Author: Ibrahim Omar

Power generation jumps 5.4 per cent in January on high demand Feb 11, 2024

The country’s more than a dozen power producers generated 1.165 billion units of electricity last month.

Kenya’s exports decline by 2.2 percent in 2023 Feb 11, 2024

This is the first time that Kenya’s exports have declined in four years.

Mobile money transactions hit record 213 million in December Feb 11, 2024

The value of money that was transacted in these deals went up to Sh788.35 billion in December, up from Sh707.55 billion in the previous month.

Kenya Power eyes debt collectors to collect Sh35.69B defaulted bills Feb 10, 2024

Government ministries, departments, and agencies (MDAs) and county governments are the main defaulters on power bills.

Boom for dairy farmers as milk purchases by factories hit record high Feb 09, 2024

Milk purchases by processors remained at a high level throughout last year due to increased production by dairy farmers.

Onion prices increase by 51.4 per cent on reduced imports from Tanzania Feb 09, 2024

Onion prices have remained elevated over the past year due to a local shortage of the vegetable.

State eyes Sh1 trillion from Kenyans in diaspora in 3 years Feb 09, 2024

Diaspora remittances have grown rapidly in recent years to become the country’s main source of foreign exchange, surpassing domestic exports such as t...

Tourist arrivals in Kenya jump 30.7 per cent in 2023 Feb 08, 2024

Kenya received 1. 541 million tourists in 2022, according to the Kenya National Bureau of Statistics (KNBS), meaning the arrivals in 2023 hit 2.003 mi...

Up to 40 per cent of phones in Kenya are fake - CA report Feb 08, 2024

These knockoffs are often cheaper than genuine phones which makes them especially attractive to cost-conscious buyers.

Green gold: Kenya reaps Sh50.9bn from fresh vegetables in 12 months Feb 07, 2024

Despite increased earnings from horticulture exports, the government says the sector still faces some challenges.

North Eastern third highest electricity consumer in Kenya Feb 07, 2024

The region’s consumption is the third highest in the country, following Nairobi, which has the highest at 4,346GWh, or 45.5 per cent of the total sold...

Private businesses borrowed Sh477 billion in 2023 Feb 07, 2024

The total outstanding loans that banks have disbursed to the private sector grew from Sh3.43 trillion in December 2022 to Sh3.91 trillion in December...

Kenya imports drop 10.6 percent in 2023 amid tough economic times Feb 07, 2024

The significant decrease in imports marks a major reversal from 2022 when imports went up by 7.3 percent which was driven by high demand.

Motorists risk Sh30,000 daily parking fine in new KeNHA proposal Feb 06, 2024

The licensing and establishment of roadside stations is one of the strategies by KeNHA to diversify its revenue streams.

Kenyan firms hire workers for first time in five months -report Feb 05, 2024

There renewed increase in the hiring of new workers by private firms was due to the improved economic conditions.

Boost for SGR cargo transport as Kenya receives 50 new wagons Feb 05, 2024

This is the first time new wagons have been added since the launch of the SGR in May 2017.

Nairobi rent prices up 2.5 per cent in three months Feb 05, 2024

Upperhill recorded the fastest increase in apartment rent prices at 5.5 per cent, followed by Parklands which grew by 5 per cent.

Expect cheaper power, KenGen says as water dams fill Feb 05, 2024

Masinga, Kamburu, Gitaru, Kindaruma, and Kiambere dams have filled up sufficiently, enabling the generation of more hydropower.

Land prices in Nairobi's suburbs grow at fastest rate in 8 years Feb 05, 2024

Land prices in these suburbs increased by 3.3 per cent between October and December 2023.

AU Peace Fund nets Sh61bn in 2023 for security operations Feb 04, 2024

Funding from the kitty has been key in sustaining the operations of security operations in countries facing security challenges.

Kenya's sugar imports jump to 8-month high Feb 04, 2024

The last time Kenya imported as much sugar was in March 2023, when imports of the sweetener hit 93,880 tonnes.

Number of ATMs falls to 11-year low as digital banking takes over Feb 04, 2024

CBK last year granted Safaricom, Telkom and Airtel approvals to increase the daily money transaction and account limits.

Kenya hit by over 70,000 web app attacks in 3 months Feb 03, 2024

The web application attacks were targeted at systems regarded as holding sensitive data, such as user credentials used to authenticate systems, financ...

Kenya receives Sh190 million equipment to fight aflatoxins Feb 02, 2024

The aflatoxin decontamination plants have been installed at NCPB’s depots in Bungoma and Nairobi.

Nairobi collects Sh3.81 billion in revenue in six months Feb 02, 2024

This is an increase from the Sh2.73 billion that the county collected during the same period in the previous financial year.

Kenya to receive first South Africa goods under new trade deal Feb 01, 2024

Refrigerators, paperboard and steel products are some of the goods that Kenya is set to receive from South Africa for the first time under the African...

Ethiopia's wealth to grow at 5th fastest rate in BRICS Jan 31, 2024

Ethiopia’s wealth will grow 75 per cent between 2023 and 2024, according to the inaugural BRICS Wealth Report released Wednesday by London-based inves...

Ramaphosa flags off South Africa's first shipment under AfCFTA Jan 31, 2024

The move makes South Africa the latest country to start trading under AfCFTA, a deal that seeks to create a single market for the continent’s 1.3 bill...

M-Pesa users in Ethiopia hit 3.1 million four months after launch Jan 30, 2024

The increased M-Pesa usage earned Safaricom Ethiopia Sh44.9 million in revenue in the period between mid-August and the end of December.

Aid flows to Kenya to drop further as focus shifts to poorer countries Jan 30, 2024

The IPF says this decline in development aid to Kenya is set to continue because rich countries are diverting their attention to countries considered...