Taita Taveta has now set its focus on the lucrative macadamia farming, in a bid to enhance food security in the county. Gaining support from both the national and county governments, macadamia farming has seen steady growth, moving from its current status of 300 hectares with
Habitat for Humanity Africa is set to host the inaugural Africa Housing Forum that seeks to foster solutions that promote low-cost and affordable housing as a driver of economic growth in Africa. The forum is part of a global series of regional housing forums organised by
The National Treasury Cabinet Secretary Ukur Yatani seeks to increase excise duty as changes are made to the Excise Duty Act. Changes that have been proposed to the Excise Duty Act through the Finance bill 2022 will see punters pay 20 percent of their money as
Digital lenders are now required to notify loan defaulters a month prior, before presenting their names to the Credit Reference Bureau (CRB). This comes after changes were made to the Consumer Protection Act which saw the Central Bank of Kenya (CBK) become an overseer of all-digital
Tatu City has launched a raffle that will see a lucky Kenyan living in the diaspora win a free ticket back home from anywhere in the world. The “Fly me Home!” raffle campaign will run from April 1, 2022, to June 30, 2022. The draw will
Subaru Kenya and Autochek Africa have signed a deal that will see customers buy new and second-hand cars through loan facilities effective March 31, 2022. “The collaboration will see an increase in their vehicle purchase since many Subaru lovers do not convert to customers due to
Diamond Trust Bank posted a Ksh.3.9 billion profit for the full year ended December 31, 2021, compared to Ksh.3.2 billion made a year before. This has seen the bank announce the resumption of dividend payout. DTB’s board has recommended a Ksh.3 per dividend per share for a
The Kenyan Government has entered into a formal engagement with Independent Power Producers (IPP) as reforms continue in the energy sector. The partnership will contribute to the delivery of the constitutional mandate of the Ministry of energy by providing clean, reliable, sustainable low-cost power. This has been
The Kenyan Shilling has retained its vulnerability against the United States Dollar at a low of 114.8 units, signaling a crisis in commodity prices. On Tuesday, the shilling slumped further against the dollar to trade at Ksh.114.82, down from Ksh.114.7 on Monday. This has been fueled by
The Central Bank of Kenya (CBK) has suspended Ecobank from forex trade over what it termed as unsafe trading practices and breaches of the Prudential Guidelines on Foreign Exchange Exposure Limits in March 2022. The lender will, consequently, not be in a position to undertake any
