Entries by Aloyce Ratemo

CPI and Inflation Rates for August 2015

Kenya National Bureau of Statistics hereby releases Consumer Price Indices (CPI) and inflation rates for August, 2015. These numbers have been generated using data collected during the second and third weeks of the month under review. The CPI increased by 0.21 per cent from 160.57 in July 2015 to 160.90 in August 2015. The overall […]

IFC invests Sh5 billion in Turkana oil

The International Finance Corporation (IFC) has thrown oil exploration in Northern Kenya a much-needed lifeline with the injection of Sh5 billion in Africa Oil, one of the majors operating in the region. The Canadian explorer said the IFC, World Bank’s private sector lending arm, made the $50 million investment in a private placement that will […]

Safaricom injects Sh14M seed capital for young entrepreneurs

Safaricom foundation has partnered with Junior Achievement Kenya and ‘hand in hand’ . Eastern Africa to empower the youth with entrepreneurial skils and seed capital to start their businesses. Safaricom foundation has set aside 14 million shillings towards a revolving fund those with no access to micro credit as a pilot in seven counties for […]

Kenya’s development efforts lead to improved World Bank rating

Kenya is among five countries in Africa that have made progress in supporting development and poverty reduction in 2014.According to a World Bank report released last week, Kenya scored above the African average of 3.2 in the latest Country Policy and Institutional Assessment (CPIA). The Government’s effort to enhance economic growth by initiating development projects, […]

Kenya gets Sh50bn World Bank loan for roads

Kenya has signed a Sh50 billion infrastructure loan with World Bank to fund part of the Eastern Africa Regional Transport, Trade and Development Facilitation Project. National Treasury Cabinet secretary Henry Rotich said the funds will be used to rehabilitation the 287 kilometere Nakodok- Loichangamatak that traverses Trans Nzoia, West Pokot and Turkana counties. The government […]

Bad weather hurt milk processors

Consupmtion of processed milk has reduced significantly since the beginning of 2015 due to what processors attribute to unfavourable weather. The Kenya National Bureau of Statistics data sourced from the Kenya Dairy Board shows January, February, March and April 2015 recorded milk intakes was 47.3, 35.7, 36.8 and 30.4 million litres, respectively. Milk consumption stood […]