Nairobi, Kenya | Xinhua | The Kenyan shilling hit the lowest level ever against the U.S. dollar this week as the East African nation grapples with a dollar shortage crisis, the Central Bank of Kenya said in its update of the financial markets released Friday. The shilling traded at an average of …
Read More »Kenya moves to stop powdered milk imports
Nairobi, Kenya | THE INDEPENDENT | Uganda’s milk export figures are likely to suffer a new dent after Kenya suspended imports of powdered milk. In a notice dated March 6 to all milk importers in Kenya, the Kenya Dairy Board, KDB, said it was moving to protect local farmers from …
Read More »UN Secretary-General urges M23 rebels to respect ceasefire
Beni, DRC | XINHUA & URN | UN Secretary-General Antonio Guterres urged the M23 rebel group to respect the latest ceasefire in the eastern Democratic Republic of the Congo (DRC), a UN spokesman said. Stephane Dujarric, the chief spokesman for Guterres, said the secretary-general urged the M23 to respect the ceasefire …
Read More »Kenya’s former Absa CEO Jeremy Awori assumes office at Ecobank Group
Kampala, Uganda | THE INDEPENDENT & AGENCIES | Jeremy Awori, Kenya’s seasoned banker, has officially joined Ecobank as its new Chief Executive Officer (CEO), a few months after exiting Absa Bank Kenya. Awori was appointed Pan-African lender CEO in September of last year, succeeding Ade Ayeyemi, who retired. He joins from …
Read More »Kenya marks World Wildlife Day with call to protect endangered species
Nairobi, Kenya | Xinhua | Kenya marked World Wildlife Day Friday with officials reiterating their commitment to enhancing the protection of iconic species suffering from multiple threats. Peninah Malonza, the cabinet secretary in the Ministry of Tourism, Wildlife and Heritage, said the government will invest in innovative community-based conservation models to halt …
Read More »Karamoja leaders welcome disarmament exercise in Kenya
Moroto, Uganda | THE INDEPENDENT | Leaders in the Karamoja sub-region have welcomed the launch of disarmament operations against illegal guns among the Turkana and Pokot communities in Kenya. Currently, the Turkana warriors are voluntarily handing over their guns to the government during the ongoing disarmament exercise in Kenya. The leaders …
Read More »Kenya imports medical tech to transform cancer treatment
The non-intrusive machine can treat several cancerous and non-cancerous tumours, saving many patients the costs of travelling abroad to seek its services Nairobi, Kenya | BIRD AGENCY | In 2018, Edith Karaini’s husband visited the hospital for what he thought was a minor consultation. “He had been complaining of sharp …
Read More »Kenya goes for local currency syndicated bonds to check public debt
Nairobi, Kenya | Xinhua | Kenya’s National Treasury said Wednesday that it intends to issue syndicated bonds in local currency in the financial year 2023/2024 as it explores new ways to raise money to finance the country’s 3.6 trillion shillings (about 28.56 billion U.S. dollars) budget. The Treasury said in its …
Read More »Kenya, Uganda start talks to create one-stop border post in bandit-prone area
Nairobi, Kenya | Xinhua | Kenya and Uganda have initiated talks for the opening of a One-Stop Border Post in Lokiriama in northwest Kenya to boost trade and open up the far-flung area, the Interior Ministry said Monday evening. Kenya’s Interior Principal Secretary Raymond Omollo said the border post would enhance …
Read More »M-PESA eyes global remittances market’s multi-trillion dollar surge
African mobile money M-PESA giant is looking to replicate its African success in new markets as the global demand for seamless, fast and affordable remittance services heats up. Nairobi, Kenya | BIRD AGENCY | With global remittances set to reach US$5.4 trillion by 2030, according to a specialised UN agency, African …
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