(NAIROBI, KENYA) – Kenya’s KES 7.28 billion ($56.4 million / GBP 44.5 million) diplomatic property programme is facing persistent delays and cost overruns, with several missions abroad struggling to complete renovations, the Controller of Budget has said. According to the National Government Budget Implementation Review Report for FY2025-26, implementation ofContinue Reading
(NAIROBI, KENYA) – Kenya and the United States are seeking to deepen commercial ties, with a focus on expanding bilateral trade and attracting more private sector investment. Speaking while hosting a US Chamber of Commerce delegation in Nairobi, Foreign Affairs Principal Secretary Korir Sing’oei commended the US Congress for extendingContinue Reading
(NAIROBI, KENYA) – The United States has pledged to support Kenya’s minerals sector through local processing, skills transfer and community investment, as Nairobi pushes for a shift away from raw mineral exports and demands value addition from investors. The commitment comes amid a fresh confrontation with Tata Chemicals over itsContinue Reading
(NAIROBI, KENYA) – Kenya and the United States are reviewing a new government to government health financing model aimed at improving accountability and strengthening local ownership of health programmes. The transition is being assessed through high level talks between Kenyan health officials and an American delegation in Nairobi. Health CabinetContinue Reading
(NEW YORK, US) – Foreign investors sold KES4.55 billion ($27.9 million / £22.9 million) worth of shares on the Nairobi Securities Exchange in August, the largest monthly outflow in 10 months, as they moved to lock in profits from a sharp rally in blue chip stocks. Net sales by foreignContinue Reading
(NAIROBI, KENYA) – Kenyan apparel exporters secured a two year extension of duty free access to the United States market after Washington renewed the African Growth and Opportunity Act to 31st December, 2028. The extension keeps in place the third country fabric provision which allows Kenyan manufacturers to source rawContinue Reading
(NEW YORK, USA) – Oil prices rose slightly on Friday, 14 August, after the United States threatened an indefinite naval blockade of Iran. The move revived concerns about crude oil supplies. Brent crude futures gained 1 cent, or 0.1 percent, to 87.08 US dollars per barrel. West Texas Intermediate crudeContinue Reading
(SYDNEY, AUSTRALIA) – The Australian sharemarket closed lower on Thursday as falls in major companies including Commonwealth Bank, Rio Tinto and Telstra outweighed gains elsewhere. The S&P/ASX 200 lost 20.90 points, or 0.2%, to close at 9188.50. Six of the 11 industry sectors finished in the red. The index trimmedContinue Reading
(WASHINGTON, USA) – United States President Donald Trump is facing a lawsuit over the sale of early access to his posts on Truth Social. The case was filed by the media organisation The Intercept Media and the nonprofit group Freedom of the Press Foundation. Trump Media, the parent company ofContinue Reading
(WASHINGTON, USA) – The United States has produced the first batch of gold coins featuring President Donald Trump to mark the 250th anniversary of the country’s independence. The White House confirmed the minting of the commemorative coins. The coin is made of 24 karat gold. The front of the coinContinue Reading
