President Uhuru Kenyatta and US President Donald Trump at the White House in Washington, DC during an official visit August 27, 2018. FILE PHOTO | JOAN PERERUAN | NATION MEDIA GROUP The prestigious designation is expected to be announced during President Kenyatta’s planned visit to Washington next week, Bloomberg said. The US bilateral trade deals […]

Milk processing at a factory. The escalating trade dispute between Kenya and Uganda over milk exports, is just one of many facing all EAC partner states. PHOTO | FILE | NATION MEDIA GROUP At a glance, Uganda’s trade with Rwanda is down to a trickle after a year-long of frosty relations; Tanzania has locked out […]

Kenya and Uganda have has a trade dispute over milk imports. PHOTO | FILE | NATION MEDIA GROUP The milk imports row between Kenya and Uganda capped a year of simmering trade disputes between East African Community (EAC) member countries, undermining free movements of goods and services in the region. Kenya and Uganda last week […]

Consumers in East Africa will have to dig deeper into their pockets as they head for the holiday season, thanks to a rise in the cost of living. PHOTO | FILE | NATION MEDIA GROUP In Tanzania, inflation rose to 3.8 per cent in November, from 3.6 per cent in October. In Kenya, inflation stood […]

Tanzanian millionaire and chairman for Infotech Investment Group, Ali Mufuruki. He died in South Africa on December 7, 2019. FILE PHOTO | NMG Ali Mufuruki eulogised as one of Africa’s most respected business leaders. Educated as a mechanical design engineer in Germany, Mufuruki began his career with Daimler-Benz and then moved to Tanzania’s National Engineering […]

Tanzanian millionaire and chairman for Infotech Investment Group, Ali Mufuruki. He died in South Africa on December 7, 2019. FILE PHOTO | NMG Ali Mufuruki, who died of complications from pneumonia in a Johannesburg hospital on December 7, has been eulogised as one of Africa’s most respected business leaders. In his message, Nation Media Group […]

A worker at Finlays in Naivasha packs flowers for sale on February 10, 2015. The firm will close two farms due to high cost of doing business. PHOTO | FILE | NATION MEDIA GROUP Multinational flower firm Finlays will close its two farms by December 25 due to the increasing cost of doing business. In […]

Central Bank of Kenya Governor Patrick Njoroge displays new notes at his office in Nairobi on June 3, 2019. PHOTO | FILE | NATION MEDIA GROUP The silver coin, originally minted in Austria, was introduced to supplement grain and livestock — then commonly used as the medium of trade. Cowrie shells, which were also acceptable […]

Consumers will pay more for alcohol, cigarettes and betting after Parliament Wednesday reviewed upward taxes proposed by the Treasury PHOTO | FILE | NATION MEDIA GROUP Consumers will pay more for alcohol, cigarettes and betting after Parliament Wednesday reviewed upward taxes proposed by the Treasury in changes that saw the lawmakers block the move to […]