The Kenyan inflation has hit another record high after it supersedes last month’s record of 7.9 percent to now 8.3 percent. The current inflation rate is at a 61-month high despite central bank fiscal policy and state subsidies on key
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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
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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
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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
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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
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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
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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
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Last week, major regional telecommunications stakeholders came together – both virtually and in person – to participate in this year’s edition of the Africa Internet Summit (AIS) in Mauritius. The conference was hosted by the African Network Information Center (AFRINIC), Africa’s
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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
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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
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