Today is Sat, 17 May 2025
More on Tag: Trade
14 Aug 2023
Trade and Financial Services Round-Up
KENYA Shilling wipes out Sh13bn payout to foreign investors The sharp depreciation of the Kenyan shilling against the dollar has hit foreign-owned firms and investors with steep exchange losses on exp...
22 May 2023
TRADE AND FINANCIAL SERVICES ROUND-UP
Kenya Railway levy cuts save taxpayers Sh3.6 billion Taxpayers will save about Sh3.6 billion every year following the proposal to reduce Railway Development levies contained in the new Finance Bill. T...
15 May 2023
TRADE ROUNDUP
KENYA M-Pesa deepens share in Safaricom revenue as voice stutters The share of M-Pesa in Safaricom mobile service revenue has deepened to 41.5 percent as earnings from voice and text messaging came un...
26 Apr 2023
FINANCIAL SERVICES AND TRADE ROUND-UP
Kenya Rich investors to buy extra shares without CMA approval Investors will be free to buy stakes of up to 30 percent in listed companies without the approval of the Capital Markets Authority (CMA), ...
7 Apr 2023
Use of multiple bank accounts declines to 48pc
The number of Kenyans using multiple accounts fell further to 48.2 percent last year, down from 62 percent in 2021 as customers cut back on the costs associated with more banking relationships. A Keny...
7 Apr 2023
Oil prices set to surge after producers announce plans to cut production
Prices for petroleum products are set to go up after the major oil producers announced plans to cut their production up to 1.15 million barrels per day from May until the end of 2023. Saudi Arabia a...
31 Mar 2023
President Ruto saves Airtel Kenya, Amazon from forced stake sale
Kenya President Ruto saves Airtel Kenya, Amazon from forced stake sale Airtel Kenya has been saved from forcibly selling a third of its stake to local investors after US tech giant Amazon successfully...
24 Mar 2023
SRC raises President Ruto’s CASs pay to Sh780,000 in new review
Kenya SRC raises President Ruto’s CASs pay to Sh780,000 in new review The new chief administrative secretaries (CASs) will be earning more than principal secretaries after the Salaries and Remunerat...
17 Mar 2023
Taxpayers’ burden of keeping Kenya Kwanza CASs in office
Kenya Taxpayers’ burden of keeping Kenya Kwanza CASs in office Kenyan taxpayers will spend more than half a billion shillings annually on salaries and benefits for the 50 Chief Administrative Secret...
17 Mar 2023
Internet of Things in Kenya: Using GSM to provide business solutions
Telcos in Kenya have adopted Internet of Things (IoT) technology through a variety of projects. Airtel has launched the ‘Always On’ solution to allow devices anywhere to stay connected after launc...
17 Mar 2023
Dollar shortage, consequences and how Kenya can cut impact of the currency in future
Kenya has been facing a dollar shortage since March last year. This is an acute foreign exchange crunch, with the US dollar reserves dropping to their lowest in eight years. The Kenyan currency keeps ...
17 Mar 2023
Importation of cheap food by state firm is not without ripple effects
The Kenyan government announced that it will import large quantities of rice, cooking oil, sugar, wheat and beans duty-free through the Kenya National Trade Corporation (KNTC) as part of efforts to ...
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