FedEx Express Launches Presence in Kenya
FedEx Express is expanding to East Africa by setting its presence in Kenya. The global transportation company will offer customer service, sales, and account management services directly to Kenyans through [...]
EU Signs KSh599 Million Grant With Trademark East Africa
The European Union yesterday signed a KSh 599Million (€ 5 Million) grant with Trademark East Africa (TMEA) for safe trade. The deal will help key borders open while preventing the [...]Illicit Trade Costs Kenya KSh100 Billion in Revenue
A study conducted by the Anti-Counterfeit Authority (ACA) between October 2019 and February 2020 shows that illicit trade cost Kenya KSh103 billion in revenue in 2018. This was up from [...]Tuskys' Suppliers Plead for Payments
Tuskys' suppliers have asked the government to intervene in the matter of payments owed by the supermarket. The request comes less than two weeks after the supermarket warned that it [...]TPS Serena 2019 Net Profit Jumps to KSh 181.7 Million
TPS Eastern Africa(Serena) recorded a 2% increase in Net profit in 2019 to KSh 181.7 Million. The audited financial statements of TPS Eastern Africa (Serena) for the year ended 31st [...]
Safaricom to Support SMEs During the Pandemic
Safaricom is looking to support SMEs during the pandemic by enabling timely payments to suppliers. The telco plans to partner with Banks and FMCGs to help supply chain financing using [...]SMEs to Benefit From Subsidized Loans
The national treasury plans to launch a series of soft loans for businesses as part of the relief measures. The loans are part of a new credit guarantee scheme that [...]Kenya's horticulture industry losing KSh 106 Million per day
Kenya's horticulture industry is estimated to be losing at least $ 1 Million per day. This is despite gradual opening of most markets within the European Union, Kenya's main horticulture [...]China Exempts More U.S. Goods from Tariffs
China has announced the exemption of tariffs for 79 items from the US, for a period of one year, with effect from 19th May 2020. The goods in context include [...]Tea Auction Records Decline in Prices
The weekly Mombasa Tea Auction held on the 27th and 28th April, 2020 recorded 12.3 million kilograms of tea offered for sale, compared to 10 million kilograms for the same [...]South Africa's fruit exports hit by COVID 19 lockdown
South Africa fresh produce exports to neighbouring countries has been severely affected lack of foreign buyers, traders have disclosed. South Africa is the only apple producer in the Sub-Sahara region [...]Tea Prices Fall at the Weekly Tea Auction
The weekly Mombasa Tea Auction held on the 25th and 26th March 2020 recorded 12.5 million kilograms of tea offered for sale. There was a decline in the offered kilograms [...]
