EU Imposes Tariffs on $4 Billion of US Goods as Trade War Heightens
The European Union (EU) has announced plans to impose tariffs on $4 billion of US goods as the trade war between them continues to heighten. World Trade Organization (WTO) authorized [...]
EAC Member States Get 5 Years to Join Kenya-UK Trade Deal
East African Community (EAC) member states have up to five years to join the UK-Kenya trade agreement due to be signed ahead of the Brexit transitional deadline. The new document [...]Angola Becomes 30th State Party to Ratify the AfCFTA
The People’s Republic of Angola has deposited its ratification instruments for the African Continental Free Trade Agreement (AfCFTA), having signed it on 21st March 2018, making it the 30th state [...]Tea Auction Records an Increase in Prices
Theweekly MombasaTea Auction held on the 19th and 21st October 2020 had 9.5 million kilograms of tea offered for sale. The amount on offer increased from 9.2 million kilograms offered [...]Court Issues Orders Barring Tuskys' Creditors from Auctioning its Assets
The High Court issued asset preservation orders which bar creditors from auctioning Tuskys properties. The court also barred the freezing of its accounts by various creditors. Tuskys advocate Patrick Onyango [...]Kenya Traders Worried as Ethiopia Enters Somalia's Khat Market
Stiff competition is looming over Kenya's Miraa business after Ethiopia reportedly ventured into the lucrative Somalia market for the produce. Somali media reports that the Ethiopian national carrier has already [...]Tea Auction Records a Decline in Prices
Theweekly MombasaTea Auction held on the 12th and 13th October 2020 had 9.08 million kilograms of tea offered for sale. The amount on offer increased from 8.98 million kilograms offered [...]Citi Bank and 4G Capital Ink a Ksh 285Mn Deal to Boost MSMEs' Working Capital
Citi Bank and 4G Capital Group have partnered to tackle financial exclusion in Kenya. Citi will provide a KSh 285 million term loan that will reach over 25,000 small businesses. [...]Kenya Exports Jump by KSh 20 Billion Despite Pandemic
The value of Kenyan exports in the first eight months of 2020 jumped to KSh 423.3 billion, a KSh 20 billion increase from the same period in 2019 according to [...]
Sokowatch Named Winner of Visa Everywhere Initiative
Sokowatch has been named the winner of Visa Everywhere Initiative for identifying solutions to help small businesses recover from impacts of COVID-19. The startup won the global challenge for [...]US Lawmakers Oppose Weaker Plastic Restrictions in Trade Negotiations with Kenya
U.S. Lawmakers earlier wrote to President Trump expressing their opposition towards efforts to weaken Kenya's restrictions on single-use plastic. In a letter to President Trump, 62 lawmakers from the Senate [...]Kenya's Economy is Transitioning Towards Post-COVID, Central Bank Governor
The Central Bank of Kenya Governor Dr Patrick Njoroge today addressed the press after the Monetary policy committee met on Tuesday, 29 September. Njoroge commences by noting that since the [...]
