Articles

  • 1 week ago | zawya.com | Anthony Kitimo

    Kenya is targeting traders involved in precious metals as the new frontier to curb money laundering and combat terrorism financing. The Kenyan government says it has tightened its response to money laundering after it was grey-listed by the Financial Action Task Force (FATF) in 2023. The grey list contains countries that are actively working with the FATF to address loopholes in countering money laundering, terrorist financing, and proliferation financing.

  • 1 week ago | zawya.com | Anthony Kitimo

    Mombasa port projects an increase in transshipment cargo after Kenya lifted the seven-year ban of stripping of cargo in containers at the port before onward delivery by dhows and barges to Zanzibar and Pemba. The Kenya Revenue Authority (KRA) announced reintroduction of stripping, which is destuffing containerised cargo, after putting in place measures to curb smuggling, where before cargo is diverted in the ocean and finds its way into the East African Community (EAC) market.

  • 3 weeks ago | businessdailyafrica.com | Anthony Kitimo

    Hundreds of dealers in precious metals and stones face cancellation of trade permits from next week if they fail to register with the Financial Reporting Centre (FRC) as Kenya strengthens efforts to combat illicit financial flows and potentially get off the Financial Action Task Force's (FATF) grey list.

  • 3 weeks ago | nation.africa | Anthony Kitimo

    The government of Sudan has rejected claims by President William Ruto that Khartoum was still buying Kenyan tea despite a ban on trade with Nairobi. President Ruto had on Monday claimed that Kenyan tea is still on sale in Sudan despite a trade ban and urged farmers not to worry about losing the key market. "We are still selling tea to Sudan even after they said they are not buying our tea. The market itself has forced them.

  • 3 weeks ago | businessdailyafrica.com | Anthony Kitimo

    The Kenya Ports Authority (KPA) targets to accommodate medium-range container ships with a new Sh15.7 billion ($ 122.030 million) upgrade project at the Mombasa port which will also include the construction of a new berth. Disclosures showed that KPA will this year construct a new berth 19B to serve container ships of 45,000 Deadweight Tonnage (DWT) and to have a design depth of Construction Datum Level (CDL) of 13.5metres-- a level so low that the tide will not frequently fall below it.

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