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    Moet & Chandon ink partnership with premier restaurant Oysters & More

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    Ann Kananu takes over as Deputy Governor but….

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    KEBS bank accounts frozen over 2 billion

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    Tatu City Partners with Konza to Attract Investors to Kenya

    LG unveils premium monitors

    LG unveils premium monitors

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    Moet & Chandon ink partnership with premier restaurant Oysters & More

    Moet & Chandon ink partnership with premier restaurant Oysters & More

    Sarova introduces new brands as it diversifies into standalone restaurants

    Sarova introduces new brands as it diversifies into standalone restaurants

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    Tatu City Partners with Konza to Attract Investors to Kenya

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    LG unveils premium monitors

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    Price of bread rises to Ksh55

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    Samsung Galaxy S21 is now out,pre orders open in Kenya

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    Brace for harsh times as fuel pump price hikes

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    6.5 million register new mobile money accounts in 2020 -CBK

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    KRA wins Kshs 105.6 million case against Mars Logistics Limited

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    Tatu City Partners with Konza to Attract Investors to Kenya

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    LG unveils premium monitors

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    Wairegi leaves Britam after 40 years, in-comes Tavaziva Madzinga

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    Wairegi leaves Britam after 40 years, in-comes Tavaziva Madzinga

    Wairegi leaves Britam after 40 years, in-comes Tavaziva Madzinga

    Moet & Chandon ink partnership with premier restaurant Oysters & More

    Moet & Chandon ink partnership with premier restaurant Oysters & More

    Ann Kananu takes over as Deputy Governor but….

    Ann Kananu takes over as Deputy Governor but….

    New land Scandal pits Kalonzo vs Ruto

    New land Scandal pits Kalonzo vs Ruto

    Sarova introduces new brands as it diversifies into standalone restaurants

    Sarova introduces new brands as it diversifies into standalone restaurants

    KEBS bank accounts frozen over 2 billion

    KEBS bank accounts frozen over 2 billion

    Tatu City Partners with Konza to Attract Investors to Kenya

    Tatu City Partners with Konza to Attract Investors to Kenya

    LG unveils premium monitors

    LG unveils premium monitors

    UK’s Serious Fraud Office closes bribery investigations into British American Tobacco

  • Markets
    Moet & Chandon ink partnership with premier restaurant Oysters & More

    Moet & Chandon ink partnership with premier restaurant Oysters & More

    Sarova introduces new brands as it diversifies into standalone restaurants

    Sarova introduces new brands as it diversifies into standalone restaurants

    Tatu City Partners with Konza to Attract Investors to Kenya

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    LG unveils premium monitors

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    Price of bread rises to Ksh55

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    Samsung Galaxy S21 is now out,pre orders open in Kenya

    Samsung Galaxy S21 is now out,pre orders open in Kenya

    Brace for harsh times as fuel pump price hikes

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    6.5 million register new mobile money accounts in 2020 -CBK

    6.5 million register new mobile money accounts in 2020 -CBK

    KRA wins Kshs 105.6 million case against Mars Logistics Limited

    KRA wins Kshs 105.6 million case against Mars Logistics Limited

  • Real Estate
    Tatu City Partners with Konza to Attract Investors to Kenya

    Tatu City Partners with Konza to Attract Investors to Kenya

    National Bank and Octagon ink 100 billion service partnership

    National Bank and Octagon ink 100 billion service partnership

    Real Estate: Cytonn invites bids for this 4 acre piece of prime land in Kilimani

    Mizizi Africa Homes voted best low cost housing developer 2020

    Mizizi Africa Homes voted best low cost housing developer 2020

    Cytonn Hands Over Phase III of Comprehensive-Lifestyle Project, The Alma

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    32% of Kenyans to change houses over Covid-19

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    Kenyan Firm awarded Most Innovative Community Developer 

    Cytonn Real Estate completes The Alma Phase 3; 120 units set for handover

    Serviced Apartments Record Decline in Rental Yields

    Serviced Apartments Record Decline in Rental Yields

    Moad Capital, leading the homes of the future

    Moad Capital, leading the homes of the future

  • Tech
    LG unveils premium monitors

    LG unveils premium monitors

    Pesalink appoints Gituku Kirika as CEO

    Pesalink appoints Gituku Kirika as CEO

    Samsung Galaxy S21 is now out,pre orders open in Kenya

    Samsung Galaxy S21 is now out,pre orders open in Kenya

    realme C12 and 7i now Available In Kenya

    2021: realme to release more smartphone in Kenya

    Samsung banking on technology personalisation to increase market share

    Samsung banking on technology personalisation to increase market share

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    Millions Abandon Whatsapp over new Contentious Policy, Signal, Telegram record growth

