Economy

Kenya Airways Seeks Approval to Extend Joint Venture with Precision Air

Kenya Airways (KQ) and Precision Air are seeking an extension of a special waiver granted two years ago, allowing them to collaborate and share revenues on routes covered by a joint venture agreement. The Competition Authority of Kenya (CAK), in its latest report covering the financial year ending June 2023, …

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Starbucks Hotel Among Five Upscale Establishments Shut Down Amid Alcohol Crackdown

In Karatina town, Nyeri, five prominent hotels have been closed as part of an intensified crackdown on alcoholism. The closures come just a day after President William Ruto’s visit to the county, where he reiterated the government’s commitment to eradicating alcohol and substance abuse. READ ALSO: Why Shanzu Court Declared Shisha …

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Mudavadi: Visa Waiver Policy Nearly Doubles Visitor Numbers

The government has reported a substantial surge in visitor arrivals since the implementation of the visa waiver policy, according to Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs, Musalia Mudavadi. Mudavadi revealed that the volume of visitors between January and March nearly doubled compared to the same …

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Government Secures 5 Million Bags of Fertilizer, President Ruto Assures Farmers

With the planting season drawing near nationwide, the availability and quality of fertilizer remain hot topics of discussion. Farmers from various regions have raised concerns about the insufficient supply of this essential agricultural input, evident from long queues observed at several National Cereals and Produce Board (NCPB) warehouses. However, President …

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CS Tuya Urges Fruit Tree Planting for Green Future

Environment, Climate Change, and Forestry Cabinet Secretary, Soipan Tuya, has called upon Community Forests Associations (CFAs) and the wider Kenyan populace to actively engage in the planting of fruit tree seedlings. This initiative aims not only to foster a greener landscape but also to bolster food security across the nation. …

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DStv Implements Third Price Hike in a Year, Raises Rates by Up to Sh600

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 …

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Safaricom Loses Ground to Airtel in Voice Market

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 …

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Co-op Bank Expands Presence with 15 New Branches in Kenya in 2024

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 …

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Hunger Situation in Kenya Still Serious Despite Improvement

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 …

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Kenya’s Shilling Hits 8-Month High Against the Dollar, Trading at Sh139

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 …

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