CBK Raises Benchmark Rate to 13%
The Central Bank of Kenya (CBK) has raised the benchmark rate by 50 basis points to 13% as the monetary authority grapples with high inflation and foreign exchange pressures. The [...]
Multichoice Rejects Canal Plus' Acquisition Offer
Multichoice board of directors has halted a buyout deal from Canal plus stating that the value of the South African company surpasses the initial offer. Canal Plus has built its [...]
Uganda Approves New Aviation Law
Uganda's parliament has passed the Civil Aviation Authority (Amendment) Bill, 2024 that will bring the country's aviation authority in conformity with the Convention on International Civil Aviation. “The chief investigator [...]
UBA Kenya Appoints Mary Mulili as New MD/CEO
UBA Kenya has appointed Mary Mulili as its new Chief Executive Officer effective 19 January, 2024, subject to regulatory approval. Mulili,while acknowledging her appointment said, “Building on UBA Group's extensive [...]EABL Stock Price Plunges as Tax Conditions and FX Market Dampen Profitability
In a landscape where regulatory changes can swiftly alter the course of businesses, East African Breweries Limited (EABL) finds itself grappling with the ramifications of an amendment to Sec 36 [...]
Donor Exit to Constrain Kenya’s Health Budget- IPF
Kenya’s health system is facing an imminent risk as indications from both donors and government suggest that the decline in donor assistance for Health is likely to continue over the [...]Uber Kenya Releases Data on Consumer Trends in 2023
Uber has released data on some consumer trends for its cab-hailing, and food delivery service in Kenya. In a statement, the ride hailing company said that demand for business trips [...]Court Of Appeal Declines To Lift Orders Suspending Housing Levy
The government ambitious project to deliver affordable housing to Kenyans suffered yet another blow after the Court of Appeal dismissed an application seeking to lift decision by the High Court [...]Analysis: Kenya’s Economic and Business Outlook for 2024
Editor’s Note: This is an abridged version of a full analysis of Kenya’s economic and business prospects for 2024. Read the full analysis here (PDF). In 2023, the Kenyan government [...]2024 Outlook: Experts Predict Pressure to Ease on Kenya Shilling
The free fall of Kenya Shilling against the dollar and major currencies is expected to continue for the better part of 2024, however according to experts the depreciation will be [...]IMF Approves US$684.7 million to Kenya
The International Monetary Fund (IMF) has approved immediate disbursement of US$684.7 million to the Kenyan government. “Kenya’s performance under the ECF/EFF arrangements have been mixed with adherence to quantitative targets [...]Flydubai Launches Direct Mombasa-Dubai Flights
Dubai-based carrier, Flydubai, has launched direct flights from Dubai to Moi International Airport (MIA), Mombasa, marking a milestone as the first airline from the UAE to operate direct flights to [...]
