IMF to Consider Kenya's Request in Early 2021
The International Monetary Fund (IMF) has agreed to fund the next phase of Kenya's COVID-19 response. The IMF team made this disclosure after concluding its virtual Mission to Kenya, which [...]
Dubai Suspends Issuance of Visitor Visas to Kenyans
The United Arab Emirates has temporarily suspended the issuance of visitor visas to nationals of 11 countries including Kenya. The Arab nation has taken the drastic measure to limit the [...]
Kenya to Defer $690 Million under G20 Debt Relief Initiative
Kenya is seeking to defer$690 million in debt paymentsunder the G20 debt relief initiative, taking a U-turn on its earlier stand against the initiative, earlier this year. In April this [...]
Moody's Maintains Kenya's Loan Outlook for 2021 at Negative
Credit Rating Agency, Moody's, has maintained Kenya's loan outlook for 2021 at negative status, citing coronavirus's negative effects, which has weighed down economic activities, government finances, and complicated policy choices. [...]Sub Saharan Africa has a Government Revenue Collection Problem Citi
Citi analysts in their Africa Economics and Strategy Weekly say that Sub Saharan Africa (SSA) faces an uphill task in fiscal consolidation post 2020. While COVID19 pandemic and the economic [...]
Kenyatta Hints at Possible Localized Lockdown in Counties
President Uhuru Kenyatta has hinted at the possibility of localized lockdowns going forward in counties that experience an upsurge in infection cases to stem the spread of the disease.Kenyatta was [...]Unclaimed Assets Surpass KSh17 Billion as UFAA Deadline Lapses
Assets in the custody of the Unclaimed Financial Assets Authority (UFAA) surpassed KSh17 billion on October 29, a day to the October 30 deadline. Corporations and State agencies remitted Ksh [...]Electric Vehicles to Make up 5% of Registered Vehicles in Kenya by 2025
The government of Kenya aims to increase the uptake of electric vehicles in the country in the next five years with a goal to have 5% of all registered vehicles [...]Kenya Power Risks KSh 1.8 Billion in Penalties
Kenya Power, a state-owned electricity distributor, risks a bill upwards of KSh 1.8 Billion from the Unclaimed Financial Assets Authority (UFAA) for not surrendering unclaimed assets worth KSh 922 Million [...]Interview with Coca-Cola Communications Director on Role of Private Sector in Plastic Waste Management
In 2018, Coca-Cola launched the World Without Waste Initiative that sought to address the packaging waste problem. Coca-Cola established three fundamental goals; to make its packaging 100% recyclable by 2025, [...]CBK Opens New Cash Clearing Centre in Kisii
The Central Bank of Kenya (CBK) has today opened an ultra-modern cash-clearing unit in Kisii, to cater for financial needs of the wider Nyanza and Kisii region. This development takes [...]Zambia Highly Likely to Default on $3Billion Eurobond
Zambia is highly likely to default on its $3 billion Eurobonds after government adjourned meetings with creditors to November 13. The meeting scheduled for Tuesday 20 October was to propose [...]
