For Kenyan-based safari operator Safarilink, June is the busiest time of year, as the company’s small planes ferry tourists to national parks in Kenya and Tanzania to witness the majestic annual migration of 2 million animals.
This year, the coronavirus outbreak has brought those adventures in Kenya’s Maasai Mara and...
Kenya’s private sector activity inched up in May after falling sharply a month earlier because of restrictions to curb the spread of coronavirus, but conditions are expected to worsen in coming months, a survey showed on Thursday.
The Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) came in at 36.7,...
Private sector activity in Kenya grew in June thanks to reduced curfew hours and the relaxation of lockdowns in Europe that boosted demand for exports, but the outlook for the months ahead remains gloomy, a survey showed last week Friday.
The Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) stood...
Kenya, East Africa’s most stable country and largest economy, and Africa’s 6th largest, will choose its next President on August 9th. According to Nairobi-based Tifa Research, the front runners are neck-and-neck. The tight race is currently led by veteran defender of multi-party democracy, Raila Odinga, and the deputy president...
Kenya’s shilling is expected to weaken against the dollar this week , while Uganda’s will strengthen, traders said.
KENYA
The Kenyan shilling could come under pressure from end-of-month dollar demand from the energy sector and multinational companies paying dividends.
Commercial banks quoted the shilling at 107.00/20 per dollar, compared with 106.70/90...
For more than 50 years, Loiman Letolo, 70, has peddled her colourful beaded necklaces and bracelets to safari-goers at the entrance gates to Kenya’s Maasai Mara National Reserve.
As the annual “Great Migration” of millions of wildebeest, zebras and gazelles into the Mara’s vast savannah gets underway, Letolo would normally...
Zambian and Kenyan currencies are seen facing pressure this week as those of Nigeria, Uganda and Tanzania hold steady.
ZAMBIA
The kwacha is expected to remain under pressure against the US dollar this week due to declining supply of hard currency.
On Thursday, commercial banks quoted the currency in Zambia, Africa’s...
Ivory Coast’s Coffee and Cocoa Council (CCC) is introducing reforms aimed at boosting domestic exporters, including by reducing fees they pay when acquiring beans, CCC and industry sources said.
The new measures also limit stockpiling of beans by multinational traders that domestic exporters say drive up prices and prevent them...