Global credit ratings agency S&P Global Ratings upgraded Kenya’s long-term sovereign credit rating to ‘B’ from ‘B-‘ on Friday, citing reduced near-term external liquidity risks and improved economic management. The upgrade represents a significant vote of confidence in Kenya’s economic trajectory under President William Ruto’s administration, marking a recovery from the previous year’s downgrade. The […]

Substantial Interest Rate Reduction Expected The proposed currency conversion could deliver significant financial relief to Kenya’s strained public finances. Treasury Cabinet Secretary John Mbadi revealed that converting the loan from US dollars to Chinese yuan could reduce interest rates from 6.37 percent to approximately 3 percent, representing a dramatic halving of debt servicing costs. “The […]

Executive Summary Kenya’s economic growth this year is expected to exceed official forecasts despite higher U.S. tariffs and other challenges, President William Ruto announced at the Tokyo International Conference on African Development (TICAD) in Yokohama, where Kenya and Japan also signed a strategically significant yen-denominated loan agreement. The East African nation’s economy is forecast to […]

Kenya has stepped up efforts to strengthen its trade and investment relations with the United States, as a high-level delegation from the Ministry of Investments, Trade and Industry commenced a three-day working tour in Washington D.C. The delegation is led by Cabinet Secretary Lee Kinyanjui and Principal Secretary for Trade Regina Ombam, with the mission […]