Join us on the exciting journey on the Launch of LOGMAT – The one and only Logistics, Material Handling, Supply Chain, Warehousing and Automation Exhibition scheduled to take place from 25 – 27 Sept, 2024 at KICC, Nairobi. This event promises an unparalleled platform for networking, collaboration, and exploration of cutting-edge solutions in the logistics and material handling industry, where innovation meets industry expertise.
As one of the fastest-growing economies in Africa, Kenya presents a dynamic market for investment, particularly in the realm of material handling. The country's strategic location, robust infrastructure development, and a growing consumer base make it an ideal destination for those seeking to capitalize on the increasing demand for efficient and modern material handling solutions. The nation is open for collaboration and partnership, fostering a business-friendly environment that encourages sustainable growth.
The top reasons companies should consider doing business in Kenya include:
The logistics and material handling industry in Kenya and other African countries is poised to undergo a massive transformation with the implementation of the African Continental Free Trade Agreement (AfCFTA) it's estimated that intra-African trade could expand by an impressive 15% within two decades!
Increased trade with China, and entry of other players like India, Nairobi County government’s plans to reduce levies for foreign investors, and Kenya’s bid to facilitate global investors to acquire land for setting up special economic zones (SEZs) in Mombasa, Kisumu and Lamu, have stimulated the sector’s growth.
Participating in LOGMAT in Kenya can offer several benefits for companies looking to expand their business, establish partnerships, and explore new opportunities in the region. Here are some reasons why participating in B2B trade fairs in Kenya can be advantageous:
Beyond traditional sectors, there are opportunities for diversification within the logistics and material handling industry. This includes areas such as e-commerce logistics, cold chain management, and specialized handling of goods, creating avenues for niche market exploration.
There is an increasing emphasis on sustainability within the industry. Companies are adopting environmentally friendly practices, such as green logistics and energy-efficient material handling solutions, aligning with global trends and environmental consciousness.
Proactive government policies and initiatives, such as Vision 2030 and the Big Four Agenda, emphasize the development of infrastructure and industrialization. This commitment creates an enabling environment for investors in the logistics and material handling sectors.
The Port of Mombasa, one of Africa's busiest ports, is a key component of Kenya's logistics network. Ongoing improvements and expansions contribute to increased capacity, faster turnaround times, and smoother cargo handling processes.
The industry is embracing technology-driven solutions such as GPS tracking, warehouse management systems, and data analytics. This digital transformation enhances visibility, reduces operational costs, and improves overall supply chain management.
The expanding middle class and increasing consumer spending in Kenya contribute to a growing market for various goods. This growth necessitates a robust and efficient logistics infrastructure to meet the rising demands of consumers.
Kenya serves as a logistical gateway to East Africa, making it an ideal hub for regional trade. The country's strategic location and well-established transportation networks, including ports and highways, facilitate the smooth flow of goods across borders.