Kenya Shilling Hits All-time Low Against the Dollar

    Nearly half of the Kenya's external debt is denominated in foreign currencies. Debt repayments suspended by G2O and China due to the pandemic in the last fiscal year have resumed.

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    Hillary Clinton to visit Kenya and five other African nations

    WASHINGTON, USA US Secretary of State Hillary Clinton has embarked on a six-nation African tour, the State Department announced on Monday. In the...

    Got some coins? Trade them in for notes

    A walk to the leading supermarkets across the country, at the cashiers’ desks you will see posters written: “Trade coins for notes.” Supermarkets...

    Kenyan boxer punched out of Olympics

    LONDON SUMMER OLYMPICSKenyan flyweight boxer Benson Njangiru became the first casualty to wave goodbye to the ongoing London Olympics. Njangiru, 27 was shown the...

    Insurers Go Mobile to Tap New Markets

    Insurance companies have stepped up their drive to reach more uninsured Kenyans through the sale of insurance premiums using mobile phone service-enabled cash transfers. The...

    SA countries eye electricity transmission interconnector

    LUSAKA, Zambia: July 26 (Xinhua) -- Construction of an electricity transmission interconnector that will link four southern African nations is expected to...

    Economy scuffles affect Ramadhan table in Sudan

    KHARTOUM, Sudan: July 26 (Xinhua) -- The Ramadan fast-breaking table in Sudan this year reflects the country's economic situation, which is under unprecedented rise...

    StarTimes forces competitors to lower prices

    NAIROBI, Kenya: July 26 (Xinhua) -- The cost of pay TV services in Kenya has dropped considerably, becoming accessible to many Kenyans...

    Discounted gas price to grace Ramadhan

    National Oil has announced discounted price offering of its cooking gas and accessories during this holy season of Ramadhan.

    Gas refills of the SupaGas brand will now retail at Kshs. 2,420 and Kshs. 1,175 for the 13Kg and 6Kg respectively while a package consisting of a 13kg cylinder, gas, hose and regulator goes for Kshs. 7,490 in Nairobi.

    A complete 6kg cooking unit comprising of cylinder, gas, burner and grill is priced at Kshs. 5,740 in Nairobi. Prices for other regions of the country have also been adjusted accordingly.

    Cote d’Ivoire sets up Commercial Court to improve business environment

    ABIDJAN, Cote d'Ivoire: July 25 (Xinhua) -- A Commercial Court has been set up in Abidjan with a view of improving the business climate in Cote d'Ivoire, a judicial source told Xinhua on Tuesday. "It will be a special court that will offer appropriate solutions to the difficulties encountered by economic operators," the head of the new court Francois Koumoin said. "Investments can only prosper within an environment that protects them," he added while at the same time reiterating the importance of economic revival after the post-election crisis. Cote d'Ivoire is still trying to restore normality following the 2010-2011 post-election crisis that affected its economic sector.

    Nigerian oil marketers issue strike threat

    LAGOS, Nigeria: July 24 (Xinhua) -- Nigerian oil marketers on Tuesday threatened to shut down their operations within 48 hours if government failed to pay the subsidy claims to marketers.

    President of Depot and Petroleum Products Marketers Association of Nigeria (DAPPMA) Dapo Abiodun gave the ultimatum to reporters in Lagos, Nigeria's commercial hub.

    The government's failure to pay all verified and outstanding subsidy claims would lead to the members to suspend supply and distribution of petroleum products nationwide, Abiodun said.

    Government to set limits for road cargo at 28 tonnes

    NAIROBI, KenyaThe Kenyan government will soon put into place regulations that will see all container cargo over 28 tons to be carried by rail,...

    Kenya to sign 13 bilateral air service agreements in 2012

    NAIROBI, Kenya: July 24 (Xinhua) -- Kenya has identified 13 countries that it will negotiate for new air service agreements or review existing agreements by the end of the current financial year, a government official has.

    Ministry of Transport Acting Director of Air Transport Nicholas Bodo told journalists in Nairobi that the move will allow Kenya expands its aviation links with the rest of the world.

    "As part of government plans to expand international trade, it will negotiate or review air service agreements with 13 nations," Bodo said Tuesday during a Kenya Private Sector Alliance (KESPA) transport stakeholders forum.

    African economies defy global crisis to post strong recovery, new report shows

    NAIROBI, KenyaAfrica managed to sustain its economic recovery despite global recession which slowed down in early to mid this year, a survey of finance...

    Rebalancing the global economy

    COMMENTARY: MONETARY POLICYA joke popular in China in recent years tells of an old Chinese woman and an old American woman who meet in...

    7 journalists bag 7 CNN awards

    It was glitz and glamour as all 7 Kenyan journalists shortlisted for the CNN MultiChoice Awards bagged 7 awards in the galla event held...

    Safaricom in new call rate offer

    Safaricom has introduced a new promotion that will see customers talk more on its network and in return enjoy discounts of up to 75%...

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