Kenya is positioning itself as a regional leader in nuclear energy development with an ambitious plan to generate 20,000MW of electricity from nuclear power by 2040. The East African nation’s first nuclear power plant, planned for Siaya County, represents a transformative shift in the country’s energy strategy as it seeks to eliminate power shortages and […]

The Kenya Bankers Association (KBA) has backed the Central Bank of Kenya’s new risk-based approach to credit pricing, which will provide a new benchmark for interest rates to be charged on commercial bank loans. The endorsement marks a significant shift in Kenya’s financial sector, promising greater transparency, improved monetary policy transmission, and enhanced access to […]

The Kenya Property Developers Association (KPDA) has signed a groundbreaking strategic partnership with the Kenya National Chamber of Commerce and Industry (KNCCI) to unlock new financing models that address affordable housing challenges and promote sustainable urban development. This landmark collaboration represents a pivotal shift from fragmented advocacy to coordinated private sector participation in Kenya’s ambitious […]

Ten counties across Kenya are set to receive Ksh 34 billion from government and development partners under the Integrated Natural Resources Management Programme (INReMP). The groundbreaking initiative, jointly funded by the Government of Kenya in partnership with the International Fund for Agricultural Development (IFAD), the Green Climate Fund (GCF), and the Global Environment Facility (GEF), […]

The governments of Uganda and Kenya have signed a comprehensive free trade agreement to eliminate trade barriers and boost economic cooperation, marking a significant milestone in East African regional integration efforts. Push boundaries, reach goals, achieve more. Whether it’s ACCA, HESI A2, ATI TEAS 7, HESI EXIT, NCLEX-RN, NCLEX-PN, or Financial Literacy, we’ve got the […]

Kenya is stepping into a new era of sustainable economic development with the launch of an ambitious bio-economy initiative that could reshape the country’s industrial landscape and position it as a continental leader in green innovation. The Advancing Bio-economy Development in Kenya (ABDK) project, spearheaded by the Stockholm Environment Institute (SEI) in collaboration with the […]

Telecommunications giant Safaricom has announced a strategic pivot towards supporting micro, small and medium enterprises (MSMEs) as part of its ambitious plan to increase its contribution to Kenya’s gross domestic product (GDP) beyond eight percent. This shift represents a significant evolution for the company, which has transformed from a traditional telecommunications business into a comprehensive […]

For the first time in 23 years, the total value of assets held by Kenya’s commercial banks declined, falling 1.6% in 2024 to Sh7.6 trillion, marking a significant reversal in a sector that had experienced continuous growth since 2002 when assets rose 4.9% to Sh456.7 billion. The Kenya Bankers Association (KBA) linked the latest decline […]

Officials argue that speculative real estate projects are exploiting the SEZ programme, potentially undermining its primary purpose of fostering industrial and service growth. Comprehensive Framework Overhaul Targets Abuse The Kenyan government has unveiled comprehensive plans to review the Special Economic Zones (SEZs) framework by eliminating tax and housing incentives from developers constructing projects not directly […]

Global credit ratings agency S&P Global Ratings upgraded Kenya’s long-term sovereign credit rating to ‘B’ from ‘B-‘ on Friday, citing reduced near-term external liquidity risks and improved economic management. The upgrade represents a significant vote of confidence in Kenya’s economic trajectory under President William Ruto’s administration, marking a recovery from the previous year’s downgrade. The […]