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39 lorries carrying ‘unsafe’ maize from Uganda seized in Busia
By Citizen Reporter,
1906, April 13, 2021 (EAT)
39 lorries that are said to have been ferrying 'unsafe' maize into Kenya from Uganda have been seized at the Busia border. Also Read: Gov’t allay...
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Total, CNOOC reach final agreements on Uganda, Tanzania projects
By Reuters,
2105, April 12, 2021 (EAT)
French major Total said on Monday and its partners have concluded final agreements to launch the Lake Albert resources development project in Uganda a...
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Uganda, Tanzania, oil firms sign accords to build Ksh.375B pipeline
By Reuters,
812, April 12, 2021 (EAT)
Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion (Ksh. 375.5billion) ...
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Uhuru calls for more trade and investment deals among OACPS countries
By PSCU,
904, April 9, 2021 (EAT)
President Uhuru Kenyatta has called for more trade and investment deals among member countries of the Organization of African, Caribbean and Pacific S...
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Mastercard to invest Ksh.10.8B in Airtel Africa’s mobile money unit
By Agencies,
1208, April 2, 2021 (EAT)
Mastercard Inc will invest $100 million in Airtel Africa’s mobile money operations valuing the business at $2.65 billion (Ksh.10.85billion), the Lon...
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Treasury says no risk of China taking over Mombasa port
By Faizal Ahmed,
849, March 16, 2021 (EAT)
The National Treasury says the port of Mombasa is under no risk of being taken over by China. In a statement, Treasury CS Ukur Yatani says Kenya co...
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Auditor General flags Kenya Power’s purchase deals as lopsided
By Kepha Muiruri,
844, March 11, 2021 (EAT)
The Auditor General has flagged Kenya Power’s existing power purchase agreements (PPAs) attributing their calibration for the utility firm losses. ...
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EU in Ksh. 15.8B deal with Equity Bank to support Kenyan business
By Citizen Reporter,
826, March 4, 2021 (EAT)
The European Union and the European Investment Bank, working together as Team Europe, are providing €120 million (Ksh. 15.8 billion) of new support ...
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Kenya’s economic partnership deal with U.K. under sharp scrutiny
By Kepha Muiruri,
1456, March 3, 2021 (EAT)
Kenya’s recently concluded economic partnership agreement with the United Kingdom has come under sharp scrutiny with observers warning of a backdoor...
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Kenya’s digital taxi drivers seek worker benefits after landmark U.K. ruling
By Kepha Muiruri,
1513, February 22, 2021 (EAT)
Digital taxi drivers in Kenya are seeking worker benefits following a landmark ruling relating to the treatment of the drivers by companies in the U.K...
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Housing Finance secures Ksh.1B from shareholder Britam
By Kepha Muiruri,
1455, January 20, 2021 (EAT)
Lender Housing Finance has received Ksh.1 billion in new funding from on of its major shareholders in Britam Holdings. The tier II capital injectio...
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Kenya gears for third round talks on US trade deal
By Kepha Muiruri,
1725, January 18, 2021 (EAT)
Kenya is gearing for a third round talks with the United States on the proposed free trade agreement (FTA). Trade and Industrialization Cabinet Sec...
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Shilling hits near two-month high against the dollar
By Kepha Muiruri,
1254, December 23, 2020 (EAT)
The Kenya shilling has rallied against the US dollar hitting a near two-month high in early trading on Wednesday. The local unit was for instance q...
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Kenya insulates critical industries in UK trade deal
By Kepha Muiruri,
1608, November 18, 2020 (EAT)
Kenya has moved to insulate its nascent industries under its new trade deal with the United Kingdom (UK) ahead of the agreement's ratification. In ...
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Tuskys earns reprieve as court moots sporadic auctions
By Kepha Muiruri,
1011, October 22, 2020 (EAT)
Besieged retailer Tuskys has earned reprieve from High Court’s commercial and admiralty court following a ruling stopping sporadic auctions by its a...
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Kenya’s financial markets attractiveness drops to 7th spot in Africa- Report
By Kepha Muiruri,
1006, October 15, 2020 (EAT)
The attractiveness of Kenya’s financial markets on the continent has slumped to position seven from three according to a just released report. Ac...
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Civil groups seek to quash Kenya’s tax agreements with 10 ‘tax havens’
By Kepha Muiruri,
1511, September 24, 2020 (EAT)
Two civil society organizations- the Tax Justice Network Africa (TJNA) and the Katiba Institute (KI) have moved to court in a bid to stop the implemen...
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South Africa’s Shoprite to quit Kenya
By Reuters,
1718, September 8, 2020 (EAT)
South Africa’s Shoprite Holdings plans to sell or close its remaining two stores in Kenya by the end of December, leaving the East African country t...
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CBK dollar reserves fall as Kenya shilling swings back against U.S. currency
By Kepha Muiruri,
1202, August 22, 2020 (EAT)
The Central Bank Kenya (CBK) dollar reserves declined by Ksh.8 billion in the week as the shilling swung back against the U.S. dollar from a historica...
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Kenya shilling falls to a new record low
By Kepha Muiruri,
1717, August 19, 2020 (EAT)
The Kenya shilling touched a new low in Wednesday’s trading session against the U.S. dollar as the local unit now sees new bouts of volatility. T...
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