IMF Approves $235.6 Million for Kenya's Budget Support
The Executive Board of the International Monetary Fund (IMF) has completed the Third reviews under the 38-month arrangements under theExtended Credit Facility(ECF) and theExtended Fund Facility(EFF) arrangements. The Board’s decision [...]
Prices Fall Marginally at Weekly Tea Auction
The weekly Mombasa Tea Auction held on 12th, 13th, and 14th July 2022 had 12.4 million kilograms of tea offered for sale. The amount on offer increased from 12.2 million kilograms during [...]Kenya and Somalia Agree to Resume Miraa and Fish Trade
Kenya and Somalia announced signing of agreements to resume trade of miraa (khat) from Kenya to Somalia as well as fish from Somalia to Kenya. This was announced after a [...]Kenya's Population to Double to 112 Million by 2100
Kenya's population is expected to reach 84.7 million by 2050 and grow to 112.4 million people by 2100 according to data from the UN Department of Economic and Social Affairs. [...]Juan Seco Replaces Betty Mwangi as New Jumia Kenya CEO
Juan Seco has been appointed as the new Jumia Kenya CEO taking over from Betty Mwangi. Betty Mwangi, who took over the reins of the commerce company in November 2021 [...]Safaricom unveils 2nd phase of M-Pesa Merchant Interoperability
Kenya’s largest telco Safaricom Plc has announced that mobile network operators Kenyans can now make direct mobile money payments to an M-PESA Pay Bill Number from Telkom and Airtel networks. [...]Family Bank Inks Deal with Aqua for All to Increase Lending to Water Enterprises
Family Bank has signed a Sh350 million two-year partnership with Aqua for All to facilitate increased lending to medium and small-scale water enterprises supplying low-income communities with safe drinking water. [...]
KQ's Passenger Capacity to Europe Slashed by 22%
Kenya Airways (KQ) passenger capacity to Europe has been slashed by 22%, with the airline forced to fly with empty seats after Amsterdam-based Schiphol International Airport reduced the national carrier’s [...]ICEA Lion Asset Management Shares Insights on how to invest through challenging times
Investment Management Firm ICEA LION Asset Management on Tuesday 12th July presented its 3rd Quarter 2022 Investor Pulse which shares some practical tips on investing in tough times. According to George [...]Nairobi Named One of World's Greatest Places of 2022
Time Magazine just released its prestigiousWorld's Greatest Places of 2022list, and Nairobi has made the cut. To compile the list of the World's Greatest Places, Timesolicited nominations of places from [...]EABX Group Plc is Hiring; Chief Operations Officer, Chief of Staff and Chief Legal and Regulatory Affairs Officer
The East African Bond Exchange (EABX Group Plc), a newly incorporated public limited company whose purpose is to establish and operate an over-the-counter securities exchange (OTC Exchange), is looking to [...]Government Set to Establish Automotive Council
President Uhuru Kenyatta says the Government will set up a national automotive council to facilitate the implementation of the National Automotive Policy that is geared towards boosting the local assembling [...]
