Year: 2022
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News
Chinese oil company enters Uganda for country’s commercial oil production
Chinese oil giant China National Offshore Oil Corporation (CNOOC) has taken China’s latest oil drilling technologies and equipment to Uganda,…
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Economy
IMF sets conditions before releasing low-cost loans for poor countries to deal with food crisis
Kenya is among countries that will benefit from a one-year funding programme dubbed Food Shock Window which the International Monetary…
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NEWS
Konza wins bid to host the International Science Parks Conference in 2024
Kenya has won the bid to host the 2024 International Association of Science Parks and Innovation Areas conference in a…
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Corporate
US companies to consolidate investment ties with Kenya – says Whitman
The United States Companies operating in Kenya will work to consolidate trade and investment between the two nations on the…
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Economy
U.N revises down economic growth to 2.5% in 2022
The United Nations (U.N) has projected the global economy to grow between 2.5% and 2.8% in 2022. This is a…
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Economy
CBK distances itself from Gachagua’s remarks over forex reserve shortage in Kenya
The Central Bank of Kenya (CBK) took issue with remarks made by the Deputy President Rigathi Gachagua over foreign Exchange…
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Markets
Forex reserves up 1.4% to Ksh.896.9 billion at September close
Kenya’s foreign exchange reserves (import cover) was kept at Ksh.896.9 billion at final week ending September 2022. The record cover…
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Commodities
Costly food prices push Kenya inflation at 10-year high of 9.2%
Inflation in Kenya hit 9.2 percent all-time high in September owing to high cost of food and fuel. It is…
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Markets
CBK pays Ksh.4 billion in dividend to consolidated account at Treasury
The Central Bank of Kenya (CBK) has paid in dividend, Ksh.4 billion to the Government Consolidated Fund (GCF) under the…
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Economy
Top Siaya County officials stole Ksh.400 million weeks to General Election
Top Siaya County government officials have been accused of presiding over the corruption syndicate which saw over Ksh.400 million stolen…
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