Lockdowns, Low Airfreight to Hit Kenya's Valentine Flower Sales
Kenyan flower farmers are staring at reduced business this year. This is as reduced airfreight capacity and lockdowns in crucial European markets threaten to hurt Kenyan flower sales during Valentine's [...]
January Inflation Increases to 5.69% Following a Slight Uptick in Food, Transport Prices
Kenya recorded a slight increase in January inflation rate following an increase in food and transport cost. Inflation for the past month increased from 5.62% in December 2020 to 5.69% [...]
Somalia Lifts Ban on Importation of Miraa from Kenya
Somalia's federal government has lifted the one-year-long ban on miraa imports from Kenya. It has, however, imposed certain conditions for the commodity to be admitted in the country. This means [...]Trading Under the AfCFTA Takes Effect
Trading under the African Continental Free Trade Agreement (AfCFTA) begins today, unlocking opportunities for liberalized trade for the continent's private and public sectors. The trading, scheduled to start in July 2019 delayed [...]Africa to record first recession in 25 years, says report
Africa is set to record its first recession in a quarter of a century as the COVID-19 pandemic threatens trade and growth gains. A depressed global economy, forecast to contract [...]UK to Suspend Tariffs on US Goods WEF 1st January 2021
The United Kingdom (UK) has announced plans to drop tariffs against the US over aerospace firms' subsidies, even as they seek to reach a post-Brexit trade deal with Washington. The [...]Court Halts Kenya 25% Tax on Imported Glass Bottles
TheEast African Court of Justice(EACJ) has suspended Kenya’s decision to impose a 25% tax on imported glass bottles, following an application in which Tanzania’s Kioo Limited claimed the Kenya government’s [...]Kenya's Sugar Sector Gets Additional 2-year COMESA Sugar Imports Safeguard
Kenya's stagnant sugar industry has received another reprieve. This is after the Common Market for Eastern and Southern Africa(COMESA) regional trading block granted it a two-year extension of the sugar [...]ECA Launches E-commerce Platform to Support AfCFTA Transactions
The Economic Commission for Africa (ECA) has launched ATEX, a business-to-business e-commerce platform that seeks to facilitate trading between buyers and suppliers after African Continental Free Trade Area (AfCFTA) comes [...]Kenya Launches a Harmonized System for Inspecting, Verifying, Clearing Imports
Kenyan manufacturers have launched a one-stop reference for all government agencies involved in inspection, verification and clearance of imported cargo. It is a document clearly outlining the importation process, the [...]
Kenya's Earnings From Avocado Exports Rise by 40%
The country's earnings from avocado exports rose by 40% to Ksh 14 Billion from Ksh 10 Billion during the 12 month period ended October 2020 according to the latest data [...]
Jumia Cuts Operating Losses by 49% to $33 Million as Pandemic Disruptions Slow
Jumia Technologies AG, a Nigerian-based online shopping platform with a presence in several countries in Africa, including Kenya, has posted a 49% reduction in operating losses to $ 33 Million. [...]
