The PS said Kenya must position itself strategically to benefit from a trade deal signed between the two countries. Ethiopia’s growing manufacturing sector is increasingly attracting new investors, while in Kenya high production costs have pushed a number of producers to close shop. Torome said Ethiopia's industrialisation policy has helped grow its manufacturing sector. “If not careful our market will be flooded with goods from Ethiopia. Kenya must improve the industrial sector,” Torome said on Wednesday, during the Kenya Economic Report launch in Nairobi.
The 2016 report by the Kenya Institute for Public Policy Research and Analysis indicates that while the manufacturing sector value grew to Sh425.5 billion in 2014-15 compared to Sh417.7 billion in 2013-14, its contributions to Gross Domestic Product and employment are marginally declining. “Key challenges include high production costs and competition from cheap imports especially from China and India, among other challenges,” the economic report states
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Louvres Hotel Group, number one hotel group in East Africa, signed its 3rd hotel in Ethiopia, pursuing the expansion of an ambitious network covering sub-Saharan
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Safaricom has denied reports of the company entering into the Ethiopian market. The Kenyan telco had been said to be gearing up for its first venture
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Flying even more greener; Ethiopian Airlines Group, the largest airline in Africa, is pleased to announce that it has fully digitalized all its business processes