Kenyan manufacturers develop standards to ease goods clearance at points of entry
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Kenyan manufacturers develop standards to ease goods clearance at points of entry

ByBrian Kithinji

Manufacturers in Kenya have launched standards aimed at enhancing efficiency and accountability at the ports and border points in the country. The Standard Operating Procedures (SOPs) developed by Kenya Association of Manufacturers (KAM) seek to ensure better and more efficient entry operations to facilitate trade and enhance the fight against illicit trade. Speaking at the…

South African stakeholders sign plan to save $908 Million Sugar Industry
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South African stakeholders sign plan to save $908 Million Sugar Industry

ByBrian Kithinji

South Africa has signed a Sugar Master Plan agreed by the government, farmers, industrial users and retailers in the $908 million sugar industry that aims at stemming a crisis caused by a flood of cheap imports and a tax on sugar-sweetened drinks that lowered demand from beverage makers. The plan has been touted as an…

Mauritian SBM Holdings quarterly profit falls to $20.6 million as impairments rise
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Mauritian SBM Holdings quarterly profit falls to $20.6 million as impairments rise

ByBrian Kithinji

Mauritius second biggest bank anticipates squeezed margins and asset-quality ratios to worsen after profit declined due to increased impairment charges. In a statement emailed by the Stock Exchange of Mauritius, SBM Holdings says that it’s nine-month attributable profit dropped to $20.6 million from a restated amount of $37.1 million mainly because of impairment charges of…

Kenya’s tea output up 4% in third quarter
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Kenya’s tea output up 4% in third quarter

ByBrian Kithinji

Kenya’s tea output grew by 4% between July and October compared to a similar period last year due to favorable weather in the highlands. Produce of crop climbed to 373.8 million kilograms in the third quarter compared to 359.6 million kilograms in 2019. Kenya Tea Development Agency, the country’s biggest tea producer, said in a…

Governance in Africa regresses for the first time in a decade: Mo Ibrahim report
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Governance in Africa regresses for the first time in a decade: Mo Ibrahim report

ByBrian Kithinji

African nations recorded the worst governance performance in 2019 for the first time in nearly a decade due to a widening deterioration in human rights, security, and rule of law, a survey published by the Ibrahim Index of African Governance (IIAG) indicates. IIAG is the most comprehensive survey of its kind on the continent rating…

Nigeria lifts ban on flights by Air France, Lufthansa, KLM, Qatar Airways
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Nigeria lifts ban on flights by Air France, Lufthansa, KLM, Qatar Airways

ByBrian Kithinji

Nigeria’s government has lifted a ban on flights to the oil producing nation by Air France, Lufthansa, KLM and Qatar Airways. The West African country barred a number of global airlines when it resumed international flights on September 5 following a prolonged lockdown aimed at halting the spread of the novel coronavirus. At the time,…