Despite confronting a challenging economic environment marked by slower GDP growth, elevated interest rates, and mounting operational expenses, Kenya’s banking sector demonstrated its critical importance to national revenue mobilization by collectively contributing Sh194.8 billion in taxes to the government during 2024. This substantial tax payment underscores the financial sector’s pivotal role in supporting government operations […]

A transformative infrastructure project linking Kenya and Uganda has received crucial endorsement from regional stakeholders, marking a significant milestone in East Africa’s efforts to enhance cross-border connectivity and facilitate regional trade. The 200-kilometre Kisumu–Busia / Kakira–Malaba Multinational Expressway has been officially confirmed as both feasible and investment-ready, setting the stage for what promises to be […]

Kenyans holding virtual assets such as cryptocurrencies and other digital tokens could soon have the option to insure them under new regulations proposed by the Insurance Regulatory Authority (IRA), the country’s insurance sector watchdog. This move represents a significant milestone in Kenya’s evolving approach to digital asset regulation and could position the East African nation […]

Kenya’s fiscal deficit is projected to widen by 10.23 percent in the 2026/27 financial year (FY), signaling renewed pressure on the country’s borrowing plans despite ongoing fiscal consolidation efforts by the government. This expansion in the deficit raises critical questions about the sustainability of Kenya’s public finances and the effectiveness of current fiscal policies aimed […]

Kenya has enacted sweeping cybercrime legislation that imposes penalties of up to Sh20 million ($155,000) in fines or ten years imprisonment for individuals convicted of cyber harassment and other online offences, marking one of the strictest digital governance frameworks in East Africa. President William Ruto signed the Computer Misuse and Cybercrimes (Amendment) Act, 2024 into […]

In a significant milestone for water security and community development in Kitui County, more than 2,500 residents have gained access to clean, reliable water following the commissioning of a state-of-the-art solar-powered borehole at Kitui Teachers Training College (KTTC). The Sh3.6 million project, spearheaded by the Kenya Pipeline Foundation, represents a transformative investment in sustainable water […]

In a groundbreaking initiative set to transform Kenya’s agricultural landscape, Equity Bank Kenya Limited has joined forces with Inchcape Kenya Limited, the newly appointed sole distributor for New Holland tractors and agricultural equipment in Kenya, to launch a comprehensive financing scheme that promises to make tractor ownership more accessible and affordable for Kenyan farmers. This […]

In a milestone moment for Kenya’s ambitious vision to become Africa’s leading technology and innovation hub, President William Ruto has officially inaugurated Phase 1 infrastructure and smart city facilities at Konza Technopolis, declaring the long-awaited development open for business and positioning the nation as a serious contender in the global digital economy. The October 13, […]

National Treasury and Economic Planning Cabinet Secretary John Mbadi is leading Kenya’s high-level delegation to the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, scheduled to take place from Monday, October 13, 2025 to Saturday, October 18, 2025 in Washington, D.C., marking a crucial opportunity for Kenya to engage with […]

Kenya and Burundi have reaffirmed their commitment to deepening economic collaboration by enhancing bilateral trade, expanding cross-border investment, and strengthening regional cooperation, as East and Southern African leaders convene in Nairobi for the 24th Common Market for Eastern and Southern Africa (COMESA) Summit of Heads of State and Government. The renewed economic partnership was announced […]