Category: Business

During the offer window, Kenyans will purchase the hardware equipment at Sh39,500, down from the Sh89,000 asking price during normal sales.

The latest profit is a growth from Sh379.69 million posted in the previous year and translates to record earnings, overtaking the previous peak net income of Sh615.8 million in 2011.

The EastAfrican has learnt that the Kenya Dairy Authority has opened a window for more milk powder imports from Uganda as the July-August and December-February dry months approach. During these months, Kenya is usually plunged into a liquid milk production deficit, which pushes up prices.

The EastAfrican has learnt that the Kenya Dairy Authority has opened a window for more milk powder imports from Uganda as the July-August and December-February dry months approach. During these months, Kenya is usually plunged into a liquid milk production deficit, which pushes up prices.

As of September 2023, Zimbabwe's publicly guaranteed debt stood at $17.7 billion, of which $12.7 billion was external and $5 billion domestic.

According to the multinational lender, the higher benchmark lending rate by the CBK has amounted to a defense of the local currency while the partial repayment of the Eurobond notes maturing in June has revived demand for the shilling.

And he is turning to mining; the country’s biggest export. The country’s value of untapped minerals is estimated to be $24 trillion and could create massive jobs if the metals are not stolen.

These include a debt-to-gross domestic product (GDP) ratio of 50 percent, fiscal deficit (including grants) of three percent of the GDP, overall inflation of eight percent and forex reserves of 4.5 months of import cover.

The exchange said the cash raise was oversubscribed by more than two times, receiving offers of $26.6 million (Ksh3.49 billion) in new capital, although it did not state the amount it was taking up from the offers.

This is as a result of the volatile macroeconomic conditions hurting the operations of companies, including rising interest rates, soaring inflation, depreciating currencies and dwindling forex reserves, according to a new report.