Nairobi, Kenya – Kenya’s earnings from tea exports to Iran have experienced a remarkable eightfold increase in the first quarter of 2023, providing a welcome boost amidst lower sales to neighboring Pakistan. While Kenya traditionally exports approximately 50% of its tea to Karachi, reduced demand from Pakistani buyers led to a drop in earnings from […]

NAIROBI, Kenya – Today, Kenya witnessed widespread protests on Wednesday as citizens voiced their frustration over the soaring cost of living, directly attributed to a depreciating Kenyan shilling and increased taxation imposed by the Finance Bill 2023. The relentless decline of the shilling has had a severe impact on imports, exacerbating the financial burdens faced […]

NAIROBI, Kenya – Kenyan banks, including Co-operative Bank, Equity Bank, and NCBA Bank, are raising their lending rates in line with the recent interest rate hike by the Central Bank of Kenya (CBK). This adjustment has significant implications for borrowers, as loans become more expensive across the board. The move comes after the CBK’s Monetary […]

NAIROBI, Kenya – Iranian President Ebrahim Raisi embarked on his historic Africa tour with Kenya as the first stop, aiming to bolster trade ties and deepen cooperation between the two nations. Following a meeting with Kenyan counterpart William Ruto, the leaders announced the revitalization of diplomatic bonds by signing a series of new agreements. During […]