Economy

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 …

Kenya Electricity Generating Company PLC (KenGen) has announced an increase in hydropower generation following significant water levels in the country’s main dams within the Seven Forks Cascade. The notable performance, particularly at the Masinga Dam, Kenya’s largest, maintaining nearly maximum water levels of 1,056 meters above sea level (mASL) for …

The commencement of sorghum cultivation in Murang’a, spearheaded by the county government, heralds a new era of hope for farmers residing in the semi-arid regions. For years, these farmers, dependent on mangoes and rain-fed subsistence farming, grappled with poverty exacerbated by low earnings from mango sales, particularly during the January-February …

Co-operative Bank of Kenya has increased its daily ATM withdrawal limit by 50 percent to Sh60,000, as banks respond to the reduced spending power among customers due to the weakening Kenyan shilling. The bank informed its customers about the adjustment, marking the first such revision in nearly a decade. This …

The government has unveiled intentions to launch a dollar-denominated bond aimed at attracting investment from Kenyans living abroad. In a statement, Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs Musalia Mudavadi revealed that the Diaspora Bond would be developed in collaboration with the World Bank’s Multilateral Investment …

The government has unveiled a plan to allocate Sh394 billion over the next five years for the construction, repair, and enhancement of major highways, despite facing budget constraints that have led to reductions in overall road funding in recent budget allocations. In its five-year strategic plan, the Kenya National Highways …

The proprietors of Nairobi Flour Mills, known for processing Jimbi maize and wheat brands, have listed the business for sale at a price of Sh400 million. This sale announcement reflects heightened activity in the packaged food industry, following closely after Kitui Flour Mills, trading under the Dola maize and wheat …

By: AFP Data from the Japan Automobile Manufacturers Association revealed on Wednesday that China has overtaken Japan as the world’s largest vehicle exporter in the past year. The surge in China’s automotive sector has been attributed to substantial investments in electric vehicles, an area where Japanese companies have been more …