Oramah's new book foresees intra-African trade doubling in decade

The updated “Foundations and Evolutions of Structured Trade Finance” argues that implementation of AfCFTA should boost regional commerce from its current 15-17% share of Africa's total trade.

By 9 days ago

Outgoing Afreximbank's president Oramah hailed as continental integration engine

Under his command, Afreximbank became the operational backbone of Africa’s integration ambitions.

By 9 days ago

AAR slashes sickle cell test costs in accessibility drive

The hospital will offer comprehensive blood tests, known as full haemograms (which analyse red and white blood cells, haemoglobin, and platelets), for Sh500

By 10 days ago

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Will zero-tariff fix Kenya-China trade imbalance?

Kenya is increasingly pivoting towards Beijing, seeking to leverage China’s expanded zero-tariff trade policy to address a widening trade imbalance that favours the Asian economic giant.

By 12 days ago

Kenya braces for new economic shocks as Israel-Iran war escalates

Kenya is bracing for significant economic repercussions as the escalating conflict between Iran and Israel threatens to disrupt global trade routes.

By 12 days ago

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China signals breakthrough in new financial talks with Kenya

China on Wednesday hinted that Kenya’s urgent request for a key financial cooperation pact is likely to succeed.

By 16 days ago

No more delays as CBK extends payment hours for 24-hour economy

The banking regulator will extend the operating hours of its critical national payment system from July 1, aiming to significantly boost Kenya’s transition towards a round-the-clock digital economy.

By 17 days ago

Kenyan farmers urged to tap into China's zero-tariff market

China is committed to implementing zero-tariff treatment on all tariff lines for 53 African nations with which it maintains diplomatic relations.

By 17 days ago

IFC disburses Sh2.6b to Centum Re's 2,000 affordable houses

IFC has disbursed Sh2.6 billion Centum RE to finance the construction of 1,940 affordable, energy-efficient homes in Nairobi’s Two Rivers Development.

By 20 days ago

Manufacturers warn new rules on alcohol will hurt production

Firms say regulations could undermine their competitiveness and inadvertently fuel the illicit alcohol market.

By 20 days ago

Bitter IMF austerity pill return overshadows budget unveiling

The Bretton Woods institution has demanded deep cuts to public spending, which could impact public jobs as part of a new funding deal.

By 25 days ago

Beijing opens door to Africa with zero tariffs amidst global turmoil

Chinese President Xi Jinping said the move provides ‘new impetus’ for shared development in a world defined by ‘changes and turbulence’.

By 24 days ago

Kenya pushes China to seal key pact ahead of new financial year

  Kenya is pressing its largest bilateral creditor, China, to finalise a crucial financial cooperation agreement by the end of this month, which marks the start of a new financial year.  

By 25 days ago

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Kenya steps up China charm offensive amid US trade scrutiny

It saw Kenya and China elevate their relationship to a strategic partnership and sign 22 Memoranda of Understanding (MoUs) spanning infrastructure, trade, health, and security.

By 26 days ago

African payments system taps more States to grow trade, cut forex woes

For companies like Kenya Airways (KQ), the system offers a potential lifeline against persistent issues of blocked funds.

By 27 days ago

Mudavadi meets China's Wang Yi to formalise bilateral deals

Mudavadi’s visit follows President William Ruto's state visit to China in April, where he and Chinese President Xi Jinping outlined broad areas of cooperation.

By 26 days ago

Kenyan firms urged to join Algeria Trade Fair

Kenyan businesses have been urged to participate in the upcoming Intra-African Trade Fair (IATF 2025) in Algeria.

By 27 days ago

State's double-speak as it blocks licence for top EU tour operator

Europe’s largest tour operator, TUI, has suspended its planned expansion in Kenya, including the development of new hotels, after being denied a crucial charter licence.  

By 29 days ago

Firms feel heat of cost of living crisis as Kenyans cut spending

The Stanbic PMI for May fell below the 50.0 mark for the first time since September last year, signalling a deteriorating economic health.

By 29 days ago

Over 700 firms seek CBK licence amid crackdown on predatory digital lenders

The Central Bank of Kenya (CBK) revealed the overwhelming interest as it announced the licensing of an additional 41 firms, bringing the total number of regulated lenders to 126.

