EAC Adopts New Measures to Shield Local Industries
Countries in the East African Community have adopted new Common External Tariff (CET) import duty measures that seek to protect local industries from cheap imports. The new import taxes took [...]
Equity Group Takes Over KSh2.1 Billion EA Cables Loan
Equity Group Holding has taken over KSh 2.1 billion East Africa cables loan. EA Cables 2018 financial report reveals a huge debt portfolio amounting to KSh3.55 billion owed to several [...]
Safaricom Partners With Aviat Networks for 5G Connectivity
Wireless Transport Solution provider Aviat networks has been selected by Safaricom for its WTM 4800 multi-band radio platform for 5G backhaul. The partnership will allow Safaricom to roll out 5G [...]Tatu City Cold Solutions Ink KSh7.5 Billion Investment Deal
Tatu City and Cold Solutions Kenya Limited have inked a KSh7.5 billion investment deal that will see the latter construct state-of-the-art, temperature-controlled cold storage warehouses in the country. The firm [...]Construction of Nairobi Railway City Set to Begin This Year
Commencement of the Nairobi Railway City construction is set to kick off this year, after the formation of the RCDA (Railway City Development Authority). This follows a directive by President [...]Cargo Clearance Delays Increase Importers' Storage Cost
Delays in cargo clearance at the Nairobi Inland Container Depot (ICD) have increased the cost of importing cargo. A survey by the Shippers Council of Eastern Africa (SCEA) reveals that [...]Kenya Airways Announces Domestic Flights Schedule
Kenya Airways (KQ) has announced the schedule for its domestic flights set to resume on Wednesday, 15th July 2020, following President Kenyatta's lifting of the intercounty lockdown. According to a [...]Court Bars KQ from Laying Off Staff
The High Court has brought temporary relief to the staff at Kenya Airways (KQ) after it suspended plans by the airline to lay off some of its staff and send [...]Kenya Shilling Weakens in the Week
The Kenya shilling recorded a marginal decline in the week against major international currencies. The Central Bank of Kenya (CBK) quoted the shilling at Ksh106.96 against the US dollar on [...]Kenya Needs to Resume Fiscal Consolidation Efforts World Bank
World Bank says Kenya needs to resume fiscal consolidation efforts and seek to rebuild its fiscal buffers to withstand shocks in the medium term. The World Bank in Kenya Public [...]NSE Plc Pays KSh 0.08 Final Dividend to Shareholders
Shareholders of the Nairobi Securities Exchange (NSE) Plc have approved a first and final dividend of KSh 0.08 per ordinary share for the year ended December 2019. The dividend is [...]Kenya Power Loses KSh 5.6B Revenue as Electricity Demand Tumbles
Electricity distributor Kenya Power has lost approximately KSh 5.6 billion in revenues between March and June, citing low power consumption due to the pandemic. The news only comes a month [...]
