Tag Archives: Kenya

16 December 22

Kenya Drops Three Places In 2022 Africa Openness Index [AVOI].

Kenya is now ranked 31 in the latest ranking of the Africa visa openness index [AVOI]. The ranking measures the ease at which Africans can enter a particular country. The new position of Kenya is a new low, and it
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30 September 22

Telkom Kenya Now A State – Owned Company.

According to documents presented in the parliament, the Kenyan treasury purchased a 60 percent stake in Telkom Kenya. This purchase was done after the UK – based private equity fund, Helios Investment partners opted out. The deal was worth sh6.09
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30 August 22

Kenya’s election raises questions and opportunities for crisis-hit East Africa

Kenya has voted for its next President at a time when its citizens are looking for answers to soaring inflation, high unemployment, devastating drought and food shortages. The two frontrunners, opposition leader Raila Odinga and Deputy President William Ruto, both
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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
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16 February 22

Chinese Firms Continue to Benefit from Massive Infrastructure Projects in Kenya

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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31 January 22

10 People Feared Dead in Kenya After Roadside IED Blows Up Van in Northern Eastern County of Mandera

At least 10 people are feared dead after an improvised explosive device or IED targeted a public transport vehicle in Kenya. The attack was conducted by the Somali-based Islamist group Al Shabab. It also happened in Mandera, a North Eastern
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26 January 22

Kenya’s Demand for Power Surges; Rising Tariffs Spur Costly Electricity Bills

Kenya’s demand for power hit record highs in the past few months. According to Kenya National Bureau of Statistics (KNBS), Kenya Power and Lighting Company (KPLC) sold an average of 800 million KWh in the last four months of last
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29 December 21

Paris Club Denies Kenya’s Request for Debt Relief as Slowed Post-Covid Economic Recovery Hampers Government Revenues

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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16 December 21

Uber Kenya Partners with Electric Vehicle Company Opibus to Offer Electric Motorcycles in Its Rideshare App

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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01 November 21

Boom For the Nairobi Stock Exchange as Foreign Investors Stream Back in Huge Numbers

The Nairobi Stock Exchange is starting to dream of better days ahead as foreign investors troop back in. The bourse, which is the largest in East and Central Africa in terms of market capitalization, has seen a 64% jump in
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