In a major step towards enhancing financial connectivity and promoting intra-African trade, KCB Group in Kenya and the Bank of Kigali in Rwanda have officially integrated the Pan-African Payment and Settlement System (PAPSS) into their operations. This integration marks a significant milestone in the digital transformation of Africa’s financial services sector, enabling faster, cheaper, and […]

In a landmark move to bolster Kenya’s vibrant micro, small, and medium enterprises (MSMEs) sector, the Kenya Revenue Authority (KRA) has unveiled its new Micro & Small Taxpayers (MST) Department. This strategic initiative is designed to simplify tax compliance, provide customized support, and stimulate economic growth among small businesses—a critical engine of Kenya’s economy. Under […]

In a major policy shift aimed at accelerating progress toward Universal Health Coverage (UHC) and rebuilding public trust in its revamped health insurance system, Kenya’s Ministry of Health has announced significant enhancements to the Social Health Authority (SHA) benefits. The recent upgrade sees oncology care coverage per household increased by KSh 150,000—from KSh 440,000 to […]

Last week, Kenya took a bold step toward transforming its industrial and logistics landscape with the inauguration of The Link Warehousing and Logistics Park at Tatu City in Ruiru. As the nation’s first SME logistics park with Special Economic Zone (SEZ) benefits, the facility is poised to revolutionize how small and medium enterprises (SMEs) store […]

Kenya Power’s latest warning of a potential 30% hike in electricity tariffs has sent ripples across Kenya’s business and industrial sectors. The warning comes as the state-owned utility braces for additional financial pressures stemming from proposed wayleave charges by county governments. In a candid disclosure, Kenya Power’s CEO, Joseph Siror, stated that if counties impose […]

In a decisive move aimed at bolstering transparency and restoring investor confidence, Kenya’s government has initiated a governance diagnostic assessment in collaboration with the International Monetary Fund (IMF). The assessment seeks to pinpoint corruption risks that have long undermined the nation’s economic performance. Launched by Prime Cabinet Secretary Musalia Mudavadi on Monday alongside the IMF’s […]

Kenya’s Finance Minister John Mbadi announced that the government will delay drawing down funds from a $1.5 billion privately placed bond arranged in the United Arab Emirates. Speaking on February 28, 2025, Mbadi explained that the decision is driven by the need to align the loan with the nation’s fiscal framework for the current financial […]

In a significant boost for regional integration and economic growth, Kenya and Somalia are on the verge of finalizing a trade facilitation agreement designed to eliminate irregular non-tariff barriers and streamline commerce between the two neighboring countries. This landmark Memorandum of Understanding (MoU) is expected to not only bolster trade relations but also contribute to […]

In a bold move to transform Kenya’s transport infrastructure and stimulate regional economic growth, President William Ruto has officially launched the Ksh10 billion Kwa Jomvu-Mariakani Road. Spanning 30 kilometers between Mombasa and Kilifi counties, the project is poised to ease traffic congestion, improve connectivity, and enhance the operational efficiency of the Port of Mombasa. The […]

In a major boost to Kenya’s rural electrification drive, President William Ruto has officially launched the Sh1.4 billion Last Mile Phase IV Connectivity Project in Kwale County. The ambitious initiative, aimed at connecting over 12,700 households to the national electricity grid, is expected to transform the lives of thousands of Kenyans by unlocking significant economic […]