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KenGen to drill geothermal wells in Tanzania

Nairobi, Feb. 21 -- Listed electricity generating company KenGen will soon sign a contract to drill three explorative wells in Tanzania, as the neighbouring nation seeks to plug into geothermal energy... Read More


Why Kenya is experiencing hot weather

Nairobi, Feb. 21 -- A five-day weather forecast issued by the Kenya Meteorological Department shows that most parts of the country are experiencing dry spells characterised by searing temperatures. I... Read More


Fresh pain for consumers as Kenya triples fuel levy

Nairobi, Feb. 21 -- The Kenyan government has raided the pockets of fuel consumers once again after it tripled the tax payable to the Energy and Petroleum Regulatory Authority (Epra) for every litre o... Read More


Kenya Eurobond yields fall as investor jitters recede

Nairobi, Feb. 21 -- Yields on Kenyan Eurobonds have fallen into the single digits territory as investor jitters wear off following the partial payment of the Ksh285.6 billion ($2 billion) debut Eurobo... Read More


Kenya's public debt surges past $76bn on weak shilling

Nairobi, Feb. 20 -- Kenya's public debt shot up by Ksh1.93 trillion ($13.3 billion) in the year ended December 2023, raising the country's indebtedness to a new high of Ksh11.14 trillion ($76.83 billi... Read More


Frank Mwiti named NSE's new CEO, succeeds Geoffrey Odundo

Nairobi, Feb. 20 -- The Nairobi Securities Exchange (NSE) has picked Frank Mwiti as the new chief executive effective May 2, to replace outgoing CEO Geoffrey Odundo, who exits on March 1. To manage t... Read More


Why Kenya is second-hand clothes dumping ground

Nairobi, Feb. 16 -- The Netherlands has said most of its second-hand clothes exported to Kenya are of very low quality, identifying the country as a disposal destination. In a new report dubbed Desti... Read More


Boost for Kenya tea exporters as Tanzania lifts imports ban

Nairobi, Feb. 16 -- Tanzania has reversed its decision to suspend imports of tea, presenting a window for Kenyan traders to resume exports to the neighbouring country. In a memo on Wednesday, the Tea... Read More


Mombasa port cargo rebounds amid Dar es Salaam threat

Nairobi, Feb. 16 -- The volume of cargo handled through the Mombasa port recovered last year to grow 6.23 percent on the back of the State's renewed push to improve efficiency amid looming threat from... Read More


Moody's sounds warning on Kenyan banks' defaults

Nairobi, Feb. 15 -- Global ratings agency Moody's has changed its outlook on the Kenyan banks to negative from stable, citing concerns about high volumes of non-performing loans despite solid profitab... Read More