The African Football Confederation (CAF) has moved the dates of the next Africa Cup of Nations finals to January 2024 and not 2023, president Patrice Motsepe said on Sunday. The tournament was to be hosted in June-July 2023, the height of the rainy season in the Ivory Coast. “We took a lot of advice, and we decided we cannot take a risk,” Motsepe told a news conference. “We don’t want to run the risk that our top competition will be washed out.” Motsepe also announced the creation of an African Super League next season, formally launching on Aug 10. Africa…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Kenya’s trade deficit widened to KSh333.4 billion in the first quarter of 2022 as imports hit a record high of 14.5 per cent to KSh 542.5 billion, mainly due to increased import of petroleum products. This deficit is compared to KSh281.4 billion in the first quarter of 2021. Data from the Kenya National Bureau of Statistics (KNBS) shows that export earnings grew by 8.8 per cent to KSh209.1 billion in the first quarter of 2022 as a result of an increase in the value of exports of tea. International trade in services receipts increased from KSh110.9 billion in the first quarter of…
Kenya’s Economy likely rebounded in the first quarter of 2022 from a deep contraction in the same period last year, helped by an improved services sector and despite the sixth wave of COVID-19 cases. The Kenya National Bureau of Statistics says the economy expanded by 6.8% from a revised 2.7%. KNBS attributed the faster growth to a recovery in transport and storage, accommodation and food provision, and other services sectors. “The growth was also supported by accelerated growths in manufacturing, wholesale and retail activities and financial and insurance activities coupled with sustained growth in construction, real estate and information and…
The Business Tool will be used to analyse and disseminate data in real-time to trade facilitators and government agencies aimed at making better data-driven decisions.
The Central Bank of Kenya (CBK) has floated an 18-year Infrastructure bond worth KSh 20 billion to fund projects in the 2021/22 budget estimates. The bond sale runs between 28th June 2022 and 7th July 2022 or upon attainment of the required amount. According to the CBK, bids will be allocated on a first-come-first-served basis, while the CBK will offer investors a coupon rate of 13.742%. The bond is an addition to two re-opened 15-year fixed coupon treasury bonds intending to raise KSh 40 billion for budgetary support. The period of sale of these re-issued treasury bonds is between 28th…
Boomplay, Africa’s most extensive music streaming and download platform, has announced a partnership with Technology Company Telkom, enabling subscribers to enjoy more affordable music streaming and downloads on the Boomplay app. This partnership will make music more easily accessible to Kenyans, offering subscription packages that will enable Telkom users to access the over 75 million local and international songs on Boomplay for as low as Sh299 a month. This package will also give Telkom subscribers access to ad-free music and unrestricted downloads from artists such as Otile Brown, Nadia Mukami, Khaligraph Jones, and Nikita Kering, amongst other homegrown and international…