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.
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.
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.
China, Kenya pledge closer cooperation
Chinese Vice President Xi Jinping and Kenyan Prime Minister Raila Amollo Odinga on Thursday agreed to further promote bilateral cooperation between the two countries.
The two leaders met on the sidelines of the Fifth Ministerial Conference of the Forumon China-Africa Cooperation (FOCAC),
