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Kenyan Business
@BusinessIntelKE
Business Intelligence || Business News || Commentary || Markets || Geopolitics
Nairobi, Kenya
Joined April 2022
2,200
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21.3K
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    Kenyan Business
    @BusinessIntelKE
    Aug 18, 2023
    Middle class cash flow problem: They are usually cautious about money but as they strive to improve their standard of living, they get increasingly into debt. All their lives they work to pay off their mortgages, credit card bills, car loans etc.
    42K
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    Kenyan Business
    @BusinessIntelKE
    Nov 20, 2022
    Google has requested Kenyan loan apps to submit proof of license to operate in Kenya, failure to which risks delisting them from Play Store.
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    Kenyan Business
    @BusinessIntelKE
    Jul 14, 2024
    Kenya Power is planning to buy Six Electric vehicles — Mahindra XUV 400 Sports Utility Vehicle (SUV) — at a cost of about Shs 9 million each. The car retails at Shs 2.4m outside Kenya.
    64K
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    Kenyan Business
    @BusinessIntelKE
    Nov 8, 2022
    Jumia’s founder and cofounder CEOs have resigned with immediate effect as the company struggles with persistent losses and plummeting share price. - Bloomberg
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    Kenyan Business
    @BusinessIntelKE
    Feb 7, 2023
    Official KRA data shows Kenya imported Shs 378 billion of goods from China while data from China’s revenue authority shows Kenya imported Shs 809 billion. This massive difference is due to tax evasion.
    256K
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    Kenyan Business
    @BusinessIntelKE
    Nov 18, 2022
    As Kenya lifts ban on GMO, Mexico is working towards banning GMO by 2024. A study in Mexico had found that GMO maize had contaminated most of the traditional varieties through cross-pollination.
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    Kenyan Business
    @BusinessIntelKE
    Dec 18, 2022
    Kenya’s President says he is willing to sell 100% of government’s stake in Kenya Airways. Says he is not in the business of running an airline that just has a Kenyan flag.
    231K
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    Kenyan Business
    @BusinessIntelKE
    Nov 6, 2022
    In the SGR contract, Kenya Ports Authority (KPA) committed to create inland ports including at Nairobi where KPA would manage the inland ports. If Kenya defaults on loans, China can take over KPA without notifying Kenya government. KPA should also not ask questions.
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    Kenyan Business
    @BusinessIntelKE
    Feb 19, 2023
    BIDCO Africa says it is looking for Kenyan farmers to supply it with 30,000 metric tonnes of sunflower and Soybeans to support local production of its brands.
    170K
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    Kenyan Business
    @BusinessIntelKE
    Nov 22, 2023
    Standard Chartered Bank Kenya has cut its holding of Kenya government bonds by 52%. The bank even took a loss of Shs 2.3 billion as it sold the bonds. Strongly indicates that the parent company is attempting to reduce exposure to government default risk.
    196K
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    Kenyan Business
    @BusinessIntelKE
    Nov 6, 2022
    In Kenya, 44% (1,362 tonnes) of the total volume of pesticides used in farming are banned in Europe — where they are exported from. - The East African
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    Kenyan Business
    @BusinessIntelKE
    Sep 26, 2023
    Standard Chartered Bank Kenya is closing accounts of small businesses that fail to hit monthly cash inflow of Shs 10 million. - Business Daily
    212K
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    Kenyan Business
    @BusinessIntelKE
    Nov 20, 2022
    Laikipia County, which is the first county to get government backing for it to issue Shs 1 billion infrastructure bond, spent Shs 500 million to lease 21 Toyota Hilux vehicles at Shs 24m each. It recently cancelled another Shs 721 million contract to lease at Shs 32m per car.
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    Kenyan Business
    @BusinessIntelKE
    Dec 29, 2023
    2018
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    Kenyans.co.ke
    @Kenyans
    Dec 29, 2023
    World Bank Rates Kenya As Fastest Growing Economy in Sub-Saharan Africa bit.ly/41G8IYL
    43K