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  • Kenya smallholder tea farmers earn Sh63.6 billion from tea exports

  • Forex 31.07.2015

  • Forex 30.07.2015

  • Forex 29.07.2015

  • Forex 28.07.2015

 

Tea health benefits pushes tea consumption in the United States

By Ben Kinyanjui

Tea exports to the US have increased 14.4 per cent due to perceived health benefits in tea, says President of the Tea Association of the USA Mr Joseph Simrany.

Tea consumption in the US to benefit local tea farmersTea consumption in the US to benefit local tea farmers

He however says although the health message is an important contributor to the recent growth of tea in the world’s largest economy, it is not the only reason why tea is becoming popular.

Kenya stands to gain as European leaders struck deal to bail out debt ridden Greece


By Ben Kinyanjui and agencies

Kenya is one of the countries in Africa that is likely to benefit from Wednesday’s bailout plan seeking to resolve the two year old Eurozone debt crisis.Kenya is a major exporter of flowers to EuropeKenya is a major exporter of flowers to Europe

European leaders and bankers meeting in Brussels struck a last-minute, "three-pronged" deal overnight Wednesday on solving the debt crisis that has partly contributed to the sharp depreciation of currencies in East Africa.

Small banks continue to fight for survival as six major ones control 56 per cent of the market

By Ben Kinyanjui

The six largest commercial banks in Kenya continued to dominate the industry despite efforts by the Central Bank of Kenya to increase competition in the multi-billion shilling industry.

Cooperative Bank is one of the biggest banks in the countryCooperative Bank is one of the biggest banks in the country

The banks, Kenya Commercial Banks (13 per cent), Barclays bank (10), Equity Bank (9.5), Cooperative bank (8.7), Standard Chartered bank (7.8) and CIC Stanbic Bank (5.3 per cent) controlled 56.1 per cent of the market last year.

CMC unveils expansion plan despite boardroom wars

By Today Financial News Reporter

CMC motors have embarked on a business transformation process that will increase its market share in Kenya from 14 to 20 per cent in the next one year.

Troubled CMC eying the EAC marketTroubled CMC eying the EAC market

The company also intends to increase its presence in Uganda and Tanzania as well as venture into Southern Sudan where demand for agricultural inputs including tractors is high.

Housing prices in Kenya decline due to economic slowdown and high inflation

 

 

By Today Financial News Reporter

 

Housing prices in Kenya have gone down marginally due to slow economic growth and rising inflation that has triggered high cost of living.


According to Ms Farhana Hassanali, Property Development Manager, HassConsult Limited, a leading estate management in Kenya, prices had fallen by two per cent in the second quarter, down from 1.8 per cent growth in the first quarter.

Saccos set to take over the multibillion shilling matatu industry

 

 

By Ben Kinyanjui

Can you imagine waking up one day and there are no matatus on the road?  Nancy Maingi, a 27 year-old civil servant from one of the newly created districts in Eastern province cannot imagine life without them.

They been called all sort of names, play loud music and some had gone to an extent of showing pornographic videos, all in the name of attracting passengers and mainly the youth.

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