Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Under the agreement, TMEA will be supporting Kenya Private Sector Alliance’s Public-Private Sector Dialogue programme, which focuses on six areas.

Kenya

Kepsa in Sh154.4m deal to boost trade, investment

Under the agreement, TMEA will be supporting Kenya Private Sector Alliance’s Public-Private Sector Dialogue programme, which focuses on six areas.

NAIROBI, Kenya, Aug 20 – Private sector players have signed a Sh154.4 million financing agreement with Trademark East Africa, to support trade and investment for businesses and create jobs.

Under the agreement, TMEA will be supporting Kenya Private Sector Alliance’s Public-Private Sector Dialogue programme, which focuses on six areas.

These include transport and logistics, Customs and Tax, and Technical Support for efficient Public-Private Sector Dialogue frameworks among others.

Chair of KEPSA’s Public-Private Dialogue Board Committee Brenda Mbathi says the sector will yield a two-fold benefit from the grant.

“We plan to implement a new approach which involves working together with the local sector-based business associations, business associations representing foreign companies in Kenya and the civil society advocates of regional integration,” Mbathi says.

The grant is intended to foster policy interventions geared towards catalyzing growth of trade and investment for Kenya businesses.

It also plans on strengthening the private sector with more capacity for better coordination of strategic public policy dialogue.

“Building platforms where the private sector can voice issues that are real and pertinent to the business environment remains critical in the larger sphere of our work,” TMEA CEO Frank Matsaert said.

Overall, KEPSA’s PPD Program aims to contribute to achieving 10 percent reduction in transport cost and time and lobby for enhanced customs, port and other trade-related agencies efficiency to reduce service time to 48hrs through inter-agency collaboration and digitizing and integrated trade management systems.

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Headlines

NAIROBI, Kenya, Mar 16 – The World Bank has given the Kenyan government USD 60 Million (Sh6.1 billion) to help combat the deadly coronavirus pandemic...