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    Whatsapp to block users this February following new policy

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    Tough times ahead as taxis set to increase fares

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    Millions Abandon Whatsapp over new Contentious Policy, Signal, Telegram record growth

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    Terror group Al-Shabaab collects almost as much tax as the Somalia government – Report

  • KBF
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    Wairegi leaves Britam after 40 years, in-comes Tavaziva Madzinga

    Wairegi leaves Britam after 40 years, in-comes Tavaziva Madzinga

    Moet & Chandon ink partnership with premier restaurant Oysters & More

    Moet & Chandon ink partnership with premier restaurant Oysters & More

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    Ann Kananu takes over as Deputy Governor but….

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    DigiTrust: ICEA Lion Group bets on technology in the rewarding money market field

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    KEBS bank accounts frozen over 2 billion

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    Tatu City Partners with Konza to Attract Investors to Kenya

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    LG unveils premium monitors

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    Kenyan Passport among the most powerful in Africa

    ‘Beware of fake currency’, CBK Warns

    Diaspora remittances rose by 11 per cent to Sh341 billion in 2020 – CBK

    • Agribusiness
    • Banking
      ‘Beware of fake currency’, CBK Warns

      Diaspora remittances rose by 11 per cent to Sh341 billion in 2020 – CBK

      6.5 million register new mobile money accounts in 2020 -CBK

      6.5 million register new mobile money accounts in 2020 -CBK

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      SIB banks’ foreign investment arm records mild drop in returns

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      Octagon feted in 2020 World Pension Summit Innovation Awards

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      OPINION: Why Amina Mohammed’s Push to Head WTO is ill-timed

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Consumers pay more as cost of living hits 19-month high

by Kenyan Business Feed
April 30, 2019
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By PAUL WAFULA

The cost of living hit a 19-month high in April after inflation rate jumped to 6.58 per cent, the highest since September 2017.

The Kenya National Bureau of Statistics (KNBS) in its monthly updates yesterday said the rise was due to an increase in food prices, pushed up by drought, which has ravaged the country since last year.

“Between March and April 2019, food and non-alcoholic drinks’ index increased by 6.86 per cent. This increase was mainly due to drought conditions, which prevailed in the better part of April 2019, causing upsurge in the costs of some foodstuffs,” KNBS director general Zackary Mwangi said in a statement explaining the latest numbers.

The delay in short rains did not help the situation, given that the bulk of the country relies on rain-fed agriculture.

Inflation started changing its course last month when it reversed its downward trend to increase to 4.35 per cent.

If the current rise goes on, then it will shoot beyond the government’s target of 7 per cent. The last time inflation was above 6.58 per cent was in September 2017, when it stood at 7.06 per cent.

Inflation indicates the cost of living and a high rate means that consumers have lost their spending power, with the reverse holding the same. Sifted maize flour, kales (sukuma wiki), potatoes, loose maize grain and flour as well as tomatoes recorded increases of 29.82, 25.3, 19.27, 26.14, 15.90 and 15.31 respectively in April, compared to March 2019.

“These six items alone account for 6.25 per cent of the CPI weight. However, prices of sugar and some other food items were observed to be lower in April 2019 than in march 2019,” KNBS said yesterday.

Housing, water, electricity, gas and other fuels’ index also increased by 0.93 per cent in April compared to March 2019, mainly due to higher house rent and electricity.

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“The transport index increased by 0.86 per cent, mainly on account of increase in pump prices of petrol and diesel,” Mr Mwangi added. Inflation is a critical figure for policy makers as it influences almost every financial decision that governments make from wage increases to tax projections.

It is also used by banks and other investors to determine how much they should ask for their deposits and a rise has a direct impact on the direction of the cost of credit.

Besides weakening the ability of consumers to spend more, high inflation rates would hurt several other industries, especially the manufacturing sector, given that consumers will only be left with enough money to buy food and postpone buying to a time in future when their spending power will have improved.

This would slow down the country’s economic growth engine, which pushed the GDP growth to 6.3 per cent last year.



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