Tag Archives: Kenya

NAIROBI, KENYA | Xinhua | The Kenyan shilling strengthened against major world currencies, hitting a nine-month high against the U.S. dollar Wednesday. The Central Bank of Kenya placed the shilling against the dollar at 138.8, its highest level since the currency started to decline in June last year. The shilling …

Kampala, Uganda | THE INDEPENDENT | Ugandan lawyer Hassan Male Mabirizi has sued the government of Kenya over the “illegal” removal of Peter Mathuki as Secretary General of the East African Community. Mabirizi’s suit against the Attorney General of Kenya and Dr Mathuki at the East African Court of Justice Reference …

Kampala, Uganda | THE INDEPENDENT | Lujja Bbosa Tabula, the suspected mastermind of the murder of Daniel Bbosa, the former head of the Ndiga could be hiding in Kenya, according to some leads from Police Crime Intelligence. Bbosa, also the proprietor of Transa Electrical Company Limited, was shot dead last month inside …

Dr. Peter Mathuki is  facing impeachment over the alleged misappropriation of funds at the secretariat Nairobi, Kenya | AGENCIES | The East African Community (EAC) Secretary-General Dr. Peter Mathuki has been nominated by Kenya’s President Wiliam Ruto as the country’s ambassador to Russia. The nomination comes at a time when Dr …

Kampala, Uganda | THE INDEPENDENT & AGENCIES | Kenyan tea industry export earnings surged by 31% to a historic high in 2023, buoyed by an increase in export volumes and a depreciating local currency. The Tea Board of Kenya said that the sector’s earnings reached US$1.22 billion, up from US$940 million …

NAIROBI | Xinhua | Kenya’s tourism marketing agency announced on Saturday that it has partnered with Africa’s 100 meters record holder, Ferdinand Omanyala, to market the country during next week’s ITB Berlin expo. The Kenya Tourism Board (KTB) said that involving the Kenyan sprinter, Omanyala, will enhance KTB’s efforts in …

NAIROBI, KENYA | Xinhua | The inaugural Africa’s Green Games Summit opened in Nairobi, the Kenyan capital, Saturday to help showcase the power of creative works in galvanizing action against threats to planetary health. The two-day summit, which gathered players in the gaming industry and innovators, took place ahead of …

NAIROBI, KENYA | Xinhua | Bond trading at the Nairobi Securities Exchange (NSE) has hit a record high, boosted by foreign investors seeking to cash in as yields on the securities rise. NSE data released Thursday evening showed that the bond turnover has been on an upward trajectory since Monday …

NAIROBI, KENYA | Xinhua | Kenya said Wednesday it has commenced rolling out tax incentives for foreign investors who set up establishments worth more than 10 billion shillings (about 65.5 million U.S. dollars). Abubakar Hassan, the principal secretary in the Ministry of Investments, Trade and Industry, told a trade forum …

NAIROBI | Xinhua |  Kenya raised a record 240.9 billion shillings (about 1.55 billion U.S. dollars) in its first infrastructure bond offer this year, said the Central Bank of Kenya (CBK) Wednesday evening, underlining increased investor confidence in the country’s debt market. The East African nation on Jan. 25 floated …