Tag Archives: Kenya

Nairobi, Kenya | Xinhua | Kenya has moved to diversify the currency composition of its external debt to curb its faster expansion as the local currency, the shilling, fast loses ground against major international currencies, according to the National Treasury. The shilling has declined nearly 8 percent against the dollar year-to-date, …

Nairobi, Kenya | GERALD ANDAE – BUSINESS DAILY | Kenya bought half of its imported sugar from Uganda in August, making Nairobi a leading destination for Kampala’s exports during the month. Data from the Sugar Directorate shows that Uganda exported 9,739 tonnes of sugar worth Sh1.3 billion, accounting for 56 percent …

Nairobi, Kenya | Xinhua |  Affected by foreign investors’ flight in the wake of rate hikes in the United States, the Nairobi Securities Exchange has returned to lows last seen at the peak of the COVID-19 pandemic in 2020, reported the Kenya-based newspaper Business Daily. The U.S. Federal Reserve benchmark …

Nairobi, Kenya | Xinhua | Kenya’s foreign exchange reserves declined by 12.5 billion shillings (about 103 million U.S. dollars) this week to hit a five-year low as the shilling fell to the lowest level in history against the dollar, the Central Bank of Kenya said in its weekly update of …

Kampala, Uganda | THE INDEPENDENT | The Leader of Opposition (LOP), Mathias Mpuuga says President Yoweri Museveni’s apology to Kenyans over the recent remarks by his son and the former Commander of the UPDF Land Forces, Gen. Muhoozi Kainerugaba falls short of punitive measures. “We acknowledge the apology by Gen. Yoweri Museveni …

✳ Explains demotion of Muhoozi from UPDF Command ✳ Justifies promotion of son to General in the army Entebbe, Uganda | THE INDEPENDENT | “Dear Ugandans, the brotherly people of Kenya, and all East Africans. I greet all of you. I ask our Kenyan brothers and sisters to forgive us …

Nairobi, Kenya | BIRD | Kenya’s Oscars Selection Committee has submitted the animated work, Terastorm, as the country’s pick for Best International Feature Film category at the 95th Academy Awards. The choice thrusts self-taught animator Andrew Kaggia into the limelight and cements animation’s place as a critical pillar of Kenyan …

Nairobi, Kenya | AMA – SAP NEWS | How do you bring consistency and improve decision-making at an organisation where more than 50 factories each operate on their own disparate systems with little to no integration? For one of the largest tea-producing organisations in the world, the answer rested in …

Nairobi, Kenya | Xinhua | A Kenyan lawyer who was facing witness interference charges at The Hague-based International Criminal Court (ICC) was found dead at his home on Monday evening, the police confirmed on Tuesday. The police said Paul Gicheru, 53, had been a person of interest in an ICC case …

Nairobi, Kenya | Xinhua | Kenyan President William Ruto on Tuesday named his nominees to the Cabinet to help steer the country after the Aug. 9 general elections. Ruto, who retained one serving cabinet secretary, appointed former deputy prime minister Musalia Mudavadi as the prime cabinet secretary, a newly created position. …