Kenya’s balance of payments slips into deficit position Kenya’s balance of payments has slipped into a deficit position following a drop in financial inflows, in the absence of the Eurobond and amidst low tourist numbers, wiping out gains of a lower import bill. This means there…

Uchumi shuts down Syokimau Railway branch Retail Chain Uchumi Supermarkets has shut down one of its outlets along Mombasa Road citing poor location. The move is part of the retailer’s reorganisation expected to cut costs and drive it back to profitability. The branch was shut down…