US consumers group sues Starbucks over human rights abuses on tea and coffee farms in Kenya, Brazil
US National Consumers League said in its lawsuit Starbucks has continued using suppliers after abuses were uncovered, and even certified them as ethical according to purported standards it developed itself.
PMI: Kenya private sector activity declines in December n the back of easing inflation
Inflation slowed to 6.6 per cent year-on-year in December from 6.8 per cent the previous month, data from the statistics office showed.
American arrested in Kenya charged in US court for attempt to aid al Shabaab after Israel attack
Nasr travelled from Egypt to Kenya “bent on joining and training with al Shabaab,” prosecutors said.
Kenya’s economy grows by 5.9 per cent as inflation eases to 6.6 per cent in December
The East African country’s economy has been among the fastest-growing on the continent in recent years, but a heavy debt load and a weakening currency have emerged as potential problems.
Forex: Kenyan, Zambian currencies in-play against backdrop of subdued dollar supply
Zambia’s kwacha could hold steady next week or fall slightly as hard-currency supply remains subdued. On Thursday the kwacha was trading at 25.20 per dollar from 24.55 a week ago.
With US dollar forecast to weaken in 2024, countries with hefty debts like Kenya, Tunisia expected to manage repayment
Kenya, Tunisia and Egypt have significant maturities due in 2024. Kenya plans to buy back up to a quarter of its $2 billion bond, due in June, with the help of loans from the Trade & Development Bank and the African Export-Import Bank.
Kenya’s competition authority fines Carrefour franchisee $7.2m for abuse of buyer power
The penalty is the biggest ever handed out by the Competition Authority of Kenya, the regulator said.
What happened: Unanswered questions as Kenyan contingent of EAC troops in DRC returns home
Ahead of the withdrawal, Kenyan Chief of Defence Forces (CDF), General Francis Ogalla, addressed Kenyan troops stationed at Kibumba forward operating base (FOB) in Goma and the Kibati logistics base in North Kivu’s Nyiragongo territory.
Kenya’s president defends punitive economic plans as the East African nation marks 60th birthday
Recent attempts at reforms include a mandatory housing levy which courts struck down last month for being “discriminatory, irrational, arbitrary and against the constitution.”
Fake: Influential ‘Financial Times’ newspaper rubbishes story on US probe into Kenya Eurobond
In a November 30 post to X (archived), Sevastopulo also said the image was “a complete fake”, adding: “I did not write any story about Kenya.”
