Author: Muindi

China received the first consignment of fresh avocado exports from Sunripe Kenya on Wednesday after reversing an initial requirement that only allowed frozen produce.  China’s MFA African Affairs Department Director-General Wu Peng tweeted, “First batch of Kenyan fresh avocado arrived in Shanghai on July 27!  “I’m told Chinese importers show strong interests in these high-quality avocados and plan to import in a bigger scale. I look forward to more good news on the import of African agri-products.” https://twitter.com/WuPeng_MFAChina/status/1553032615858421760?s=20&t=MV_tHOVxjwYHeyd5w6m1qQ Agricultural firm Kakuzi PLC also said it had received approval to send its Hass variety of avocado consignment to be shipped out…

Kenya’s ICT Cabinet Secretary, Joe Mucheru, says the government has no intention of shutting down the Internet during the electioneering period. “Media, including social media, will continue to enjoy press freedom in Kenya,” Mr Mucheru said. “[It is] not clear what legal framework NCIC plans to use to suspend Facebook. The government is on record. We are not shutting down the Internet.” https://twitter.com/mucheru/status/1553271302005334016?s=20&t=qKHkTu4rTQuWSQM2WOGI9Q His remarks are in response to the National Cohesion and Integration Committee’s (NCIC) threat to suspend Facebook in Kenya. NCIC Commissioner Danvas Makori had said Facebook’s non-observance to the regulations by the hate-speech monitoring delegation.  “We have…

The Central Bank of Kenya (CBK) has warned consumers against engaging with fintech payments Flutterwave and Chipper Cash. In a letter sent to all chief executives of regulated financial institutions on Friday, CBK‘s deputy Director of Supervision, Matu Mugo, directed the banks to confirm within seven days of the date (29th July 2022) of the letter to confirm to the regulator on their compliance with the directive. “It has come to the attention of the Central Bank of Kenya (CBK) that Flutterwave Payments Technology Limited (Flutterwave) and Chipper Technologies Kenya Limited (Chipper) have been engaging in Money Remittance and Payment Services…

A current account deficit is occasioned by high spending on imports compared to export earnings.

Kenya raised the lending rate by 50 basis points to 7.5 percent at their last meeting in May, the first increase since July 2015.

The Fund qualifies under the 2X Challenge – an initiative by the DFIs of the G7 to mobilise capital to support increased economic empowerment for women in emerging economies