Prices Decrease at Weekly Mombasa Tea Auction
The weekly Mombasa Tea Auction held on the 1st and 2nd September 2020 recorded 9.1 million kilograms offered for sale. The amount on offer recorded an increase from 8.3 million kilograms offered [...]
Ghana Hands Over AfCFTA Headquarters to the AU
Ghana has officially commissioned and handed over the African Continental Free Trade Agreement (AfCFTA) Secretariat headquarters to the African Union (AU) in Accra, Ghana. In attendance was Ghanaian President Nana [...]Relief as Kenya Lifts Ban on Mitumba' Importation
The Kenya Bureau of Standards (KEBS) has lifted the ban on the importation of second-hand clothes and shoes, aliasmitumba, effective immediately. Nevertheless, the lifting of the ban comes laden with [...]Shoprite to Close Mombasa Outlet, Declares 115 Employees Redundant
Shoprite plans to close its outlet in Nyali Mombasa due to reduced flow of shoppers, a move that will cost 115 jobs. A notice to the Kenya Union of Commercial [...]Interview; Unpacking the US-Kenya Free Trade Agreement
Following the ongoing negotiations trade negotiations between the United States and Kenya, The Kenyan Wallstreet interviewed American Chambers of Commerce (AMCHAM) Kenya CEO Maxwell Okello on what this historic Free [...]
AfCFTA Could Boost Africa’s Income by $450 Billion World Bank
A recent report from the World Bank suggests that the African Continental Free Trade Area (AfCFTA) has the possibility of boosting Africa's regional income by 7%, translating to $450 billion, [...]Tuskys Shareholders Approve Acquisition of Majority Stake by Strategic Investor
Board of directors of Tusker Mattresses Limited (Tuskys) says its shareholders have approved its recapitalization efforts. An update from the board chairman says that shareholders of Orakam Holdings, the supermarket's [...]Tuskys Pays KSh 2.77 B To Suppliers, Eyes a Strategic Investor
Tusker Mattresses Limited (Tuskys) paid KSh 2.77 billion to its suppliers in June, following an order from the Competition Authority of Kenya (CAK). The retailer is seeking alternative funding options, [...]Kapchorua Tea Kenya Reports KSh19.4 Million Net Profit
Listed tea processor, Kapchorua Tea Kenya Plc, has reported a profit of KSh19.4 million according to its audited accounts for the financial year ended 31st March 2020. This is compared [...]
Low Sales Push 65% of Kenyan Small Businesses to Cut Staff
Kenyan businesses are the worst hit among Sub Saharan Africa as 65% of small businesses operating on Facebook reduced their employee numbers as a result of the pandemic. Ghana follows [...]Private Sector Calls for Value Addition in the Ongoing Kenya-US FTA Negotiations
Different members of Kenya's private sector yesterday called for value addition in agriculture as one of the key components of the ongoing FTA negotiations between Kenya and the US. In [...]EAC Adopts New Measures to Shield Local Industries
Countries in the East African Community have adopted new Common External Tariff (CET) import duty measures that seek to protect local industries from cheap imports. The new import taxes took [...]
