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Kenya third best in Africa for immigrants targeting top pay

Nairobi, April 24 -- Kenya is the third most preferred African country by immigrants seeking high income, according to a new report that showcases what draws foreign investors. The Henley Opportunity... Read More


Kenya second-hand clothes imports from China rise 86pc

Nairobi, April 23 -- The quantity of second-hand clothes imported from China, which is Kenya's main source of the popular low-cost used clothing, jumped by 86.2 per cent in the first quarter of this y... Read More


Construction is Kenya's top money laundering sector

Nairobi, April 21 -- More than half of private companies that have been reported for money laundering are in the construction sector, according to a government report that sheds fresh light on the pre... Read More


Kenya electric vehicles uptake goes up five-fold

Nairobi, April 14 -- The number of electric vehicles and motorcycles registered in Kenya increased more than five times last year as more corporations and individuals migrated to clean mobility. Data... Read More


Boost for farmers as tea auction prices jump 29pc

Nairobi, April 9 -- Tea farmers have been handed a boost as tea prices at the Mombasa auction hit $3.41 (Sh443) per kilogramme in February, which is a jump of 29.1 per cent compared to the price the g... Read More


Electric cars, motorbikes uptake jumps five-fold

Nairobi, April 9 -- The number of electric vehicles and motorcycles registered in Kenya increased by more than five times last year as more corporations and individuals migrated to clean mobility. Da... Read More


Tourist arrivals recover to levels before Covid-19

Nairobi, April 8 -- Some 182,000 tourists visited Kenya in January, which is the first time the arrivals have bounced back to the highs seen before the Covid-19 pandemic that hit in March 2020. This ... Read More


State defaults on pension remittance for six months

Nairobi, April 8 -- A cash crunch at the National Treasury saw the government skip remitting pensions for civil servants in the six months to December 2023. Controller of Budget Dr Margaret Nyakang'o... Read More


Kenya's commitment fees on external loans hit Sh834m

Nairobi, April 8 -- Commitment fees Kenya paid on untapped external loans hit Sh833.85 million in the six months to December 2023 driven by a weak shilling. This places the cost of commitment fees in... Read More


State paid Sh28bn in six months tocushion buyers from high oil prices

Nairobi, April 5 -- The government paid oil marketing companies Sh27.84 billion in the six months to December 2023 from the stabilisation kitty to cushion consumers from high prices, the Controller of... Read More