KPA Reverses Mandatory Use of SGR as it Allows Cargo Transporters to Choose Point of Clearance
In a bid to implement President William Ruto's directive ofrestoring the operations of clearing goodsback to the port of Mombasa, the Kenya port Authority (KPA) has issued a notice to [...]
Improved Agricultural Exports Increase Earnings by 17% to Kes 667 Billion
Kenya's export value increased by 17 per cent in 2021 to hit Sh666.7 billion compared to Sh567.4 billion in 2020, new Kenya Trade Network Agency (KenTrade) data shows. The Business [...]Prices Slightly Rise at Tea Auction to Hit $2.25 Per Kg
The weekly Mombasa Tea Auction held on 19th, 20th and 21st September 2022 had 12.2 million kilograms of tea offered for sale. The amount on offer was the same as that during [...]
Rapid Rate Hikes to Hurt Emerging Markets Amidst Global Inflation- CBK Governor
CBK Governor Patrick Njoroge has warned that rapid policies put in place by advanced economies could hurt emerging markets’ growth amid global inflation. Patrick Njoroge, who spoke on Bloomberg Television [...]Supreme Court Declares Disbursement of CDF Funds Illegal
The supreme court on Wednesday declared the Constituency Development Fund (CDF) illegal. Following the announcement, Treasury Cabinet Secretary Ukur Yatani announced that funds will not be disbursed. The CDF, in [...]CBK Dismisses President Ruto's Orders on Increasing Cash Transaction Limit
The Central Bank of Kenya (CBK) has dismissed president Ruto's orders to increase the daily transaction limit, saying the regulator won't be drawn into taking actions aimed at satisfying political [...]Weak Transparency to Blame For Treasury's Unbudgeted KES 55 Billion Expenditure COFEK
The Consumer Federation of Kenya (COFEK) has accused the National Treasury of weak mechanisms of transparency following the expenditure of unbudgeted Sh55billion towards the end of President Uhuru Kenyatta’s term [...]Kenya Partners with Jamaica to Promote Global Tourism Agenda
Kenya, through the Kenyatta International Convention Centre (KICC), has announced plans to collaborate with Jamaica to strengthen conference tourism in both countries as well as position their agenda globally. This [...]KCB Shareholders Greenlight 85% Acquisition of DRC Lender Trust Merchant Bank
KCB Group Plc shareholders have approved the proposed acquisition of DRC-based lender Trust Merchant Bank SA (TMB), with the transaction expected to close before the end of the year, subject [...]CDSC Appoints Family Bank as Central Depository Agent
Family Bank Limited has been appointed as a Central Depository Agent (CDA) and as a settlement bank by the Central Depository and Settlement Corporation (CDSC). As a CDA, the lender [...]Kenya's New Car Sales Fall 38.6% in the Year to August
Kenya's car sales in the year to August fell 38.6%, recording the lowest eight-month sales in the last 15 years. Latest numbers from Kenya Motor Industry Association (KMIA) show that [...]Kenya's Exports to Tanzania Rise by 46% in H1 2022
Kenya’s exports to Tanzania grew the sharpest among all East Africa Community (EAC) markets in the six months to June 2022. Kenya’s exports to Tanzania jumped the highest by 46% [...]
