Relief as Finance Committee Rejects Taxation on Bread, Cites Tough Economic Times
The Finance Committee (National Assembly Finance and National Planning Committee) has rejected the tax imposition on bread, as well as the variation of excise duty on imported motorcycles, citing tough [...]
Gov't Unveils KSh85 Million Coffee Factory in Baringo
The Government of Kenya and Korean investor Cha Bo Yong have unveiled a KSh85 million coffee factory in Baringo. Cha Bo Yong contributed KSh70 million, and the county government of [...]Ed Partners Africa Raises $1.9 Million for Expansion
Nairobi-based affordable private schools financing company, Ed Partners Africa, has raised $1.9 million for expansion and enabling the unserved affordable private schools market access to credit. Investors who took part [...]Blended Finance to Help SMEs in Kenya to Scale Up
The Kenya Bankers Association, Kenya Climate Innovation Center, and FSD Kenya have partnered to launch a blended finance project to finance Small and Medium-sized Enterprises (SMEs) in Kenya. Blended finance [...]
Remittances from US Reach All-time High of $182.6 Million in May
Kenyans working abroad sent home $315 million (KSh 34 billion) in May, the highest amount of remittances ever sent into the country in a month and a 22.3% increase from [...]Kenya Airways to Resume Flights to London on 26th June
Kenya Airways has announced the resumption of direct flights from Jomo Kenyatta International Airport (NBO) to London Heathrow (LHR), with effect from 26th June 2021. All flights between the two [...]Tea Auction Records another Drastic Fall in Prices
Theweekly MombasaTea Auction held on 14th, 15th, 16th, and 17th June 2021 had 12.2 million kilograms of tea offered for sale. The amount on offer decreased from 13.4 million kilograms [...]KenGen joins Campaign Against Global Warming
Electricity generating firm Kenya Electricity Generating Company Plc (KenGen) has been admitted to campaign against global warming, becoming the first public firm in Kenya to do so. This Business Ambition [...]
CBK Accepts KSh 17.3 Billion at Weekly T-Bills Auction
The Central Bank of Kenya(CBK) accepted bids worth KSh 17.3 Billion at the Weekly Treasury Bills Auction. This is out of bids worth KSh 36.7 Billion received from investors, an [...]KQ Increases Frequency of US flights to 3 Every Week
Kenya Airways (KQ) has increased the frequency of its direct flights to the United States (New York) to three a week, up from once a week. This has been occasioned [...]IFC to Mobilize $12 Million for Mombasa Affordable Housing Project
The International Finance Corporation (IFC) has signed a deal with Belco Reality LLP to develop 1,379 affordable housing units in Kongowea, Mombasa County. The deal will see IFC mobilize up [...]Pesapal gets CBK nod to provide Payment Gateway Services
Pesapal Limited, a Payment Service Provider (PSP), has been granted authorization by the Central Bank of Kenya(CBK) to provide Payment Gateway Services. A payment gateway is defined as an online [...]
