Electricity use at 4-year high in sign of growth

Month-on-month electricity consumption hit a four-year high of 750.97 Gigawatt hours (GWh) in November, pointing to increased uptake of power by households and businesses in signs of accelerating economic growth.

~ Business Daily Africa

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Food prices rise in January on price discount reversal—Reports

FAO said limited export supplies from Europe, caused by strong internal demand, was the main driving force behind the increase.

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China fish imports hit record high of Sh1.7bn

The value of fish imported from China increased by 11.8 percent to a historic high of Sh1.7 billion last year, raising more disquiet from local traders who complain of being edged of the market by the cheaper supplies.

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PPC talks with authorities again about imports

The company said yesterday that the engagements were meant to ensure the sustainability of the domestic industry and market stabilisation.

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VAT up 16pc after petrol levy boost

The enforcement of the standard 16 percent VAT levy on petroleum products from September 1 after a five-year suspension caused a countrywide uproar in an economy that largely runs on diesel and petrol.

Business Daily Africa , Kenya Feb 8, 2019
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Apple iPhone shipments dive in China as Huawei tightens grip

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IOL , South Africa Feb 11, 2019
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Exporters shake off fertiliser delays to meet flower demand

The first quarter of every year is the peak season for flowers in Europe and Kenyan exporters, the biggest supplies to the region, pull out all stops to meet the demand.

Business Daily Africa , Kenya Feb 5, 2019
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Import-export deficit narrows to 11-year low

The Central Bank of Kenya (CBK) said in its latest weekly bulletin that other factors pushing the deficit down to 4.9 percent of the gross domestic product (GDP) were an increase in tourism receipts and a decline in food imports.

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MPs recommend additional Shs334 billion to boost electricity use

Dr Keefa Kiwanuka, the Natural Resources Committee Chairperson, says the installed generation capacity of 1,100 Megawatts cannot be fully utilized due to poor transmission and distribution lines.

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Import-export deficit narrows to 11-year low

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Nigeria’s oil revenue rises by 129% to N9.4tr in 2018

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Toyota cuts full-year profit forecast, warns over Brexit

Tokyo, Japan, Feb 6 – Japanese car giant Toyota slashed its full-year net profit forecast Wednesday after saying its nine-month figure had tumbled nearly 30 percent as it was hit by investment losses.

Capital News , Kenya Feb 6, 2019
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Blue chip stocks lift NSE Share Index above 3,000 points

The surge in share prices, which is mainly driven by demand from local investors, has seen the index record a year-to-date gain of 7.4 percent.

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Nigeria ranks 105th in mobile Internet speed

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Nigeria ranks 105th in mobile Internet speed

Nigeria ranked 105th in mobile Internet download speed as of December 2018, down two places from its 103th position in November, the latest data from the Ookla’s Speedtest Global Index showed.

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Tea earnings hit five-year high on increased volumes

Tea farmers earned Sh140 billion last year boosted by high volumes that defied low international prices of the commodity in the market.

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Coffee, tea earnings drop as excess volumes fill markets

The value of tea exported for the January- November period grew by Sh8.9 billion, fresh data by Kenya National Bureau of Statistics, reveals.

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New export orders fastest in four months

New export orders from Kenyan businesses rose the fastest in four months on higher foreign demand, shrugging off the slow start common with January.

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New export orders fastest in four months

New export orders from Kenyan businesses rose the fastest in four months on higher foreign demand, shrugging off the slow start common with January.

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Toyota reports fall in US auto sales in January

Toyota Motor Corp on Friday reported a 6.6 percent fall in US vehicle sales for January, hurt by lower demand for its Camry and Prius cars.

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