Author: David Indeje

Flutterwave is collaborating with PayPal allowing businesses in Africa to receive payments from over 377 million PayPal users all over the world. Flutterwave said the new arrangement will eliminate a barrier to cross-border commerce while involving 50 countries.  “By working with PayPal, we can further strengthen our commitment to our customers and service users as we will be enabling them to transact and expand their business operations to reach new markets. PayPal’s global reach is unrivalled and collaborating with them allows our customers to explore new markets where PayPal is embedded,” Flutterwave Founder and CEO Olugbenga ‘GB’ Agboola said Tuesday.…

The Cereal Millers Association (CMA) has raised the red flag on high levels of aflatoxin in maize being delivered to their premises higher than the allowable 10 ppb rate. According to CMA, the high aflatoxin levels in maize flour for both human and animal consumption pose a grave threat to the health and wellbeing of Kenyans. “As such the CMA continues to request the government agencies to encourage best practices for farmers, increase the use of Aflasafe to promote safe maize, increase testing at our cross border trade points, look at alternative uses of contaminated maize as well as have…

The economy of Kenya has suffered an estimated loss of Ksh 560 billion in revenue in 2020 due to the coronavirus pandemic. President Uhuru Kenyatta on Friday during a televised address that announced the extension of a nationwide overnight COVID-19 curfew for 60 days, revealed that the pandemic had greatly affected the economy. “Last year, fellow Kenyans, the Kenyan economy was projected to grow by 6.2%, but it only grew by 0.6% because of the COVID-19 pandemic,” Kenyatta said, adding that further, projections indicate that, despite the COVID plunge, our economy is likely to bounce back and grow 7 per…

Kenya’s foreign exchange reserves are now at the same level as the East African Community (EAC) criteria for import cover. The reserves have fallen by Ksh 27.8 billion (about 254 million U.S. dollars) since the start of March.  Currently, the forex stands at USD 7.4 bn (equivalent to 4.5-months of import cover), which is above the statutory requirement of maintaining at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover. In the reporting week, according to weekly data released by the Central Bank of Kenya, the reserves declined from 7.605 billion dollars at…

US fast-food chain operator KFC, has opened a new branch in Mombasa, along Nkuruma road. This is the first branch by KFC in the county to bring its total count to 24.  Kuku Foods East Africa Holdings, the owner of KFC franchises in East Africa says the new outlet occupies 220 square metres with a maximum seating capacity of 50 people. Mombasa hoye! ?? Tumewasili na matamu yaliyoje. Serving perfectly cooked chicken, ? that’s hotter than the weather ?…. Posted by KFC on Sunday, March 14, 2021 https://twitter.com/RashidFawz/status/1371439023256920064?s=20 In 2019, the Competition Authority of Kenya said the fast-food business is…

Petrol price in Kenya continues to surge with the recovery in crude oil prices, super petrol, diesel and kerosene shot by Ksh7.63, Ksh5.75 and Ksh5.41 per litre, respectively in the latest review by the Energy and Petroleum Regulatory Authority (EPRA). EPRA attributed the rise to the recovery in crude oil prices, which increased the cost of imported refined fuel, from $55.27 a barrel to $61.61 and low $17.64 in April last year.  “The changes in this month’s prices are as a consequence of the average landed cost of imported super petrol increasing by 14.97 per cent from $391.24 per cubic…