Kenya Power Plans to Electrify 2,000 of its Vehicles
Kenya Power and Lighting Company (KPLC) has announced plans to replace all 2,000 vehicles fueled by fossil fuels with electric vehicles within the next four years. The electric distributor intends [...]
Mobile Money Payments Hit a Record of KES 8 Trillion in 2022
Mobile money payments hit a record KES 7.9 trillion in 2022, fueled by increased demand for cashless transactions and the establishment of 19,711 new money agents. Data from the Central [...]
Kenyans to Contribute KES 2000 Monthly as Court Upholds New NSSF Law
Kenyans are set to feel the pinch of increased NSSF deductions after the Court of Appeal allowed the government to implement a new law that raised the contribution tenfold. Appeal [...]Kenya Adjusts 2022/23 Budget Expenditure and Deficit Projections in Supplementary Budget
The Kenyan finance ministry has revised its estimated spending and the budget deficit for the current fiscal year ending in June, revealing a slight increase in total expenditure and a [...]Kenya's Public Debt Crosses the KES 9 Trillion Mark
In December, Kenya's public debt surpassed KES 9 trillion ($72 billion) for the first time, bringing the country closer to reaching the KES 10 trillion ($80 billion) limit set by [...]Centum Opens 66.5 Million Shares Buyback Following Shareholders’ Approval
Centum Investment started a 66.5 million share repurchase program on Monday to stabilise the Company's market value and stock price after getting the green light from shareholders. The Company has [...]Relief for Kenyans as Food Prices Expected to Fall in February – CBK
Relief for Kenyans as the cost of living is projected to decline further this month on the back of falling food prices- Central Bank of Kenya (CBK) survey. The CBK [...]Rising Taxes, Weakening Kenyan Shilling Primary Concerns for CEOs-CBK
According to the latest CEO Survey by CBK, a majority of the industry leaders have identified newly introduced taxes coupled with the weakening Kenya Shilling as a threat to the [...]Business Confidence in Kenya Rises Despite Rising Taxes-PMI
Business confidence in Kenya rose to an 11-month high due to increased demand and improved business confidence, coupled with increased stockpiling efforts by companies. In the latest Purchasing Managers Index [...]Kenya Eyes Fertiliser Imports from Tanzania as Shortage Looms
The government is set to start importing fertiliser from Tanzania in July in a bid to enhance agricultural output and decrease the cost of food production, according to Agriculture and [...]Private Sector Activity Jumps in January-PMI
Kenya's private sector activity increased for the third month in January due to enhanced operations in the agriculture, manufacturing, services, wholesale, and retail sectors. The Markit Stanbic Bank Kenya Purchasing [...]Kenyan Govt Drops charges of financial impropriety against Flutterwave
The Kenyan government has withdrawn charges of financial impropriety against Flutterwave Inc. according to Bloomberg. This comes seven months after a court in Kenya froze the company's bank accounts over [...]
