How Trump's migrant crackdown has strained Kenyan households, economy

A growing financial crisis looms over millions of Kenyan households and the embattled economy, driven by a sharp, two-month drop in critical diaspora remittances.

By 5 days ago

Luanda summit targets Africa's $100 billion infrastructure funding gap

African heads of state will gather in Luanda from October 28-31 for a high-stakes summit aimed at closing the continent’s $100 billion annual infrastructure funding gap.

By 5 days ago

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China hits US over cold-war tactics on aid to Kenya and trade threats

Chinese ambassador to Kenya Guo Haiyan said the US “cold-war mentality and hegemonic behaviour” to disrupt China-Kenya cooperation is “resolutely opposed.”

By 7 days ago

Co-op Bank posts Sh14.1b profit amid branch, digital expansion

Earnings were supported by a 10.8 per cent growth in operating income, which increased to Sh43.5 billion.

By 8 days ago

China-Kenya mark WWII victory, urge global unity

The event underscored China's immense sacrifices during the conflict and drew parallels with Kenya's own historical struggle for independence, with a strong call for robust international cooperation.

By 7 days ago

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How one player could take over Kenya's cement market

Questions are now being raised on the latest acquisition foray by the Tanzanian businessman, which will likely create a dominant player in the Kenyan and regional market.

By 9 days ago

KCB shareholders set for record Sh13b dividend boom on half-year profit jump

KCB Group board of directors has recommend a Sh13 billion payout, which includes a special dividend related to the sale of the National Bank of Kenya (NBK). 

By 9 days ago

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How Kenya's bad loan crisis is forcing families to give up homes, land

These loans are considered to be in default and are at high risk of not being repaid in full.

By 12 days ago

Revealed: Inside the borrowing trends in Kenya

The report, based on direct feedback from Tala customers, highlights how digital credit is reaching previously underserved populations.

By 13 days ago

How credit is driving quiet revolution in borrowing trends

A striking nine out of 10 Kenyans reported an improvement in their quality of life, and 89 per cent feel more in control of their finances after taking a digital loan.

By 14 days ago

Premier Bank rows on wearable payment to revolutionise digital banking

The move, in partnership with MasterCard, underscores a broader push among Kenyan lenders to enhance financial inclusion and adapt to evolving digital payment trends.

By 14 days ago

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Broke Treasury speeds up KPC sale in bid to raise Sh100b

The cash-strapped National Treasury is aggressively pushing for the rapid sale of a stake in the state-owned Kenya Pipeline Company (KPC).

By 16 days ago

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Singapore's renewed bid to tap into growing Kenyan market

Unlike traditional powers fixated on minerals, Singapore builds partnerships from the ground up

By 17 days ago

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How Kenyan banks are losing billions to fraud

The revelations come as the Central Bank of Kenya (CBK) faces public scrutiny for failing to prevent bank failures linked to ill health and governance weaknesses. 

By 18 days ago

Tata Chemicals to pause Kenya operations for major upgrade

Shutdown, while significant, is a temporary measure designed to accommodate the commissioning of a new kiln.

By 19 days ago

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Exporters brace for Trump blow after Kenya fails to seal trade deal

Nairobi failed to secure a trade deal within the 90-day window that closed on Friday. Tariffs on exports to the US could revert to 10 per cent, costing export earnings Sh13b.

By 20 days ago

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Why State is rushing to sell huge stake in cash-rich Kenya Pipeline

Government plans to sell at least 60 per cent of the shareholding in Kenya Pipeline Company through an initial public offering on NSE, which could net more than Sh80 billion.

By 20 days ago

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Kenya's debt spirals as revenue crisis threatens economic stability

President William Ruto's ambitious economic model (Rutonomics) is confronting its most significant test, even as new data reveals a surging national debt.

