In Nairobi, a litre of petrol will retail at KSh159.12; diesel at KSh140.0, and kerosene at KSh127.94.
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Somalia has agreed to lift a two-year ban on importing khat (miraa) from Kenya, according to the Agriculture CS Peter Munya. Munya on Friday disclosed that it would take a fortnight before the final paperwork is complete to enable the execution of the agreement. “While we are still doing the paperwork, this country is also negotiating for access to Kenya’s fresh fish market. All the negotiations are complete,” CS Munya said. https://www.youtube.com/watch?v=6XgdSBvM2eQ Kenya’s exports to Somalia are estimated at Ksh 13 billion according to government data released in May. Imports from Somalia were worth Ksh 106 million in 2021, the…
AMC BV is an Airtel Africa subsidiary and the holding company for several of Airtel Africa’s mobile money operations across 14 African countries, including Kenya, Uganda and Nigeria.
BioNTech, the German pharmaceutical company that teamed with Pfizer to develop the first widely used COVID-19 vaccine, says construction of an mRNA vaccine factory in Africa would start on June 23 in Rwanda. “The event will encompass the groundbreaking for BioNTech’s initial African mRNA manufacturing facility in Kigali, Rwanda, where the first BioNTainer modules are planned to be delivered by the end of 2022,” the company said in a statement. https://khusoko.com/2022/02/19/kenya-among-six-african-countries-to-receive-mrna-vaccine-technology/ We are on Telegram. Click here to join our channel and stay updated with the latest East African business news and updates.
National Treasury’s 18-year Infrastructure bond received bids valued at Ksh.76.4 billion and was oversubscribed at 101.8 percent, the Central Bank of Kenya reported on Wednesday. Treasury received Ksh.73.8 billion from the sale whose auction ended on Tuesday against a target of Ksh 75 billion. The weighted average rate of accepted yields stood at a high of 13.742 percent. The bond will be fully redeemed on 21st May 2040, with the first interest payment scheduled for 12th December 2023. “Notably, the CBK has in recent auctions been trying to manage th cost of borrowing by keeping. However, given the magnitude of…
Fibre Directorate says cotton production in Kenya declined by 59 percent year-on-year to 2,527 lint bales worth Ksh 82 million in 2021, a decline from 6,196 bales worth Ksh 1.76 million dollars in 2020. The Directorate noted that this was largely attributed to farmers lacking access to genetically modified Bacillus Thuringiensis (BT) seeds imported mainly from India. “Getting seeds was a major challenge during the period under review especially due to the fact that the Bt seeds have to be imported into the country from India, and undergo germination test before distribution. In most cases, the seeds reached the farmers…