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 […]

Trade between Kenya and the United Kingdom has entered one of its strongest phases in recent years, with the latest figures showing that total bilateral trade has surpassed Sh340 billion. The performance underscores a period of renewed commercial collaboration, investment flow, and policy alignment between the two economies following intensified diplomatic and trade engagements. The […]

Kenya has intensified its diplomatic engagement with the World Bank as the East African nation navigates a complex economic landscape marked by mounting debt pressures, public skepticism over international lending conditions, and an urgent need for development financing. The high-stakes meeting between National Treasury Cabinet Secretary John Mbadi and World Bank Managing Director for Operations […]

The telecommunications giant Safaricom PLC, under the leadership of its Chief Executive Officer Peter Ndegwa, has publicly committed to an ambitious KSh 30 billion (approximately US $232 million) education-investment plan that spans the next five years in Kenya. This wide-ranging initiative, branded “Citizens of the Future”, will seek to modernise infrastructure, integrate digital technologies into […]

President William Ruto has unveiled one of the most ambitious economic transformation agendas in Kenya’s history, outlining a comprehensive Sh4 trillion infrastructure and productivity plan designed to propel the East African nation from its current developing country status to a first-world economy within the next three decades. The bold initiative, which will soon be presented […]

The Kenya Revenue Authority (KRA) has recorded a stunning 256.7 % increase in tax collections at Kisumu Port for the 2024/25 fiscal year, up to Kenyan Shilling 107 million from Sh30 million prior year. (KRA) The surge is attributed primarily to tighter surveillance by the KRA’s Marine Unit, the closure of revenue loopholes along Lake […]