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 [...]KES 50 Billion Hustler Fund to be Implemented in December President Ruto
President William Ruto has said the KES 50 billion Hustler Fund he promised during campaigns will be up and running by December this year. Speaking at the inauguration of the [...]Loan Prices Hit Close to a 3-Year High on Tight CBK Lending Rates
Borrowers have begun feeling the pinch of tightening lending rates by the Central Bank of Kenya (CBK), with the cost of loans by commercial banks already hitting a 33-month high [...]
Moko Home Raises $6.5M in Series B Funding Round
MoKo Home + Living, a Kenya-based home furniture manufacturer and omnichannel retailer, has raised $6.5 million during a Series B debt-equity funding round, co-led by U.S.-based investment fund Talanton and [...]KCB Group Disburses Loans Worth KES 336 Billion for Eco-Friendly Projects
KCB Group has disbursed KES 336 billion worth of loans in the last two years for projects that are eco-friendly as the lender deepens its push for sustainable finance. The [...]Kenya Shilling Hits New Low of 120.93 against the Dollar
The Kenya Shilling has continued to tumble against the US dollar, racing towards the 121 mark on Thursday, which could result in much higher cost of living. The shilling exchanged [...]President Ruto Returns 3 Parastatals from Treasury to their Parent Ministries
President Ruto has returned three parastatals that had been taken to the National Treasury to their parent ministries in a reorganised government. President Ruto reverted Kenya Railways Corporation (KRC) and [...]Pezesha EzyAgric Partner to Offer Buy Now Pay Later Services in Uganda
Agritech company, EzyAgric has partnered with Pezesha (a digital financial marketplace platform for SMEs) to offer a new product that brings Buy Now Pay Later services to agro-inputs merchants in Uganda. The [...]
