Kenya Sells Record 2.2m Tonnes of Carbon Credits to Saudi Firms
Kenya has sold more than 2.2 million tonnes of Carbon Credits at the Nairobi Auction to Saudi Arabia firms, the largest such transaction in the world. This purchase took place [...]
Section of Schneider staff to transition in takeover deal
French multinational Schneider Electric Kenya says it has completed a plan to handover the operations of its manufacturing and assembly plant to one of its key partners ACTOM Kenya limited. [...]
Winners and Losers in Kenya’s KSh 3.67 Trillion 2023/4 Budget
The Treasury Cabinet Secretary Professor Njuguna Ndung’u on Thursday evening presented the Kenya Kwanza administration’s first Budget, barely nine months after the conclusion of the 2022 General Elections that saw [...]
Live Blog: Treasury CS Njuguna Ndungu unveils Sh3.6 trillion 2023/24 Budget
Treasury Cabinet Secretary Njuguna Ndungu on Thursday afternoon presented Kenya Kwanza’s first budget of Sh3.6 trillion to the nation. This also is the first time Professor Njuguna Ndungu, a former [...]Kenya's 2023/24 Budget Highlights
Kenya's new administration, led by President Dr William Ruto, is presenting the country's budget for the fiscal year 2023/24. The budget aims to address key developmental priorities while grappling with [...]More pain at the pump for Kerosene users in new fuel prices review
Households relying on Kerosene as a source of energy will continue to dig deep into their pockets to buy the commodity after monthly price review by the Energy and Petroleum [...]Emirates and Kenya Airways Announce Interline Partnership
Emirates and Kenya Airways (KQ) have announced a partnership that will enable passengers of both airlines to access a broader range of destinations within a single travel plan. Emirates customers [...]Kenya’s Banking Industry Balance Sheet Crosses KSh 6.5 Trillion Mark
Kenya’s Banking Industry Balance Sheet size stood at KSh 6.5 trillion as of December 31st2022, corresponding to 66% of Kenya’s Gross Domestic Product(GDP) in the same period. According to a [...]Neema Onsongo, Head of People Culture at Stanbic Bank Diversity, Equity, and Inclusion in the Banking Industry
The banking industry has historically been viewed as a male-dominated industry, lacking diversity and inclusion. However, there has been a growing recognition in recent years that diversity, equity, and inclusion [...]Kenya’s Firms Hit Hard by Weak Shilling, High Fuel Costs May PMI Index
Kenya’s businesses suffered a record increase in the price of raw materials due to a continued weakening of the Kenya Shilling as well as rising fuel prices in May, the [...]Outdated Act Suffocating Growth of Kenya’s Co-op Sector
A delay in reviewing the outdated Co-op Act Cap490, the principle law that governs how cooperatives operate in Kenya so that it is in sync with the new constitution and [...]Higher Prices in Key Sectors Drive Kenya's Annual Inflation to 8% in May
Kenya's annual headline inflation rate experienced a slight increase to 8.0% in May 2023, rising from a ten-month low of 7.9% in April 2023. This upward trend in inflation was [...]
