Insurtech Startup, Pula, Appoints Michael Joseph as Board Chair
Pula Advisors has announced the appointment of Michael Joseph as Chairman of its Board, effective September 19. Mr Joseph currently serves on the board of the Nairobi-based insurance tech startup. [...]
Coffee Exports Earnings Hit KES 25.2 Billion
Kenya’s coffee exports earnings in the 11 months to August 2022 increased by KES 9.8 billion ($81 million), attributed to higher volumes and better prices in the international market on [...]
Kenyans Brace for Higher Cost of Juice, Beers as KRA Set to Adjust Excise Tax
Kenyans are staring at more costly beer, juice, wine, water, and chocolates starting next month as the Kenya Revenue Authority (KRA) moves to implement the annual inflation adjustment of excise [...]Kenya's Diaspora Remittances Fall for the Fifth Month in a Row
Kenyans living abroad sent home Sh37.4 billion, a 2.1 per cent decline compared to the Sh38.2billion sent in July the fifth consecutive decline in remittances sent amid global inflation. A [...]Kenya Seeks New Trade Deals with the UAE to Export Coconut and Potatoes
Kenya is pursuing a new trade deal with the United Arabs Emirates to export coconuts and potatoes after a successful pact that saw the first batch of Avocados exported to [...]Tea Prices Decline Slightly at the Weekly Auction as Demand Shrinks
Tea prices at the weekly Mombasa auction dipped slightly this week amid decreased demand for the commodity. At this week’s auction, a kilo averaged USD2.24(Sh269.92), down from USD2.28(Sh274.74) last week. [...]CMA Grants Kweli Capital's Housing Umbrella Fund Operational Licences
Capital Markets Authority (CMA) has granted Kweli Capital operational licences for its Amaka Umbrella Fund, which is targeting savers looking to buy homes. The umbrella fund is coming onto the market [...]Households Set to Dig Deeper in Their Pockets as EPRA Raises Electricity Cost by 15%
The energy regulator has made a U-turn and increased electricity costs by 15.7 per cent, reversing the January cuts by the former President Uhuru Kenyatta administration, in what has handed [...]Treasury Projects Kenya's Economy will Grow by 5.8% in the 2022/23 Fiscal Year.
Kenya’s economy will grow 5.8 per cent in the fiscal year 2022/23 and average 6.2 per cent over the medium term, the National Treasury said. The growth in Kenya's economy [...]Britam Appoints Ms Celestine Munda to its Board of Directors
Britam has appointed Ms Celestine Munda to serve on the Britam Holdings Plc Board of Directors, subject to the Insurance Regulatory Authority's approval. Ms Celestine Munda is a former Senior [...]UK Rejects New EAC Tariffs on its Products
The UK has demanded that its exports to Kenya be exempted from the newly raised East African Community (EAC) tax charges that took effect on July 1, posing a big [...]Digital Credit Providers' Risk being Deregistered on Failure to Comply with Upcoming Licensing Deadline
Digital Credit Providers have until Saturday, September 17th, 2022, to apply for new licenses from the Central Bank; otherwise, they will be forced to close their lending businesses. This is [...]
