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

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Trade and Investment

Manchester United reaches out to local fans with a loyalty credit card

By TF News Reporter

Local fans of English Premier league champions Manchester United  can now enjoy the services of a loyalty credit card thanks to a partnership signed between the 2012 Premier League champions and consumer finance business, afb.afb Group Chief Executive Officer, Karl Westvig (left) and Manchester United, Head of Marketing, Jonathan Rigby during the signing of a partnership that will see fans of Manchester United in Kenya enjoy the services of a loyalty credit card courtesy of consumer finance business afb and the current Premier League Champions. afb Group Chief Executive Officer, Karl Westvig (left) and Manchester United, Head of Marketing, Jonathan Rigby during the signing of a partnership that will see fans of Manchester United in Kenya enjoy the services of a loyalty credit card courtesy of consumer finance business afb and the current Premier League Champions.

afb, which launched its operations in the Kenyan market in April this year, has sealed a five year partnership deal with the league leaders that will see Manchester United fans across the country own branded Manchester United credit cards and access affordable financial services.

Kenya cannot afford to spendSh2.5 billion for celebrations, says President Kenyatta

By Ben Kinyanjui

President Uhuru Kenyatta has disbanded a committee setup to plan the 50th year celebrations of the Kenyan independence.President Kenyatta says spending Sh2.5 billion in celebrations is wastefulPresident Kenyatta says spending Sh2.5 billion in celebrations is wasteful

The president said he is aware that during its deliberations, a committee planning celebrations to mark the country's 50th birthday drew a provisional budget of Sh2.5 billion.

Inflation rate increases to 6.02 per cent though food prices remain stable

 

By TF News Reporter

The overall inflation rate stood at 6.02 per cent in July up from 4.91 per cent reported in June.

Civil society groups are oppossed to duty on foodstuff in the amended VAT Bill Civil society groups are oppossed to duty on foodstuff in the amended VAT Bill

The rate has now exceeded the five per cent target set by the government and experts now say planners and policymakers must now go back to the drawing board to seek ways to tame the upward trend.

Mumias Sugar company board taken to task over poor performance

 

By PPS

Mumias Sugar Company Board of Directors as been taken to task over the company’s poor performance.Mumias Sugar is the leading sugar producer in the countryMumias Sugar is the leading sugar producer in the country

At a meeting with President Uhuru Kenyatta and Deputy President William Ruto, Members of Parliament from Western Kenya asked that directors of the Sugar Company be summoned to explain what they saw as a downward spiral.

Seek permanent solutions to conflicts in the Great Lakes region, urges President Kenyatta

By PPS

President Uhuru Kenyatta has called on member states of the International Conference of the Great Lakes region (ICGLR) to work together to end conflicts in the region.Presidents Uhuru Kenyatta (Kenya) flanked by President Yoweri Museveni (Uganda) and President Michel Djotodia (Central Africa Republic(R) addressing delegates during the special summit of the Great lakes Region for Heads of State and Government at the UN offices, Nairobi.Presidents Uhuru Kenyatta (Kenya) flanked by President Yoweri Museveni (Uganda) and President Michel Djotodia (Central Africa Republic(R) addressing delegates during the special summit of the Great lakes Region for Heads of State and Government at the UN offices, Nairobi.

President Kenyatta said as agents of people's well being, custodians of national interests and stewards of popular aspirations, the regional leaders should work together and forge a unity of purpose.

Kenya gets Sh21 billion from World Bank to fight poverty

By Ben Kinyanjui

The World Bank has given Kenya a zero-interest credit of $250 million(Sh21 billion) to help fight extreme poverty and set up a potentially transformational national social safety net program.Poverty remains high in the country despite recent economic growthPoverty remains high in the country despite recent economic growth

The safety net, which will knit together several existing government programs into a better coordinated and more efficient system, aims to reach up to 3.3 million of the country’s poorest people by 2017.

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