Kenyan President William Ruto issued a strong call for comprehensive reforms in global governance and financial systems during his address at the Summit of the Future’s Interactive Dialogue at the United Nations General Assembly in New York on September 22, 2024. Ruto emphasized that these reforms are essential to prevent an impending crisis that threatens […]

Safaricom, Kenya’s leading telecommunications provider, has entered into a strategic partnership with Mastercard to enhance payment acceptance and cross-border remittance services. This collaboration will benefit over 636,000 merchants using M-PESA, Safaricom’s mobile money platform, which has become a cornerstone of Kenya’s digital financial ecosystem. The partnership marks a significant step toward fostering greater financial inclusion […]

In a significant move that underscores the expanding role of private companies in Kenya’s infrastructure sector, the Kenyan government has awarded a $1.3 billion power transmission contract to India’s Adani Group, led by billionaire Gautam Adani. The deal, part of a broader effort to boost Kenya’s energy infrastructure and meet the rising demand for electricity, […]

In a significant move aimed at accelerating industrial growth and attracting investment, Kenya’s Special Economic Zones (SEZs) have received a major boost following the official launch of the Association of Special Economic Zones (ASEZ). This new association is set to transform the landscape of SEZs by bringing together various stakeholders, including developers, operators, investors, and […]

Kenya’s financial landscape is in the spotlight as the Auditor General’s office has officially begun a comprehensive audit of the country’s national debt. This move, driven by Finance Minister John Mbadi, is aimed at assessing the country’s debt, currently standing at a staggering 10.5 trillion shillings ($81.71 billion). The audit is part of the government’s […]

In a significant move to address labor shortages, Germany and Kenya signed a bilateral agreement on Friday, September 13, 2024, aimed at promoting the recruitment of skilled Kenyan workers to fill gaps in Germany’s labor market. The deal was signed in Berlin during a meeting between Kenyan President William Ruto and German Chancellor Olaf Scholz. […]

Uganda’s decision to use Kenya’s Kisumu port for fuel imports marks a major turning point in East African trade and logistics. This development aligns with Kenya’s broader vision of revitalizing Lake Victoria’s potential as a key inland maritime transport hub, especially for East and Central Africa. By partnering with Uganda, Kenya is inching closer to […]

Namibia and Kenya are positioning themselves to seize regional and continental economic opportunities to bolster economic growth, trade, and regional integration. These efforts were underscored during the Namibia–Kenya political and diplomatic consultations held earlier this week in Windhoek, Namibia. The consultations culminated in a joint communiqué highlighting the nations’ commitment to deepening their bilateral relations […]

Introduction On Tuesday, September 10, 2024, Kenya announced a ban on sugar imports from countries outside the Common Market for Eastern and Southern Africa (COMESA) and the East African Community (EAC). The move, spearheaded by the Ministry of Agriculture and Livestock Development, comes as Kenya’s sugar production levels improve, reducing the country’s reliance on external […]

Introduction Kenya and the European Union (EU) have reinforced their commitment to the European Union-Kenya Economic Partnership Agreement (EPA), which officially came into force on July 1, 2024. This landmark trade deal is expected to significantly impact Kenya’s export market and its overall economy, fostering long-term growth and sustainable development. However, the deal has sparked […]