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Inside Ruto's four years of delayed, unfulfilled grand promises

Nearly four years into President Ruto’s term, rising prices, taxes and unfulfilled campaign pledges have intensified pressure on Kenyan households, a review shows.

By Brian Ngugi 3 days ago

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Raila's dream lives on in Ruto's Vision 2060

Raila Odinga may never have lived to implement his lofty ideas as president, but his influence, it seems, is outlasting long after he passed on.

By Brian Ngugi 4 days ago

Historic El Nino threat raises fresh risks for Kenya's economy and food security

Kenya is staring down the barrel of its most powerful El Nino in more than four decades, with forecasters and economists warning of a potential catastrophe

By Brian Ngugi 6 days ago

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Stanbic Bank records marginal jump in half-year profit to Sh6.6b

Stanbic Holdings posted a marginal rise in half-year profit to Sh6.61 billion but cut its interim dividend by more than half despite stronger asset quality.

By Brian Ngugi 6 days ago

NCBA to give Sh6b dividend as profit up 12pc

NCBA declared a Sh6.18 billion interim dividend after strong half-year profits, as Nedbank's planned majority acquisition awaits regulatory approval.

By Brian Ngugi 7 days ago

Agency races against time to wrap up Sh20b WB power project

The government is racing against a tightening one-month window to complete a Sh20 billion World Bank-funded project to bring solar electricity and clean water to 14 underserved counties.

By Brian Ngugi 7 days ago

Kingdom Bank partners with AWEP Kenya to boost women-led businesses

Kingdom Bank, a subsidiary of Co-operative Bank of Kenya, has partnered with the African Women's Entrepreneurship Programme (AWEP) Kenya to revitalise women-led enterprises.

By Brian Ngugi 7 days ago

Kenyan creatives eye bigger payday as Ugandan film awards go continental

Kenyan filmmakers are positioning themselves for a bigger slice of Africa's $5 billion (Sh650 billion) film industry as a Ugandan awards ceremony expands across the continent.

By Brian Ngugi 7 days ago

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Ruto's privatisation push boosts forex reserves to record $15.4b

Kenya's foreign exchange reserves surged to a record $15.4 billion (Sh1.99 trillion) in the week ended July 30, providing the country with 6.4 months of import cover, the apex bank said on Friday.

By Brian Ngugi 9 days ago

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Uganda takes control of Kenya Pipeline as Museveni secures veto power, two board seats

Uganda has gained board seats and veto powers at KPC, raising concerns over Kenya's control of its strategic fuel transport infrastructure.

By Brian Ngugi 9 days ago

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Of Vision 2060: Can Ruto build Kenya's future amid a trail of failed projects?

President William Ruto stood before the nation last week and invited Kenyans to what he called "the most consequential national conversation since the adoption of our Constitution in 2010."

By Brian Ngugi 10 days ago

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Strain on households mounts as inflation holds stubbornly above 6pc

Kenyan households are facing mounting financial pressure as annual inflation accelerated to 6.5 per cent in July from 6.4 per cent in June.

By Brian Ngugi 11 days ago

Safaricom halves M-Pesa merchant fees in CBK-led move

Safaricom has slashed charges on transferring funds from business tills to mobile wallets and Paybill numbers.

By Brian Ngugi 11 days ago

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Inside Ruto's Vision 2063 grand road map

President William Ruto has launched an ambitious bid to craft Kenya's next long-term development blueprint

By Brian Ngugi 12 days ago

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The men behind Ruto's next big plan for Kenya

The men behind Ruto’s next big plan for Kenya

By Brian Ngugi 12 days ago

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Kirubi family tops Sh521m Centum dividend windfall

Billionaire heirs of the late industrialist Chris Kirubi and other top shareholders are set for a bumper payday after Centum Investment Company declared a record Sh521 million dividend.

By Brian Ngugi 12 days ago

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Safaricom shareholders back changes as State cedes control

Safaricom shareholders have approved landmark governance changes that formalise the end of State dominance in East Africa's most profitable company.

By Brian Ngugi 12 days ago

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Beyond 2030: Putting new wine in old wineskins?

President William Ruto’s planned launch of the Beyond Vision 2030 blueprint is the latest in a series of development strategies that Kenya has adopted since independence

By Brian Ngugi 12 days ago

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More Kenyans ditch money market funds for higher-yielding special schemes

Although MMFs remain the largest investment category, their market dominance has fallen significantly as special funds and fixed income funds gain market share.

By Brian Ngugi 13 days ago

Ruto unveils new development vision as 'hustlers' struggle with living costs

Ruto acknowledged that Vision 2030's ambition of making Kenya an upper-middle-income country by 2030 remains "off target".

