Premium

Report: Public debt payments starving hospitals and schools

Kenya is now spending more money to service its public debt than on education, health and social protection combined, a new report has shown.

By 1 day ago

Michuki firm, Nairobi County clash over ownership of prime land parcels

A firm owned by the family of the late former Cabinet Minister John Michuki has accused the Nairobi County of orchestrating the illegal takeover of two prime parcels of land.   

By 2 days ago

Premium

Why Kenya's manpower is turning to US lottery

A recently published US State Department’s November 2025 Visa Bulletin shows that 3,949 Kenyans were selected for this year’s much-sought-after “Green Card.”

By 2 days ago

Sigh of relief for Mukuru residents after connection to low-cost sewer system

More than 80,000 residents of Nairobi's Mukuru informal settlement are now connected to a new, low-cost sewer system, Nairobi Water and Sewerage Company has said.

By 2 days ago

Christmas business lifeline hopes dashed by tight budgets

Business leaders in the country are confronting weak consumer spending and persistent cash flow crises, a Central Bank of Kenya survey has shown.

By 6 days ago

Premium

Taxpayers to cough Sh243m legal fee after Adani-JKIA deal flopped

Taxpayers are facing a Sh243.2 million legal bill, nearly 20 times the original budget, for the controversial and ultimately cancelled plan to hand control of JKIA to to India’s Adani Group.

By 9 days ago

Premium

Why IMF is yet to seal deal with Kenya

Any new IMF programme is expected to come with stringent conditions, likely including deep spending cuts, reforms to bloated State-owned enterprises, and enhanced tax measures.

By 11 days ago

Premium

State calls for advisers as it moves to open pipeline jewel to investors

The Kenya Kwanza government has officially launched the process to privatise the state-owned Kenya Pipeline Company (KPC), setting an ambitious completion deadline of March 31, 2026. 

By 13 days ago

Premium

Why wait for cheaper loans is taking long

Only one of Kenya’s 38 commercial banks has so far sought regulatory approval for a new, transparent loan pricing model, the CBK Governor Kamau Thugge revealed.

By 14 days ago

African trade forum charts own path to fund SMEs

SMEs form the backbone of African economies including Kenya, constituting over 90 per cent of businesses and providing the majority of employment.

By 14 days ago

Oil marketer Galana opts for direct customer engagement as it celebrates 25 years

Kenyan-owned oil marketer Galana Energies Ltd, is celebrating a quarter-century of operations with a week of customer appreciation events, highlighting its local ownership in a competitive market.

By 15 days ago

KCB Group commits Sh53b to green finance projects

Tier one lender KCB Group has allocated Sh53.2 billion to green projects in a move that places sustainable finance at the heart of its strategy.

By 15 days ago

Premium

Regulatory gaps, discounts: Red flags mount over EAPC stake sale

A parliamentary committee probing the proposed sale of a substantial stake in East Africa Portland Cement has uncovered alarming irregularities.

By 16 days ago

Premium

Why CBK, banks are fighting over cheaper credit

Banks are pushing for a further cut in the CBK’s benchmark lending rate, arguing that low inflation and a stable Shilling provide room to stimulate sluggish private sector credit growth.

By 16 days ago

UN fund champions 'sanitation economy' to tackle crisis in Kenya

Dominic O'Neill said traditional models of financing large, centralised sewer systems have failed to keep pace with need, leaving billions behind.

By 16 days ago

Premium

CBK cuts key lending rate, defies banks' calls for sharper cuts

Monetary Policy Committee cuts Central Bank lending rate to 9.25 per cent from 9.5 per cent, cites resilient Kenyan economy

By 15 days ago

Co-op Bank wins global award for SME product innovation

Co-operative Bank of Kenya has been recognised for its pioneering work in small business finance, winning the “Product Innovation of the Year (Africa)” award at the Global SME Finance Awards 2025.

By 17 days ago

Premium

Deal or no deal? Why cash-strapped government is awaiting IMF bailout

A positive decision will provide a vital lifeline, unlocking access to cheaper financing and restoring investor confidence with a rejection signalling deepening economic troubles.

By 17 days ago

Premium

Inside MPs' plan to free Kenyans from clutches of rogue lenders

Parliament is considering a petition to introduce a law imposing a strict cap on debt repayments.   

