economy

economy

KAM Advocates for Easier Business and Faster Integration

KAM Advocates for Easier Business and Faster Integration

Africa-Press - Kenya. Kenyan manufacturers can tap at least 55 per cent of the potential presented by the African Continental Free Trade Area (AfCFTA),...
BasiGo stands to benefit from Proparco’s Sh150bn EV fund

BasiGo stands to benefit from Proparco’s Sh150bn EV fund

Africa-Press - Kenya. Electric bus assembler BasiGo has received a major boost in Kenya after Proparco yesterday announced completion of an investment in the...
Global Stocks Slump

Global Stocks Slump

Africa-Press - Kenya. Global markets fell on Friday as fading expectations for a December interest rate cut by the US Federal Reserve and renewed...
Africa Pays ‘Scandalous’ Premium to Borrow, Top Bankers Say

Africa Pays ‘Scandalous’ Premium to Borrow, Top Bankers Say

Africa-Press - Kenya. The credit ratings of most African nations are much lower than similar sovereigns elsewhere in the world, costing them billions of...
Treasury Reforms Cut Central Bank Overdraft by 60 Percent

Treasury Reforms Cut Central Bank Overdraft by 60 Percent

Africa-Press - Kenya. The National Treasury has slashed its reliance on the expensive overdraft facility at the Central Bank of Kenya (CBK) by more...
Stima Sacco Pesalink Launches Instant Payments

Stima Sacco Pesalink Launches Instant Payments

Africa-Press - Kenya. Stima Sacco has partnered with Pesalink to launch Kenya’s fastest instant payment service for Sacco members, marking a major step in...
Employees Support Leasing Pyrethrum Processing Firm

Employees Support Leasing Pyrethrum Processing Firm

Africa-Press - Kenya. Agriculture Cabinet Secretary Mutahi Kagwe has revealed plans to lease the financially struggling Pyrethrum Processing Company of Kenya (PPCK) to private...
Car Importers Put on Notice as Deadline for 2018 Units Nears

Car Importers Put on Notice as Deadline for 2018 Units Nears

Africa-Press - Kenya. Dealers and individuals seeking to import 2018 second-hand cars have up to next week to secure shipment with a window of...
Uchumi CEO Lawrence Ngao in court over Sh135K chimney theft

Uchumi CEO Lawrence Ngao in court over Sh135K chimney theft

Africa-Press - Kenya. Uchumi director and CEO Lawrence Ngao is entangled in a court case where he is accused of stealing a chimney extractor...
Agriculture Stakeholders Advocate Tax Reforms to Treasury

Agriculture Stakeholders Advocate Tax Reforms to Treasury

Africa-Press - Kenya. Agriculture sector stakeholders have issued call for tax and regulatory reforms, warning that the current policy environment is undermining competitiveness and...