Economy

Tea prices at the weekly Mombasa auction rose slightly this week amid an increase in the volumes traded. At this week’s auction, a kilo averaged USD2.37(Sh287.24) up from USD2.33(Sh282.40) last …

Kenya plans to import an additional 6-million bags of fertilizer ahead of the long rainy season of March 2023. President William Ruto said his Government will import varieties of fertilizers …

Sales of new motor vehicles dropped marginally in the nine months ended September, with the slowdown linked to the economic uncertainty in the context of the recent General Election. Formal …

Maize prices have dropped drastically below KES 5,000 for a 90Kg (kilogramme) bag for the first time in months as farmers in Kenya’s food basket, Uasin Gishu, start harvesting the …

Banque Central Popularize (BCP), Morocco’s second-largest banking group, signed a partnership agreement with the European Investment Bank (EIB) today in Rabat, aiming to enhance the competitiveness of small and medium-sized …

Moroccan insurance provider Sanlam, formerly known as Saham, has said that “Morocco is a key market” for its pan-African operations. In June, Saham officially changed its name to Sanlam after its …

Kenya’s miraa exports to Somalia have earned the country Sh4 billion in three months since the resumption of sales of the stimulant to the Horn of Africa nation in July …

Electric vehicle manufacturer ROAM has unveiled its first mass transit electric bus targeting urban areas.  The bus, which comes with a 77-passengers sitting capacity, can cover up to 360 kilometers …

Retail-tech start-up Wasoko is not planning to relocate its headquarters from Nairobi for Zanzibar. The firm was responding to allegations that it was planning to move its operations to the …

Safaricom consortia will spend Sh36.3 billion ($300 million) annually in Safaricom Ethiopia. Safaricom Chief Executive Officer (CEO) Peter Ndegwa said the amount will be invested every year. This comes at …