KCB and IFC Partner to Finance Climate Change Efforts
KCB Bank Kenya has secured a Sh18billion loan from the International Finance Corporation (IFC) that will boost the lender’s support for businesses that address climate change. Through the partnership, IFC [...]
Private Sector Declines in August Amidst Elections-PMI
The prolonged election season in August further disrupted output and new orders in the private sector, with business confidence dropping to a record low, the latest PMI survey data shows. [...]Tala Receives Approval to Act as Data Controllers in Kenya
Financial technology firm Tala has received a green light from the Office of Data Protection Commissioner(ODPC) to act as a data controller in Kenya. The firm will now be able [...]Tanzania Freezes Issuance of New Maize Import Permits for Kenyan Traders
Tanzania has frozen the issuance of new maize export permits for Kenyan traders since last week, a move likely to worsen the shortage of the product in Kenya, and drive [...]
Prices Rise at Weekly Tea Auction to Hit $2.26 Per Kg
The weekly Mombasa Tea Auction held on 30th and 31st August 2022 had 10.7 million kilograms of tea offered for sale. The amount on offer decreased from the 12.3 million kilograms offered [...]KQ Inks Deal with Zenz Technologies Partner to Enhance Revenue Management
National carrier Kenya Airways (KQ) has announced a partnership with Zenz Technologies for an integrated airline revenue management decision support system with capabilities for commercial planning, revenue budgeting, and forecasting. [...]Uber Expands Operations In Kenya
Mobility service provider Uber has expanded its services to Kisumu, Nakuru, Eldoret, and Naivasha with the aim of creating more job opportunities in its largest market in East Africa. “We [...]Daily Markets Update: 6th September 2022
Nairobi Securities Exchange The Nairobi Securities Exchange reacted positively to the Court ruling upholding William Ruto’s victory as it gains KES 42bn on Monday 5th September's trading session. The best [...]
German Car Sales Rise in August Despite Gloomy Outlook
German car sales rose in August, official figures published Monday showed, despite persistent supply bottlenecks which have led to hefty declines in recent months. Just under 200,000 vehicles were registered [...]Kenya's Forex Reserves Fall to a 5-year Low on the Weakening Shilling
Data by the Central Bank of Kenya in the weekly bulletin shows forex reserves dropped a massive Sh28 billion in the week ended September 2 to $7.37 (Sh884 billion) billion [...]Pain for Consumers as KRA Plans to Raise Taxes on Petrol
Consumers may be headed for tougher times in the coming weeks as the Kenya Revenue Authority (KRA) lines up a tax raise on petrol as part of an annual adjustment [...]Longhorn Reports a Half-Year Net Profit of Ksh 39.9 Million on Improved Sales
Longhorn Publishers half-year net profit surged to Sh39.9million from Sh7.4 million in the same period in 2021 which was attributed to improved sales following the resumption of learning activities in [...]
