Exports for Q1 Rise by 5.3% Driven by Tea and Horticulture
The value of Kenya's domestic exports grew by 5.3 per cent to KSh 144.9 billion in 2020 Q1 from Ksh 137.6 billion in Q1 2019. The rise comes from growth [...]
Jan- May Horticulture Earnings Significantly Improve
Horticulture exports earnings hit KSh72 billion between January and May 2020, up from KSh65 billion for the same period last year, translating to an 11% increase. Benjamin Tito, head of [...]EAC Trade Down by 40% Due to Movement Restrictions
EAC Trade volumes have dropped by 40% due to the restrictions on the movement of people and goods. The volumes of EAC trade dropped significantly after February when the onset [...]84% of Kenyan Consumers Face Financial Uncertainty -SCANAD
Marketers in the country face a new challenge on ways to target consumers, as realities of the pandemic usher different spending habits. A report by agency network SCANAD dubbed [...]Govt Sets Protocols to Resume Imports of Second Hand Clothes
Trade CS Betty Maina has said that the Ministry of Trade is developing guidelines to resume the importation of second-hand clothes. The announcement came after petitions from traders whose stock [...]Equity Bank to Receive KSh 5.4 Billion IFC Loan to Support SMEs
World Bank's International Finance Corporation (IFC) will give Equity Bank a loan of KSh 5.4 billion to increase lending to small businesses. The institution revealed that Equity Bank will receive [...]Kenya US FTA Talks to Kick Off on July 7
Trade talks between Kenya and the US on the Free Trade Agreement (FTA) will begin on July 7th, building up to the signing of the agreement. Speaking on the forum [...]Prices Stagnate at Weekly Mombasa Tea Auction
The weekly Mombasa Tea Auction held on the 22nd and 23rd June 2020 recorded 12.9 million kilograms offered for sale. The amount of tea on offer recorded an increase from 10.2 million [...]Kenya to Lift Tariffs on US Items Under FTA
Kenya will gradually remove tariffs on U.S. products as part of its objectives in the Free Trade Agreement. This move will help protect the country's key economic sectors as Kenya [...]Relief for Mumias Sugar as KSh 11 Billion Tax Bill Waived
The Government has waived KSh 11 billion in tax arrears owed by the debt-ridden Mumias Sugar Company. The information was disclosed by the Kakamega Governor Wycliffe Oparanya, while co-chairing the [...]
Global Trade Week Virtual Exhibition Kicks Off
With the stay home orders slowly being the new norm, MIE Events DMCC is bringing the very first online B2B Exhibition Platform the Global Trade Week Virtual Expo. With [...]CMA Warns About Dominant Firms at The NSE
The Capital Markets Authority(CMA) has sent out an alarm over what it terms as the dominance of five listed firms at the Nairobi Securities Exchange(NSE). In its Q1, 2020 Soundness [...]
