Tea farmers selling their produce to KTDA-managed factories recorded improved earnings in the July to mid-October period as volumes sold increased. Average prices for teas from KTDA-managed factories increased to …
EAST AFRICA
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AviationBusinessEastern AfricaUncategorized
South African Airways Returns its Operations in Kenya After 2-Year Break
South African Airways (SAA) has resumed its operations in Kenya after shutting down for the last two years. The South-African national carrier has opened a new booking office in Yaya …
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BusinessEastern AfricaINVESTMENTSafaricom
Safaricom value dips under Sh1trn on foreign investors after US rate hikes
The value of Safaricom at the Nairobi bourse has dipped below the Sh1 trillion mark on foreign investors’ flight in the wake of rate hikes in the US. The telco …
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AgricultureBusinessEastern AfricaEconomy
Government Lifts Ban on cultivation and importation of white GMO Maize in Kenya
The government has lifted the ban on Genetically Modified Crops following a Cabinet meeting chaired by President William Ruto. Consequently, the Cabinet approved the cultivation and importation of White GMO …
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Banking, Finance & InvestmentBusinessEastern AfricaEconomyUncategorized
Ruto seeks deal with Safaricom to disburse cheaper loans to small traders
President William Ruto is seeking a deal with fintechs such as Safaricom to disburse cheaper loans to small traders at single-digit interest rates. The planned partnership will see the State …
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BusinessEastern AfricaEconomyMarkets
KEBS Reassures Kenyans that Edible Oils And Fats In The Market Are Safe for consumption
The Kenya Bureau of Standards (KEBS) has assured Kenyans that the edible oils and fats in the market are safe for use except for specific batches it had listed on …
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Banking, Finance & InvestmentEastern AfricaEconomy
CBK under pressure from Wealthy investors and financiers to increase the cost of government borrowing rates
Wealthy investors and financiers like banks and pension schemes are putting pressure on the Central Bank of Kenya (CBK) to increase the cost of government borrowing as global hikes in …
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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 USD2.25(Sh271.35) up from USD2.24(Sh270.14) last …
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Eastern AfricaEconomyEducation
Haco Partners With University of Nairobi To Offer Industrial attachment opportunities to their student
Haco Industries has signed a Memorandum of Understanding with the University of Nairobi (UoN) Department of Chemistry that will see students from the varsity get industry training. The university will …
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BusinessEastern AfricaEconomyManufacturing & Consumer GoodsUncategorized
East African Portland Cement commences work After Kiln Upgrade
Cement manufacturer East African Portland Cement PLC has resumed manufacturing at its Athi River plant after the replacement of a faulty kiln shell that had caused frequent downtimes in the …