Kenya's Horticulture Exports Earnings to China Hit KES 1.7 Billion in 3 Months
Despite climate change challenges affecting the horticulture sector, Kenya was able to hit the KES 1.7 billion mark in horticulture exports earnings to China in three months between August and October [...]
National Treasury Unveils Regulations to Govern KES 50 Billion Hustler Fund
Treasury Cabinet Secretary Njuguna Ndung’u has published regulations that will govern the KES 50 billion Hustler’s Fund under the Public Finance Management Act. In the regulations, individuals will be required [...]Prices at Tea Auction Decline Slightly to $2.43 Per Kg
The weekly Mombasa Tea Auction held on 7th, 8th, and 9th November 2022 had 13.8 million kilograms of tea offered for sale. The amount on offer increased when compared to the 13.2 [...]CBK Set to Review Abuse of Credit Reference Bureau (CRB) Blacklists.
The Central Bank of Kenya (CBK) has initiated fresh steps to curb abuse of the Credit Reference Bureau (CRB) blacklists. The banking regulator said it was in talks with banks [...]
Kenya to Transition to Clean Energy by 2028- William Ruto
Kenya will fully transition to green energy by 2028, President William Ruto has said. Speaking to CNN, Ruto said continued reliance on fossil fuels was no longer tenable. “I think [...]Nairobi County Assembly Approves KES 38.3 Billion Development Budget
Nairobi County Assembly has passed the KES 38.3 billion 2022/2023 Appropriation Bill, a move that will push county operations into full gear while enabling GovernorJohnson Sakajato deliver on hispledges. Theschool [...]HFM Announces Eliud Kipchoge as its Kenya Brand Ambassador
October 2022 – Global multi-asset broker HFM has announced that Kenyan distance runner and marathon world record holder Eliud Kipchoge has signed up to become the company’s new official brand [...]Safaricom Reports a Decline in Half-Year Profits to KES 30.2 Billion on Entry into Ethiopian Market
Safaricom's net profit for the six months ended September fell by 10 per cent to KES 33.5 billion on the heavy costs incurred during its entry into the Ethiopian market, [...]Safaricom Ethiopia Generates Revenue of KES 98.3 Million in its First Month in Operation
Safaricom Ethiopia generated KES 98.3 million in the first month of operation, coming just one month after it officially launched its telecommunication services in the horn of Africa country. Safaricom [...]GoK Set to Cut Spending on Non-Priority Areas to Reduce Debt Burden
The Government of Kenya (GoK) is set to cut spending on non-priority areas in the current financial year in a bid to reduce the country’s fiscal deficit and public debt. [...]Kenya Defers KES 85 Billion Loan Repayments on Lack of Funds -IMF
Kenya failed to meet KES 84.6 billion debt repayment obligations in the year to June due to a cash crunch and instead carried over the payments to the current fiscal [...]Kenya Airways and South African Airways In Talks For A Pan-African Airline
Kenya Airways and South Africa airlines are in consultation to form a Pan-African airline to rival established players such as the Ethiopian Airlines and Emirates. President William Ruto and his [...]
