What do the moves by the Democratic Republic of the Congo (DRC) to boost its share of the country’s cobalt bounty have in common with the former Thai government’s attempts to control the global market for rice exports? Both are examples of dominant producers of a commodity trying to extract more wealth from that position. […]
Kenya will next month waive duty to allow millers to import maize from Uganda and Tanzania. Kenyan traders imported more than 77,500 tonnes of maize worth $31.2 million since January from its neighbours. This is the highest amount of imports in the past five years as drought and the effects of the fall armyworm manifest […]
Environmentalists have often argued that high tariffs keep would be users off electricity, but not off charcoal, which means the felling of trees to produce charcoal. The Electricity Regulatory Authority (ERA) has said the five-year corporation tax (CIT) exemption for Bujagali Energy Limited (BEL), which operates the Bujagali hydropower plant, has lessened this quarter’s retail […]
Tusker Lager is the highest selling beer in East Africa and is made in Kenya. A number of Kenyans love to gobble down a beer after a long and rough weak. The made in Kenya beer brands are some of the best liquors brewed in the continent. They are made from locally grown barley and […]
Foreign nations lent Kenya a total of 760 billion shillings, ($7.6bn) last year in an aggressive borrowing campaign that has raised the portfolio of the country’s foreign debt to record levels. China remains as the top lender to Kenya surpassing institutional lenders such as World Bank, International Development Funds among others with more than 1.5 […]
It said the lower rating resulted from the downgrade of the issuer rating of the Kenyan government given earlier this week. KCB Group said its rating had been affected by the sovereign downgrade but added that an upgrade would have a similar effect on the bank. Moody’s said that an erosion of financial metrics and […]
The Kenya shilling fell marginally against the United States dollar on Thursday as it continued with a downward trajectory amid rising demand for the greenback. The shilling traded at an average of 101.25 to the dollar, down from 101.20 in the previous session. The Central Bank of Kenya quoted the currency at 101.23 to the […]
China was the top country that advanced bilateral loans to Kenya in 2017, latest data from the Treasury shows. China gave Kenya Sh520 billion ($5,202.37 million) for the period ending December 2017. The Treasury data shows that China loans to the Kenyan government have been growing since December 2015 when it advanced the government a […]
Equity turnover at the Nairobi Securities Exchange (NSE) declined 51 percent on Thursday in a session dominated by local investors as foreigners kept off. Turnover stood at 3.6 million U.S. dollars on a volume of 11 million shares, down from 7.6 million dollars on 31 million shares on Wednesday. Local investors’ participation stood at 65 […]
Somalia’s port city of Kismayo is on the spot again over suspected illegal exports after a string of photos emerged on the social media showing truckloads of charcoal being loaded onto boats. Since Saturday, Somalia’s online media have been reporting that the port which was liberated by the Kenya Defence Forces in 2012 has now […]
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