Business
Central Bank of Nigeria Governor Expects Inflation to Moderate and Describes Naira as Undervalued
January 24, 2024
Central Bank of Nigeria Governor Expects Inflation to Moderate and Describes Naira as Undervalued
In his first public comments on the economy since November, Governor Olayemi Cardoso of the Central Bank of Nigeria described…
AfDB, UK Inject $2 Billion into KPLC for Climate Change Action
January 24, 2024
AfDB, UK Inject $2 Billion into KPLC for Climate Change Action
African Development Bank (AfDB) and the United Kingdom have announced that Kenya’s Transmission Network Improvement Project will benefit from the…
Government Allocates Over Ksh.700 Million on Kerio Valley Projects
January 24, 2024
Government Allocates Over Ksh.700 Million on Kerio Valley Projects
The Kenyan government has announced plans to invest more than Ksh.700 million in crucial projects within the Kerio Valley region.…
Twiga Foods, Incentro Africa Resolve Dispute, Renew Partnership
January 24, 2024
Twiga Foods, Incentro Africa Resolve Dispute, Renew Partnership
Twiga Foods and Incentro Africa have announced the renewal and strengthening of their partnership after successfully resolving a dispute. This…
Saudi Now Biggest Remittance Source to Kenya at 66% Outpacing U.S
January 24, 2024
Saudi Now Biggest Remittance Source to Kenya at 66% Outpacing U.S
Saudi Arabia has taken lead as the biggest contributor of remittances to Kenya, accounting for 66 percent of the rise…
Nigeria Opens Up Forex Market to Tackle Naira Crisis
January 24, 2024
Nigeria Opens Up Forex Market to Tackle Naira Crisis
The naira has been under pressure from low oil prices, dwindling foreign reserves, and a huge backlog of dollar demand…
Kitui Flour Mills Secures Approval for Acquisition of Rafiki Millers
January 23, 2024
Kitui Flour Mills Secures Approval for Acquisition of Rafiki Millers
Kitui Flour Mills has received the green light from the Competition Authority of Kenya (CAK) to fully acquire Rafiki Millers,…
More Pain for Motorists as EPRA Introduces Rates for Fuel Wastage
January 23, 2024
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
January 23, 2024
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
January 22, 2024
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…