For container traffic, the Port of Mombasa recorded a positive increment of 31,261 TEUs or 30.4% to register 133,904 TEUs in March 2021 against 102,643 witnessed in March 2020.
Kenya’s capital Nairobi has emerged as the most innovative city in Africa according to Horizons Report 2021/22, an annual global report released by London Based real estate consultancy group, Knight…
Standard and Poor’s (S&P) has downgraded Kenya’s sovereign rating to ‘B’ from ‘B+’ despite a deal with the International Monetary Fund and backed by World Bank support.
“Our ratings on Kenya…
Kenya Airways has received Kes 10 billion from the National Treasury in a secret bailout. This comes as a contradiction from the National Treasury's earlier claims that it will not…
Kenya’s economy is projected to recover and grow by 6.4% in 2021. In a draft of the 2021 budget policy Statement by the treasury, they noted that the economy had been adversely…
Kenya’s total debt jumped to 65.6% of gross domestic product in June 2020 from 62.4% a year earlier, the World Bank said in November.
Overall, the global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year.
The facility will also have a Liquefied Petroleum Gas (LPG) line which is anticipated to stabilize the nation’s supply of gas.
During the 10 month period, Uganda was the leading source market with 60,399 arrivals, USA 53,444, Tanzania 43,649, the UK 42,341, and India 25,251.
Kenyans abroad sent home a record Kes. 28.4 billion ($263.1 million) in October this year, a 17.3% increase compared to the same period last year when inflows for the month…
Budget deficit in the three months that ended in September grew to Kes. 131.7 billion compared to Kes. 123.5 billion during the same period in 2019, a 6.7% year-on-year increase.
The drop in fuel costs is expected to ease rising consumer costs which surged last month owing largely to previous fuel cost increases.
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 are valued at kes 18.9 billion with a trade balance…
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 and the tea agency over plans to streamline the industry…
The fourth edition of Absa Africa Financial Markets Index 2020 show Kenya has dropped four places.
The index that measures the capacity of countries to attract both local and foreign investments,…
According to the report, Safaricom contributes 6 percent to Kenya’s GDP, though a slight decline from 6.3 percent registered in 2019.
According to this agreement, KCB will mobilize commercial financing into the SME and climate finance sector in Kenya and also impart knowledge, drive innovation, and build capacity. On other hand,…
Kakuzi which supplies avocados to several UK supermarkets, including Sainsbury’s and Tesco will face major losses as the supply accounts for almost 40% of the avocados exported by the frim.
According to CA, international incoming fixed voice traffic also fell by 11.8 percent to register 4.3 million minutes from 4.9 million registered in the last quarter.
Davis & Shirtliff plans to use the new facility to increase the company’s network to 70% coverage across Kenya and open its distribution network further in other African markets.
New orders grew for the third month running, helped by a further increase in foreign orders, particularly from Europe and the Middle East.
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 disruptions caused by COVID-19 pandemic.
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 expand its internet subscription by 4.8 million users.
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 financial books for the year and also declare the final…
The ratings on Kenya are nevertheless supported by its diversified economic base, including its large and diversified agricultural and services sectors, relative to peers, which should help cushion its economy.
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 manufacture health equipment such as face masks and Personal Protective…
The International Monetary Fund (IMF) has issued a report of the recent visit to Kenya. Led by Benedict Clements, the IMF team visited Kenya from November 18th - 22nd, 2019,…