Central Bank of Kenya Joins the African Payments and Settlement Network (PAPSS)
The Central Bank of Kenya (CBK) has officially joined the Pan African Payments and Settlement System (PAPSS), enabling firms in Kenya to execute all trade and financial transactions with others [...]
Apple Mulls Setting Developers Academy in Kenya, M-Pesa and Apple Pay Partnership
Captains of leading US companies have expressed confidence in Kenya, with Apple, the iPhone maker showing interest in setting up a developer’s academy in the country. President William Ruto who [...]
Kenya Tightens Money Laundering, Terrorism Financing Rules
President William Ruto has signed the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2023 into law. The new law will help address deficiencies limiting the fight against [...]Kakuzi Exports KSh 13.5 Million Worth of Boran Heifers to Uganda
Kakuzi, a listed agro-processing firm has delivered its first container of 181 Boran heifers to a Uganda-based rancher for breeding. The breeding heifers valued at more than KSh 13.5 million [...]Kenya to Commence Avocado Exports to India In September
Kenya has received a go ahead to begin exporting avocado fruits to India this September when the first shipment is expected to be dispatched to the Asian Country. With opening [...]Kenya Extends Visa Free Entry to Holders of Indonesian Passport
Kenya has extended visa free entry to all holders of Indonesian passport as part of a wider plan to correct trade imbalance currently in favour of Indonesia. The two countries [...]Nairobi County Unveils Plan to Map Liquor Outlets
Nairobi County is planning a one-month mapping of liquor outlets to fight illicit and counterfeit alcohol, revenue enhancement, to aid future county planning and ensure compliance with public health standards. [...]Kenya, Mozambique Sign Eight MoUs To Bridge Trade Gap
Kenya and Mozambique have signed eight Memorandum of Understanding to boost ties between the two nations and further correct trade imbalance. Between 2018 and 2022, imports from Mozambique increased from [...]CMA to Support Creation of Kenya's Carbon Credit Markets
The Capital Markets Authority(CMA) plans to engage sector players in a detailed assessment of Kenya’s carbon market, its ecosystem, do a stakeholder mapping, and determine demand and supply conditions as [...]Kenya-COMESA Deal To Increase Cross Border Trade
Fish traders are among those set to benefit from an agreement recently signed between COMESA and the government aimed at improving participation in cross-border trade within the Eastern Africa Region. [...]ATIDI holds its 23rd AGM in Rwanda
The African Trade Investment Development Insurance (ATIDI) held its 23rd Annual General Meeting (AGM) in Rwanda last week from 5th to 7th July 2023, changing its commercial name from [...]Kenya's Edible Oil Manufacturers Want Protection Over Imports
Local Manufacturers of edible oil are proposing a raft of measures to lower the cost of cooking oil and protect the industry from imports creating uneven competition. An estimated Sh100 [...]
