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
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Safaricom has said it will slow the rollout of the fifth-generation network because of expensive 5G mobile phones. According to the giant telco company, a larger number of mobile phone users need to acquire 5G phones before they can set
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Annual sales for locally assembled vehicles are expected to increase by 70% in Kenya. This is following the government’s directive to ban the importation of used trucks and buses. In a statement released by the Kenya Bureau of Standards (KEBS),
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A few days ago, the Russian army began a large-scale invasion of Ukraine. The war has now entered its seventh day and its impacts are starting to bite. While European nations will suffer the most, the ripple effects of this
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Kenya, East Africa’s biggest economy, has seen a massive surge of infrastructure developments over the last few years. The country is currently building major roads and railways all over the country. Most of these projects are funded by Chinese-based loans.
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Kenya Airways has announced that it will begin to offer direct flights from Nairobi to Milan. A statement by KQ confirmed that the flights will start from June 8. It is not clear yet how many flights the national carrier
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The Paris Club has denied Kenya’s request for extended debt relief. The East African nation has seen revenues plummet as slowed economic recovery from COIVD 19 bites. The Treasury wrote to the club asking for a debt relief of about
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Kenya’s national carrier Kenya Airways (KQ) will receive a bailout of nearly $1.2 billion from the Kenyan government. The move was announced by the cabinet secretary in charge of finance Ukur Yatani. The bailout is designed to help the ailing
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Uber Kenya has announced new plans to start offering electric motorcycles as part of its rideshare app. The US-based company is partnering with electric vehicle maker Opibus to make this happen. There was no timeline given though as to when
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Kenyan national airline Kenya Airways has announced new flights directly from Juba to Khartoum. KQ is looking to cash in on increased normalization of relations between Sudan and its runaway neighbor South Sudan. The move is also part of KQs
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