Author: Korir Issa

IK, a Masinde Muliro University grad, tackles social justice through journalism. He analyses news and writes on women's rights, politics, technology, law, and global affairs.

Kenya’s tea exports rose 10.4 per cent to Ksh 39.5 billion during the three months of 2021 after exporting 135,721 metric tons (MT) of tea.  The Tea Board of Kenya (TBK) says the increase from 307 million dollars earned from 152,633 MT in a similar quarter in 2021. The 2022 Economic Survey by the Kenya National Bureau of Statistics noted that Tea production declined by 5.6 per cent from 569.5 thousand tonnes in 2020 to 537.8 thousand tonnes in 2021, due to unfavourable weather conditions. “Quantities of exported tea declined from 576.1 thousand metric tonnes in 2020 to 557.3 thousand…

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The Central bank of Kenya (CBK) raised Ksh 17 billion from the KSh10 billion target Tap Sale on the May bonds. The bond sales received investor bids totalling Ksh.17 billion with the CBK accepting the entire amounts offered. Investors accepted returns of 13.49 per cent for the new 10-year paper on offer and 13.976 per cent for the re-opened 25-year issue. Initially, the government sought to raise Kshs 60.0 billion for budgetary support, and received bids worth Kshs 43.1 billion and accepted bids worth Kshs 31.7 billion, translating to a 73.6 per cent acceptance rate. However, the total amount received…

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