In a significant boost to Kenya’s burgeoning micro, small, and medium enterprises (MSMEs), President William Ruto has announced a transformative KSh 5 billion (approximately $38.5 million USD) grant initiative, set to benefit over 100,000 small businesses across the nation. This landmark program, launched in partnership with the World Bank, underscores the government’s unwavering commitment to […]

In a moment charged with both expectation and trepidation, Kenya’s Finance Minister, John Mbadi, rose before parliament on Thursday to unveil the nation’s budget for the 2025/26 fiscal year. With the ceremonial briefcase by his side, Mbadi articulated a vision of sustained economic growth, projecting a lower fiscal deficit and an unwavering commitment to financial […]

Today, the Kenyan Parliament stands poised for a pivotal moment as Treasury Cabinet Secretary John Mbadi unveils the KSh 4.2 trillion (approximately $32.3 billion) budget for the 2025/2026 financial year. This announcement marks a critical juncture for President William Ruto’s administration, setting the nation’s fiscal direction amidst a complex global economic landscape and pressing domestic […]

In a significant move signaling a renewed commitment to economic stimulus, the Central Bank of Kenya’s (CBK) Monetary Policy Committee (MPC) has announced a reduction in its benchmark interest rate by 25 basis points, bringing it down to 9.75%. This decision marks a pivotal moment, returning the rate to single digits for the first time […]

The Central Depository and Settlement Corporation (CDSC) has successfully completed the immobilisation of an astounding 16 billion Safaricom PLC shares belonging to Vodafone Limited. This monumental shift, announced on Monday, June 9, 2025, now brings the total number of Safaricom shares held in electronic format to 40 billion, up from a previous 24 billion. This […]

Kenya is losing an alarming KSh800 billion every year, an amount that equals nearly 9% of its Gross Domestic Product (GDP), to the proliferation of counterfeit goods, according to recent data released by the Anti-Counterfeit Authority (ACA). This economic hemorrhage not only undermines the country’s fiscal health but also leads to the loss of approximately […]

Francis Atwoli, the Secretary General of the Central Organisation of Trade Unions (COTU), has issued a powerful warning over the deepening unemployment crisis not only in Kenya but across many nations worldwide. Speaking at the 113th International Labour Conference (ILC) in Geneva, Atwoli revealed a worrying disconnect between Kenya’s economic growth and the failure to […]

The Central Bank of Kenya (CBK) has made a significant move by officially joining a constitutional petition challenging the legality of Kenya’s public debt. This legal action, spearheaded by civil rights activist and Senator Okiya Omtatah along with eight other petitioners, accuses past and present government officials of engaging in what is described as “odious […]

The World Bank has recommended that the Kenyan government impose a carbon tax on fuel, estimating that such a levy could generate up to Sh40.5 billion (approximately US $305 million) annually. The proposal is part of the Bank’s 2025 Kenya Public Finance Review and aims to accelerate Kenya’s transition to a low-carbon economy, support its […]

Sweden has signed a US $2.7 million (KSh 348 million) agreement with TradeMark Africa to launch the two-year Kenya Enhanced Trade Environment and Inclusion (KETEI) programme. Designed to accelerate sustainable, inclusive trade in line with Kenya’s commitments under the African Continental Free Trade Area (AfCFTA), KETEI will enhance port efficiency, green trade infrastructure, and the […]