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More on Trade and Financial Services Round Up
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...
30 Oct 2023
Trade and Financial Services Round-Up
Kenya Treasury cuts development, inflates budget by Sh187bn President William Ruto’s administration has cut development expenditure but increased its maiden budget by Sh187.3 billion i...
23 Oct 2023
Trade and Financial Services Round-Up
KENYA Foreign investors lower risk of Kenya defaulting on debt Overseas investors have lowered risk assessment on Kenya’s ability to repay its fast-rising external debts after the Central Bank of Ke...
16 Oct 2023
Trade and Financial Services Round-Up
KENYA CBK, investor standoff drives interest rates to 16-year high A standoff between investors and the Kenyan government over interest rates escalated this week after the sale of the Oc...
9 Oct 2023
Trade and Financial Services Round-Up
Kenya Emirati company gets majority stake in Telkom on Helios exit A United Arab Emirates (UAE)-based firm will take up a majority stake in Telkom Kenya from London’s Helios Investment Partners, mar...
3 Oct 2023
Trade and Financial Services Round-Up
KENYA Sugar Production Down 31% in Seven Months on Cane Shortage Output of sugar from local millers has dropped by nearly a third in seven months due to a shortage of cane, with the scarcity sh...
25 Sep 2023
Trade and Financial Services Round-Up
KENYA Shilling tipped to weaken further on low forex inflows Lower foreign exchange inflows and higher global interest rates are the key factors that will see the Kenyan shilling continue to lose grou...
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