Tag: Kenya Economy

Kenya has secured Kshs. 85.5 billion from the World Bank in what the lender says will help support the country’s ...

Kenya’s annual inflation rate has dropped to 5.39% in the month of January on account of lower prices of electricity, ...

Kenya will spend Kes. 1.36 trillion equivalent to 63% of projected revenue in the current fiscal year to service the ...

Analysis indicates that despite shifting borrowing from short-term debt instruments to medium and long-term instruments, Kenya's domestic debt stock has ...

Kenya has received a $750 million loan from the World Bank to support its budget and help the East African ...

The cost of living increased slightly in May to highs seen in March on account of the increase in fuel ...

The Kenya National Highway Authority (KeNHA) and China Communications Construction Company Monday signed a Kes 17.9 billion  (about 166 million ...

For container traffic, the Port of Mombasa recorded a positive increment of 31,261 TEUs or 30.4% to register 133,904 TEUs ...

Kenya’s capital Nairobi has emerged as the most innovative city in Africa according to Horizons Report 2021/22, an annual global ...

Standard and Poor’s (S&P)  has downgraded Kenya’s sovereign rating to ‘B’ from ‘B+’ despite a deal with the International Monetary ...

Kenya Airways has received Kes 10 billion from the National Treasury in a secret bailout. This comes as a contradiction ...

Kenya’s economy is projected to recover and grow by 6.4% in 2021. In a draft of the 2021 budget policy Statement by ...

Kenya's total debt jumped to 65.6% of gross domestic product in June 2020 from 62.4% a year earlier, the World ...

Overall, the global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout ...

The facility will also have a Liquefied Petroleum Gas (LPG) line which is anticipated to stabilize the nation’s supply of ...

During the 10 month period, Uganda was the leading source market with 60,399 arrivals, USA 53,444, Tanzania 43,649, the UK ...

Kenyans abroad sent home a record Kes. 28.4 billion ($263.1 million) in October this year, a 17.3% increase compared to ...

Budget deficit in the three months that ended in September grew to Kes. 131.7 billion compared to Kes. 123.5 billion ...

The drop in fuel costs is expected to ease rising consumer costs which surged last month owing largely to previous ...

It reported a Sh8.56 billion half-year loss for the period ended June 30,2019, double the Sh4.03 billion posted in a similar period previous year.

The current provisional trade data up to August 2020 shows Kenya’s exports were valued at 34.9 billion shillings while imports ...

An estimated 3 million Kenyans who live abroad sent home Kes 280 billion in last year.

The firm is also scheduled to meet Electronics suppliers, Clothing, labour union representatives and labour outsourcing firms the following week.

The tea industry has been thrown into confusion due to a series push and pull between the ministry of agriculture ...

The fourth edition of Absa Africa Financial Markets Index 2020 show Kenya has dropped four places. The  index that  measures ...

According to the report, Safaricom contributes 6 percent to Kenya’s GDP, though a slight decline from 6.3 percent registered in ...

According to this agreement, KCB will mobilize commercial financing into the SME and climate finance sector in Kenya and also ...

Kakuzi which  supplies avocados to several UK supermarkets, including Sainsbury's and Tesco will face major losses as the supply accounts ...

According to CA, international incoming fixed voice traffic also fell by 11.8 percent to register 4.3 million minutes from 4.9 ...

Davis & Shirtliff plans to use the new facility to increase the company’s network to 70% coverage across Kenya and ...

New orders grew for the third month running, helped by a further increase in foreign orders, particularly from Europe and ...

This improved performance is expected to impact the entire value chain positively, with renewed economic activities

Huawei Kenya Chief Executive Officer Will Meng expects the partnership to further boost conviniency in delivery of financial services following ...

The National Treasury expects the Kenyan economy to grow by just 2.5 percent due to COVID-19 induced economic slowdowns.

Tuskys has lost significant clout to rivals Naivas and newcomer Quickmart which has been on an expansion spree countrywide.

Kenya was ranked 115 out of 152 countries in the industrial index

Telkom Kenya last month launched loon, 4G enabling balloons in partnership with American tech giant, Alphabet, which it hopes will ...

CBK is using some of its reserves to help ease some of that pressure, which we think is partially seasonal

In addition, some of the small businesses will be offered a market of their products by the government.

The 54 tea factory companies, which own the 69 factories that are managed by KTDA, will proceed to close their ...

The ratings on Kenya are nevertheless supported by its diversified economic base, including its large and diversified agricultural and services ...

KDIC says the new limit will cover 99 per cent of depositors with funds in banks and deposit-taking microfinance institutions. 

Kengen has already obtained pre-requisite laboratory approvals from the KenyaBureau of Standards to manufacture the detergent.

Equity Group will also work with its customers to expand their opportunities in the health sector by financing them to ...

The International Monetary Fund (IMF) has issued a report of the recent visit to Kenya. Led by Benedict Clements, the ...