By 25 days ago

Cybersecurity, trust woes slow Kenya's e-commerce growth

Kenya’s booming e-commerce sector faces significant headwinds from persistent cybersecurity threats and a lack of consumer trust, a new government draft policy shows. 

By 25 days ago

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IMF flags Sh175b fuel levy plan over debt, transparency risks

The National Treasury says the securitisation move will fast-track road construction and clear pending bills by converting future fuel levy revenues into tradeable securities.

By 25 days ago

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IMF to share Kenya governance diagnostic draft with government

IMF has made governance reforms and anti-corruption measures a cornerstone of its future financial support to Kenya.  

By 26 days ago

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De La Rue counts heavy cost of unceremonious Kenya exit

Closure of British currency printer’s lucrative Kenyan unit saw revenue in its currency division plummet by 18.7 per cent to Sh35.94 billion in 2023 from Sh44.19 billion.

By 28 days ago

Kenya and rest of Africa lagging in green energy wave, UN warns

The report emphasises, "government action must steer markets by providing coherent and sustained long-term policy signals, regulatory frameworks, and market incentives." 

By 27 days ago

Djibouti opens market for Kenya's miraa exports

Kenyan miraa, also known as khat, has been cleared for export to Djibouti, marking a significant new market opportunity for farmers and traders of the lucrative stimulant crop. 

By 30 days ago

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Revealed: How select oil importers shared more than Sh32 billion

The controversial G-to-G fuel import deal, touted as a way to ease dollar liquidity and stabilise the shilling, has seen billions of shillings disbursed to a select group of oil marketers. 

By 1 month ago

Moody's sees risks to Kenya's economic recovery

Kenya's medium-term fiscal consolidation, critical for any potential ratings upgrade and access to more affordable international capital, is likely to get more challenging.

By 30 days ago

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How Trump's new policies are pushing Kenya towards China

Kenyan manufacturers are bracing for severe economic consequences as the Trump administration prepares to reinstate 10 per cent tariffs on key exports.

By 1 month ago

KRA's Sh47.3b tax shortfall hits Ruto's economic agenda amid fiscal strain

Kenya's fiscal stability faces fresh challenges after the Kenya Revenue Authority fell Sh47.3 billion short of its tax collection target for the fiscal year ending June 30, 2025.

By 1 month ago

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Why an acre of land in Eastleigh and South B will cost you Sh600 million

The report released on Thursday indicates that Eastleigh and South B recorded average land prices of Sh600 million per acre. 

By 1 month ago

Economy feels the pinch as June inflows drop Sh2.1b

Data from the Central Bank of Kenya reveals that diaspora remittances to Kenya declined by $17 million (Sh2.1 billion), or 3.86 per cent, in June.

By 1 month ago

Centum maintains dividend payout following Sh813 million net profit

Centum Investment Company Plc has maintained its dividend payout after reporting a consolidated net profit of Sh813 million for the financial year ended 31 March 2025.

By 1 month ago

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Kenya's exports brace for Sh13b blow as Trump tariffs resume

Despite last-ditch negotiations by Foreign Affairs CS Musalia Mudavadi, Nairobi has been unable to clinch an interim deal.

By 1 month ago

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Why IMF is demanding corruption audit on Kenya

Kenya’s quest for billions in crucial financing from the IMF now hinges on its commitment to tackle endemic corruption. 

By 1 month ago

Digital loans challenge credit norms, boost income

Those granted digital loans were nearly 24 per cent more likely to be employed or self-employed compared to a control group of rejected applicants.

By 1 month ago

Cameroon's George Elombi to take over Afreximbank's leadership

The African Export-Import Bank (Afreximbank) named veteran executive Dr George Elombi as its next president and board chairman on Saturday.

By 1 month ago

Standard Chartered partners with CISI to boost wealth management expertise

The programme offers a broad introduction to the financial services professional sector, with a specific focus on investments from a global perspective

By 1 month ago

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 1 month 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 1 month 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 1 month 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 1 month ago