Pain at the Pump as Fuel Prices Hit Record High in Latest EPRA Review
Kenyans will have to dig deeper into their pockets due to the high fuel prices starting Thursday as the new government commences the gradual removal of the fuel subsidy. In [...]
Current Account Deficit Narrows to 5.1%-CBK
Kenya’s current account deficit narrowed to 5.1 per cent in the 12 months to July from 5.3 per cent in May, attributed to lower oil import costs coupled with improved [...]SGR Moves Highest Cargo Volumes in July -KRC
According to a report by the Kenya Railways Corporation (KRC), the SGR operator moved 543,944 tonnes of cargo in July, marking the highest registered volumes of cargo moved via SGR. [...]KenGen Finally Embarks on Drilling Geothermal Wells in Djibouti
The Kenya Electricity Generating Company (KenGen) has finally embarked on geothermal drilling in Djibouti, after close to one year of studies and exploration. Under the KES 0.7 Billion project, the [...]
President William Ruto Announces Plans to Scrap Fuel Subsidy
President William Ruto indicated on Tuesday he will imminently drop the fuel subsidy, setting up Kenyans for higher transportation and production costs. In his inauguration speech, the new president said [...]President William Ruto Reverts Port Operations to Mombasa
President William Ruto has assured coastal residents that he will revert port operations to Mombasa in line with his campaign promise. Port operations were moved to Naivasha by immediate former [...]Kenya Seeks Temporary Partnership with the US Ahead of Fully Fledged Trade Deal
Kenya is seeking a placeholder trade partnership before establishing a fully-fledged trade deal with the United States. Outgoing Trade and Industrialization Cabinet Secretary Betty Maina said she expects engagements on [...]Safaricom Inks Deal with NCPWD to Connect Persons with Disabilities with Jobs
Safaricom has partnered with the National Council of Persons with Disabilities(NCPWD) to connect persons with disabilities with job opportunities through an online portal. The portal, powered by IT service provider [...]Equity Bank Inks Deal to Purchase Teacher's Owned Spire Bank
Equity Bank Kenya has signed apurchase agreement for the buyout of certain assets and liabilities of Spire Bank Limited, offering a lifeline to the struggling lender. Equity Bank (Kenya) Limited, [...]Paid Insurance Claims Jump 5.8% to KES 1.8 M in Q2- IRA
According to the Insurance Regulatory Authority (IRA), paid insurance claims jumped by 5.8 per cent to 1.8 million in the second quarter of 2022 compared to 1.7 million claims paid [...]Kenya-DRC Trade set to Rise after Officials Toured the Port
Trade between Kenya and DRC is expected to rise following a Congolese delegation's tour of the Northern Transport Corridor last week. The delegation comprised representatives from the Office of Multimodal [...]NSE Extends Fees Waiver on Equity Day Trades
The Nairobi Securities Exchange (NSE) has extended the waiver of its fees on equity day trades to December 31. The extension aims to boost market activity and create an opportunity [...]
