Inflation rate to remain within the government’s set range of 2.5% – 7.5% Kenya’s consumer price index increased by 5.6% in January from 5.62 per cent in December, official data shows. Food inflation presently stands at 7.36% with the cost of commodities in the category rising by 1.3% from last month according to the Kenya National Bureau of Statistics (KNBS). In the month, the Food and Non-Alcoholic Drinks’ Index increased by 1.3% due to an increase in prices of cooking oil, white bread, and cabbages by 10.4%, 6.6%, and 3.4 %, respectively, among other food items. There was a surge…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
New MAF Carrefour app offers customers a convenient, quick, and flexible way to shop, anytime, anywhere MyCLUB members can transfer to the new app while continuing to enjoy the benefits of the loyalty programme Carrefour, owned and operated by Majid Al Futtaim in Kenya has launched an online sales platform MAF Carrefour app which enables a seamless buying experience for customers. Frank Moreau Country Manager of Carrefour Kenya at Majid Al Futtaim Retail in a statement says the introduction of the app also responds to the growing demand in the country for a more sophisticated online shopping platform. “At Carrefour,…
CDC Group, United kingdom’s impact investor and development finance institution (DFI) says it will invest over US$1 billion (KSh110 billion) in African businesses in 2021. The funds will be invested in financial institutions, infrastructure and climate, services, manufacturing, agriculture, real estate and technology. In 2020, CDC committed over $1 billion into Africa focusing on economic recovery from COVID-19. CDC announced the plans at the UK-Africa Investment Conference to expand its Africa portfolio with new investments in key markets including Egypt, Ethiopia, Kenya, Nigeria and other frontier markets in the continent. CDC has invested more than £2.7 billion in African businesses…
Kenya’s National Treasury says it has provided an additional Ksh 24.6 billion to the 47 county governments as part of the equitable share. This is an addition to the Ksh 120.2 billion from the Ksh 133 billion for the fiscal year 2020/21. Treasury says now Counties hold balances of Ksh 61.4 billion at the Central Bank of Kenya. “The total balances for the various county governments now held at CBK amount to KSh61.4 billion, and in this respect, we once again appeal to them to make full and timely use of these funds, as additional disbursements from the exchequer are…
Equity bank Kenya has secured a $50 million (Ksh 5.48 billion) loan guarantee from Dutch Development Bank FMO, for onward lending to micro-, small and medium-sized enterprises (MSMEs). This is the second NASIRA guarantee with the support of EU funding. Linda Broekhuizen, CEO of FMO said, “We are very happy to be able to support Equity Bank Kenya in weathering the COVID-19 storm. Funding for MSMEs is essential in lessening the impact of the pandemic on people’s livelihood and their communities. Together with the Capacity Development project we are confident small entrepreneurs will get much needed support.’’ The NASIRA loan…
The Kenya Airports Authority (KAA) has announced a Ksh.963 million rehabilitation project for the Jomo Kenyatta International Airport (JKIA) terminals 1B and 1C. The 12-month project is aimed at refurbishing the departure halls to improve the check-in, security screening, retail operations, and passenger lounge experiences. “The refurbishment and facelift of the terminals aim to align the passenger experiences to match what is offered at terminal 1A. The remodelling project is an integral part of the ongoing JKIA Customer Service Improvement Plan (CSIP),” said Acting KAA Managing Director Alex Gitari. The refurbishment is part of the JKIA expansion strategy which seeks to boost the capacity of…