Concerns as Food, Beverage Prices Rise Days to Christmas
The Kenyan market is jittery about the increases in price of food and non-alcoholic beverages even as majority doubt impact of inflation which has been easing for the better part [...]
Citi Sees Lending Rates Easing, Kenya Opting for Eurobond Alternatives
The Kenyan market will soon start feeling the impact of Central Bank’s Monetary Policy’s recent action to cut lending rates, Citi Bank says, predicting that most banks will soon start [...]Higher Taxes on Materials Weigh Down Construction Industry
A bag of cement this December costs about KSh 830 up from KSh 750 in December 2023 amid concerns that limestone and additives used in manufacturing could lose their zero [...]IMF Deputy Chief Tackles Tax Backlash in Kenya Visit
International Monetary Fund Deputy Managing Director Dr. Nigel Clarke traveled to Kenya on his first overseas trip since joining Fund leadership in October, meeting major stakeholders including President Ruto, Central [...]World Bank Trims Kenya’s 2024 Economic Growth Outlook to 4.7%
The World Bank has downgraded Kenya’s economic growth forecast for the year to 4.7% from an initial 5% forecast in June 2024 all lower than the 5.6% recorded in [...]Kenyan Accelerator Catalyst Fund Selected for KSh 33mn Climate Initiative
Catalyst Fund, a Kenyan pre-seed accelerator, will receive over KSh 33 million as it joins four other African VCs in the 2025 phase of the Empowering Sustainable Entrepreneurship in Africa [...]TotalEnergies Kenya Issues Profit Warning on Higher Finance Costs
TotalEnergies Marketing Kenya has issued a profit warning for the full year ending 31st December 2024 citing higher finance costs owing to the elevated interest rates. “The Board of Directors [...]Push for GMO Products on Dining Table Gathers Momentum
The push for the adoption of Genetically Modified Organism (GMO) food products is on course as the National Biosafety Authority (NBA) says it has received an application for environmental release [...]US, UK Sanction Kamlesh Pattni, 27 Others for Gold Smuggling, Money Laundering
Kenyan businessman and politician Kamlesh Pattni is among 28 individuals and businesses based in Zimbabwe sanctioned by U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the [...]Jubilee Health’s Njeri Jomo Named CEO of the Year at COYA 2024
Jubilee Health Insurance’s CEO Njeri Jomo has been crowned CEO of the Year at the prestigious 2024 Company of the Year Awards (COYA), hosted by the Kenya Institute of Management [...]Kenyan Exports to Rwanda Overtake Tanzania’s amid Dar-Kigali Trade War
The value of Kenyan exports to Rwanda grew by over 240% from US$35.56 million in September to US$121.4 million in October, according to the new statistics from Kigali. “The deficit [...]KRA July-Nov Revenue Jumps 4.3% to Ksh1 Trillion
The Kenya Revenue Authority’s (KRA) revenue for the last five months has hit Kshs 1.005 trillion, marking a 4.3 per cent growth compared to Kshs 963.746 Billion collected in the [...]