By 1 month ago

CMA to shake up boards, C-suites of blue-chip firms with new rules

The Capital Markets Authority (CMA) is set to crack down on errant listed firms with the new, stringent corporate governance regulations that are poised to become law.

By 1 month ago

Kenya joins China-backed UN-style mediation body

The body is heralded as the world's fastest intergovernmental organisation dedicated to mediation, designed to address state-to-state disputes.

By 1 month ago

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Ruto's economy: World Bank flags missing Gen Z jobs, rising poverty

The World Bank has delivered a mixed economic scorecard on President William Ruto's administration.

By 1 month ago

International mediation body offers 'faster, cheaper' path to justice

Ding said mediation offers a “win-win”solution compared to adversarial litigation or arbitration, which can strain diplomatic relations and drag on for years.

By 1 month ago

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How Africa is fighting global protectionism through AfCFTA

With global protectionism surging, Kenya and other African countries are increasingly looking towards intra-continental trade as a bulwark against this tide.

By 1 month ago

AI-powered humanoids likely to take over factories by 2027, Chinese firm says

The Shenzhen-based company, which specialises in robotics, is currently fine-tuning its research and development efforts to make this vision a reality.

By 1 month ago

Mbadi seeks Kenyans' help for inaugural post-Gen Z protest budget

In a public notice, Mbadi invited Kenyans to submit "budget tips or suggestions" for consideration ahead of his Budget Statement to Parliament on June 12, 2025. 

By 1 month ago

Economic resilience through AfCFTA: Inside Africa's new path to self-sufficiency

Kenya and other African countries are increasingly looking to intra-continental trade through the AfCFTA as a vital bulwark against a surging tide of global protectionism.

By 1 month ago

China-backed mediation body poised to reshape global disputes

This new body aims to offer a flexible alternative for resolving international disagreements amid rising global tensions and challenges to traditional dispute resolution systems.

By 1 month ago

Afreximbank roots for Caribbean-Africa Trade amid rising global tensions

Professor Benedict Oramah emphasised the urgency noting that despite deep historical bonds, trade between the two regions currently stands at less than 1% of their total exports.

By 1 month ago

Lessons Kenya can learn from China's ruling Communist Party

With over seven decades in power, the party emphasises the importance of remembering its "initial aspirations" – to wholeheartedly serve the people.

By 1 month ago

NCBA Group appoints new executive to lead Kenya unit

Tier one lender NCBA Group has appointed international banking executive James Gossip as the new managing director of its Kenyan unit. 

By 1 month ago

Kenya's top lender KCB posts Q1 profit of Sh16.53b, StanChart takes a hit

Kenya’s largest lender by assets, KCB Group, posted an after-tax profit of Sh16.53 billion in the first quarter of the year ending March.

By 1 month ago

Co-op Bank first quarter profit up 5.3pc to Sh6.9b amid expansion push

Co-op Bank has reported a by 5.3 per cent growth in profit after tax for the first quarter of 2025, driven by income growth, as the tier one lender expands its footprint across Kenya and South Sudan.

By 1 month ago

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CBK rejects banks' rate cap claims, digs in on Ruto's loan reforms

The Central Bank of Kenya (CBK) has dismissed commercial lenders' claims that its proposed loan pricing reforms amount to a return to “interest rate capping.”

By 1 month ago

'Ni hao' Kenya roses!: China's flower lovers say yes

Currently, logistical hurdles mean Kenyan flowers are primarily sold on order in China, bypassing the dynamic auction system that defines Dounan's daily rhythm.

By 1 month ago

China's tea festival showcases poverty-fighting model for Kenyan farmers

An integrated approach to value addition, proactive market development, and comprehensive farmer support could offer insights for nations like Kenya.

By 1 month ago

Chinese wine makers aim for global dominance

Once primarily known for its consumption, the nation is now home to ambitious winemakers like Qingdao Huadong, setting their sights on global recognition.

By 2 months ago

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Showdown looms as banks reject CBK's cheap loans reform plan

Banking industry interprets this review process as a form of price control. Under the new radical reforms, the State also proposes to subject banks’ loan mark-ups to regulatory scrutiny.

By 2 months ago

Local banks bet on Pan-African payment system to spur trade

Kenya's leading lenders KCB Group and Equity Group, are strategically aligning with the Pan-African Payment and Settlement System to capitalise on intra-African trade.

By 2 months ago