• 4 Mar 2021 - Kenya is expected to resume negotiations with the United States on a potential economic partnership agreement imminently. Last week, the Ministry of Trade and Industrialization confirmed preparation for a third round of talks upon the confirmation of President’s Biden choice of his country’s trade…
  • 4 Mar 2021 - Mitumba imports are not in direct competition with new clothes including locally manufactured textiles according to a new report. According to the report by the Mitumba Consortium Association in collaboration with the Institute of Economic Affairs (IEA) the second hand clothes imports are a…
  • 4 Mar 2021 - The National Treasury has set its sights on raising Ksh.50 billion from the domestic market through the sale of Treasury bonds this month. The Central Bank of Kenya (CBK) has reopened two bonds maturing in eight and 17.4 years respectively which are open for trading until Tuesday next week. The…
  • 4 Mar 2021 - For Eric Nshimiyimanain, who owns two small electronic repair shops in Kigali, Rwanda, the startup chime of an old Windows laptop is the sound of a business opportunity. He refurbishes broken PCs, laptops, phones and secondhand gadgets classified as electronic waste, or “e-waste” that would…
  • 4 Mar 2021 - The European Union and the European Investment Bank, working together as Team Europe, are providing €120 million (Ksh. 15.8 billion) of new support for Equity Bank to enhance financing to Kenyan companies most impacted by the COVID-19 crisis. The financing package will support access to finance at…
  • 3 Mar 2021 - Treasury CS Ukur Yatani has forced the management of the Kenya Ports Authority (KPA) back to the drawing board after he rejected proposed names for the next Managing Director. In a letter dated March 2 and seen by Citizen Digital CS Yatani said none of three submitted names met the threshold for…
  • 3 Mar 2021 - Kenya’s recently concluded economic partnership agreement with the United Kingdom has come under sharp scrutiny with observers warning of a backdoor route for the UK to exploit the deal to its favor. According to an analysis of the trade pact by EcoNews Africa non-profit research and advocacy…
  • 3 Mar 2021 - Kenyan private sector firms have continued to trim employee salaries further as the demand for goods and services staggers. Also Read: Pain for Kenyans in the New Year as MPs approve COVID-19 tax reversals This is according to a new private sector economy survey by Stanbic Bank which shows the…
  • 3 Mar 2021 - NCBA Bank Kenya PLC on Wednesday signed a partnership deal with Tata Africa Holdings (K) Limited to finance Tata models throughout the country. Under the deal, customers will be able to acquire a Tata range of commercial vehicles with up to 95 per cent financing from NCBA Bank for up to 60 months…
  • 3 Mar 2021 - AGRA has kicked off the celebrations of 2021 international women’s day by a series of in -country VALUE4HER networking and advocacy events. These events promote interactions among women companies, markets actors and other public and development actors for better understanding of needs and…
  • 3 Mar 2021 - National carrier Kenya Airways (KQ) has announced plans to resume direct flights from Nairobi’s Jomo Kenyatta International Airport (JKIA) to Charles De Gaulle (CDG), France. The direct flights are set to restart from March 17, 2021. “KQ will continue to offer its customers competitive fares and a…
  • 2 Mar 2021 - Nearly 30 per cent of bars or an equivalent 3 out of every 10 bars/entertainment joints are yet to re-open following COVID-19 enforced closures. This is according to new data provided by the Pubs, Entertainment and Restaurants Association of Kenya (PERAK). The lobby is pushing for the revision of…
  • 2 Mar 2021 - The National Government trimmed its outstanding bills to suppliers for the first time in more than one year between October and December with the pending arrears falling by Ksh.23.7 billion in the period. The fall in pending bills has been revealed by new Treasury data covered in the 2020/21…
  • 2 Mar 2021 - Gender-specific data, especially detailed information on how women and men use financial resources, is needed to improve interventions geared to closing the gender gap in energy access, the African Development Bank (AfDB) has said. Phoebe Makungu, the Deputy Director for Gender and Development in…
  • 2 Mar 2021 - Simba Corp on Monday launched sales of the locally assembled Proton Saga saloon car. The Proton Saga is locally assembled at the Associated Vehicle Assemblers plant in Mombasa. “We look forward to having the Proton Saga and indeed the Proton brand take the Kenyan market by storm because we believe…
