Safaricom PLC, East Africa’s leading telecommunications provider, has received critical regulatory approval from the Capital Markets Authority to establish a Sh40 billion Medium-Term Note (MTN) programme, marking a significant milestone in the company’s ambitious expansion strategy across the region. The approval positions the telecommunications giant to raise substantial long-term capital through Kenya’s debt market to […]

President William Ruto has announced that the World Bank has endorsed Kenya’s ambitious plan to establish a National Infrastructure Fund aimed at expanding the country’s road and rail networks, irrigation systems, and energy generation capacity. The announcement came following a meeting with World Bank Africa Executive Director of Africa Group One, Zarau Kibwe, at State […]

A groundbreaking report from the e-commerce giant Jumia has officially declared rural Kenya as the new frontier for digital commerce, revealing a profound and historic shift in consumer behavior across the nation. The report, titled E-commerce in Rural Kenya: Expanding Access, Driving Inclusion, Connecting Border to Border, shows that the country’s vast network of counties […]

Kenya’s critical Sh97 billion financial lifeline from the World Bank remains suspended in limbo as the international lender maintains its demand for sweeping reforms across governance, fiscal management, and economic transparency. The standoff, now extending into its third month since the initial July 2025 agreement, underscores mounting tensions between Kenya’s aggressive borrowing strategy and increasingly […]

Kenya has emerged at the forefront of a transformative economic development with the confirmation of its largest gold discovery in decades, a massive deposit valued at approximately Sh683 billion (US$5.29 billion) located in Kakamega County. The announcement by Shanta Gold Limited, a British mining firm listed on the London Stock Exchange, represents a watershed moment […]

The United Bank for Africa (UBA) Group has made a landmark commitment of Sh19 billion ($150 million) to Kenya’s ambitious Road Infrastructure Securitisation Programme, marking a significant milestone in the nation’s quest to modernize its transport network and strengthen regional trade corridors. This substantial investment, announced during a high-profile meeting between President William Ruto and […]

The global debt landscape is undergoing a seismic shift as developing nations from Kenya to Sri Lanka increasingly turn their backs on traditional dollar-denominated loans in favor of Chinese yuan financing. While the immediate cost savings appear attractive, the International Monetary Fund has issued a stern warning about the potential long-term currency risks that could […]

Kenya’s government has taken a major step toward restoring momentum in its road and transport infrastructure development by settling KSh 93 billion in long-standing arrears owed to contractors across the country. The payments were facilitated through part of a KSh 104 billion syndicated loan sourced from commercial banks, which served as a bridge facility while […]

Kenya’s private sector demonstrated remarkable resilience and growth momentum in October, with business activity expanding at the strongest pace recorded in nearly three years, according to the latest Purchasing Managers’ Index data. The positive trajectory signals a significant economic turnaround for East Africa’s largest economy as it recovers from disruptions that characterized earlier periods of […]

Kenya has unveiled an ambitious and comprehensive plan to dramatically improve the efficiency and operational speed of the Port of Mombasa through a strategic partnership between the Kenya Ports Authority (KPA) and the Kenya Revenue Authority (KRA). The landmark agreement is expected to significantly ease chronic congestion, accelerate cargo clearance processes, and strengthen coordination among […]