Kenya halts recruitment of workers to Middle East over abuse
Kenya has suspended the recruitment of its citizens to work in the Middle East following rampant cases of abuse.
Read more: Kenya halts recruitment of workers to Middle East over abuse
Kenya Named Second Biggest Market In Africa By Uber
There are currently 363,000 active Uber users in Kenya, according to the latest statistics released by the company to mark its fourth year of operation in the continent.
South Africa is told to be Uber’s biggest market in Africa with 969,000 active riders, while Kenya is second.
Read more: Kenya Named Second Biggest Market In Africa By Uber
CHINA’S KEEN INTEREST IN THE AFRICAN AUTOMOTIVE MARKET
The global automotive business is in its most disruptive era since the advent of the industry over a century ago, creating an abundance of opportunities for new and established companies in the global automotive market. Analysts anticipate the market to grow by 2%, reaching 91 million new units sold in 2016.
The African economy has seen steady growth for the past decade and even with sustained low oil and commodity prices, the automotive industry is expected to grow considerably in most countries. Africa is forecast to grow between 3% and 3.7% in 2016 with East Africa retaining its position as the fastest growing region on the continent.
Read more: CHINA’S KEEN INTEREST IN THE AFRICAN AUTOMOTIVE MARKET
Turkish Exporters Target Africa
At a time when struggling Turkish exporters are looking for ways to diversify their target markets, Africa is poised to become the new frontier market for Turkish firms as they position themselves to become major stakeholders in the region’s rapidly growing industries.
Africa has recorded an annual growth rate of 5 percent over the last decade and is expected to continue this trend in the coming years. Six out of ten fastest growing economies in the world are now in Africa. Economic predictions indicate that Africa will be a $29 trillion economy in 2050, larger than the 2012 combined GDP of the US and Eurozone.
