(Nairobi, Kenya) – Kenya’s efforts to close its housing deficit face major hurdles ranging from expensive and inadequate financing to tax uncertainty, with the private sector calling for stronger collaboration with government to unlock investment in affordable homes. According to International Housing Solutions, a Pan African housing provider, delivering affordableContinue Reading
(Nairobi, Kenya) – Kenya is stepping up efforts to position itself as Africa’s leading digital trade hub as the continent accelerates implementation of the African Continental Free Trade Area Digital Trade Protocol. More than 200 policymakers, business leaders, investors, technology innovators and development partners are expected to attend the DigitalContinue Reading
(Nairobi, Kenya) – Kenyan roads could soon have dedicated lanes for cyclists and pedestrians after the National Assembly approved the Kenya Roads (Amendment) Bill, 2024, aimed at improving road safety for all users. The bill was passed on Thursday, August 13. It seeks to introduce legal provisions that require roadContinue Reading
(Nairobi, Kenya) – TVS Motor Company has entered the African electric mobility market with the launch of its premium electric scooter, the TVS iQube, in Nairobi. The entry into Kenya marks a significant milestone in the company’s international expansion strategy as urban commuters increasingly seek affordable, environmentally friendly transport solutionsContinue Reading
(Nairobi, Kenya) – The Nairobi Coffee Exchange recorded strong trading activity this week after 18,089 bags of coffee weighing 1.115 million kilogrammes were sold for KES 994 million during Sale 34, reflecting sustained demand for Kenyan coffee in the international market. The auction posted an average price of KES 44,503Continue Reading
(Murang’a, Kenya) – Potato prices in Murang’a County have risen sharply, with a kilogramme now retailing at KES 170, up from KES 100 two months ago, as higher fuel and transportation costs squeeze supplies and household budgets. A spot check at Mukuyu Market in Murang’a town on Wednesday established theContinue Reading
(Nairobi, Kenya) – Kenya’s government has stopped parking workers’ housing levy deductions in short term Treasury bills, a move that signals faster execution of affordable housing projects and improved use of funds. Housing Principal Secretary Charles Hinga said the Affordable Housing Fund currently has no money invested in Treasury bills,Continue Reading
(Nairobi, Kenya) – Diesel consumers in Kenya have been denied a KES 14 per litre price cut in the new fuel pricing cycle, which runs through September 14, after the State opted to transfer the relief to petrol and kerosene users. Diesel prices dropped by KES 5 to KES 217.86Continue Reading
(Nairobi, Kenya) – Kenya’s National Assembly has ordered an investigation into QVSE, an online platform offering investment opportunities to Kenyans by combining cryptocurrency payments with trading in United States stocks. Speaker Moses Wetang’ula directed the Finance and National Planning Committee to probe the activities of the platform, which operates underContinue Reading
(NAIROBI, KENYA) – Faulu Microfinance Bank has received an additional KES 1.2 billion capital injection from its parent company Old Mutual Group as the Kenyan lender prepares to launch a new core banking system and expand lending to small businesses. The investment is worth approximately $7.7 million or £6.1 millionContinue Reading
