(NAIROBI, KENYA) – The termination of major non-governmental organisation contracts by the United States government cut Kenya’s cash outflows by KES 25.3 billion ($196 million / £146 million) last year, according to new Central Bank of Kenya data. Money sent from Kenya to individuals and households abroad through licensed remittanceContinue Reading
(NAIROBI, KENYA) – Kenya received more diaspora cash from Tanzania than from Saudi Arabia in August for the first time, as new foreign worker rules in the Gulf kingdom cut earnings and transfers from one of Kenya’s biggest remittance markets. Cash sent home from Tanzania reached a record $11.72 millionContinue Reading
(NAIROBI, KENYA) – Kenya could attract up to $600 million (KES 77.5 billion / GBP 474 million) in new investments from American companies over the next year, as US firms deepen their interest in the country as a gateway to the East African market. The investment pledges were announced duringContinue Reading
(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
