20 July 22

Kenyan Government Abandons Lamu Port Deal with DP World

In June this year news surfaced that the Kenyan government was in advanced talk with DP World, a Dubai-based company, to obtain the right to modernize and develop port infrastructure, management, and expansion of both logistics and transport. At the
Read More

cat
18 July 22

Kwale Titanium Mines Sales On The Rise.

Yesterday an Australian multinational mining company reported high sales numbers for the month of June. This high-profit margin record came despite less production output so far this year. The numbers in detail So far this year the mining company recorded
Read More

cat
15 July 22

Taxi Company Bolt Set to Open Africa Hub in Nairobi

Bolt an e-taxi company founded originally in Estonia has now announced it will be opening its regional hub in Nairobi Kenya. The new hub will be located on the riverside drive. This will be the first centralized African office and
Read More

cat
11 July 22

Kenyan Inflation Hits 58-Month Record as Cost-of-Living Surges

The Kenyan rate of inflation has surpassed the previous limit set by the central bank of Kenya. The current rate is the highest in nearly five years. The Figures At The Moment The inflation rate in Kenya reached a climax
Read More

cat
01 July 22

Tanzania Hit Traders With Nearly Double Export Fees.

There was confusion the whole of the last week at the Kenya-Tanzania border as hundreds of trucks were left stranded. This came after a sudden hike in the cost of export permits. Truck drivers who usually pay sh27000 were surprised
Read More

cat
26 June 22

Safaricom Loses Fight Over DSTV Pirating Dispute.

Finally, after a gruesome court battle, it seems like multichoice ltd, the company that owns pay television service DSTV will have the last laugh over the internet service provider Safaricom. Multichoice had taken to court in 2019 accusing the network
Read More

cat
07 June 22

GDP Growth Projections Rank Kenya Behind Its East African Partners

According to the latest forecast by the African Development Bank (AfDB), Kenya’s GDP growth in 2022 will trail that of other East African countries, except Burundi and Tanzania. This is partly due to the rising inflation in Kenya. An annual
Read More

cat
03 June 22

US To Explore Other Means of Trade with Kenya Ahead of The Delayed Free Trade Deal

The United States will consider other means of trade with Kenya despite the pending free trade deal. Kenyan has been frustrated by the pace at which the United States has been working on the deal. The free trade deal was
Read More

cat
30 May 22

British Fund Announces Sh81 Billion New Investment In Kenya

Private firms in Kenya are set to benefit from an investment of Sh81.4 billion over a period of five years from British International Investment (BII), previously known as CDC Group. The UK financial institution announced investments of $75.5 billion (Sh873
Read More

cat
28 May 22

Kenya Pays More Than Double In Debt Repayment To China

Kenya’s repayment to China has shot to a record high of Sh73.5 billion this fiscal year after the expiry of the debt-repayment suspension period. The repayments are for debts taken to fund infrastructure projects. The Treasury published expenditure data this
Read More

cat
Search
Newsletter

Follow me on Twitter