CBK is depleting foreign currency reserves to stabilize the shilling

Kenya’s foreign currency reserves has declined from shs 694 billion reported last week to shs 688 billion this week. The reserves depletes when CBK sells the foreign currency to the market to strengthen the Kenya shillings against the dollar or when foreign debts are being repaid. In the past weeks, the Kenya shillings has been stabilizing against

Tegemeo Institute of Egerton University to help commercialize small scale agriculture in Kenya

Tegemeo Institute of Egerton University is set to help the Agricultural sector in Kenya. Agriculture is key to Kenya’s economy yet is the most underdeveloped. This is has resulted in a situation where large chunk of Agricultural activities are being undertaken by use of old and outdated technologies or no technology at all. Majority of those who

Concern has been raised over dangerous imported milk powder

Pearl Dairy Ltd has raised concerns on dangerous imported milk powder which contain adulterants and contaminants such as heavy metals and radioactive material. The dangerous imported milk powder could be widespread in wholesale and retail outlets across the country according to a recent survey by Kenya Dairy Board. Pearl Dairy Ltd appealed to the Kenya Dairy

Tuskys Supermarket is planning to join NSE amid sibling rivalry

Standard Digital has reported that Tuskys Supermarket is planning to join the Nairobi Securities Exchange through an Initial Public Offering (IPO). According to Standard Digital, this revelation was made when Tuskys’ Chief Executive Officer Dan Githua visit Standard Media Group’s CEO Sam Shollei in his Mombasa Rd office. “We have the mandate from the owners of the

Soon peer to peer lending in Kenya will overtake mobile money loans

There is a word experts and laymen alike use whenever unemployment is discussed – entrepreneurship. Entrepreneurship has not only been seen as the savior of unemployed youth but also as an avenue for both personal and national growth, leading to mushrooming of several entrepreneurship forums including the Obama led Global Entrepreneurship Summit (GES) that saw