  • 2 Mar 2021 - Kenya has been recognized by Solar Cookers International (SCI) for its progressive effort in promoting and expanding the use of clean cooking as an alternative to traditional sources of energy. The Government clinched the prestigious Solar Cookers International Order of Excellence for 2020 and was…
  • 2 Mar 2021 - Regional low-cost carrier Jambojet has entered into a partnership with the Kenya Tourism Board to promote domestic tourism. The partnership involves branding one of Jambojet’s De Havilland Dash 8-400 aircraft for a period of one year. “Last year we launched the ‘Now Travel Ready’ campaign to…
  • 2 Mar 2021 - Jomo Kenyatta International Airport (JKIA), Nairobi and Moi International Airport (MIA), Mombasa have been recognized for excellence in customer service. Airports Council International (ACI) – the voice of world airports awarded the coveted Best Airport by Size and Region to the two Kenyan…
  • 2 Mar 2021 - Kenya stands to benefit immensely from the implementation of the African Continental Free Trade Area (AfCFTA). The Industrialisation Ministry has moved in to assure small enterprises of markets for their goods in the continental pact. Also Read: African free trade bloc opens for business, but…
  • 1 Mar 2021 - Carbacid Investments offer to acquire BOC Kenya (BOCK) has opened without amendments to its valuation of the company. Carbacid alongside its Aksaya Investments has made a bid for the 100 per cent issued share capital of BOC Kenya for a total of Ksh.1.24 billion or an equivalent Ksh63.50 per share…
  • 1 Mar 2021 - The World Trade Organization’s (WTO) first female and first African director-general Ngozi Okonjo-Iweala began work on Monday, ending a six-month leadership void by vowing to unblock negotiations on rules to stop over-fishing. After a long campaign that was derailed in the latter stages by a Trump…
  • 1 Mar 2021 - Regional based insurer Britam has announced job cuts as it commences the restructure of its business. Also Read: Britam announces a Ksh.1.6 billion half-year loss In a statement issued on Monday, the underwriter says the business realignment process will result in the elimination of some roles.…
  • 1 Mar 2021 - Konza Technopolis Development Authority (KoTDA) and the Israel embassy in Kenya have partnered to host an innovation challenge to address technology driven needs of the Technopolis. The challenge dubbed “Konza Innovation Challenge” targets innovations in response to the advancement of Konza…
  • 27 Feb 2021 - The rate of inflation in February has risen further to 5.78 per cent from a lower 5.69 per cent in January. This to represent a steady rise in the cost of living in the country according to official government data from the Kenya National Bureau of Statistics (KNBS). The increased pressure in…
  • 27 Feb 2021 - The Ministry of Trade has expressed optimism on the adoption of the Kenya-UK trade pact by the National Assembly representing the deal’s ratification. The optimism nevertheless comes against concerns on trade-offs from the deal completed and announced in December last year. For instance various…
  • 27 Feb 2021 - Employers represented by the Federation of Kenyan Employers (FKE) have warned of further job cuts as business struggle to thrive under higher taxes. The federation has for instance lamented the hike in the petroleum levy last year which pushed up petroleum prices along with the recent re-…
  • 27 Feb 2021 - EABL’s local subsidiary Kenya Breweries Limited (KBL) has unveiled a new bartender academy aimed at training a minimum 10,000 bar operators. The training program add’s to the firm’s continued support for bars and entertainment joints which includes the recent roll out of subsidy funding to the…
  • 26 Feb 2021 - Kenya Power full year loss contracted from an initial Ksh.2.98 billion to Ksh.939 million from tax credits earned from the relief on corporation tax passed on to firms last year. The new loss position is according to new disclosures by the utility company contained in the firm’s audited financial…
  • 26 Feb 2021 - Manufacturer East African Portland Cement Company (EAPC) has cut its half year loss through December 31, 2020 to Ksh.1 billion from Ksh.1.6 billion last year. The loss reduction is heavily attributable to lower administrative and selling expenses which halved to Ksh.540.5 million from Ksh.1.1…
  • 26 Feb 2021 - The National Assembly has failed to ratify the Economic Partnership Agreement between Kenya and the United Kingdom. The debate was expected on Thursday afternoon but the Speaker ordered the Departmental Committee on Trade, Industry and Co-operatives to work on and table a supplementary report on…