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 [...]
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, [...]
