Introduction Kenya’s avocado industry, a crucial sector of its agricultural exports, has recently faced a significant downturn in its trade with China. Chinese customs data reveal a staggering 80% drop in avocado imports from Kenya in the first seven months of 2024. This decline from 3.67 million kilograms in 2023 to just 742,934 kilograms this […]

President William Ruto’s official visit to Beijing for the 9th Forum on China-Africa Cooperation (FOCAC) Summit marks a pivotal moment in Kenya-China relations, with significant potential benefits for Kenya’s infrastructure, economy, and strategic partnerships. According to a State House communique, President Ruto is poised to secure critical agreements and investments that could shape Kenya’s development […]

Treasury Cabinet Secretary John Mbadi has called on Kenyans to exercise patience as the government embarks on an ambitious plan to revitalize the country’s economy. Speaking during President William Ruto’s visit to Kisumu, Mbadi reassured the public that significant economic improvements would be realized within 24 months. His optimism comes at a time when Kenya […]

Bayobab Kenya, part of the Bayobab Group, the digital infrastructure arm of MTN Group, has announced the successful completion of a multi-million-shilling long-distance fibre network that links Mombasa to Malaba and Busia. This new fibre optic network is set to revolutionize connectivity across Kenya, Uganda, and neighboring countries, enhancing digital infrastructure and boosting economic growth […]

In a significant turn of events, Kenya’s financial future took a hit when the International Monetary Fund (IMF) halted its scheduled disbursement of funds after President William Ruto withdrew the contentious Finance Bill 2024. The withdrawal, a result of mounting pressure from nationwide protests, has led to a pause in the much-needed financial assistance from […]

As of 2024, it is estimated that over three million Kenyans reside in various countries around the globe, contributing significantly to the country’s economy through remittances. These remittances have been a crucial lifeline for many families in Kenya and have played a substantial role in the country’s economic stability. However, despite these contributions, many Kenyans […]

Kenya’s financial and political landscape has been thrown into turmoil following the decision by President William Ruto to rescind a highly controversial finance bill. This decision has prompted global credit rating agencies to reassess the country’s economic outlook, leading to significant downgrades that could have lasting impacts on Kenya’s economy. The most recent downgrade by […]

Kenya is poised to make a significant leap in its energy sector with the announcement of its plans to begin the construction of the country’s inaugural nuclear power plant in 2027. This initiative is part of a broader strategy to enhance the nation’s energy capacity, reduce carbon emissions, and stimulate economic growth through job creation. […]

Introduction The Central Bank of Kenya (CBK) recently disclosed that the printing of new currency notes would cost the nation Sh14.2 billion. This revelation was made by the CBK Governor, Kamau Thugge, during a session with the Finance Committee of the National Assembly, chaired by Molo MP Kuria Kimani. Governor Thugge emphasized that the tender […]

Kenya has embarked on a nationwide sensitization campaign to inform and engage the business community about the vast opportunities presented by the European Union (EU) Economic Partnership Agreement (EPA). The initiative, driven by the Ministry of Investments, Trade, and Industry, aims to unlock the full potential of the EPA by ensuring that businesses and investors […]