Author: Korir Issa

Fuel prices in Kenya have been revised downwards by the Energy and Petroleum Regulatory Authority (Epra) for the June/July 2024 cycle. “In the period under review, the maximum allowed petroleum pump price for Super Petrol, Diesel and Kerosene decreases by Ksh3.00, Ksh6.08 and Ksh5.71 per litre respectively.” This is the second consecutive month with falling prices. Super Petrol: Down KES 3.00 to KES 189.84 per litre (1.56% decrease from May’s KES 192.84). Diesel: Down KES 6.08 to KES 173.10 per litre (3.39% decrease from May’s KES 179.18). Kerosene: Down KES 5.71 to KES 163.05 per litre (3.38% decrease from May’s…

X has rolled out a site update that makes user likes private. This means other users won’t be able to see who “liked” a particular post, although users themselves can still see their own liked content and who liked their posts. The news became public through a post by Elon Musk on Wednesday morning, coinciding with the update’s release. He quoted an explanation from X’s engineering account posted on Tuesday, stating, “Important change: your likes are now private.” Important change: your likes are now private https://t.co/acUL8HqjUJ — Elon Musk (@elonmusk) June 12, 2024 Previously, a user profile section displayed liked…

The Kenyan government has declared war on the invasive Indian House Crows (Corvus splendens), aiming to eliminate one million birds by the end of 2024. This initiative addresses the growing problem of these non-native crows, which disrupt local ecosystems and cause issues for tourism and agriculture. Why Eradicate House Crows? The Kenya Wildlife Service (KWS) considers house crows a major threat. Introduced from Asia, they outcompete native birds like the Pied Crow  (Corvus albus) for food and nesting sites. Their aggressive behaviour and loud calls disrupt residents and tourists, particularly in coastal areas. Impact on Local Birds House crows are…

Ride-hailing platform Uber has refuted claims that it plans to leave the Kenyan market. This comes after a day of parliamentary discussions where Uber and Bolt’s representatives expressed concerns about proposed tax changes in the Finance Bill 2024. A spokesperson who spoke to the Kenyan Wall Street confirmed Uber’s commitment to Kenya and a desire to work with the government on industry-friendly policies. “Our relationship with various government agencies has been built on mutual respect and a shared vision for a better Kenya,” the Uber Spokesperson said. Both Uber and Bolt argue the 6% Significant Economic Presence (SEP) Tax on gross…

The Kenyan government has welcomed the opening of the  Export-Import Bank of India (India Exim Bank) East African representative office in Nairobi. Prime Cabinet Secretary and Cabinet Secretary for Foreign & Diaspora Affairs Musalia Mudavadi expressed Kenya’s appreciation for India’s choice of Nairobi, calling it a sign of confidence in Kenya’s position as a leading regional financial and economic hub. He assured the bank of a supportive business environment and emphasized the benefits for both Kenya and the East African Community (EAC). Mudavadi pointed out that Exim Bank’s presence will not only boost trade and investment between Kenya and India…

Kenya Reinsurance Corporation (Kenya RE),  announced a stellar financial performance for 2023, with profit before tax surging 53% to Ksh 7.03 billion (USD 56.2 million). This strong showing was driven by a combination of factors which include diversification, prudent underwriting and a strong asset base. Its net investment and insurance income jumped 42% to Ksh 8.19 billion (USD 65.5 million), highlighting the effectiveness of Kenya Re’s strategy to expand its business across Africa, the Middle East, and Asia. The reinsurance company improved its underwriting practices and claims management resulted in an 18% decrease in claims expenses (Ksh 18.21 billion, USD…