Economy

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 …

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 …