Value of Exports Under AGOA Act Drops to KSh 50.8Bn as Pact with US Nears End
The value of exports of apparels to the US market under the African Growth and Opportunity Act (AGOA) declined by almost Ksh6 billion last year, impacting on direct jobs supported [...]
Microsoft Announces $1 Billion Investment in Kenya’s Digital Ecosystem
US Tech giant Microsoft Corporation, in collaboration with G42, an Emirati artificial intelligence (AI) development company, have announced a $1 billion investment in Kenya's digital ecosystem. Key Highlights 1. State-of-the-Art [...]
Volume of Petroleum Products Imported Declines to 4.3Mn Tonnes in 2023
The 2024 Economic Survey by Kenya National Bureau of Statistics (KNBS) shows that the total volume of petroleum products imported into the country declined by 27.6 per cent to 4.3 [...]Kenya’s Export Earnings to Africa Surges to KSh 435 Billion
Uganda stood out as a key market for Kenya’s export earnings in 2023, a year during which Kenya sold most of its products to Africa than the rest of the [...]Kenyan ICT Practitioners to Obtain Gov't Licences Proposed Ministerial Bill
The ICT Authority Bill 2024 proposed by ICT Cabinet Secretary, Eliud Owalo, intends to regulate the sector by demanding practitioners obtain operational licences for the services they provide. Where the [...]Lipton Teas and Infusions Withdraws Offer to Acquire Remaining Shares of Limuru Tea
The Capital Markets Authority (CMA) has approved a request by Lipton Teas and Infusions Kenya Plc to withdraw its initial offer to acquire the remaining shares of Limuru Tea. Subsequently, [...]Finance Bill 2024: Experts Warn of Taxpayers Exposure as Bill Seeks to Give KRA Unlimited Data Access
Tax experts are raising questions over a proposal in the Finance Bill 2024 seeking to give the Kenya Revenue Authority (KRA) unlimited access to taxpayers’ data, with some nervous that [...]Unpredictable Weather Could Disrupt Economic Growth After 5.6% Expansion in 2023 Survey
Kenya’s economy is expected to remain resilient in 2024 after a 5.6 per cent expansion last year from a revised growth of 4.9 per cent in 2022. “The outlook for [...]Dr. Juliet Ongwae Appointed to Fintech Association of Kenya Board
The Fintech Association of Kenya (FINTAK) has appointed Dr. Juliet Ongwae as a Board Director, effective May 20, 2024. Dr. Juliet holds a PhD from the University of Manchester and has been [...]Kenya's ICT Value Output Rose by 5.8% Last Year KNBS Survey
The latest KNBS economic survey has tracked improvements in the country's ICT sector last year, with many Telecommunication and Internet services gaining an ascendance in subscribers and revenue. In 2023, [...]Commercial Passenger Traffic in Kenya Hits 12.2 Million in 2023
The number of passengers handled at airports in Kenya increased by 19.2 per cent from 10.2 million passengers in 2022 to 12.2 million passengers in 2023. The number of passengers [...]Cement Production Grows on Credit Access, Consumption Rate Slows in Q3
A steady improvement in credit to the building and construction sector contributed to a growth of cement manufacturing sub-sector in the third quarter of last year, according to the latest [...]
