Kenya to Remove All Trade Barriers with Tanzania by January 2023
Kenya has promised to ease trade transactions with its neighbor country Tanzania by January next year. The decision was made to bolster trade between the two nations and increase the [...]
TransCentury Share Price Falls on Rights Issue Impact
Investment company TransCentury Plc will face a difficult task in raising Sh2 billion through a rights issue after its stock fell significantly below the price at which it will sell [...]Kenya Set Import 1.5 million Metric Tons of Duty-Free Maize and Rice
The Kenyan Government will allow millers and traders to import 1.5 million metric tons of duty-free maize and rice to bridge the food deficit in the country. The millers and [...]
Pressure as Token Prices Rise by 16% in December Amidst High Cost of Living
The price of buying an electricity token has risen by 16.8 per cent in December, coming at a time when households are battling the high cost of food prices. Data [...]Safaricom Reduces M-Pesa Paybill Fees by More Than 50%
Safaricom has reduced M-Pesa Paybill charges for electricity, hospitals, and schools, among other things, to help customers weather tough economic times. The telco has reduced Bank to M-Pesa transactions by [...]CBK Looks into Raising KES 70 billion by Reopening Three Bonds
The Central Bank of Kenya (CBK) is attempting to raise KES 70 billion by reopening three bonds, including a six-year infrastructure paper initially auctioned on December 2 with a tax-free [...]Absa Partners with African Guarantee Fund to Train 600 Women Entrepreneurs
Absa Bank Kenya has partnered with Melanin Kapital and the African Guarantee Fund (AGF), seeking to train at least 600 women entrepreneurs with free investment readiness. The programme, dubbed Tuungane 2x [...]Skyward Express Begins Flights to Kakamega
Skyward Express has officially begun flying the Nairobi Kakamega route for a cost of KES 5,590. The flight will depart from Wilson Airport to Kakamega at 10 a.m., and [...]Glovo Appoints Caroline Mutuku as the General Manager for Kenya
Glovo, a delivery company, has appointed Caroline Mutuku as general manager for Glovo Kenya, as the company seeks to capitalize on new business strategies in a competitive market. She succeeds [...]KCB Completes Acquisition of DRC Lender Trust Merchant Bank
KCB Group Plc has completed the acquisition of Trust Merchant Bank SA (TMB) after receiving all the regulatory approvals in Kenya, DRC and Common Market for Eastern and Southern Africa’s [...]Fitch Downgrades Kenya's Rating to B on Low Forex Reserves
Fitch Ratings has downgraded Kenya’s credit rating from ‘B+’ to ‘B’, attributing the action to the country’s growing debt and depleting foreign exchange reserves. The company said Kenya faces extra [...]Relief for Kenyans as EPRA Maintains Fuel Prices ahead of Christmas Festivities
Fuel prices will remain unchanged for the month of December, offering Kenyans a slight relief as they head into the Christmas season filled with long-distance travel. In its latest fuel [...]
