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

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Kenya leads in internet access and connectivity in Africa, says Liquid Telcom

By TF News Reporter

Kenya is leading other African countries in internet connectivity with the highest bandwidth per person, says Internet provider Liquid Telecom Kenya CEO Ben Roberts.Liquid Telecom CEO Ben Roberts says Kenyans enjoy fast internet speedsLiquid Telecom CEO Ben Roberts says Kenyans enjoy fast internet speeds

He says the country enjoys the fastest Internet speeds and some of the lowest internet costs in the East African region.

Cost of living continue to soar as inflation rate jump to 8.36 per cent in August

By TF News Reporter

Increasing prices of food, rent and transport costs have pushed the rate of inflation to 8.36 per cent in August up from 7.67 in July.Rising rate of inflation is a concern to government whose target is five per cent and belowRising rate of inflation is a concern to government whose target is five per cent and below

During the month, several parts of the country experienced drought with the government forced to supply emergency food relief to thousands of famine-stricken people in six counties, most of them in the arid and semi arid areas.

Guarantee agency spends Sh2.5 billion to guarantee local businesses

By Julius Musungu

The Multi-lateral Guarantee Agency (MIGA) has committed $30 million (Sh2.5 billion) to guarantee Kenyan business against political risk.MIGA's gurantee to Gulf Energy enabled the company to undertake the projectMIGA's gurantee to Gulf Energy enabled the company to undertake the project

MIGA Vice president and Chief Operating Officer Michel Wormser also said the agency that is part of the World Bank Group has entered into talks with the government to increase its scope and operation in the country by insuring companies against operational risks.

Tullow announces new oil find in Turkana as oil exploration in Kenya gains momentum

 

By Agencies

Tullow Oil plc (“Tullow”) Thursday announced the discovery of more oil at Etom-1 well in Block 13T in South Lokichar. Tullow Oil has now stepped up oil search in the regionTullow Oil has now stepped up oil search in the region

The UK Company said the well is the most northerly well drilled to date in the South Lokichar basin, 6.5 km north of the previous Agete-1 discovery.

Guarantee agency vice president to visit Kenya

By agencies

The Multilateral Investment Guarantee Agency (MIGA) Vice President Michel Wormser, and Chief Operating Officer of will visit Kenya Thursday.Mr Micheal Wormser is expected to meet with senior government officialsMr Micheal Wormser is expected to meet with senior government officials

Mr Wormser’s visit underscores MIGA’s continued support to the country’s development goals, especially as Kenya builds its power generation capacity through private sector investment

World Bank commits Sh400 billion to support energy generation in Africa

By TF News Reporter

The World Bank has committed $5 billion (Sh400 billion) to support energy projects in six African countries.World Bank funding is a big boost to energy sector in AfricaWorld Bank funding is a big boost to energy sector in Africa

The funds that comes as new technical support will benefit Ethiopia, Ghana, Kenya, Liberia, Nigeria, and Tanzania—which have partnered with President Obama’s Power Africa initiative.

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