Economy

MultiChoice Kenya Limited, the pay television service provider, has announced an increase in DStv subscription rates by up to six percent, marking the third adjustment in a year. This move impacts households and businesses, adding strain to entertainment budgets. Effective April 1, the DStv Premium package will witness the most …

In the span of three months leading up to December 2023, Airtel Kenya experienced an uptick in its voice market share by one percentage point, taking it from 35 percent to 36 percent, according to data from the Communications Authority of Kenya. This growth came at the expense of competitors …

In a bid to bolster its reach and accessibility, the Co-operative Bank of Kenya has announced plans to inaugurate 15 new branches across the nation in 2024. Despite the burgeoning popularity of digital banking services, the bank remains steadfast in its commitment to extending physical outlets, aiming to bridge the …

Kenya’s global hunger ranking saw an improvement to 90 in the 2023 Global Hunger Index (GHI), down from 94 the previous year, yet the report still characterizes the situation as serious due to unbalanced food access. Severe food insecurity affects approximately 27.8 percent of the population, exacerbated by factors such …

In a remarkable surge, Kenya’s shilling has soared against the dollar, reaching a high of Sh139 on Tuesday, marking one of its most robust recoveries in recent months. According to official figures from the Central Bank, the shilling traded at Sh139.4919 against the greenback on Tuesday morning, a notable increase …

Equity Group has solidified its standing as one of the strongest banking brands worldwide, ranking second in Brand Finance’s 2024 Brand Strength and Brand Value rankings. With a Brand Strength Index score of 92.5 out of 100 and an AAA+ rating, Equity climbed from 4th position in 2023 to secure …

In a bid to enhance accessibility and affordability of fertilizer for local farmers, the Nakuru County government has inaugurated additional stores strategically located across various wards. This initiative aims to alleviate the financial burden and logistical challenges faced by farmers in acquiring agricultural inputs. Leonard Bor, the County Executive Committee …

An audit has uncovered that Rai Cement company neglected to settle levy fees amounting to Sh3.9 million in the fiscal year concluded in June 2023, contributing to its total outstanding dues over the years reaching Sh10.7 million. Examination of records revealed that the cement levy payments made by the company …

Dubbed the “Green Gold” of Kenya, avocados are increasingly recognized as a significant contributor to the country’s economic prosperity. Last year, they constituted a notable 17% of total horticultural exports, positioning Kenya among the top avocado-producing nations globally, competing with established producers like the United States, Mexico, and Colombia. During …

A salt firm based in Mombasa has been instructed by a state agency to compensate over Sh185 million for utilizing seawater in the commercial production of salt. The Court of Appeal ruled that Krystalline Salt Limited must remunerate the Water Resource Management Authority (Warma) for extracting seawater from the creek …