Tuesday Morning Business Brief: KQ US flight opportunities, SME roundtable

October 16, 2018
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About 7,000 passengers have booked to fly KQ in the Kenya-US route that starts on October 28/FILE

, NAIROBI, Kenya, Oct 16 – The Export Promotion Council will today morning hold a briefing session at Crowne Plaza on the opportunities that will be created with direct flights from Kenya to the USA set to begin on 28th October.

The Council in collaboration with other stakeholders has organized a sensitization forum for existing, potential and emerging Exporters to the USA to promote export trade.

Currently, United States of America is ranked 3rd among Kenya’s export market destinations accounting for about 8 percent of Kenya’s total export market share in 2017. The briefing will delve on the opportunities to be explored by exporters in the USA market.

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President Kenyatta will preside over the SMEs roundtable at Strathmore University in Madaraka.

The roundtable will discuss the blueprint for accelerated growth for Kenyan SMS and has been organized by Strathmore University Business School. The forum is open to SMEs in the Agroprocessing, Aquaculture, Construction, livestock and textile sectors.

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Internet Solutions Managing Director Richard Hechle will preside over the launch of the company’s consumption-based bandwidth billing system.

The new service will see clients pay their monthly internet bills based on consumption – bandwidth consumed as a utility just like electricity. The Managing Director will also use the opportunity to outline the company’s expansion strategy as the firm seeks to grow its revenue and increase market share.

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The International Monetary Fund said Monday it has decided to reopen an office in Argentina, six years after leaving.

The decision came days after Buenos Aires reached a deal with the IMF on the money supply, interest rates and an exchange rate framework.

In exchange for these measures, the Fund agreed to speed up payment of a $50 billion loan granted in June to Latin America’s third-largest economy, now in another economic crisis.

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