BUSINESS NEWS
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The Kenyan shilling demonstrated remarkable stability during the week of August 26 to August 30, 2024, maintaining a consistent exchange rate of 129.25 against the US dollar.
This steadiness is attributed to a balanced equilibrium between dollar demand and supply, coupled with strategic…
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Kenya has emerged as a premier investment destination in Africa, alongside South Africa, Nigeria, and Tunisia.
The 2024 Deloitte Africa Private Equity Confidence Survey (PECS) highlights Kenya's attractiveness, attributing it to recent policy reforms and regulatory adjustments. These changes have…
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The entry of Starlink, a satellite internet provider owned by Elon Musk's SpaceX, into the Kenyan market has sparked controversy and concern from Safaricom, Kenya's leading telecommunications company.
In a formal communication to the Communications Authority of Kenya (CAK), Safaricom has voiced…
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The Kenyan Shilling is poised to strengthen against the US Dollar in the coming week, driven by reduced foreign currency demand from fuel importers and manufacturers.
Industry experts anticipate a slight stabilization of the Shilling against the dollar as these sectors have curtailed their dollar…
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The recent controversy surrounding the potential sale of Kenya's primary airport has rapidly evolved from mere social media speculation to a noteworthy issue of elite capture.
What initially appeared to be a minor disagreement between the Ministry of Transport and the Kenya Airports Authority (KAA…
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The public transport sector in Kenya has issued an ultimatum to the government, threatening industrial action if the recently increased road maintenance levy is not rescinded.
The levy, which was raised from Sh18 to Sh25 per litre of petrol and diesel, has sparked outrage among various transport…
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The office of Deputy President Rigathi Gachagua faces significant budget cuts for the current fiscal year.
In the recent round of austerity measures by Ruto's regime, Gachagua's office endures a substantial reduction of Sh1.8 billion, primarily affecting travel and hospitality expenditures. The…
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American investors seeking opportunities in Kenya face the challenge of persistent demands for bribes from government officials.
This issue has come to light in the 2024 Biennial Report on the Implementation of the African Growth and Opportunity Act which highlights corruption as a major obstacle…
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Kenya and the United States recently signed a Sh127 billion technological deal to establish an advanced data centre in Olkaria.
This project, a collaboration between Microsoft and a UAE-based multinational company, aims to leverage renewable energy for technological advancements. However, the…
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Kenya is grappling with a renewed crisis of investor confidence following violent protests that forced the government to abandon proposed tax increases.
The demonstrations, which began in June against a finance bill and later broadened into wider anti-government protests, have significantly…
