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 [...]
Onion Prices to Remain High in April Despite Harvest CBK
Prices of onions are expected to remain elevated in the month of April despite an increase in supply harvesting which peaked in March. However, the impact of the harvest on [...]How VunaPay is Revolutionising Small-Scale Agriculture
When VunaPay, an agritech startup that provides produce management solutions, was founded last year, its co-founder and CEO Judy Njogu Mokaya did not anticipate that the platform would [...]Consumer Spending Improves after Kenya's Tough 2023-Survey
Kenya is among countries in Sub-Saharan African whose consumer spending is looking positive after a rough 2023 characterized by high cost of living. “With an average GDP growth rate of [...]Banks Switch Gears to Brick and Mortar Branches
Banks in Kenya have changed tact in the race for depositors, shifting their focus from digital platforms and other channels, mostly preferred by the high-end corporate customer, to opening physical [...]
Treasury Bills Rates Drop as Govt Plans Cuts on Domestic Financing
Treasury Bills offered at the latest weekly Government Securities Auction recorded a marginal decline in interest rates offered to bidders by the Central Bank of Kenya (CBK), the first time [...]Devki Group Unveils KSh 45Bn Clinker Plant in West Pokot
Devki Group of Companies has launched a KSh 45 billion Clinker Plant in West Pokot to tap into the growing demand of cement in the country and across Africa. “The [...]US Firms Raise Integrity Issues with Kenya’s IFMIS System
United States companies are having integrity issues with the Kenyan Government’s electronic procurement system, the Integrated Financial Management Information System (IFMIS). Besides singling out security gaps that render the system [...]Kenya Mortgage Refinance to Provide Guarantees for Home Loans
Kenya Mortgage Refinance Company (KMRC) has introduced a Mortgage Guarantee Trust, a facility that will mitigate risks for banks and SACCOs providing home loans to high-risk individuals, particularly low to [...]Kenya's Stock Market Investor Wealth Surges by KSh 351 Billion in 7 Weeks
The Nairobi Stock Exchange (NSE) has seen a surge in trading activity as the Kenyan shilling appreciates, leading to an increase in investor wealth by KSh 351 billion in just [...]Stanbic's Purchasing Managers Index (PMI) Shows Decline in March Despite Stronger Shilling
The Stanbic Purchasing Managers Index (PMI) for March declined to 49.7 from 51.3 in February, signalling a slight deterioration in operating conditions across the private sector, as orders and output [...]
