Kenya’s Private Sector Growth Recovers in October Stanbic PMI Report
Business conditions in Kenya improved in October amid an increase in demand and output levels with employment bouncing back to the expansion territory, the latest Stanbic Purchasing Manager Index (PMI) [...]
IMF Reaches US$11 Million Agreement with The Gambia
The International Monetary Fund (IMF) has reached a staff-level agreement to provide US$11.04 million to The Gambia, subject to approval by the IMF Executive Board. “Continued policy discussions mainly focused [...]Travelers to Declare Mobile Devices Details Beginning Next year
Travellers entering Kenya will be required to declare details of their mobile phones and other devices at points of entry, the Kenya Revenue Authority has said. “The public is therefore [...]Starlink to Increase Capacity as Demand Soars in African Cities
Satellite internet provider, Starlink, has halted new residential and roaming subscriptions in Nairobi, Kiambu, Machakos, Narok, Murang’a, and Nakuru due to overcapacity in its bandwidth. Starlink’s CEO, Elon Musk, has [...]Kenya’s Stock Market Outperforms African Peers in Dollar Returns
The Nairobi Securities Exchange (NSE) registered the highest returns among African bourses in dollar terms buoyed by a stronger shilling and higher blue chip stock prices. In Kenya, the MSCI [...]Demand for Petroleum Products Dips by 2% in 2024 EPRA
Consumption of petroleum products in the FY 2024 stood at 5.46 million cubic metres; a slight 2.1% decline from 5.57 million cubic metres in 2023 and 5.74 million cubic metres [...]Kenya to Spend Ksh 648bn to Extend Standard Gauge Railway
The government is set to spend KSh 648 billion for the construction of phases 2B and 2C of the Standard Gauge Railway (SGR) in 2025 after meeting with a Chinese [...]Top 5 Luxury Beach Resorts in Kenya
Kenya’s coastline isn’t just a stretch of beautiful beaches. It’s a place where history, culture, and luxury intertwine. From Swahili architecture to Italian-inspired elegance, Kenya’s beach resorts offer an experience [...]
5 Amazing Things to Do in Kisumu for First-Time Visitors
Imagine a place where every sunset paints the sky in vibrant colors over the waters of Lake Victoria, where the pace is slower, the people are friendly, and every corner [...]Nairobi Securities Exchange Gains KSh 420bn in Investor Wealth in 2024
Investors at the Nairobi Securities Exchange (NSE) were KSh 419.5 billion richer in the 10 months to October 2024 amid renewed market confidence, especially from domestic investors, as the market [...]Gov't Revives 6% Tax for Digital Service Providers
The Treasury will reintroduce the 6% Significant Economic Presence (SEP) which will affect online ride-hailing platforms and delivery apps, according to the Tax Laws (Amendment) Bill, 2024. During a public [...]Communications Authority to Revoke over 200 Licenses
Switch Tv, Kiss Tv and Econet’s Kwese TV are among businesses to lose licenses in less than a week, the Communications Authority of Kenya (CA) has said in a gazette [...]
