Africa

WORLD BANK APPROVES $246 MILLION TO STRENGTHEN WEST AFRICA’S COASTAL RESILIENCE 

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The West Africa Coastal Areas Resilience Investment Project (WACA ResIP 2), approved today for a total amount of $246 million in International Development Association (IDA) financing, including a $5 million PROBLUE grant, will benefit populations at immediate risk from coastal erosion, flooding, and pollution, as well as people relying on agroindustry and tourism along the […]

WORLD BANK APPROVES $246 MILLION TO STRENGTHEN WEST AFRICA’S COASTAL RESILIENCE  Read More »

AFRICAN TRADE IS INCREASINGLY BEING LED BY CHINESE PROVINCES 

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The Chinese central government has been the primary force behind China-Africa relations for many years, investing enormous sums of money in the trade and infrastructure of the continent. The central government is currently giving local, provincial, and their businesses more authority to lead the next stage of trade between China and Africa. Zhejiang, a coastline province

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CHINA AND UGANDA CELEBRATE 60 YEARS OF COOPERATION 

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On the 18th October 2022, Chinese President Xi Jinping and Ugandan President Yoweri Museveni, congratulated each other on the 60th anniversary of diplomatic relations between the two countries. China was one of the first countries to establish diplomatic relations with Uganda, since gaining its independence.  Diplomatic relations between these two countries were established on the 18th

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LAMU & MOMBASA PORTS ANALYSIS IN RELATION TO FOREIGN INVESTMENT AND LOCAL DEVELOPMENT

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Located in Eastern Africa, Kenya is categorized as a middle-income country. Kenya’s economy has grown steadily with a boost provided by the service sector, tourism and telecommunications. The Kenya Ports Authority (KPA) and the government are responsible for operating, managing and refurbishing the nation’s ports.There are about 15 ports in the country and most of

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INCENTIVES THAT FOREIGN INVESTORS ENJOY IN KENYA            

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Tax incentives are offered for capital expenditures. These include wear and tear allowances, industrial building deduction, investment deduction and farm-works deductions. Below are among some of the incentives offered and explained. Investment deduction An investor who incurs capital expenditure on building and/or machinery used for manufacture is entitled to an investment deduction equal to 100%

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LAMU PORT AND SOUTHERN SUDAN-ETHIOPIA TRANSPORT CORRIDOR (LAPSSET) KENYA

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LAPSSET is country’s second transport corridor. Kenya’s other transport corridor is the Mombasa – Uganda transport corridor that passes through Nairobi and much of the Northern Rift. The Lamu delta provides a range of vital goods and services but could be under serious threat by the multi-million dollar Port and associated infrastructure development in particular,

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