up in smoke BAT-Kenya lobbying for tax reduction to give Lyft a lifeline in Africa British American Tobacco (BAT), through its Kenya subsidiary, is lobbying the government to slash a proposed tax hike on a yet-to-be launched ... nicotine pouch – a move expected to boost company profit, cement dominance in the African market, and compensate for the dipping cigarette use in Europe.
Complex threat Kenya 2022: Will new guidelines keep terrorists at bay ahead of elections? As Kenya prepares for an election expected to be one of the most competitive in the country’s history, tensions are growing between two government ... agencies on how to effectively fight terrorism on Kenyan soil. Will the row threaten gains made thus far?
sore loser? Kenya: Musyoka quits party to vie for presidency after Karua named Raila’s running mate After losing the nomination to Martha Karua, former vice-president and the Wiper party leader Kalonzo Musyoka has announced that he has quit ... Raila Odinga’s Azimio la Umoja coalition to vie for the presidency in the August polls.
end of an era US Fed tightening shows Africa needs domestic debt, foreign equity, S&P says The prospect of a series of interest-rate increases by the US Federal Reserve highlights the need for African countries to increase savings rates ... so that banks can provide debt finance in local currencies, S&P Global Ratings sovereign specialist Frank Gill tells The Africa Report.
petrol shortages Kenya: How does the fuel subsidy work? Oil is an essential commodity for Kenya’s transport and industrial production, electricity generation and water provision. In 2008, as the ... world grappled with high oil prices, Kenya introduced price controls to cushion the blow for its citizens
Game Changer Kenya: Martha Karua, a step away from becoming first female deputy president? Veteran politician and former Justice Minister Martha Karua could be the first female deputy president in Kenya’s history… That’s if her ... coalition, Azimio la Umoja One Kenya, wins the August polls.
interrogating pledges Kenya: Top 7 election issues facing Raila and Ruto As Kenya’s election date draws closer, the two leading presidential candidates, William Ruto and Raila Odinga, are promising Kenyans the world. ... Even so, from a weakened economy to affordable healthcare, can either one of the top candidates realistically follow through on their electoral pledges? We look at the top seven issues facing the two men.
emerging solutions Kenya: Agritech firms whet funders’ appetite for ‘highly untapped’ sector In March, Apollo Agriculture – a tech company based in Nairobi that helps small-scale farmers maximize profits – closed its Series B equity ... funding round, having raised $40m. In total, the company has raised $52.5m and received $16m in debt – making it one of the highest funded agritech startups in Kenya.
Jumping ship Kenya 2022: Presidential candidate Raila Odinga’s coalition shaken by defections Distrust and disunity are plaguing former prime minister Raila Odinga's coalition just three months before Kenya's presidential election after ... two parties jumped ship to join his main rival, deputy president William Ruto.
DEBT DILEMMA Debt: Another bittersweet $244m IMF loan to Kenya Kenya is set to receive another $244m (KSh28bn) from the IMF in a loan deal laced with tough conditions that will see its citizens grapple with ... hard-hitting structural reforms and prompt job losses.