By Brian Ngugi 13 days ago

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State suspends century-old Tata Chemicals Magadi, putting jobs at risk

The President William Ruto government has ordered the immediate suspension of all mining operations by Tata Chemicals Magadi Limited, in a dramatic escalation of regulatory dispute

By Brian Ngugi 14 days ago

Inside Safaricom's multi-billion shilling bet on AI

As Safaricom embarks on its next phase under a new shareholding structure, it is investing billions of shillings to embed artificial intelligence into its products and services.

By Brian Ngugi 13 days ago

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Survey: Why Gen Zs feel Kenya is heading in the wrong direction

Eight in 10 young Kenyans, 80 per cent, say the country is moving in the wrong direction, while 79 per cent say the national economy is heading the same way.

By Brian Ngugi 15 days ago

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Somali blueprint becomes survival guide for Kenyan NGOs amid aid exodus

As USAID cuts and shrinking Western donor funding reduce global aid, Kenyan civil society organisations are turning to locally driven funding models championed by Adeso.

By Brian Ngugi 14 days ago

Sh12.9b facility pact to boost SME lending

KCB Bank Kenya has signed a $100 million (Sh12.9 billion) financing facility with the European Bank for Reconstruction and Development to expand credit access for MSMEs

By Brian Ngugi 15 days ago

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Of fuel crisis and Ruto's fresh headache

Rising Middle East tensions and Houthi threats to Red Sea shipping routes have pushed up global oil prices, creating fresh pressure on President William Ruto’s government.

By Brian Ngugi 16 days ago

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EAC Central banks turn to gold in effort to revive single currency by 2031

East African central bank governors have renewed efforts to launch a single regional currency by 2031 while strengthening economic resilience through reserve diversification.

By Brian Ngugi 16 days ago

Banks explore AI-powered early warning system to curb bad loans

Kenyan commercial banks are in talks with US technology firm IronOne Technologies to deploy an AI platform designed to predict borrower defaults up to six months in advance.

By Brian Ngugi 15 days ago

Afreximbank returns to US dollar bond market with $1.5 billion

African Export-Import Bank has raised $1.5 billion in its largest-ever bond issuance, marking a triumphant return to the US dollar public market after a five-year absence.

By Brian Ngugi 15 days ago

Local lenders scoop top honours at 2026 Euromoney Awards

Two local lenders have been feted in different categories at the recently held 2026 Euromoney Awards for Excellence.

By Brian Ngugi 22 days ago

Co-op Bank named Kenya's best retail, digital bank at 2026 Euromoney Awards

Co-op Bank has been named Kenya's Best Retail Bank and Best Digital Bank at the 2026 Euromoney Awards, recognising its strong financial performance and digital transformation.

By Brian Ngugi 23 days ago

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NCBA sale complete as Kenyatta, Ndegwa families cash in on Sh109b in Nedbank deal

The deal will see Kenyatta families and former Central Bank governor Philip Ndegwa emerge as major beneficiaries of a transaction valued at approximately Sh109.6 billion.

By Brian Ngugi 22 days ago

Safaricom, KPC receipts to push Kenya's forex reserves to 7-month high - CBK

Kenya's foreign exchange reserves are set to climb to a seven-month high, bolstered by proceeds from the sale of a 15 per cent government stake in telecoms giant Safaricom

By Brian Ngugi 28 days ago

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Ruto secures Sh43bn loan

The Ruto Treasury has already omitted IMF funding from the national budget for the year starting July.

By Brian Ngugi 29 days ago

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Beverage price wars loom as Indian billionaire acquires Kenyan firm for Sh4.8b

Kenya's soft drinks market is on brink after Indian billionaire Ravi Jaipuria snapped up a Kenyan dairy and juice plant for $32 million (Sh4.8 billion).

By Brian Ngugi 30 days ago

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Kenya loses control as SA's Vodacom wins Safaricom CEO post

Vodafone Kenya, a subsidiary of South Africa's Vodacom Group, will gain the power to nominate Safaricom's next CEO, under governance changes set for a shareholder vote later this month.

By Brian Ngugi 1 month ago

Sidian Bank, KBA and CISI partner to strengthen credit risk skills

Sidian Bank has partnered with the Kenya Bankers Association Institute (KBAI) and the Chartered Institute for Securities & Investment (CISI) to strengthen the professional competencies of its staff

By Brian Ngugi 1 month ago

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Ruto clears the way for CBK to buy gold locally, flags surge in demand

President William Ruto has signed a new law allowing the CBK to buy and hold locally mined gold, a move aimed at strengthening foreign reserves and supporting the country's mining sector.

By Brian Ngugi 1 month ago

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Kenya's AGOA test as Trump reviews Ruto's governance record

Kenya’s duty-free access to the US market under AGOA faces fresh scrutiny as the Trump administration reviews the country’s eligibility amid concerns over governance, corruption and human rights.

By Brian Ngugi 1 month ago

Nairobi onboards blue-chip firms in race for financial hub status

President William Ruto's government has been stepping up efforts to attract global capital.

By Brian Ngugi 1 month ago