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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 3 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 2 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 4 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 4 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 4 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 5 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 5 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 7 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 9 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 9 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 9 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 10 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 10 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 11 days 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 11 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 10 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 15 days ago

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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 18 days ago

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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 20 days ago

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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 22 days ago

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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 23 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 23 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 23 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 24 days ago

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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 25 days ago

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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 25 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 25 days ago

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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 24 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 26 days ago

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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 26 days ago

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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 27 days ago

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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 28 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 28 days ago

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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 29 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 29 days ago

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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 30 days ago

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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 30 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 29 days ago

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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 1 month 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 1 month ago