Kenya smallholder tea farmers earn Sh63.6 billion from tea exports
By Kobia Mwirichia and Agencies.
President Uhuru Kenyatta has reached out to the Arab nations to support his government in exploiting the recently discovered natural resources, including oil found in Turkana.
He said Kenya had discovered economically viable reserves of natural resources, among them underground fresh water, coal, oil and natural gas which will be exploited for the benefit of all Kenyans.
By Diarietou Gaye
As you are aware, Kenya’s development agenda is anchored around Vision 2030, the Constitution and the Medium Term Plan II, which the Government launched in October 2013.
We want to reiterate our support to the Government’s development goals. Kenyans have high expectations that after half a century of independence, they are ready to move to the next level of growth and prosperity.
By TF News Reporter
Inflation eased last month after rising gradually since July 2013 on the back of a base effect and implementation of VAT 2013 effective September.
The Central Bank of Kenya (CBK) says in its weekly bulletin that overall 12-month inflation eased from 8.29 per cent in September 2013 to 7.76 per cent in October 2013 and non-food non-fuel inflation from 5.02 per cent to 4.94 per cent.
By Ben Kinyanjui
Manny people cannot afford to buy homes because mortgages have remained very expensive, says The Mortgage Company.
The company says in its third quarter 2013 unless the rates fall to a single digit, many prospective home buyers will keep away.
By TF News Reporter
The number of Kenyans with no access to financial services have declined from 31.4 to 25.4 per cent in the last four years, says a new FinAccess survey released Thursday.
The survey says in 2013, 32.7 per cent of the adult population accessed financial services from the formal, prudentially regulated financial institutions though mobile money services offered by all the four mobile telephone operators emerged the most preferred service.
By Prof Njuguna Ndung’u
The government recognizes the vital role the financial system plays in the economy.
In this regard Kenya’s development blue print, Vision 2030, covering the period 2008 - 2030, envisages the financial services sector being transformed into a vibrant and globally competitive sector that will drive high levels of savings to finance the country’s investment needs.