Fitch Downgrades Stanbic Bank Kenya's Outlook
Fitch Ratings has revised Stanbic Bank Kenya's Outlook to negative from stable and affirmed the bank's long term issuer default rating(IDR) at BB- This downgrade follows a similar action against [...]
Japan Gives $7.5 Million to Fight East Africa's Locusts Invasion
The government of Japan has contributed a $7.5 million package to the United Nations World Food Programme (WFP), towards fighting the locusts outbreak in East Africa. The whole package will [...]
Tea Prices Slightly Rise at Weekly Auction
The weekly Mombasa Tea Auction held on the 31st March and 1st April 2020 recorded 12.5 million kilograms of tea offered for sale, compared to 10.8 million kilograms for the [...]Senate Parliament Postpone Sittings Indefinitely
The Senate and the National Assembly have indefinitely postponed their sittings, after the restriction of movement into and out of Nairobi took effect on 6th April. The sittings, initially scheduled [...]Kwara announces digital banking software for SACCOs
Digital banking platform Kwara in April announced the launch of its Kwara Pronto digital banking platform which will be offered free for 3 months, in an effort to help SACCOs [...]Tatu City Progress Since Inception
Ever since Tatu City was gazzetted as a Special Economic Zone in June 2017, it has recorded positive growth developmentwise in the aspect of: Over 20km of tarmac roads Over [...]Horticulture Sector Loses KSh8 Billion to COVID-19
The horticulture sector in Kenya reports it has incurred a net loss of KSh8 billion ($75.4 million) in the past month, as a result of the adverse effects of COVID-19. [...]Kenyan Firms Face Tough Times
Kenyan firms experienced one of the worst conditions in March this year, as many suffered from pandemic-related fall in sales, shortage of raw materials and decline in the number of [...]Kenya Bans Non-Essential Movement In Out of City
Kenyan President Uhuru Kenyatta has restricted movement in and out of the Nairobi Metropolitan area as well as Counties of Kilifi, Kwale, and Mombasa. While Nairobi has implemented the ban, [...]Safaricom a Safer Bet in Market Turmoil
As businesses slow down and people's income declines due to the ongoing pandemic, most companies expect a drop in sales and therefore reduced revenues in 2020. Kenya's leading telecommunication company [...]
Let Them Eat Cake! On Lockdowns and Dilemmas in Emerging Markets
Marie Antoinette, married to Louis XVI, when informed that many of her subjects were too poor to afford bread, allegedly responded with disdain: Let them eat cake (or more correctlybrioche). [...]
Safaricom and Vodacom Create Joint Venture To Facilitate M-PESA expansion
LISTEN TO ARTICLE SafaricomandVodacom have announced that they have completed the acquisition of the M-PESA brand, product development and support services from Vodafone througha newly-created joint venture. The two firms [...]
