Business

More Pain for Motorists as EPRA Introduces Rates for Fuel Wastage

More Pain for Motorists as EPRA Introduces Rates for Fuel Wastage

The Energy and Petroleum Regulatory Authority (EPRA) has announced new rates to cover the fuel wastage that occurs along the…
Kenya’s Shilling Sinks to New Lows Despite $900 Million Funding Boost

Kenya’s Shilling Sinks to New Lows Despite $900 Million Funding Boost

Kenya’s currency has been one of the worst-performing currencies in Africa this year, despite receiving nearly $900 million in new…
Boost for Dairy Farmers as Kenya Seeks to Install Milk Coolers in All Wards

Boost for Dairy Farmers as Kenya Seeks to Install Milk Coolers in All Wards

The Kenyan government has pledged to install milk coolers in all wards nationwide as part of the Kenya Co-operative Creameries…
Oil Losses Drag as Brent Crude Goes for $78 per barrel

Oil Losses Drag as Brent Crude Goes for $78 per barrel

An initial assessment of oil prices on Monday, Jan 22, revealed that the price of Brent crude was $78.47 per…
Kenyan Shilling to Face Prolonged Decline in 2024 – Experts Warn

Kenyan Shilling to Face Prolonged Decline in 2024 – Experts Warn

The Kenyan Shilling is currently on a steady decline against major currencies, and industry experts predict this downward trajectory will…
Kenya Allocates Over Half of Tax Revenues to Debt Servicing

Kenya Allocates Over Half of Tax Revenues to Debt Servicing

Kenya faced a substantial fiscal challenge in the first half of the 2023/24 financial year as over half of the…
Kenya overtakes Nigeria in Startup Funding with $800 Million Raised

Kenya overtakes Nigeria in Startup Funding with $800 Million Raised

Kenya surpassed Nigeria as the top destination for startup funding in Africa in 2023, with about $800 million raised by…
Nigeria Grappling With Forex Shortage to Clear Backlog – Fitch

Nigeria Grappling With Forex Shortage to Clear Backlog – Fitch

Fitch announced Thursday that the Central Bank of Nigeria (CBN) is still grappling with a foreign exchange shortage needed to…
Cytonn Fails to Stop its 40-acre Land Takeover

Cytonn Fails to Stop its 40-acre Land Takeover

The High Court has granted permission to the Official Receiver to assume control of a 40-acre land in Ruiru, Kiambu…
China’s Total Export, Import Value Generally Stable in 2023: Official

China’s Total Export, Import Value Generally Stable in 2023: Official

China’s total import and export value had remained stable in general with an improving trading structure in 2023, said an…
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