Foreign Guests Lift March-June Onward Hotel Bookings
The March-June onward hotel booking in the hospitality industry has recorded an improvement compared to similar period last year, due to increasing number of foreign guests. Average bookings for Mombasa, [...]
IMF Retains Kristalina Georgieva As MD for Second Term
The International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as its Managing Director for a second five-year term that commences on October 1st, 2024. “I am deeply grateful [...]
CBK Accepts Bids Worth KSh 45.7 Bn at Weekly T-Bills Auction
Central Bank of Kenya(CBK) received bids worth KSh 46.3 billion at the weekly treasury bills auction that also saw the short-term 91-day treasury bills interest rates fall below 15% for [...]Mastercard Launches Agribusiness Challenge for SMEs in Kenya
MasterCard, through its Agribusiness Challenge Fund, is seeking proposals from Small and Medium-sized Enterprises(SMEs) in the agriculture sector in Kenya and 20 other African Countries, with projects that can create [...]CBK Publishes Draft Green Finance Catalogue
Central Bank of Kenya(CBK) has released the draft Kenya Green Finance Taxonomy (KGFT) for public consultation. The draft KGFT is intended to serve as a tool to enable market participants to classify [...]CAK Reveals Dark Side of E-Commerce as Consumer Rights Violation Rises
Many Kenyans could be suffering in silence from proliferation of online platforms promising convenient shopping experience (e-commerce), data from Competition Authority of Kenya (CAK) shows. “Due to the convenience buoyed [...]Court Settles Decades-Long Family Feud for Manchester Outfitters
The commercial division of the Milimani Law Courts has ratified majority shareholder Mohan Galot as the sole director of garments manufacturer Manchester Outfitters, settling a long-running dispute that escalated in [...]InfraCo Africa Invests US$ 12 Million in SunCulture's Series B Round
Kenyan Climate-tech startup, SunCulture, has raised US$ 12 million after InfraCo Africa allocated an equity investment that would enable the expansion of Internet-of-Things solar-powered irrigation to small-scale farmers across Africa. [...]Moderna Halts Plans for Kenya Vaccine Plant After US$1 bn Loss
American Biotech company, Moderna, has suspended its construction of a vaccine-manufacturing plant in Kenya after registering a US$ 1 billion loss prompted by less demand for COVID-19 vaccines since 2022. [...]Kenya Fights Child Labour in Coffee, Tea Value Chains ahead of Trade with EU
Kenya is tightening loose ends in its coffee and tea value chains in Kirinyaga, Meru, Kericho, and Kisii counties in readiness for European Union (EU) markets, following recent signing of [...]Over 1000 CEOs Reveal Factors to Propel Firms Growth in Next 12 Months
Kenya’s CEOs have identified ten internal factors and another eleven external areas that could strengthen their organizations' outlook in the next 12 months. “In terms of domestic factors that could [...]UK Removes Tariffs for Kenya’s Cut Flowers
The UK has removed export tariffs for cut flowers for two years, with the aim of making trade with the UK easier and cheaper for growers in East Africa and [...]
