Kenya, East Africa’s largest recipient of remittances, received USD 3,718 million (Ksh.421.6 billion) in 2021 with the United States being the biggest source, accounting for over 63.2 per cent of these funds, according to the Central Bank. “The cumulative inflows in 2021 were a record of USD 3,718 million from USD 3,094 million in 2020, a 20.2 per cent increase,” the Central Bank said in its Weekly Bulletin. In December, the Central Bank says remittance inflows was an all-time record of USD 350.6 million, compared to USD 299.6 million in December 2020, a 17.0 per cent increase. “The inflows were…
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 Energy and Petroleum Regulatory Authority (EPRA) on Friday kept the prices of kerosene diesel and petrol unchanged across all towns between January 15, 2022, and February 14, 2022. Accordingly, diesel, petrol and kerosene prices in Nairobi will retail at KSh110.60, KSh129.72 and KSh103.54 respectively. Pump prices have stabilized over the last two months, thanks to the deployment of the ‘fuel stabilization fund’ as well as the relative softness of prices in the international market. EPRA said the average landed cost of imported super petrol in December declined by 4.11 per cent from USD 627.90 per cubic metre in November…
The Kenyan passport now ranks eighth in Africa and 71 globally on the Henley Passport Index, the London-based global citizenship and residence advisory firm, said. It released the rankings for the year 2022, based on exclusive data provided by the International Air Transport Association. In the report, the passport mobility score improved six places enabling Kenyans to visit without a visa or obtain it on arrival increasing to 72 from 64 in January 2021. Kenyan passport 8th most powerful in Africa In Africa, Kenya maintained eighth, a spot that is shared with Tanzania and behind Mauritius, Botswana, eSwatini, Lesotho, Malawi,…
Audit firm PKF Consulting Ltd has put up the sale of the entire Britania Foods Limited, Kenya’s food and beverage Company business to clear debts owed to its suppliers. In a notice published in the dailies, Peter Kahi, the Administrator of the company says the Biscuit manufacturing plant has leasehold plots comprising 3.28 acres. The plant has well-constructed factory buildings with its raw materials/ chemicals available locally. “Offers will be considered for the business as a whole as a going concern,” the notice said on the basis of sale. “Offers are invited by not later than Friday 28 January 2022.”…
PAPSS was piloted in Nigeria, the Gambia, Sierra Leone, Liberia, Ghana and Guinea.
Telkom Kenya has launched an app for its mobile money product, T-Kash, an easy-to-use application that will enable its customers to access a wider service offering on its digital financial services platform. The T-Kash App can be downloaded from the Google Play Store, the Huawei App Store, as well as the Apple Store, which is a strategic addition through which Telkom customers will access T-Kash. Customers currently access T-Kash via USSD code *160#. “The launch of the T-Kash App is the culmination of extensive research on evolving customer trends, anchored on the need for simplicity, security, availability, and diversified service…