In a milestone moment for Kenya’s ambitious vision to become Africa’s leading technology and innovation hub, President William Ruto has officially inaugurated Phase 1 infrastructure and smart city facilities at Konza Technopolis, declaring the long-awaited development open for business and positioning the nation as a serious contender in the global digital economy. The October 13, […]

National Treasury and Economic Planning Cabinet Secretary John Mbadi is leading Kenya’s high-level delegation to the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, scheduled to take place from Monday, October 13, 2025 to Saturday, October 18, 2025 in Washington, D.C., marking a crucial opportunity for Kenya to engage with […]

Kenya and Burundi have reaffirmed their commitment to deepening economic collaboration by enhancing bilateral trade, expanding cross-border investment, and strengthening regional cooperation, as East and Southern African leaders convene in Nairobi for the 24th Common Market for Eastern and Southern Africa (COMESA) Summit of Heads of State and Government. The renewed economic partnership was announced […]

NAIROBI, October 8, 2025 — Kenya stands on the threshold of regulatory history as Parliament has overwhelmingly passed the Virtual Asset Service Providers (VASP) Bill, 2025, at its third and final reading, positioning the East African nation to become one of the continent’s first countries with comprehensive cryptocurrency regulation. The legislation now awaits President William […]

Kenya has officially launched a groundbreaking electronic cargo clearance system designed to revolutionize cross-border trade by enabling significantly faster processing of goods and eliminating the bureaucratic inefficiencies that have historically plagued regional commerce. The Common Market for Eastern and Southern Africa (Comesa) Electronic Certificate of Origin (e-CO) represents a transformative shift from paper-based documentation to […]

Kenya’s private sector economy demonstrated encouraging signs of recovery during September, with the Stanbic Bank Kenya Purchasing Managers’ Index (PMI) climbing to 51.9 from 49.4 in August, marking the first time the closely-watched indicator has moved above the critical 50.0 neutral threshold since April. The improvement represents a significant turning point for the East African […]

Kenya and Tanzania are preparing for high-stakes bilateral negotiations scheduled for Friday, October 3, 2025, aimed at resolving tensions stemming from Tanzania’s controversial July decision to prohibit foreigners from engaging in small-scale business activities—a move that has sent shockwaves through the East African Community (EAC) and raised fundamental questions about the future of regional economic […]

The Kenyan government has formalized a landmark bilateral agreement with Belgium designed to eliminate double taxation and prevent tax evasion for individuals and businesses operating between the two countries. The historic deal was signed on Tuesday, September 30, at the National Treasury offices in Nairobi, marking a pivotal moment in Kenya-Belgium economic relations. The agreement […]

Key Highlights: Kenya’s savings and credit cooperative societies have implemented their first reduction in dividend rates in three years, cutting the average rate of dividends on share capital to 10.46 percent for the year ending December 2024. This marks a strategic shift as saccos prioritize building stronger capital reserves over maximizing immediate returns to their […]

In a bold regulatory move that could fundamentally reshape Kenya’s digital financial landscape, the Central Bank of Kenya (CBK) has proposed cutting mobile money transaction fees by approximately half, targeting a reduction in average person-to-person transfer costs from KSh 23 to just KSh 10. The proposal, embedded within the Kenya National Financial Inclusion Strategy 2025-2028, […]