Category: Business

Gross debt stock climbed Ksh1.56 trillion ($10.8 billion) for the financial year ended June, fresh data released by the Treasury shows, breaching the Ksh10 trillion ($69.52 billion) mark by Ksh189.53 billion ($1.32 billion).

Airtel said effective Tuesday, customers would be allowed to deal Ksh500,000 ($3,475) daily up from the previous limit of Ksh300,000 ($2,085) while the limit per transaction was retained at Ksh150,000 ($1,042).

The telco has also allowed individuals and businesses to hold half a million shillings in their M-Pesa wallets from Tuesday as mobile money evolves from person-to-person payments to an e-commerce tool.

The Energy regulator kept the prices of fuel unchanged in the latest review cycle after reintroducing the subsidies that would have seen pump prices cross the Ksh200 ($1.39) mark.

In an advisory to US businesses, the Departments of State, Commerce and Labor together told them of "the growing reputational, financial and legal risks" to transactions linked to South Sudan's government or companies controlled by officials' families.

On Farmers Day on Tuesday President Samia said exporters of food crops, mostly maize and other cereals, could now buy from the National Food Reserve Agency (NFRA) instead of directly purchasing from farmers and crops market agents.

The East African Cross-Border Trade Bulletin July 2023, released by The Market Analysis Sub-group of the Food Security and Nutrition Working Group, says the 2022 drought raised prices of grains as demand reduced supply.

The technocrats are carrying out a balancing act in allocating resources to finance government operations, service debts, fulfil voter promises and implement stimulus programmes to shore up economies saddled by rising inflation, depreciating currencies and the high cost of living.

Members of the East African Business Council (EABC), supported by the German Technical Cooperation (GIZ), met on August 7 in Kampala to discuss the progress of developing the EAC Tariff Offer under AfCFTA for sensitive products and the exclusion list. The conclusion was that it...

This week, the Kenya Ports Authority (KPA) acquired $40.7 million equipment to modernise its ship-to-cargo handling capacity and to reduce delays at the Port of Mombasa.