African Business News

African workforce can overtake China, India

Africa will add 122 million people to its potential labour force by 2020 and by 2035 the continent’s labour force will be larger than that of any nation, including China or India, according to a report by McKinsey Global Institute.

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India beats China to top trading spot with Kenya

India has reclaimed its position as the second largest exporter of goods to Kenya, signalling that it is gaining momentum in the race with China for control of Africa’s fast-growing consumer markets.

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Kenya rallies to increase Trade

Kenya’s trade with South Korea has increased from $3.6million in 2007 to $5.5 million in 2012, a 65% growth rate. Exports to South Korea include coffee, printed matter, scrap metal, gemstones, pyrethrum, wood products, handicraft, beer, tobacco, raw vegetables and sea food.

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East Africa`s automotive industry now gets busier

East Africa’s automotive industry is getting busier as new vehicle brands enter the regional market in anticipation for the economic boom resulting from economic integration.

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