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  • 15
    MAY

    AFRICAN CARRIERS ON GROWTH PATH: EMIRATES SPOILS RIDE

    The latest data by the International Air Transport Association (IATA) for the global airfreight markets shows that African carriers registered a year-on-year growth of 15.6 per cent as at December 2017, and a capacity increase of 7.9 per cent. “This contributed to an annual growth in freight demand of 24.8 per cent in 2017— the fastest rate of all regions,” IATA said. This was the second time African airlines have topped the global demand growth chart since 1990. The aviation body said that capacity increased due to demand resulting from a strong growth in Africa-Asia trade, which rose by more than 64 per cent in the first 11 months of 2017. For the cargo carriers, East Africa is one of the most lucrative markets, because it is a major flower-producing region. Kenya and Ethiopia export flowers to the international flower auction in Amsterdam, before distribution to other European countries, and lately the emerging markets of China and Australia.

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  • 15
    MAY

    KENYA, DJIBOUTI SIGN FOUR PACTS TO DEEPEN TRADE AND BILATERAL TIES

    Kenya and Djibouti signed four agreements, including two on trade and visa exemption for diplomatic passport holders, aimed at boosting trade and deepening bilateral links. The deals also include a memorandum of understanding on cooperation in the livestock sector and an agreement on reciprocal promotion and protection of investments. The agreements were signed at State House, Nairobi, where President Uhuru Kenyatta hosted Djibouti President Ismail Omar Guelleh, who is on a three-day State visit to Kenya.

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  • 15
    MAY

    KENYA AND GHANA SUBMIT AFRICAN CONTINENTAL FREE TRADE DEAL PAPERS

    Kenya and Ghana Thursday handed over to the African Union Commission (AUC) the documents ratifying the continental free trade deal, becoming the first two countries to do so. The two countries’ representatives handed the African Continental Free Trade Area (AfCFTA) papers to the AUC chairman, Dr Moussa Faki Mahamat, in Addis Ababa. “Definitely Kwame Nkrumah and Jomo Kenyatta must be proud of you and proud of us,” said Dr Mahamat, upon receiving the AfCFTA documents. “We encourage other member states to follow your footsteps and ratify the continental free trade agreement,” he added.

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  • 08
    FEB

    How to Make a Huge Impact With Multiples

    President Kenyatta said the partnership that has existed between Kenya and Djibouti has been strong and efforts were being made to make the cooperation more fruitful. The Kenyan president, who spoke after holding a private meeting with his guest, said the two nations face the same kind of challenges in a region that has for decades been ravaged by conflicts and modern forms of organized crime like terrorism. “We have talked about how to strengthen our cooperation and to secure our nations. Both our nations are in a very troubled region and we talked on how to secure the safety and prosperity of our people,” said President Kenyatta. Mr. Guelleh said Djibouti desires to strengthen its partnership with Kenya in developing the region and making it peaceful.

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