Tea Farmers Borrow KES 6.8 Billion in 2H2022 on Lower Interest Rates
During the period between June and December last year, tea farmers associated with the Kenya Tea Development Agency (KTDA) experienced a 35% increase in borrowing, with the amount borrowed rising [...]
KRA Collects KES 152.14 Billion in January
The Kenya Revenue Authority (KRA) reported a tax revenue collection of KES 152.14 billion in January, marking it as the third highest-earning month in the 2022/23 fiscal year. According to [...]
Kenya Considers Issuing Eurobond with Different Terms to Manage $2 Billion Bond Maturity
The Kenyan Government is considering issuing a Eurobond with varying terms to manage next year's maturity of its $2 billion, 10-year bond, according to the director of its debt management [...]
Emirates Embraces Linguistic Diversity Onboard In Line With UNESCO International Mother Language Day
Dubai, UAE, 16 February 2023: Celebrating International Mother Language Day on the 21 February, the UNESCO day that honours the importance of cultural and linguistic diversity for sustainable societies [...]Treasury Reveals Plans to Review Products Exempted from Tax Amid Cash Crunch
The National Treasury is set to review the list of products currently enjoying tax waivers as a new report shows that taxpayers paid KES 316 billion on behalf of players [...]BAT Reports a Net Profit of KES 6.9 Billion in 2022
British American Tobacco Kenya plc (BAT Kenya) reported a net profit of KES 6.9 billion for the year ended 31 December 2022, a 6.3 per cent growth compared to the [...]IMF Appoints Leonard Chumo as Financial Supervision Adviser for Bank of Ghana
International Monetary Fund (IMF) has appointed Leonard Chumo as financial supervision adviser backed by Switzerland to offer technical assistance to the Bank of Ghana as the country endeavours to secure [...]ABAK Rejects Planned Increase in Excise Stamps on Alcohol
The Alcoholic Beverages Association of Kenya (ABAK) has objected to the government's proposal of raising the cost of excise stamps, stating that it will adversely affect their business and may [...]Juliani Selected For Eisenhower 2023 Global Fellowship
Kenyan hip-hop artist Juliani has been chosen to participate in the Spring Global Program of the Eisenhower Fellowship, which will be held in the United States from early April to [...]George Odhiambo Appointed as National Bank's New Managing Director
George Odhiambo has been appointed as the managing director of the National Bank of Kenya (NBK). The position was previously held in an acting capacity by Peter Kioko-the finance and [...]Phase 1 Construction of Nairobi Railway City Commences
The construction of the first phase of KES 27.8 billion Nairobi Railway City has begun. This follows the UK's pledge of £80 million (KES 11.9 billion) to construct an eco-friendly [...]Forex Reserves Hit a 10-Year Low of KES 869 Billion
Kenya's forex reserves have fallen to a 10-year low of KES 869 Billion, further breaching the critical level of four months’ import cover, according to official data from the Central [...]
