Category: Business

CEO Peter Njenga said the firm had made strides in Ethiopia and Djibouti and, this financial year, it received invitation from Tanzania.

The October 2 report on implementation of EAC Common External Tariff (CET) says the band is yet to stimulate industrialisation to generate an adequate supply of products for trade in the regional Customs Union and Common Market.

In an October 10, 2023 notice to commercial banks and bureau de change operators, BoT said it had “received information regarding seizure of large amounts of US dollar counterfeit notes in a foreign country, which were destined for the African continent”.

This is largely due to a limited supply of cross-listed shares, exchange rate risks and manual settlement operations, which are choking cross-border trading activity, while obstructing regional investors from owning part of the region’s big companies.

The installation, whose biggest cost is the purchase of the hardware kit that consists of the Starlink dish, a mounting stand, cables and a power source, is currently in six African countries —Kenya, Mozambique, Nigeria, Rwanda, Zambia and Malawi.

Bolt had written to the National Transport and Safety Authority (NTSA) seeking the renewal of its operating licence, with days left to its expiry.

KNCCI has signed a memorandum of understanding (MoU) with the Kenya Association of Private Employment Agencies (Kapea) and the Association of Skilled Migrant Agencies of Kenya (Asmak) to facilitate jobs for Kenyans in Lebanon.

The Ghana-based firm launched in the Kenya market last November, signing up local stockbroker Kestrel Capital and Ghanaian Intermediary Databank.

The week-long talks in the Southern Moroccan city of Marrakesh come as the IMF and World Bank are facing calls to reform in order to better help vulnerable nations deal with poverty and climate change.

The shilling had weakened against the dollar by 17 percent, making imports more expensive because these are mainly funded using greenbacks purchased in the local market. This has also partly contributed to the high inflation experienced this year.