In a significant triumph for fiscal management and national development, the Kenya Revenue Authority (KRA) has announced that it has successfully surpassed its revenue target for the Financial Year 2024/2025. Despite a challenging economic landscape, the taxman collected an impressive Kshs. 2.571 Trillion, exceeding the revised target of Kshs. 2.555 Trillion. This remarkable achievement represents […]

Global consumer goods giant Unilever and leading East African financial institution Equity Bank have announced a strategic partnership to roll out a comprehensive Distributor Financing Solution. This groundbreaking initiative, backed by an annual investment of KES 2.4 billion (approximately $18.5 million USD), is meticulously designed to strengthen manufacturing supply chains, dramatically improve product availability, and […]

A new chapter in East African economic cooperation officially commenced on July 6, 2025, with the launch of the Uganda–Kenya Trade and Investment Mission at the Hilton Garden Inn, Kampala. This four-day high-level engagement, concluding on July 9, has brought together a formidable delegation of diplomats, government officials, and private sector leaders from both Uganda […]

In a significant diplomatic stride, the Republic of Cyprus has officially inaugurated its embassy in Nairobi, marking a pivotal moment in its burgeoning relationship with Kenya. The ceremonial opening, attended by Kenya’s Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs, Musalia Mudavadi, and his Cypriot counterpart, Minister for Foreign Affairs Constantinos Kombos, […]

In a decisive move to fortify its economic resilience and reassure international investors, Kenya has finalized a landmark agreement aimed at shielding over Ksh260 billion (approximately $2 billion) in foreign investments from the vagaries of political and economic uncertainties. This significant development comes just days after nationwide protests raised considerable concerns over the country’s investment […]

Kenya, a vibrant East African economic hub, finds itself at a critical juncture, grappling with persistent challenges of corruption, illicit financial flows, and inefficient public spending that are severely impacting its development trajectory. A recent and comprehensive report by the African Development Bank (AfDB) sheds stark light on the magnitude of these issues, revealing that […]

The International Monetary Fund (IMF) has wrapped up a crucial two-week governance scrutiny mission in Kenya, a pivotal exercise aimed at bolstering the integrity and efficiency of public offices. Conducted from June 16 to 30, 2025, the review sought to meticulously identify weaknesses in governance and pinpoint corruption vulnerabilities that could significantly impede Kenya’s economic […]

The financial pulse of East Africa is beating with a mix of historic achievements, profound digital transformations, and critical institutional challenges. From Kenya’s record-breaking foreign exchange reserves to Tanzania’s surging digital payments and Uganda’s central bank navigating a period of intense scrutiny, recent developments highlight a dynamic and increasingly complex financial landscape across the region. […]

A historic moment in East African energy cooperation unfolded this week as Ethiopia commenced its first-ever electricity exports to Tanzania, with power seamlessly transmitted through Kenya’s robust high-voltage network. This successful pilot marks a significant milestone in regional energy trade, establishing a new corridor for power flow and solidifying Ethiopia’s burgeoning role as a regional […]

In a significant strategic development for both Kenya and the broader African continent, the European Bank for Reconstruction and Development (EBRD) has formally committed to establishing its African continental office in Nairobi. This landmark decision, which President William Ruto enthusiastically welcomed and whose ratification process is currently before the Kenyan Parliament, signifies a pivotal deepening […]