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More on Trade and Financial Services Round Up
12 Apr 2024
TRADE AND FINANCIAL SERVICES ROUND UP.
Kenya Domestic borrowing up by Sh424bn The rate of State borrowing from the local market accelerated during the first nine months ended March, with fresh debt hitting Ksh424.7 billion compared to Ksh2...
5 Apr 2024
Trade and Financial Services Round-Up.
Kenya Sh75bn tax bill stalls M-Pesa split from Safaricom Safaricom is facing a Sh75 billion tax liability in the Central Bank of Kenya (CBK) push for the separation of M-Pesa from the telecoms busines...
28 Mar 2024
TRADE AND FINANCIAL SERVICES ROUND-UP.
KENYA Kenya ends oil import feud with Uganda Kenya will finally license the Uganda National Oil Company (Unoc), ending months of a major feud that spilled over to the regional court and hurt diplomati...
22 Mar 2024
TRADE AND FINANCIAL SERVICES ROUND-UP.
Kenya Kenya’s coffee exports nearly doubled in January on demand Kenyan coffee exports nearly doubled to 2,685 tonnes in January on demand for the larger quantities of quality crops from the main Oc...
15 Mar 2024
Trade and Financial Services Round-Up.
Kenya New levy lined up for State contractors The Treasury has introduced a new levy on contractors making supplies to both national and county governments, a shift likely to raise the cost of public ...
9 Mar 2024
Trade and Financial Services Round-Up.
Kenya State risks losing Sh60m in cheap gas project. The project, which resumed in 2022 after stalling for years, is meant to wean poor households from the use of dirty wood fuel by providing them wit...
2 Feb 2024
Trade and Financial Services Round-Up.
KENYA UK and Kenya in fierce tax fight The United Kingdom has made an official complaint over the higher import duty Kenya charged on some of its products, a senior government official has revealed. I...
26 Jan 2024
TRADE ROUND-UP
KENYA Kenya in tight spot as EAC, European trade deals clash Kenya’s recently completed trade deals have run into stormy waters after Nairobi applied higher import duties on whiskies and wines from ...
20 Jan 2024
Trade and Financial Services Round-Up
KENYA Shilling falls to a new low of Sh160 to the dollar The shilling’s official exchange rate has hit Sh160.23 to the dollar, extending its record decline against the US currency on the back of pre...
12 Jan 2024
Trade Round-Up
Kenya State assures coffee farmers of Ksh.80 per kilo in new sector reforms Co-operatives and MSMEs Cabinet Secretary Simon Chelugui on Tuesday launched the Coffee Cherry Advance Fund, which could see...
25 Nov 2023
TRADE AND FINANCIAL SERVICES ROUND-UP
Kenya Sugar factories roar to life again on December 1 Sugar millers are set to be re-opened on December 1 more than four months after they were ordered shut after most were accused of harvesting imma...
14 Nov 2023
Trade and Financial Services Round-Up
KENYA Kenya declines Uganda’s request to use oil pipeline An application by Uganda to use Kenya’s pipeline to transport its fuel was in September turned down by Kenya on concerns that the m...
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