Author: David Indeje

The Trade with Africa Business Summit has awarded the African Union Commissioner for Trade and Industry, Amb. Albert M. Muchanga, with the 2019 “Champion of Trade” Award for his leadership as a champion in forging unprecedented alliances and consensus among African Union (AU) member countries. “His leadership in driving the African Continental Free Trade Agreement (AfCFTA) to adoption has led to the creation of the world’s largest trade bloc. He is being recognized as a champion in forging unprecedented alliances and consensus among African Union (AU) member countries and staying the course even in the face of global skepticism,” said…

Twiga Foods, Kenya’s fresh produce distribution company, says it aims at improving agricultural best practices and ensure 100% product traceability and GLOBAL G.A.P. compliance from its contracted suppliers by March 2021. Twiga Foods’ Chief Executive Officer, Peter Njonjo said “Food safety is an important consideration in our mission to provide affordable, quality, and safe food to Kenya’s urban consumers, and reliable markets for farmers. This is the reason we are constantly reviewing our operating procedures, making strategic investments and striking strategic partnerships with institutions such as IFC to deliver and surpass global standards.” He was speaking on Monday after IFC,…

KSh263 Billion is in circulation according to the Central Bank of Kenya after announcing on Saturday that it will be withdrawing the old version of its 1,000 banknotes. On Monday, Dr. Patrick Njoroge, the CBK Governor said they will continue to release the New Generation Currency banknotes to all commercial banks and microfinance banks. “We’re ensuring that there is enough cash in all the bank branches.” https://twitter.com/CBKKenya/status/1135485387894403073 The Governor emphasised that the October 1 deadline is meant to give time for the withdrawal of the banknotes because we need to take care of our people. “We need to ensure Wanjiku…

Gospel singer Eunice Njeri was named Gospel Artist of the Year in 14th Annual Groove Awards held on Saturday in Westlands, Nairobi. She also won in the Praise and Worship Song of the Year. Jabidii, emerged as the biggest winner; bagging 5 awards:- Reggae/ Ragga Song of the Year, Teens Choice Song of the Year, Collabo of the Year, Dance Style/ Song of the Year and Song of the Year awards respectively. He had 11 nominations and scooped five awards. View this post on Instagram God is always faithful. Thank you once again fam, your support is what…

The old version of Kenya’s Ksh.1000 currency notes will be out of circulation by October 1 this year the Central Bank has announced aimed to fight counterfeit and illicit financial flows. Speaking when he unveiled the new legal tender at the Madaraka Day celebrations in Narok, CBK Governor Patrick Njoroge said the move is intended to fight counterfeit practices. “All the older Ksh.1000 series shall be withdrawn. All persons have until October 1, 2019, to exchange these notes, after which the older ones will cease to be legal tender,”  said Dr. Patrick Njoroge, the central bank governor while unveiling the…

The cost of living in Kenya eased slightly in May to 5.49% compared to 6.58% in April on account of favourable weather conditions which resulted in lower food prices. “The food and non-alcoholic drinks index decreased by 0.3% in May mainly due to favourable weather conditions which led to lower prices for some commodities,” the Kenya National Bureau of Statistics Director General Zachary Mwangi said in a statement on Friday. However,  housing, water, electricity, gas and other fuels index increased by 0.61 percentage points due to the higher cost of rent and cooking fuels. On Monday, the Central Bank of…