The Jamii Pulse
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Ethiopia is gearing to the launch of a capital markets and Kenya will be very keen to support the growth of the market. Over the last few years The Nairobi Securities Exchange PLC has been instrumental in preparing Ethiopian companies for this big step, opening doors to new opportunities. This May 9th & 10th 2024, The Nairobi Securities Exchange PLC & The i-Capital Africa Institute shall be organizing the 7th East African Finance Summit at Adwa Museum in Addis Ababa. Calling all Kenyan & East African companies to participate in this high value Conference.

To register reach out to us via: training@nse.co.ke

HFM one of the biggest investment companies in Africa, will be hosting its first entrepreneurship summit in Nairobi-Kenya. As Jamii Trade we got you connected to more opportunities.

I will be attending ☺️, please use the below link to register thank you.https://www.hfm.com/ke/en/trading-education/events?id=2152&location=Kenya&MCID=14283&fbclid=PAAaZe3Q6v-nj3PXjRUU45EinqXJ15HR5pqIC_-j84hVu602v8HDUjsBbo-bg_aem_AYN4yHOkvTxDLPE9JSZigkT_lAzGNkr3otiaZiluMdHvuGgptgeyyPEm5Z9vBkTZqWr1Xb2Kd10_hdlvWNiUSWYI

Morocco Tangier Port, is one of the biggest ports across Africa, and recently its top 20 globally. Morocco’s Tanger Med breaks into top 20 ports

The port in the Mediterranean continues to capitalise on its position as the gateway to Africa, and is surging ahead of major global competitors such as Hamburg.

As the gateway to Africa, Tanger Med (TPMA) – the largest port in the Mediterranean by container volume – handles more than 40% of transhipment traffic to the continent. And now it has placed 19th in the latest annual ranking of the world’s 500 largest ports, published last month by maritime consultancy Alphaliner.

The ranking is based on the number of containers passing through the world’s main trading ports, and the number of containers is expressed in millions of 20-foot equivalent units (TEUs).

More Jamii Trade updates as Africa grows globally in Trade on import and export.

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The new Lamu Port project in Kenya, is set to improve several economies in Africa. Ethiopia and South Sudan has lauded Kenya following the successful delivery of the Ship to Shore Gantry Cranes at the Port of Lamu.

Recently the arrival of ship equipment is crucial for the operalisation of the Port of Lamu’s first three berths with the two neighbouring countries positioned to immensely benefit.

Among the regional leaders that have congratulated Kenya on the achievement include South Sudan’s Transport Minister Madut Biar Yel and his Petroleum counterpart Puot Kang.

Others, according to a communique by the Kenya Ports Authority is Ethiopia’s Transport Minister Dhenge Boru, Ethiopia Maritime Authority Director General Mr. Ato Mekonen and Mr. Kawaja Kau Madol, South Sudan’s Press Secretary office of Vice President Taban Deng Gai.

Others who have applauded Kenya are Dr Stephen Karinge, the United Nations Economic Commission for Africa (UNECA), and Robert Tama Lisinge, the Director of the Regional Integration and Trade Division.

The Port of Lamu is expected to soon commence full operations following investment from the government in a move that is expected to improve on the country’s maritime business.

The Port is a crucial towards facilitating the land-locked countries of South Sudan and Ethiopia with a link to the Indian Ocean. The two countries have an estimated 130 million population.

South Sudan use the Port of Mombasa for its access to the sea but their have been negotiations towards switching to Lamu with further talk of an oil pipeline linking Juba to the Kenyan port, amid security challenges in Sudan. The Kenyan government recently opened talks on extending the trade link from Lamu to South Sudan and Chad.

Ethiopia meanwhile, are keen to switch to Lamu following challenges accessing Djibouti’s port via reported security concerns at the Red Sea.

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Somali peace progress has created several business opportunities and friendly entrepreneurship environment.

As Somalia gradually regains political stability and her commercial tempo gathers momentum, trade & investment opportunities are re-emerging. The EastAfrican, has organised the first ever INVEST SOMALIA CONFERENCE & EXPO 2024 organized in partnership with Somalia Ministry of Planning, Investment and Economic Development.

The event will bring together government agencies, investors, businesses facilitators, scholars, entrepreneurs, and Somalia friends in diaspora, to network and pursue opportunities for investment and rebuilding the country's economy.

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Don't miss this opportunity to hear first hand from AfCFTA experts about the state of play of the AfCFTA implementation, updates on the tools developed to support private sector participation such as the Guided Trade participation, the E.- Tariff book, AfCFTA transaction documents, Non tariff barrier portal, PAPSS among others as well as briefings on the recently adopted protocol such as the protocol on Women and youth in Trade.

African Continental Free Trade Area (AfCFTA) Secretariat

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Can you guess the bourse?

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