Kenyan exports are expected to grow at an average annual rate of more than 7 per cent hitting Ksh 1.2 trillion (USD 10.2 billion) by 2030. As per Standard Chartered titled Future of Trade 2030: Trends and markets to watch, the growth of exports is being driven by the expansion of the manufacturing sector and strengthening of its regional trade relation. “It is focusing on developing the required infrastructure and investing in projects for railway, road, and port development,” part of the research reads. In addition, “Uganda and the USA will continue to be the leading export corridors for Kenya, accounting…
Author: David Indeje
David Indeje
David Indeje is the Community Engagement Editor at Khusoko, East Africa’s leading digital business news platform. He shapes editorial content, drives audience engagement, and amplifies diverse voices. Beyond journalism, he consults on digital strategy across agriculture, governance, technology, and health, while examining AI’s role in the future of media. He also serves as Communications Officer at KICTANet, advancing digital inclusion and policy dialogue.
Kenya’s rally driver McRae Kimathi and his compatriot Mwangi Kioni finished fourth scoring a WRC3 podium on his first-ever European rally. This was besides losing 17min stuck in a snowbank on Friday during FIA Junior World Rally Championship staged in Sweden. “It’s such a great feeling. I mean first time on snow and fourth overall is such an amazing feeling,” Kimathi said. ” I dedicate the achievement of this milestone to my country and my continent.” https://twitter.com/mcrae_kimathi/status/1497979470518665222?s=20&t=OZv1e9FUpcE-dDUWprVLyA “We are proud of you as you continue to go beyond and achieve great success,” Safaricom Tweeted, one of Kimathi’s sponsors. https://twitter.com/SafaricomPLC/status/1498194892593549312?s=20&t=pDVyL8ZY3_t3S32IqFBpkg “It…
Safaricom will pay an interim dividend of Ksh 25.64 Billion to shareholders for the current financial year ending March. The interim dividend is equivalent to KSh0.64 per share which will be paid on or about March 31 to shareholders on record as of March 17. For the year ended March 31 2021, Safaricom paid an interim dividend of KSh18 billion equivalent to KSh 0.45 per share. “The board of Safaricom is pleased to announce that at its meeting that was held on February 24, 2022, it was resolved to approve payment of an interim dividend of KSh0.64 per ordinary share…
Kenya received Ksh 38.5 billion in January as remittances with the United States being the biggest source, accounting for 63.6 per cent of these funds, according to the Central Bank data. The amount received represents a 21.7 per cent year over year growth in the diaspora remittances from Ksh.31.6 billion in January 2021 according to the CBK. However, the inflows were lower by 3.4 per cent compared to the USD 350.6 million in December 2021. The CBK said this was in line with seasonal factors in its Weekly Bulletin. In 2021, Kenyans abroad sent home Ksh 422 billion, an all-time…
Kenya’s National Treasury plans to raise Ksh 50 billion in March with the sale of reopened five-year (FXD1/2021/05), 15-year (FXD1/2020/15) and 25-year bonds (FXD1/2021/25) for budgetary support. The FXD1/2021/05 with 4.7 years maturity has a fixed interest rate or coupon of 11.277 per cent while FXD1/2020/15 with 12.9 years to redemption has a fixed rate of 12.756 per cent. The longest-dated FXD1/2021/25 with 24.2 years to maturity has a coupon of 13.924 per cent. Investors will need a minimum of KSh50,000 to bid for one of the bonds. The sale period closes on March 8. “The Central Bank will rediscount…
The National Payment’s vision will be anchored on five core principles: trust, security, usefulness, choice, and innovation.