The financial stability of Kenya, a key economic hub in East Africa, has come under scrutiny as the nation’s foreign exchange (forex) reserves have experienced a significant drop. Data from the Central Bank of Kenya (CBK) highlights a decrease of $509 million (KSh 65.8 billion) over the past three weeks alone. This substantial decline is […]

Kenyan exporters of agricultural produce are set to benefit from a significant trade breakthrough as the country finalizes a bilateral agreement with China. This landmark deal, which grants duty-free access to the Chinese market for key Kenyan exports, marks a pivotal moment in Kenya’s foreign trade policy. Concluded following high-level talks during President William Ruto’s […]

In a pioneering move set to revolutionize the understanding of its vital diaspora economy, the Central Bank of Kenya (CBK) has officially launched the nation’s first-ever Remittances Household Survey (RHS). This ambitious initiative, undertaken in close collaboration with the Kenya National Bureau of Statistics (KNBS) and Financial Sector Deepening Kenya (FSD Kenya), aims to collect […]

The Kenya Human Rights Commission (KHRC) has released a scathing new report, “Failing the Hustlers,” sharply criticizing the government’s flagship Hustler Fund initiative. The report concludes that the Fund, launched with much fanfare, is structurally unsound, economically unsustainable, and politically manipulated, ultimately recommending its complete shutdown. This damning assessment challenges the core of the Kenya […]

Tata Chemicals Magadi Limited has announced a significant and ambitious expansion plan for its soda ash mining activities at Lake Magadi, a move set to substantially increase its production capacity to 600,000 tonnes within the next five years. This strategic initiative, unveiled by the firm’s Managing Director, Swaminathan Nagarajan, is poised to boost Kenya’s exports […]

After nearly a year of welcome subdued inflation, Kenya’s consumer prices are once again on an upward trajectory, raising significant concerns about the hard-won economic gains and the durability of recent interest rate cuts. The latest data reveals a worrying trend: Kenya’s inflation rate rose to 4.1% in July 2025, marking a three-month high and […]

In a significant boost for Kenya’s vibrant but often underserved business landscape, Family Bank has announced it has secured a Ksh 2.6 billion (approximately $20 million USD) trade finance facility from the British International Investment (BII). This crucial injection of capital is specifically earmarked to expand lending to Kenyan businesses, with a keen focus on […]

In a bold move signaling a significant shift in its domestic economic policy, the Tanzanian government has issued a directive effectively banning Kenyans and other foreign nationals from engaging in 15 specific business activities. These sectors, traditionally dominated by small and medium-sized enterprises (SMEs), are now exclusively reserved for Tanzanian citizens. The directive aims to […]

Kenya’s daily electricity demand has surged to an unprecedented record high of 2,362.28 megawatts (MW) on July 23, signaling robust economic activity and a growing appetite for power across the nation. This significant increase from the 2,325MW recorded just weeks earlier on July 2 underscores the country’s accelerating industrial expansion, rapid urbanization, and rising domestic […]

Kenya’s vibrant coffee industry, a cornerstone of its agricultural economy and a source of livelihood for hundreds of thousands of smallholder farmers, is currently engaged in a frantic race against time. A stringent new trade requirement from the European Union, the Deforestation-Free Regulation (EUDR), looms large, threatening to lock out a significant portion of Kenyan […]