Central bank chiefs commit to EAC 2031 currency deadline

Nairobi, March 27 -- The Governors of Central Banks in East Africa have agreed to fast-track the implementation of a common currency by 2031 after a set deadline of 2024 proved to be unviable. The 26... Read More

Truckers stare at Sh300m losses monthly from political protests

Nairobi, March 23 -- The weekly protests called by the opposition will cost truckers more than Sh300 million monthly on regional transport of goods, a move likely to hurt trade between Kenya and its l... Read More

Traders fail to secure maize imports over rising prices

Nairobi, March 23 -- Traders have failed to secure maize imports from the overseas market on the back of high international prices that have made it difficult to ship in the produce at the government-... Read More

How will low-price food reach Kenya households?

Nairobi, March 22 -- The government through the Kenya National Trading Corporation (KNTC) is importing a range of household foodstuffs under a Sh24 billion programme as it seeks to ease the pain of th... Read More

Cheap sugar imports from India, Madagascar cool prices

Nairobi, March 22 -- Cheap sugar imports from India and Madagascar have helped to ease the runaway price of the commodity in Kenya as traders avoided sourcing the sweetener from expensive markets. Da... Read More

Kakuzi to pay record Sh470m dividend on higher earnings

Nairobi, March 21 -- Agricultural firm Kakuzi is set to pay a record dividend of Sh24 per share or a total of Sh470.3 million for the year ended December, riding on strong sales and earnings growth. ... Read More

Kenyan tea still held in Karachi port despite letter of credit order

Nairobi, March 21 -- Kenyan tea is still held at the Karachi port even after Islamabad gave a directive to allow banks to give traders a letter of credit (LC) to free the commodity five days ago. The... Read More

Farmers face losses as disease, armyworm attack maize crops

Nairobi, March 21 -- Kenya is staring at losses of yields following the re-emergence of Maize Lethal Necrosis (MLN) and Fall Armyworm (FAW) that have previously affected maize production which will ad... Read More

Six marketers barred from coffee auction get admission

Nairobi, March 20 -- The six licensed marketers that were stopped from trading at the Nairobi Coffee Exchange (NCE) will start trading at the auction end of this month. The chairman of the National C... Read More

Sanlam eyes faster growth in Allianz joint venture deal

Nairobi, March 20 -- Insurance multinational Sanlam Limited intends to accelerate the growth of its African business through its joint venture with Allianz SE which will bring together their interests... Read More