Economy

In the global context, exchange rates often go unnoticed by many individuals whose affairs and businesses primarily operate locally, using the domestic currency, the Kenyan Shilling. People typically pay attention to exchange rates only during occasional transactions involving foreign goods, healthcare services, travel, or overseas remittances. The Central Bank of …

Safaricom has acknowledged the malfunction of its mobile payment service, M-Pesa PayBill. In a notice issued on Tuesday morning, the mobile network provider stated that it was facing recurring service intermittency, impacting certain PayBill payments. “We are currently addressing a recurring service intermittency affecting specific PayBill payments. Our technical team …

Fly-Dubai, a Dubai-based low-cost carrier, has launched direct flight services to Mombasa as part of its strategic expansion into the African market. The airline aims to strengthen connectivity, boost the tourism sector, and foster economic ties between Dubai and Mombasa. Fly-Dubai becomes the first national carrier with direct flights from …

Kenya is planning to withdraw from the Government to Government (G2G) agreement with Saudi Arabia, acknowledging its negative impact on the forex market and admitting failure to alleviate pressure on the dollar. The G2G deal, initiated by President William Ruto in April 2023, aimed to stabilize the shilling against the …

By: Nicholas Wambua Meet Dennis Philip, a proud entrepreneur hailing from Kitui Town, deeply rooted in the business of selling tires since 2005. In 2013, he took a bold step and established his own venture located along Kalundu-Mangunas Road, right across from opposite Lake Oil Petrol Station. Beyond his business …

In a recent communication, Airtel Kenya has informed its customers about a scheduled maintenance activity that may result in intermittent services on calls and SMS. The maintenance is set to take place between midnight and 4 am tonight. Airtel Kenya, a leading telecommunications service provider, issued the notice to proactively …

Kenya Airways (KQ) is actively addressing the situation to ensure the continuity of flights between Nairobi and Dar es Salaam after Tanzania announced the suspension of all KQ flights into its capital, effective January 22. The decision by Kenya’s southern neighbor stems from a reciprocity dispute, triggered by Kenya’s rejection …

On Monday, the official exchange rate of the shilling against the dollar surpassed the 160-unit mark, marking a sustained and steady depreciation trend that has reduced the margin between the official and retail selling rates of the US currency. The Central Bank of Kenya (CBK) published an indicative rate on …

Simon Chelugui, the Cabinet Secretary for Co-operatives and Small, Micro, and Medium Enterprises, has urged coffee farmers in Murang’a to capitalize on the recent reforms in the sector to enhance their production. Addressing farmers during a coffee meeting, Chelugui emphasized that the Minimum Guaranteed Returns (MGR) set by the government …

Mombasa County Government has issued a temporary suspension of Bamburi Cement’s coal operations to safeguard the well-being of nearby residents. The decision follows a comprehensive site inspection led by Deputy Governor Francis Thoya, along with officials from the Environment Department, Public Health, and the National Environment Management Authority (NEMA). The …