Author: Muindi

Kenya earned Sh25.2 billion ($210 million) from exporting coffee in the 11 months to August 2022 compared to Sh15.5 billion ($129 million) in the 11 months to August 2021. Data from the Nairobi Coffee Exchange (NCE) attributed the growth to higher volumes and better prices in the international market on the back of a shortfall in supply from leading producers Brazil and Colombia. The number of bags sold through the auction grew by 52.58% from 377,204 in the previous season to 575,543 at the end of the review period. The average price per kilogramme increased from $279.41 last year to…

Former Kenya President Uhuru Kenyatta will continue chairing the Ethiopia and eastern Democratic Republic of Congo (DRC) peace talks. President William Ruto made the announcement while delivering his speech at Kasarani on Tuesday, September 13, after he was sworn in.   “On peace initiative in our region, in Ethiopia and the Great Lakes region, I have asked my elder brother President Uhuru Kenyatta who has done commended able engagement with those regions and he has graciously agreed to continue chairing those discussions on behalf of the Government of Kenya,” President Ruto stated.  https://twitter.com/WilliamsRuto/status/1569672246850904065?s=20&t=l9bcJ-68SNYWfMavvmWJZQ “I have committed that the Govt of Kenya…

The deal will see Equity, which has a KSh1.3 trillion asset base, take over KSh945 million in loan assets from struggling Spire Bank and deposit liabilities of KSh1.3 billion.

Kenya’s Ministry of Tourism and Wildlife projects that total arrivals in 2022 will reach 1.4 million.

This year’s International Literacy Day will be celebrated worldwide under the theme, Transforming Literacy Learning Spaces.

The loan to KCB is part of IFC’s growing work in Kenya to increase the amount of climate financing available.