GWh) in November, pointing to increased uptake of power by households and businesses in signs of accelerating economic growth.

Business Daily Africa , Kenya Feb 6, 2019
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How a no-deal Brexit would affect Africa

The British Parliament on Tuesday January 29 gave Prime Minister Teresa May the authority to freshly negotiate a Withdrawal Agreement with the EU just one week after it rejected by a resounding 432 votes to 202, making the odds of a no-deal Brexit...

The East African , Kenya Feb 5, 2019
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PPC talks with authorities again about imports

The company said yesterday that the engagements were meant to ensure the sustainability of the domestic industry and market stabilisation.

IOL , South Africa Feb 6, 2019