Kenya’s inflation rate dropped marginally to 7.9 per cent in June despite rise in food, and transport prices. Fuel prices, which went up yesterday, are set to exert more pressure to cost of living.
One of the best practices suggested in the study published in April is the consolidation of the airline business in the region through mergers and acquisitions.
Consumers’ negative attitude towards jua kali products is one of the pain points dwarfing the sector’s growth as identified in its first strategic plan.
A National Assembly’s watchdog committee has raised eyebrows over the State’s appetite for domestic debt amid the slowing growth of credit to the market.
The second-hand clothes (mitumba) sector created over 800,000 jobs in the last decade, new data shows.
Mitumba Consortium Association of Kenya chairperson Teresia Wairimu said that it is a misconception that a growing second-hand clothing industry undermines domestic textile production.
The majority of the operators have not adjusted their prices. For example, transport to Kawangware still oscillates between Sh50 to Sh70 depending on the time.
In the short run, suppliers of finished products may opt to cushion the customers from the risk-based cost of distributing the products.
The new credit score is designed to enable financial institutions to separate personal from business needs whenever an MSME owner seeks credit.
Bailouts to national carriers in Africa by respective governments have been identified as an impediment to implementing the Single African Airline Transport Market (SAATAM).
The government is streamlining existing labour laws to accommodate emerging trends in the job market, Labour Principal Secretary Geoffrey Kaituko has said.
The kingpins are the setback in the fight against corruption, considering policies and procedures are in place.
The survey describes this as significant delays that contribute to the end cost of the project due to unmet timelines.
Lobby says opposition-led protests may increase the already high cost of living by impacting supply chain logistics.
Consumer prices have risen rapidly since the onset of Covid pandemic as retailers say they have no control over pricing of commodities.
Numbers from the African Development Bank (AfDB) project that Kenya’s GDP is expected to grow 5.6 per cent in 2023 and 6.0 in 2024. This is driven by services and household consumption.
Equity Group chief executive James Mwangi said the listed lender has been committed to sustainability since inception even dedicating two per cent of the business’ revenue to the cause.
The Insurance Regulatory Authority revealed that between January and March, about 486 complaints were lodged by customers and policy holders.
The plan also details how encroachment is eating up arable land and invading wildlife conservation areas. Nairobi National Park is adjacent to Kajiado County.
Karen’s growth as a commercial hub is slowly impacting rent prices in the adjacent residential hubs of Ngong and Lang’ata, research by HassConsult shows.
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