Category: Business

Kenya secured a fresh 20-month $551.4 million tenure, about Ksh80.2 billion, through the IMF’s Resilience and Sustainability Facility (RSF).

The Energy and Water Utilities Regulatory Authority (Ewura) has released fuel prices for the month of September, with prices skyrocketing across the board.

Speaking at the Kenyatta International Convention Centre (KICC) in Nairobi on Tuesday in a speech to delegates at the ongoing Africa Climate Summit, Ruto waded into the often-murky terrain of foreign debt to African nations, saying that a conversation on the punitive policies of the West...

The credit facility, which can be expanded to Ksh20 billion ($137.2 million), has been signed with KCB Group, Absa, Standard Bank of South Africa and Standard Chartered.

This marks the second positive month of portfolio inflows from foreigners this year –a rare outcome under depressed market conditions which have seen them dump stocks in emerging and frontier markets in favour of safe haven assets.

Kenya Wildlife Services (KWS) a state corporation responsible of conserving and managing national parks, first tripled parks entry fees before launching a common online payment platform.

Using its investment-grade status, the pan-African insurer has helped minimise borrowing costs for African governments. This was evident recently when Tanzania and Kenya received significant reductions in borrowing expenses by avoiding exorbitant rates associated with individual country lending.

The offer, which has been opened to Kenyan investors, will see the incentive shares issued to qualifying investors on a pro-rated basis, with higher application volumes guaranteeing one more free share.

The controversy arose as Bayern chose not to renew its sponsorship contract with Qatar Airways following heavy backlash from its fans and human rights groups.

The Feed the Future and Prosper Africa funding supported by the United States Agency for International Development is set to increase Kentaste’s processing capacity by 67 percent to 50,000 coconuts per day.