Kenya's Miraa Exports to Somalia Hits KES 4 Billion in 3 Months
Kenya’s miraa exports to Somalia have earned the country KES 4 billion in three months since the resumption of sales of the stimulant to the Horn of Africa nation in [...]
ROAM Unveils First Mass Transit Electric Bus In Nairobi
Electric vehicle manufacturer ROAM has unveiled its first mass transit electric bus targeting urban areas. The bus, which comes with a 77-passenger sitting capacity, can cover up to 360 kilometres [...]Kenya's Forex Reserves Set to hit 11-year low- IMF
The International Monetary Fund (IMF) has projected Kenya’s forex reserves to fall below the four-month import cover for the first time since August 2011. In what signals tough times ahead, the IMF [...]Ship Docks at the Port of Mombasa with 51,000 tons of Wheat from Ukraine
Kenya has received the first shipment of wheat from Ukraine since Russia launched a military invasion against the country in February. The vessel ‘Super Henry’ docked at the Port of [...]
Kenyan Shilling hits New Record low against the Dollar, Evoking Inflation fears
The shilling hit an all-time low against the dollar yesterday, signalling a rise in inflation and a higher cost of imported goods. Central Bank of Kenya (CBK) data shows the [...]Measuring M-PESA's Impact : Social Value up 14%
Safaricom’s M-Pesa social value has increased by 14 per cent to Sh275 billion, helping millions of Kenyans access crucial services such as M-Pesa and e-commerce, among others. In the telecom's [...]KenGen to Open Olkaria VII Geothermal Plant
Electricity generating company KenGen is set to establish a seventh geothermal plant at Olkaria dubbed- Olkaria VII. In a tender bid document on Tuesday, the NSE-listed firm indicated it was [...]Maize Prices Drop Ahead of Harvesting Season
Maize prices have dropped drastically below KES 5,000 for a 90Kg (kilogramme) bag for the first time in months as farmers in Kenya’s food basket, Uasin Gishu, start harvesting the [...]40 Million SIM cards Registered; CA Extends Deadline by 60 Days
The Communications Authority of Kenya (CA) has instructed mobile network operators to deny service to millions of phone subscribers who have not registered their SIM cards following the lapse last [...]Diaspora Remittances Rise to KES 38.5 Billion in September
Diaspora remittances rose by KES 1.02 billion ($8.5 million) to KES 38.5 billion($318 million) in September, from KES 37.5 billion (309.8 million) during a similar month last year, representing a [...]KRA's Uphill Task to Collect KES 3 Trillion by December
KRA is set to be under pressure to improve its collections as the new government administration prioritises domestic revenue mobilisation to plug the budget deficit. The agency is expected to [...]Tea Prices Rise Slightly as Volumes Surge
Tea farmers selling their produce to KTDA-managed factories recorded improved earnings in the July to mid-October period as volumes sold increased. Average prices for the commodity from KTDA-managed factories increased [...]
