New ITC–Equity Partnership Targets Trade Finance Gap in East Africa’s Value Chains
NAIROBI, Kenya, June 2 – The International Trade Centre (ITC) has partnered with Equity Group Holdings to unlock trade finance and scale exports across Kenya breaking news | Kenya news today |..
✨ Key Highlights
The International Trade Centre (ITC) and Equity Group Holdings have partnered to address the trade finance gap and boost exports in East Africa's key value chains.
- The agreement aims to unlock finance and skills for small businesses in sectors like coffee, leather, and creative industries.
- Key players include ITC Executive Director Pamela Coke-Hamilton and Equity Group CEO James Mwangi.
- A pilot phase in Kenya will run until December 2026, with regional expansion planned from 2027.
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State Considering Budget Allocation to Clear Part of Sh12bn Flower Export Tax Claims - June 2026
The Kenyan government is considering budgetary allocations to address a significant backlog of Sh12 billion in VAT refund claims owed to flower exporters, alongside reforms to the tax system. Kenya is simultaneously implementing aviation reforms, including expanding Jomo Kenyatta International Airport (JKIA) and revitalizing Kenya Airways (KQ), to boost its share of the global flower market. The International Trade Centre (ITC) and Equity Group Holdings have also partnered to address the trade finance gap and boost exports in East Africa's key value chains.
