Author: Wanjiku Njugunah

Kenya has expressed interest in pursuing a better bilateral relationship with the United Arab Emirates (UAE) President Uhuru Kenyatta said the two countries should also explore new areas of cooperation for the mutual benefit of the countries Kenya is also among some eight countries that the United Arab Emirates (UAE) wants to deepen trade ties with, even as it pushes to grow its status as the Middle East commercial hub Kenya wants to better its bilateral relationship with the United Arab Emirates (UAE). On May 10, 2022, President Uhuru Kenyatta said there was a need to advance the relationship for…

The improved trade relations come a year after Kenya and Tanzania agreed to eliminate barriers.

In March 2021, the two countries said several barriers were hindering the smooth flow of trade and people and agreed to form better relations.

As reported by The Exchange Africa, at the time, President Uhuru Kenyatta and Tanzania Head of State Samia Suluhu Hassan announced new measures to facilitate trade.

Among them was establishing a joint team of experts to address the disjointed enforcement of cross-border Covid-19 containment protocols, one of the most pronounced non-tariff trade barriers between the two nations.

Liquid Intelligent Technologies has acquired Telrad, an Israeli-based technology firm, subject to customary closing conditions, including Telrad shareholder approval The pan-African technology firm said it has agreed to acquire the company and said the move would complement its operations It described Telrad as an innovative technology business with an extensive B2B offering and said it would add to its infrastructure and digital solutions offerings Liquid Intelligent Technologies has acquired Telrad, an Israeli-based technology firm, at an undisclosed amount. In a statement seen by The Exchange Africa, Liquid Intelligent said it has entered into a definitive agreement to acquire the company…

Kenyan companies saw renewed deterioration in business conditions in April 2022, on the back of a decrease in customer demand in response to rising consumer prices and living costs The Purchasing Managers Index (PMI) survey by Stanbic Bank indicates that the decline in operating conditions was underlined by a renewed fall in new order volumes The Stanbic PMI reading fell below the 50-point neutral mark in April to 49.5 from 50.5 in March A new report shows that Kenyan companies saw renewed deterioration in business conditions in April 2022, on the back of a decrease in customer demand in response…

Nigeria is currently the United States’ 54th largest goods trading partner, with US$7.8 billion in total goods trade as of 2019 The top export categories in 2019 were: vehicles at US$938 million, cereals, especially wheat, at US$494million), machinery at US$479million, mineral fuels at US$287 million, and plastics at US$189 million The top import categories were mineral fuels at US$4.4 billion, special other (returns) at US$80 million, oil seeds and oleaginous fruits at US$15 million, fertilisers at US$11 million, and cocoa at US$10 million The value of trade between Nigeria and the United States has continued to grow, data by the…

President Uhuru Kenyatta has announced a minimum wage increase of 12 per cent from 1st May 2022 to cushion workers against further erosion of their purchasing power. Noting that there has been no review of the minimum wages for over three years while the cost of living has increased with inflation ranging between 5 to 6 per cent annually, the President said the Government has found it necessary to increase the minimum wages. “In that regard, and in full appreciation of the critical contribution of workers to the economy; following the recommendation of various stakeholders; as a caring Government, we…

President Kenyatta’s message was conveyed in a recorded video statement delivered on Wednesday evening during a virtual Inter-Congolese Peace Dialogue convened by Kenya.

The Head of State pointed out that the value of peace is unique and uncontested, adding that nothing enduring can be built on the shifty soils of insecurity.

“The historical call to be our brothers’ keepers is a bell that has been tolling and to which Kenya always keeps responding. We will not relent in your pursuit of peace for prosperity. This is why we reached out to you, our brothers, our sisters of the DRC,” President Kenyatta said.

Rwanda will receive two loans amounting to $180 million from the African Development Bank  The funds will support a major energy project that will extend electricity access to rural areas and reduce greenhouse gas emissions It entails the construction of over 1,000 km of medium voltage and 3,300 km of low voltage lines to boost last-mile access The project is expected to connect 77,470 households to the electricity network for the first time and connect 75 schools, eight health centres and 65 administration centres Rwanda will receive two loans amounting to $180 million from the African Development Bank (AfDB) to…

Livestock farmers in Kenya’s arid and semi-arid lands (ASALs) will receive training and financing from KCB Foundation The partnership will train and equip farmers from ASALs with climate-smart agricultural practices to mitigate the dire impacts of climate change The two-year partnership will mobilise KSh 100 million in financing for the farmers through strategic partners to grow the funding to KSh 500 million Kenya is currently facing a drought that has left more than 2.5 million people on the brink of starvation and poverty. Pastoralists and farmers now have less and less time to recover Livestock farmers in Kenya’s arid and…

Oppo has announced plans of unveiling the newest addition to its Reno series, the OPPO Reno7 in Nairobi The global smart device brand said Reno7 comes packed with impressive imaging features including Bokeh Flare Portrait, Selfie HDR, AI Portrait Enhancement The OPPO Reno7 series will serve as a Portrait Expert with both enhanced camera capabilities and a myriad of features to turn everyone into a professional, allowing them to truly express themselves to the world Chinese phone maker OPPO is preparing to disrupt the Kenyan smartphone scene. In a statement seen by the Exchange Africa, oppo said it is preparing…