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Why Kenya-China zero-tariff deal has stalled

The deal is seen by local traders as a vital hedge against the recent loss of duty-free access to the United States (US) market.

By 2 days ago

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UN turns to China to plug aid deficit after Trump funding cuts

Massive cuts in US foreign aid left critical programs in limbo, prompting the agencies to seek Chinese support.

By 2 days ago

Absa books 15pc profit jump to Sh17b despite revenue dip

Absa Bank Kenya weathered a marginal decline in total revenue to post a 15 per cent jump in profit for the nine months to September this year.

By 2 days ago

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UN agencies turn to China to plug Kenya aid shortfalls after Trump funding cuts

The recent massive cuts to US foreign aid, initiated during the second term of the Trump administration, have crippled key programmes in Kenya such as in health and education sectors.

By 4 days ago

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Blooms of abuse: Why Kenya's flower exports risk EU ban

A new damning report paints a picture of systematic abuse and violation of workers’ rights on some of the country’s leading flower farms.

By 5 days ago

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Ball now in Treasury's court to ease Railways pensioners' pain

Kenya Railways commits to settling Sh2.4 billion owed to ageing retired staff to Senate committee.

By 6 days ago

EPRA holds fuel prices in latest monthly review

The maximum price per litre in the capital, Nairobi, will be maintained at Sh184.52 for super petrol, Sh171.47 for diesel, and Sh154.78 for kerosene.

By 6 days ago

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Co-op Bank declares pioneer interim dividend as profit Sh22b

Earnings represent a 12.3 per cent rise in profit after tax, up from Sh19.2 billion in the same period last year.

By 7 days ago

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Why Kenyans are running away from Chicken Inn

Kenyans are ending 2025 significantly worse off than a year ago, with the cost of a basket of essential goods from food to transport having risen sharply, according to official data.

By 8 days ago

Nairobi Water says achieved 100pc digital customer onboarding

The company confirmed that 100 percent of new customer applications are now submitted and processed through its online customer portal.

By 8 days ago

SBM Bank Kenya bounces back with Sh283.4m profit

SBM Bank Kenya has posted a Sh283.4 million profit after tax for the nine months to September.

By 9 days ago

Why KRA is chasing importers and small businesses

Kenya Revenue Authority will from January 2026 launch a radical digital crackdown on small traders.

By 9 days ago

Development corporation mobilises Sh17b for industrial drive

The state-owned development financier said 69 per cent of the funds had been channeled directly into industrial projects.

By 10 days ago

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Financial regulators warn over reliance on few tech providers

The experts want reforms that could curb the risks that could rise from such incidents. 

By 10 days ago

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IATA warns high air travel taxes threat to Kenya's aviation edge

Kenya’s position as an aviation hub is at risk due to some of the highest air travel taxes in Africa.

By 13 days ago

China's Chery eyes Kenyan auto market with low-cost SUVs

The arrival of Chery, part of a wave of Chinese brands expanding in Kenya and the rest of Africa, intensifies the battle for market share, particularly in the fast-growing SUV segment.

By 13 days ago

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Multinationals face new 15pc minimum tax in fresh crackdown

The government will enforce a minimum 15 per cent tax on large multinational corporations from next year.

By 16 days ago

Equality concerns as Mau Summit toll road plan shunts motorists to poorer roads

The Kenya Kwanza government's plan to build a key highway as a toll road is facing growing scrutiny over its promise to provide free alternative routes

By 15 days ago

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Living cost crisis: No respite as families worse off than last year

Kenyans are ending 2025 significantly worse off than a year ago, with the cost of a basket of essential goods from food to transport having risen sharply, according to official data.

By 18 days ago

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The comment that cost Kenya Sh15b after Moody's misstep

AU-commissioned report shows a credit rating system that is stacked against developing nations. The report revives debate over fairness and transparency of the credit rating system.

By 18 days ago

Regional units push Equity profit to Sh52.1b as Kenyan economy slows

Equity Group has reported a 32.66 per cent surge in its third-quarter net profit, which climbed from Sh39.2 billion in the previous year to Sh52.1 billion,.

By 21 days ago

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Nairobi's new sewer plan ends 'flying toilets' in Mukuru slums

This technical breakthrough is seen as critical in Mukuru’s dense, informal terrain, where narrow, unpaved corridors wind between homes.

By 22 days ago

Cooking diplomacy on the menu as Kenya hosts first Africa-Chinese cuisine contest

Kenya on Thursday hosted the inaugural Africa Championship of Chinese Cuisine, an event officials said would strengthen cultural and people-to-people ties between China and African nations.

By 21 days ago

Frank Ireri: The banker who redefined house mortgaging dies

Frank Ireri, the former soft-spoken HF Group chief executive played a pivotal role in expanding Kenya’s young mortgage market through innovative products that transformed the sector.

By 23 days ago

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Parliament watchdog pokes holes into Ruto's unrealistic budget math

The Kenya Kwanza administration’s fiscal outlook faces significant risks from what the Parliamentary Budget Office terms as “overly optimistic” revenue targets.

By 23 days ago

New State-backed sewer to era of 'flying toilets' in Nairobi's informal settlements

The family’s only toilet was a shared pit latrine across a dark, muddy path, a perilous journey she feared for her children.

By 22 days ago

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Tourism boost as US families choose Kenya over Caribbean

American families spend an average of Sh1 million ($8,052) on travel annually, with Kenya outperforming traditional Caribbean favourites such as Jamaica to capture the tourism dollars.

By 24 days ago

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Ruto's sovereign fund plan draws scrutiny over governance gaps

The government’s draft legislation to create a sovereign wealth fund is drawing criticism from financial experts who question its economic rationale and governance structure.

By 24 days ago

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EABL seeks to raise Sh11 billion in new corporate bond programme

East African Breweries PLC is seeking to raise Sh11 billion through a medium-term note, which is a type of corporate bond.

By 24 days ago

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Why IMF has delayed Kenya's bailout

The IMF has delayed reaching a new funding deal with Kenya, even as fresh concerns emerged about currency stability and the government’s debt management strategy.

By 25 days ago

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New Africa Trade Bank boss defends sovereignty, unveils plan for factories

Elombi outlined an ambitious plan focused on financing local processing zones, developing a pan-African stablecoin, and mobilising domestic capital.

By 25 days ago

Change of guard at Afreximbank as new boss vows to build on predecessor's legacy

Cameroonian banker Dr George Elombi has formally assumed the presidency of the African Export-Import Bank (Afreximbank).

By 27 days ago

Sidian Bank taps Ex-CS Macharia as board chairman

Sidian Bank has appointed veteran banker and former CS James Macharia as its new Chairman as part of a board overhaul as it seeks to transform into a leading market player

By 28 days ago

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New rules stop insurers from denying claims over minor technicalities

Insurance consumers have been crying foul over unpaid claims by their insurers over flimsy reasons.

By 28 days ago

African bankers urged to build capacity to withstand global shocks

Gwen Mwaba said the pan African bank was spearheading training to ensure African financial institutions can navigate a volatile global landscape.

By 28 days ago

AAR Hospital cuts cancer screening costs

Screening for cervical cancer, known as a Pap smear, was cut to Sh1,500. A PSA blood test, which checks for a protein linked to prostate cancer, was more than halved to Sh2,000.

By 30 days ago

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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 29 days 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 1 month ago

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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 30 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 30 days ago