Kenya's Trade Deficit Widens to KES 1.37 Trillion
The trade deficit – the gap between imports and exports – skyrocketed to KES 1.37 trillion for the first 10 months of the year, a 23.09% increase from KES 1.11 [...]
KQ Set to Resume Flights to Djibouti
Kenya Airways (KQ) is planning to resume commercial passenger flights to Djibouti, ending a two-year hiatus that saw the carrier drop operations on the destination when it resumed international flights [...]CMA Issues Licences to Four Financial Intermediaries
The Capital Markets Authority (CMA) has announced the issuance of licenses to four companies under the Capital Markets (Licensing Requirements) (General) Regulations 2002 and one under the Capital Markets (Online [...]
Locally Assembled Vehicles Market Share Jumps to 78.1%
The share of locally assembled vehicles has jumped to a new peak of 78.1% of all new automotive sales, from the previous peak of 70.6% in the year ended December [...]IMF Approves KES 55 Billion Loan to Kenya for Budgetary Support
The International Monetary Fund (IMF) Executive Board has approved a KES 55.1 billion ($447.39 million) loan to Kenya, paving the way for immediate release of the funds to the exchequer [...]KCB Joins the Race to Finance KES 3.5 Trillion in DRC Deals
KCB has joined Equity Bank in the scramble to finance KES 3.5 trillion trade deals in the Democratic Republic of the Congo as the banking supremacy battle goes regional. Last [...]KenTrade Unveils Applications Performance Monitoring Tool To Improve Trade Facilitation
The Kenya Trade Network Agency (KenTrade) has unveiled an Applications Performance Monitoring tool to aid in the monitoring and tracking of the National Electronic Single Window System, also known as [...]Safaricom Set to Offer Fertilizer Subsidy Next Year
Safaricom is expected to be one of the beneficiaries of the fertiliser subsidy plan after the Ministry of Agriculture said it would use the giant telco in the rollout for [...]KPLC Appoints Joy Brenda Masinde as Chairman
The Kenya Power and Lighting Company PLC (KPLC) board of directors have appointed Joy Brenda Masinde as the Chairman. Brenda holds a Bachelor of Laws degree from the University of [...]Kenyan Non-Profit, BOMA, Awarded $10.1 Million Grant By IKEA Foundation
IKEA Foundation has awarded BOMA, the Kenya and U.S.-based non-profit, a grant of $10.1 million to support the organization’s innovative approach to alleviating poverty in regions severely impacted by climate [...]Kenya Power Eyes Shipment of 340,000 Electricity Metres to Steer Connection
Kenya Power is eyeing a shipment of over 300,000 electricity meters early next year to resume stalled power connections around the country. The electricity distributor says an acute shortage of [...]Kenyan Shilling Hits Record Low of KES 123.15 Against U.S Dollar
The Kenyan shilling fell to its lowest level in history on Monday, owing to the United States' continued aggressive monetary policy. The shilling, which has been depreciating since January, began [...]
