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Trade and Financial Services Round Up
Latest Article 13 Sep 2024
Trade and Financial Services Round-Up
Kenya Kenya’s imports from China surge to KSh258 billion amid SGR orders Kenya’s imports from China rebounded significantly in the past six months ending June 2024, marking the fastest growth in three years. Data from Kenya National Bureau of Statistics (KNBS) shows that spending on imports surged by 25.56% to Sh 257.70 billion, driven by […]...
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8 Sep 2024
Trade and Financial Services Round-Up
Kenya How ministries spent KSh 27 billion on lavish travel A new report by the Controller of Budget (COB) has exposed how ministries spent KSh 27 billion on foreign travel despite State House directiv...
30 Aug 2024
Trade and Financial Services Round Up
Kenya NSE banks’ deposits expense rises 54p as rate hits 1998 level Kenyan banks listed on the Nairobi Securities Exchange (NSE) paid depositors Sh117.1 billion in the six months ended June 2024...
23 Aug 2024
Trade and Financial Services Round Up
Kenya State reduces cut on sugarcane prices amid farmers’ boycott threats The State has now set the national average price of sugarcane delivered to millers at KSh5,000 per tonne for August, walking...
16 Aug 2024
Trade and Financial Services Round Up
Kenya Kenya’s new food tax risks trade spat with Tanzania A new food import levy imposed by Kenya’s crops regulator risks triggering a fresh standoff between Kenya and Tanzania amid protests b...
2 Aug 2024
Trade and Financial Services Round-Up
Kenya Centum buys UK fund’s 37.5% stake in Akiira Geothermal Centum Investment Company has bought out a UK renewable energy fund from Akiira Geothermal Limited, doubling its stake to 75% ...
25 Jul 2024
Trade and Financial Service Round-Up
Kenya 9 in 10 Kenyans Oppose Tax Hike on Petroleum Products – Survey A survey in which 2,400 Kenyans were interviewed found that only three out of 10 support raising tax revenues to reduce go...
18 Jul 2024
Trade and Financial Service Round-Up
Kenya Absa, Old Mutual launch new insurance for SMEs Absa Bank Kenya and Old Mutual Kenya have launched a joint insurance product targeted at Small and Medium Enterprises (SMEs). The prod...
12 Jul 2024
TRADE AND FINANCIAL SERVICES ROUND-UP
Kenya Nairobi slaps Uganda with fresh hurdle on fuel imports Kenya has thrown a fresh hurdle on Uganda’s direct fuel import scheme, doubling the bond fee for imported consignments destined fo...
23 Jun 2024
TRADE AND FINANCIAL SERVICE ROUND-UP
Kenya Interbank Borrowing Rates dip to 6-month low Interbank lending rates have fallen to a six-month low of 12.922 per cent on reforms initiated by the Central Bank of Kenya (CBK), which are expected...
19 May 2024
TRADE AND FINANCIAL SERVICES ROUND-UP.
Kenya Digital lenders reduce shaming after controls Harassment by digital lenders has been reduced by almost 75% courtesy of joint efforts by the Central Bank of Kenya (CBK) and the Digital Fin...
9 May 2024
Trade and Financial Services Round-Up.
Kenya SEZ companies get Sh1.9bn tax incentives in nine years Firms operating in Kenya’s special economic zones (SEZ) were exempted from paying Sh1.98 billion in taxes and other levies in th...
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