A sweeping technological revolution is underway in Kenya, driven by the government’s resolute determination to transform the nation into a digital powerhouse. The latest stride towards this audacious goal was marked by the inauguration of two public Wi-Fi hotspots, a pivotal stride towards the digital future that Kenya envisions. Eliud Owalo, the Minister of Information, […]

Kenya’s tea industry is experiencing a significant upswing as tea export prices reach an eight-year high. In May, the average price for Kenya’s tea exports surged to Ksh 335,407 ($2,351) per tonne, driven by a weakened shilling and robust demand for the beverage. This positive development coincides with multinational companies and local tea firms engaged […]

According to Bloomberg, Kenya’s eurobonds experienced a sharp decline as Moody’s Investors Service raised alarms over the country’s planned buyback of some of its debt. The credit rating agency warned that redeeming the bonds at a price below par value could be seen as a default, causing yields on the notes to surge by 46 […]

Kenya’s inflation rate has hit a 14-month low as the cost of living eases due to moderating prices of basic food items. The Kenya National Bureau of Statistics (KNBS) reported that inflation rose at the slowest pace in nearly one and a half years in July, reaching 7.3 percent, down from 7.9 percent in June. […]

As fuel prices continue to reach new heights, Kenyan consumers are feeling the pinch and responding by cutting back on their usage of super petrol. According to a recently released report from the Petroleum Institute of East Africa (PIEA), the first quarter of this year saw a 1% decline in the consumption of super petrol […]

Kenya’s Court of Appeal has made a significant decision by overturning the suspension of the 2023 Finance Act. The suspension had been put in place following Treasury Cabinet Secretary (CS) Prof Njuguna Ndung’u’s assertion that the government was losing an estimated half a billion shillings per day due to the freeze. A panel of three […]

In the heart of Africa, Kenya has emerged as a trailblazer in the realm of digital innovation, and one sector, in particular, has been a driving force behind the nation’s economic growth and financial inclusivity: digital credit. Through harnessing the power of technology, digital credit has transformed access to finance, empowering individuals and businesses alike, […]

In a recent development, Fitch Ratings, a prominent global rating agency, has taken a noteworthy step by revising Kenya’s credit rating outlook from stable to negative. This move is significant as it joins the chorus of concern from other major rating firms such as Moody’s and Standard & Poor’s, which have also expressed reservations about […]

China’s top diplomat, Wang Yi, arrived in Kenya on Saturday for a significant visit, during which he lauded the economic partnership between China and Kenya as a win-win. The Chinese embassy in Kenya issued a statement highlighting the close friendship and mutual trust between the two nations in both political and economic realms. Kenya, with […]

Kenya is on the brink of a revolutionary change in carbon trading as the National Assembly’s Budget and Appropriations Committee (BAC) has given its resounding approval to the Carbon Credit and Benefit Sharing Bill, 2023. Spearheaded by Laisamis MP Joseph Lekuton, this groundbreaking legislation aims to establish a legal framework for carbon markets, ensuring fair […]