BRICS Summit: Kenya Pushes for Renegotiation of Debt Repayment Period
Kenya is pushing for renegotiation and suspension of loan repayment by a maximum period of 20 years. Delivering a statement at the 15th BRICS Summit in South Africa, Foreign and [...]
Market Snapshots: Top Things To Know In The Global Markets This Week (7-11 August)
Last week, the Fitch credit rating agency downgraded US long-term debt from AAA to AA+ which stimulated a negative week for the Nasdaq 100, SP 500, and the DJIA 30 [...]
Moody’s Comments on Kenya’s Eurobond Buyback Plan ‘Speculative’ APRM
Moody’s Credit Rating Agency comments on Kenya’s planned buyback of its Eurobond debt as a default, has been dismissed as highly premature, speculative and damaging by the African Credit Rating [...]
Kenya's Export Earnings From African Market Rise To Sh100.2B
Africa remains Kenya’s major export destination as latest figures from Kenya National Bureau of Statistics (KNBS) for the January to March period also on the contrary states that Kenya imports [...]East Africa To Register Highest Economic Growth in 2023/4
East Africa will register the highest regional economic performance on the continent in 2023 and 2024, with growth figures at over 5 percent, according to the newly published African Development [...]Market Snapshots: Top Things To Know In The Global Markets This Week (31 July-4 August)
Last week, both the US Federal Reserve Bank and the European Central Bank hiked rates by 25 basis points and indicated that they are adopting a data-dependent approach to monetary [...]FAO Reports that One in Five People Face Hunger in Africa
A Food and Agriculture Organization (FAO) study has revealed that one in five people across Africa face food shortage representing a figure twice the global average. On the global stage, [...]M-PESA Expands Reach to Bangladesh and Pakistan with TerraPay Partnership
Safaricom Plc has partnered with TerraPay (Mobex Kenya) to enable over 32 million M-PESA customers to send and receive money to Bangladesh and Pakistan, reaching a combined population of over [...]Elon Musk Internet Company Starlink Enters Kenya, Heightening Competition
Competition in the provision of internet services is expected to accelerate as Starlink (a satellite provider) associated with billionaire Elon Musk enters Kenyan market. Starlink, operated by American aerospace company [...]Kenya Among ‘Big 4’ Private Capital Destinations in Africa KIFC Report
Kenya is listed among the Big 4 that also includes Egypt, Nigeria and South Africa-as the giants of Africa’s silicon savannah, continually attracting the lion’s share of both private capital [...]Market Snapshots: Top Things To Know In The Global Markets This Week (17-21 July)
Last week, the dollar index (DXY) weakened 2.27% and closed at 99.59, a level last seen on April 2022. This was largely fueled by US inflation data which showed that [...]Kenya Reaps Big from Europe’s Fresh Produce Market
Kenya is currently the leading supplier of basil, an aromatic herb, to Europe which sources 80% of its supplies for the fresh produce market, from Kenya. This is after hot [...]