By 18 days ago

Premium

Debt crisis: Kenya secures another Sh193.8 billion Eurobond

Kenya is borrowing billions of dollars to pay off old debts in a high-stakes financial strategy that economists warn may only postpone a deeper fiscal crisis

By 19 days ago

Kenya Re extends MD's suspension

Kenya Reinsurance Corporation has announced the extension of Managing Director Dr Hillary Wachinga's suspension for an additional 21 working days.

By 19 days ago

Premium

Why traders selling fake goods risk 10-year jail term, Sh20m fine

The proposed law, now subject to parliamentary debate, casts a wide net, holding all players in the supply chain accountable. 

By 20 days ago

Tala bets on tech to serve underbanked in expansion plan

The move marks the latest international expansion for the global fintech, which is deploying its proprietary ‘Tala in a Box’ software platform to quickly establish operations.

By 20 days ago

Premium

New Ketraco power projects spark tendering transparency concerns

The government faces a fresh transparency challenge over new power transmission projects, as regulators seek public input after the cancellation of the Sh94.9 billion deal with Adani Group.

By 21 days ago

Premium

Blow to Treasury as KRA misses target by Sh20b

KRA missed its tax collection target by Sh20.1 billion in July alone, the National Treasury has revealed, dealing a severe blow to President William Ruto’s economic plan.

By 21 days ago

Africa wins key seats at UN aviation body, boosts push for single air market

The success at the International Civil Aviation Organization's (ICAO) 42nd Assembly in Montreal gives Africa nearly a quarter of the seats on the 36-member ICAO Council.

By 20 days ago

Premium

Kenya looks to China's duty-free access after Agoa pact expires

China has pledged to work with Kenya to ensure the swift implementation of zero-tariff trade treatment.

By 22 days ago

Government presses China to unlock stalled projects

Prime Cabinet Secretary Musalia Mudavadi said the government is in advanced talks with Chinese firms to unlock the mega infrastructure projects along the western corridor.

By 22 days ago

Premium

State bans Saccos from borrowing to pay dividends

CS Wycliffe Oparanya warned that any Sacco intending to procure an external loan must now obtain written approval from the Commissioner. 

By 26 days ago

Africa cites growth in push for greater representation at UN's aviation body

African nations are making a coordinated push for greater representation on the governing council of the UN's aviation agency, arguing a stronger voice is essential to shape global rules.

By 27 days ago

Premium

Bitter pill for tax payers as broke government rushes back to IMF

Windows to borrow domestically and from foreign lenders have shrunk. 

By 28 days ago

Research hub launched to bridge skills gap

A Princeton University-linked initiative has launched a major research hub in western Kenya designed to directly address the critical skills gap hindering economic growth.

By 29 days ago

Premium

Why KRA is after Netflix, ChatGPT and Airbnbs

From Netflix to ChatGPT, global digital platforms now face direct taxation on income from Kenyan users.

By 29 days ago

How a free Nairobi medical camp exposed Kenya's reproductive health crisis

A total of 116 of the 180 attendees sought out gynecological care, while breast surgery and dermatology were the next most sought-after services

By 1 month ago

Premium

Jobs worry as soap maker PZ Cussons mulls over Kenya future

British consumer goods company PZ Cussons, has launched a strategic review of its operations in Kenya, raising concerns over the future of local jobs.

By 1 month ago

Princeton-backed innovation hub launches in Kenya to plug skills gap

PASER aims to create a new model for development where municipalities and devolved governments use data-driven research to train a new generation of professionals and attract investment.

By 29 days ago

Premium

Tea farmers appeal for UK law to promote justice and fair pay

More than 250 Kenyan tea farmers and workers are calling on the UK government to introduce new mandatory Human Rights and Environmental Due Diligence (HREDD) legislation.

By 1 month ago

Premium

Kenya faces sobering debt crisis reality after Eurobond high

While the risk of immediate default after the repayment of the Sh260 billion debt may have receded, the underlying structural problems remain.

By 1 month ago

Premium

Why global ratings agency is doubting Mbadi's debt strategy

Kenya’s growing debt has caught the eye of authorities including Controller of Budget.

By 1 month ago

Banks ink Sh107b deal to fund Kilifi's special economic zone

KCB Group and the Afreximbank have signed a Sh107 billion joint funding agreement to operationalize the Vipingo Special Economic Zone. 

By 1 month ago