IMF Recommends Shielding of M-pesa in CBK's Digital Shilling Plan
The International Monetary Fund (IMF) has recommended special safeguards for M-Pesa and banks from unfair competition by the planned digital shilling by the Central Bank of Kenya (CBK). The proposed [...]
Kenya Airways to Get KSh103 Billion Bailout from Taxpayers
Cash-strapped Kenya Airways will once again get financial assistance from taxpayers, with its KSh103 billion debt set to be paid by the State. According to a country report by the [...]
IMF Sets Loan Condition for Kenya to Drop Fuel Subsidy by October
Fuel prices are likely to skyrocket after the International Monetary Fund (IMF) set a fresh loan condition requiring Kenya to drop the fuel subsidy programme by October. The multilateral lender [...]Coffee Auction Records 5% Increase in Prices
The coffee auction at the Nairobi Coffee Exchange (NCE) recorded a 5% increase in prices, the second time in a row since the auction reopened last week after a one-month [...]KCB Inks Asset Financing Deal with Deluxe Trucks and Buses
KCB Bank has inked a deal with Deluxe Trucks Buses East Africa Ltd, which will see its customers access flexible financing options to purchase the vehicles. In the partnership, [...]Govt Lowers Cost of Maize Flour to Ksh 100 ahead of August Polls
The government has subsidised the price of maize flour by Sh100 for a two-kilogramme packet in a deal with millers aimed at cushioning Kenyans against the high cost of living, [...]Italy's Eni Launches First Production of Vegetable Oil for Bio-Refining in Kenya
Italian multinational oil and gas company Eni, has started production of the first vegetable oil for bio-refineries in Kenya. Through its subsidiary Eni Kenya, the company set up an oilseed collection [...]CrossBoundary Secures $40 Million in Equity Funding for Scaling
Kenya-based CrossBoundary Energy Access (CBEA), a mini-grid infrastructure fund has announced completion of a $40 million equity investment from Norfund, the Norwegian Investment Fund for developing countries, and KLP, Norway's [...]Kenya Airways Signs a Codeshare Agreement with SA Airlines to Widen Connections
Kenya Airways (KQ), Kenya’s national carrier, and South African Airways (SAA) have signed a codeshare agreement that opens more destinations for seamless travel opportunities. As demand for air travel rebounds, [...]KRA Moves to Court to Halt Order to Reopen Keroche Breweries
More than 400 workers at the Naivasha-based Keroche Breweries breathed a sigh of relief after a court ordered the company's reopening pending the hearing and determination of a case filed [...]Diaspora Remittances Decline 3.2% to Ksh 38.5 Billion in June
Diaspora remittances hit Sh38.5billion in June, a 3.2 per cent drop compared to the Sh39.8billion sent in April. According to the Central Bank of Kenya (CBK), the US remains the [...]Kenya Airways Halts Ticket Sales from London to Nairobi
Kenya Airways has suspended the sale of tickets from London to Nairobi, following a directive by Heathrow Airport instructing airlines to freeze outbound bookings until September, as it grapples with [...]
