Economy

Uganda is in discussions with Tanzania regarding the possibility of importing all of its oil products through Dar es Salaam, marking a potential shift away from using Kenya’s Mombasa port for imports, Uganda’s Energy minister informed the press on Thursday. Uganda has expressed dissatisfaction with the current arrangement where Ugandan …

In a significant development, Kenya has been chosen to lead a pivotal regional body tasked with advancing agriculture to enhance livelihoods, foster sustained economic growth, and promote inclusive development across the region. Mithika Linturi, the Cabinet Secretary for Agriculture and Livestock Development, was inaugurated as the Chairman of the Council …

Deputy President Rigathi Gachagua has announced government measures to alleviate a milk glut, assuring dairy farmers of forthcoming higher earnings. Gachagua revealed that the government had allocated Ksh.900 million to Kenya Cooperative Creameries to purchase excess milk, preventing a decline in prices due to oversupply. Thanks to this intervention, milk …

Xiaomi launched the Redmi Note 13 Series on Friday, February 9, 2024, at an event in Nairobi, Kenya. This exciting lineup includes three devices – the Redmi Note 13 Pro+ 5G, Redmi Note 13 Pro, and Redmi Note 13 – that aim to elevate the popular Redmi Note range. With …

The closure of The Nairobian, a publication owned by the Standard Media Group, has been confirmed through an official statement. Renowned for its coverage of gossip, entertainment, politics, and sports, the newspaper bid farewell to its readers as it made the transition from print to digital platforms. In the statement, …

Banks have commenced the sharing of customer data and account balances with the Kenya Revenue Authority (KRA) as part of the tax agency’s intensified efforts to combat tax evasion and identify beneficiaries of illicit wealth. Certain banks recently informed their customers that they had initiated the implementation of Common Reporting …

Safaricom has provided clarification regarding the technical issue affecting its customers’ ability to send M-Pesa transactions. “We have observed that some of our customers are not receiving messages from Safaricom and/or M-PESA. This issue primarily affects customers using Android phones with third-party SMS applications,” Safaricom stated. In a statement released …

Airtel Money customers can now receive money directly from any network without the need for a withdrawal code, which previously had a seven-day validity period. Effective February 6, this move aligns with collaborative efforts between the Central Bank of Kenya (CBK) and industry players to facilitate seamless mobile money transactions, …

Electricity consumers are poised to experience a reduction in their monthly bills following the recent revision by the Energy and Petroleum Regulatory Authority (Epra), resulting in a decrease in power prices by an average of 9.3%. For domestic customers accustomed to paying Sh32 per kilowatt-hour (kWh), the new rate will …

Navigating through the throngs of bargain hunters, one can’t help but notice the clutter of goods strewn across the sidewalks, from buckets to mattresses. In the heart of Nairobi’s downtown lies Kamukunji Market, once a bustling hub of commerce. Traders proudly exhibit their merchandise along the sidewalks, offering everything from …