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 [...]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 [...]
