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 1 day 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 1 day 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 3 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 2 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 3 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 4 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 5 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 5 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 6 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 6 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 6 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 6 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 7 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 7 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 11 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 12 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 13 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 15 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 14 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 15 days 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 16 days 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 15 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 16 days 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 17 days 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 19 days 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 19 days ago

StanChart Kenya warns profit fall due to Sh7b pension payment

Tier one lender, Standard Chartered Bank Kenya Ltd, has projected at least a 25 per cent fall on its 2025 full-year net profit.

By 22 days ago

Premium

Trump administration seeks views on Kenya trade barriers despite AGOA snub

The US Trade Representative (USTR) is soliciting comments from American businesses on trade barriers they face in Kenya

By 21 days ago

Kweli Capital acquires Old Mutual Securities in brokerage push

Kweli Capital Limited, an East African technology-driven investment company, has acquired a majority stake in Old Mutual Securities Limited.

By 22 days ago

Premium

How high borrowing costs compound Kenya's debt challenges

Moody's has sounded an alarm that the Kenyan government is currently battling sharply high borrowing costs, which are worsening fiscal strains and limiting credit availability for private businesses.

By 22 days ago

Premium

Why diaspora remittance is drying up

Many Kenyan homes depend on these revenue and any slight change is expected to have a major impact on so many lives.

By 23 days ago

Premium

Firms pull out all stops to pamper top CEOs amid fierce talent war

Blue-chip companies are sparing no expense to retain and attract top executive talent, with lavish compensation packages for CEOs becoming the norm.

By 24 days ago

Premium

Why your favourite tipple is likely to be fake

East African Breweries Ltd (EABL), the region’s leading alcoholic beverage company, is grappling with an unprecedented rise in counterfeit and illicit alcohol.

By 24 days ago

Big banks have lowest loan rates: CBK data

Stanbic Bank Kenya, a unit of South Africa’s Standard Bank Group, at 12.30 per cent; Standard Chartered Bank Kenya at 12.81 per cent; and Ecobank Kenya at 12.87 per cent. 

By 26 days ago

Premium

Deep-pocketed foreign banks beat Kenyan rivals with cheaper loan rates

Kenyan units of global banking giants are offering the country’s most competitive lending rates, using their expansive capital bases to undercut domestic rivals.

By 27 days ago

Premium

Ruto banking on China's backing to test Trump and rewrite the rules at UNGA

Ruto heads to UNGA determined to spearhead calls for reforms at the world body, buoyed by Chinese President Xi Jinping’s fresh appeal for a ‘more just and equitable’ global governance system.

By 27 days ago

Premium

'They ate our lunch': How Hustler Fund, digital lenders have killed Kenya's micro finance banks

Kenya’s microfinance banks (MFBs), once hailed as critical vehicles for financial inclusion, are now the weakest link in the country’s banking sector, with six consecutive years of losses.

By 28 days ago

Paratus group expands East Africa footprint with high-speed fibre connectivity

The move signals a strategic bid to capture a share of East Africa’s rapidly growing digital economy, which Euromonitor forecasts will account for 29 per cent of Africa’s total GDP by 2040.

By 28 days ago

'This is my plea': Exiting Afreximbank chief calls on African banks to close trade finance gap

Oramah expressed particular frustration at the absence of African development banks, commercial lenders, and credit insurers.

By 28 days ago

Premium

12 banks face merger over Sh20b capital crunch

Up to a dozen Kenyan banks face mergers, acquisitions or collapse unless they raise a collective Sh19.8 billion in capital by year-end, a new report by the Central Bank of Kenya has indicated. 

By 29 days ago