Category: Business

The executive committee has also approved an entity that seeks to address non-physical barriers to trade to enable the Northern Corridor to compete with the Central Corridor.

This week, US officials were in Nairobi to conduct part of the negotiations on the US-Kenya Strategic Trade and Investment Partnership and to meet Trade ministers from the region.

In a letter published in the June International Monetary Fund (IMF) Fourth Review for Uganda sent to IMF Managing Director Ms Kristalina Georgieva, Finance Minister Matia Kasiaja and Bank of Uganda (BoU) Director of Research & Policy Adam Mugume noted that printing costs for banknotes had...

The latest Central Bank of Kenya (CBK) data shows that the country’s net financial account inflows dropped by 34 percent ($345 million) to $660 million in the first quarter of this year, compared with net inflows of $1 billion in the same period in 2022.

In a statement, the telco said the deal will empower over 32 million M-Pesa customers to send and receive money to over 200 million people living in the two countries.

The multilateral lender has left its projection of gross international reserves in months of import cover largely unchanged with the buffer expected to close in 2023 at an equivalent of 3.3 months of import cover.

An ICSID ad hoc tribunal on July 14 ruled that the Tanzania government had breached the UK-Tanzania Bilateral Investment Treaty when it seized the Ntaka Hill Project held by UK-registered Ntaka Nickel Holdings and Nachingwea UK along with Nachingwea Nickel, a Tanzania-registered firm.

The multinational, an outgrowth of Musk’s space technology firm SpaceX, has further appointed local internet firm Karibu Connect as its first authorised reseller in Kenya with a promise to offer download speeds of up to 250 Mbps and upload speeds of up to 35 Mbps.

The country's economy is just starting to recover from years of conflict and political upheaval under former leader Pierre Nkurunziza that left key sectors blighted.

Over 70 percent of apparel sold in East Africa is imported second-hand clothes, while apparel companies based in Kenya export a majority of their products, particularly to the US.