Kenya's Oil Export Plan Revived as Firms Look to Sell Stake in Turkana Oil Project
Canadian oil company Africa Oil expects the proposed sale of its stake and that of its partners in the Tullow oil project to close in just over a fortnight. The deal would afford Africa Oil and its partner, British [...]
Norway Rejects Part of Kenya's Avocado Exports Over Contamination Claims
The Norwegian authorities have raised an alarm over Kenyan avocados after two packages of the product were claimed to contain high doses of pesticide chlorpyrifos that exceed the permitted limit [...]Kenya Loses 25% of Flower Market Share in the EU
Kenya has lost 25 per cent of its horticulture market in the European Union following Russia’s invasion of Ukraine early in the year. This rise in the cost of living [...]Kakuzi Plc Gets Nod to Ship 2nd Batch of Fresh Avocados to China
Local agribusiness firm, Kakuzi Plc has secured pre-shipment approvals from the Kenya Plant Health Inspectorate Service (KEPHIS) for its second fresh avocado shipment to China. Kakuzi PLC Managing Director Mr [...]
High Court Quashes NSSF's Bid to Increase Monthly Contributions from KES 200 to KES 2,068
The High Court has quashed the bid to increase monthly contributions to the National Social Security Fund (NSFF) ten-fold up to KES 2,068 after it ruled that the law supporting [...]Treasury Avails KES 3.55 Billion for Fertilizer Subsidy
National Treasury has availed KES 3.55 billion to start implementation of the fertilizer subsidy programme that will start with counties undertaking planting during the short rains season of 2022. The [...]MP John Kiarie Pushes for Separation of MPESA from Safaricom
Dagoretti South Member of Parliament, John Kiarie is pushing for the separation of MPESA from Safaricom. During a parliamentrary induction session with Central Bank Governor Dr Patrick Njoroge, John Kiarie [...]MPs Seek to Reinstate Abolished Sitting Allowances
Barely two weeks after members of the 13th National Assembly (MPs) were sworn in, they have begun talks with the Salaries and Remuneration Commission (SRC), seeking to reinstate their abolished [...]CBK Governor Assures the Country has Adequate Foreign Exchange
CBK Governor Patrick Njoroge has assured members of the National Assembly that the country has adequate foreign exchange. Patrick Njoroge, who spoke on Monday during the induction workshop of the [...]KCB Injects Ksh 120 Billion in Oil Marketing Companies as Govt Phases out Fuel Subsidies
KCB Bank Kenya has injected over Sh120 billion to support Oil Marketing Companies (OMCs) importing fuel as it seeks to consolidate its support to the energy sector. The facility is [...]NSE Admits Private Wealth Capital as Kenya's First Non-Bank Authorized Security Dealer
The Nairobi Securities Exchange (NSE) has admitted Private Wealth Capital Limited (PWCL) as an Authorized Securities Dealer (ASD) for fixed income securities listed on the Nairobi bourse. The admission makes [...]Port of Mombasa Faces Increased Competition Even as Port Services Return
The Port of Mombasa is facing increased competition from other ports in the East Africa region even as stakeholders prepare for the return of port services to Mombasa in compliance [...]
