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 [...]Kenya's Tourism Earnings Hit KES 167 Billion Between Jan August 2022
Kenya's tourism earnings between January and August 2022 rose to KES 167 billion, up from KES 83 billion fetched in the previous financial year. The tourism earnings are a reflection [...]
Prices at Coffee Auction Fall to 3-Month Low
The price of Kenya’s coffee at the Nairobi coffee auction dropped to a three-month low in this week’s sale, reflecting lower demand due to rising inflation in key markets. Data [...]KQ to Resume Daily Flights to New York in December 2022
Kenya Airways (KQ) has announced plans to resume its daily flights for the New York route with effect from December, citing a spike in forward bookings for the festive month. [...]Absa Bank CEO Jeremy Awori to Step Down in October
Absa Bank Kenya CEO Jeremy Awori is set to resign in October after a ten-year stint that saw the lender rebrand from Barclays bank to Absa. According to the lender’s [...]Govt Relies on Imports to Lower Electricity Cost
Kenya plans to rely on imports to lower the cost of electricity for household and industrial consumers, a government official said Wednesday. Daniel Kiptoo, director general of the Energy and [...]Bolt Introduces Additional Safety Features to Enhance User Experience
Riding platform Bolt has introduced additional features on its driver’s app to enhance the safety and well-being of drivers, Boda riders, and passengers during a trip. The new safety features [...]KPC Announces Plans to Build New Pipeline Between Nairobi Mombasa
The Kenya Pipeline Company (KPC) has announced plans to build another petroleum products pipeline between Mombasa and Nairobi, barely four years after the commissioning of the line that currently moves [...]Kenya's Fish Imports from China Hit KES 2 Billion
China increased its fish market share in Kenya after the latter's fish imports increased from 13,514 tonnes in 2020 to 14,847 tonnes. This represented a 10% year-on-year increase in quantity, [...]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. [...]
