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ECONOMY

Kenya is the biggest economy in East Africa and most watched in sub-Saharan Africa, being the regional business hub. BT brings you comprehensive coverage of the various economic sectors.

Final Touches For Ksh40 Billion Kipevu Oil Terminal As Uhuru Visits

President Uhuru Kenyatta is scheduled to inspect the progress of ongoing works at the new Kipevu Oil Terminal (KOT) on the January 6, 2022....

Equity Acquires Ksh18.6 Billion Loan From IFC For SME Lending

Equity Group has acquired a US$ 165 million (Ksh18.6 billion) loan from the International Finance Corporation (IFC) to help it increase working capital and...

Pain At The Kitchen As Prices Of Cooking Oil Shoot By...

The price of cooking oil increased by 47 percent between December 2020 and December 2021, according to the Kenya National Bureau of Statistics (KNBS). According...

British Companies’ Vote Of Confidence In UK-China Trade Relations

It is a story that is yet to be given the weight it deserves amid the political noises that oftentimes characterizes the discourse between...

Zenka Feted For Deepening Financial Inclusion

Zenka Finance has been recognized for making it easier for households and traders to access transformational short-term loans and deepening financial inclusion in the...

Kenya Lets in Ugandan Eggs, Chicken to Avert Trade Wár

The ban was introduced ostensibly to protect Kenyan farmers feeling the shocks of the Covid-19 pandemic. After a December 2021 cabinet meeting, however, Uganda announced its intention to list Kenyan agricultural products to be barred from entering their country.

FSD Africa Injects Ksh450 Million Into Kenya’s First Factoring Fintech

FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has announced a £3 million (Ksh449 million) investment into IMFact, an expanding fintech company...

Uhuru Commissions Mtongwe Facility to Build, Repair Ships

The shipyard includes a 4000-tonne slipway for shipbuilding activities including refitting of vessels operated by Kenya Navy, Govt agencies and private operators. KDF has since 2019 been involved in development of the shipyard located only a short distance away from the Port of Mombasa.

Taxman Rebrands: Why KRA is Changing its Name

Looking to shed off its association with harassment of business-owners and perceived over-taxation, the Francis Muthaura-led KRA board is keen on implementing the strategy in coming months.

Digital Solutions Tipped To Unlock The Full Value Of Diaspora Remittances

The fusion of finance and digital technology has powered one of the most exciting and rapid phases of development in Kenya and the world....