In a significant move to bolster economic collaboration, Kenya and China have agreed to expedite the conclusion of a free trade agreement (FTA) following high-level discussions between President William Ruto and Chinese Prime Minister Li Qiang. This development underscores the deepening partnership between the two nations, aiming to enhance market access and mutual economic growth.​ […]

In a dramatic shift in regional economic fortunes, the International Monetary Fund now projects Kenya’s gross domestic product will reach USD 132 billion in 2025, surpassing Ethiopia’s forecast USD 117 billion and marking Kenya as East Africa’s largest economy. This reordering of the pecking order reflects contrasting currency moves, divergent policy trajectories, and broader global […]

Kenyan President William Ruto arrived in Beijing on Monday for a five‑day state visit designed to cement Kenya’s role as China’s premier partner in Africa and to accelerate collaboration on trade, infrastructure, and investment. Over the coming days, President Ruto will co‑host the Kenya‑China Business Forum, engage in high‑level bilateral talks with President Xi Jinping, […]

After a day of heated exchanges in Parliament over stalled constituency funding, Treasury Cabinet Secretary John Mbadi announced on April 16 that KSh 7 billion of the National Government Constituencies Development Fund (NG‑CDF) had been released, with another KSh 7 billion to follow before month’s end. His commitment aims to reduce funding arrears to one […]

In a fervent appeal to taxpayers and business owners across Kenya, the Kenya Revenue Authority (KRA) has sounded the alarm on the rapidly approaching June 30 deadline for filing annual tax returns. The tax agency’s recent public notice has underscored the dual importance of meeting legal obligations and safeguarding business premises from enforced shutdowns, marking […]

In a policy stance that underscores fiscal prudence and a commitment to sustainable economic management, government spokesperson Isaac Mwaura announced on Monday that Kenya is set to prioritise strengthening revenue collection measures rather than introducing new taxes in the forthcoming Finance Bill for 2025. This approach comes amid ongoing debates on how best to finance […]

In a forceful move intended to safeguard farmers’ incomes and ensure a level playing field in the agricultural sector, Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe has issued a stern ultimatum to miraa traders and exporters. Speaking at a high-profile Farmers’ Day event in Meru, Kagwe warned that those failing to comply with the […]

The European Union (EU) Delegation to Kenya has unveiled plans for the second edition of the EU-Kenya Business Forum, scheduled to take place in Nairobi on May 12 and 13, 2025. This high-profile event comes as part of the EU’s Global Gateway strategy and builds on ongoing connectivity projects in Kenya. By bringing together policymakers, […]

In a bold stride toward a sustainable future, Kenya and Israel have signed a five-year Memorandum of Understanding (MoU) to collaborate on renewable energy development. The groundbreaking deal, inked by Energy and Petroleum Cabinet Secretary Opiyo Wandayi and Israel Ambassador to Kenya Michael Lotem, sets the stage for a strategic partnership aimed at enhancing human […]

The Central Bank of Kenya (CBK), in a bid to rejuvenate lending activities and bolster economic momentum amid subdued credit growth, has reduced its benchmark lending rate by 75 basis points, bringing it down to 10.00 percent. The decision, delivered during Monday’s Monetary Policy Committee (MPC) meeting, comes amid a backdrop of easing inflation, a […]