Economy

Last year witnessed a notable rebound in cargo throughput at the Mombasa port, with a growth of 6.23 percent, a trend attributed to the government’s renewed efforts to enhance efficiency amid increasing competition from Dar es Salaam. According to data compiled by the Kenya National Bureau of Statistics (KNBS), East …

A recent international tender inviting bids for long leases of state-owned sugar companies has been temporarily halted by the High Court. Justice Chacha Mwita issued an order suspending the tender, which was advertised by the Ministry of Agriculture on January 16, following an urgent application. The decision to halt the …

British companies are expressing strong interest in investing in Kisumu County to capitalize on the area’s significant economic opportunities in agriculture and the blue economy. Neil Wigan, the British High Commissioner to Kenya, emphasized Kisumu’s strategic position as the gateway to Uganda and Tanzania, offering extensive prospects for both local …

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 …