CBK retains top spot in Kenya's wealthiest parastatals list
The Central Bank of Kenya remains the richest parastatal, according to the latest consolidated financial report for state corporations, autonomous government agencies and public funds.
By 1 day ago
CBK retains top spot in Kenya's wealthiest parastatals list
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Oil marketers pushing for price hike
Kenyans could be bracing for a potential increase in fuel prices as major oil marketers push for a review of the country’s fuel pricing formula.
By 2 days ago
Oil marketers pushing for price hike
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The good, bad and ugly of Rutonomics
The initial optimism that accompanied President William Ruto's election has been tempered by the realities of governance, where the complexities of economic management and public expectations collide.
By 2 days ago
The good, bad and ugly of Rutonomics
Competition watchdog intervenes as Starlink suspends new client sign-ups
Competition Authority of Kenya says customers can lodge complaints over proposed remedial measures. Elon Musk’s firm has been rapidly expanding in Africa with satellite internet.
By 3 days ago
Competition watchdog intervenes as Starlink suspends new client sign-ups
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Kalonzo Musyoka struggles to break free from Raila's political shadow
As the 2027 polls approach, Kalonzo struggles to assert his independence. It is unclear whether he will endorse the Wiper leader for president.
By 3 days ago
Kalonzo Musyoka struggles to break free from Raila's political shadow
How new tax proposals offer relief to Kenyans
Some key proposals by National Treasury Cabinet Secretary John Mbadi provide major relief for Kenyans in the Tax Laws (Amendment) Bill 2024.
By 5 days ago
How new tax proposals offer relief to Kenyans
Mudavadi asks Joho to withdraw new maritime regulations
Prime Cabinet Secretary Musalia Mudavadi has called for the withdrawal of recently issued shipping regulations, saying they pose a threat to Kenya's maritime industry and foreign investment climate.
By 5 days ago
Mudavadi asks Joho to withdraw new maritime regulations
Co-op Bank inks deal with water providers in latest Public-Private Partnership
Director for Corporate and Institutional Banking Lydia Rono said the partnership will unlock over Sh500 million in loan facilities for medium-sized water infrastructure projects.
By 5 days ago
Co-op Bank inks deal with water providers in latest Public-Private Partnership
How CS Mbadi's proposed new tax measures will directly affect you
A new Bill to be introduced in Parliament seeks to widen the tax base following the withdrawal of the Finance Bill, 2024 that denied the National Treasury Sh349 billion in ordinary revenue.
By 7 days ago
How CS Mbadi's proposed new tax measures will directly affect you
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Treasury CS spells out plans to lay ground for steady economic growth
In the face of mounting economic challenges and waning public patience, Treasury Cabinet Secretary John Mbadi has outlined an ambitious plan aimed at revitalising the economy.
By 6 days ago
Treasury CS spells out plans to lay ground for steady economic growth
Report shows Africa makes strides toward gender equality, but challenges remain
The Africa Gender Index 2023 Analytical Report shows that women in Africa have improved their position across economic, social, and political spheres, but challenges persist.
By 6 days ago
Report shows Africa makes strides toward gender equality, but challenges remain
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Inside Treasury's bold plan to avoid fresh Gen Z tax revolt
Any new taxes risk sparking public outrage and potentially undermining his political support, experts and the IMF have admitted. 
By 8 days ago
Inside Treasury's bold plan to avoid fresh Gen Z tax revolt
State confirms data-sharing deal with telcos to up tax compliance
A leading telco is already sharing real-time data on mobile money transactions and other relevant information with KRA to enhance tax compliance and bolster revenue collection.
By 8 days ago
State confirms data-sharing deal with telcos to up tax compliance
Starlink now struggles to keep up pace
Starlink currently faces the challenge of needing more satellites in orbit to boost network capacity.
By 8 days ago
Starlink now struggles to keep up pace
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Over half of banks face mergers, acquisitions in CBK rules review
More than half of Kenya’s banks face potential acquisition or forced mergers as the National Treasury revisits plans to amend the Banking Act.
By 9 days ago
Over half of banks face mergers, acquisitions in CBK rules review
Fuel price hikes loom as state agencies plan subsidy cuts
Kenya is set to reform its fuel pricing mechanism in a move that could lead to higher prices of petroleum products in the country.
By 10 days ago
Fuel price hikes loom as state agencies plan subsidy cuts
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Latest CBK report reveals banks with cheapest, most expensive loans
Cooperative Bank and Diamond Trust Bank (DTB) remain the lenders with the lowest loan interest rates among Tier One banks, according to new data from the Central Bank of Kenya.
By 11 days ago
Latest CBK report reveals banks with cheapest, most expensive loans
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More pain as Ruto raids shallow pockets yet again
Treasury reintroduces tax measures contained in the rejected Finance Bill, 2024 in draft law amendments in pressure to increase its revenues in line with IMF funding conditions.
By 11 days ago
More pain as Ruto raids shallow pockets yet again
IMF's Kenya warning as it releases Sh78bn
The IMF has warned of a difficult path ahead for Kenya as it disbursed $606 million (Sh78.1 billion) to support the government’s budgetary needs.
By 12 days ago
IMF's Kenya warning as it releases Sh78bn
Kenya among African nations urged to balance development and climate goals
The eighth Babacar Ndiaye Lecture highlighted need for African nations to navigate balance between immediate development needs and long-term environmental sustainability.
By 13 days ago
Kenya among African nations urged to balance development and climate goals
Afreximbank investment conference in Kisumu to strengthen Intra-African trade
The primary goal is to foster collaboration among African sub-sovereigns to align their trade and investment initiatives with the objectives of the AfCFTA.
By 12 days ago
Afreximbank investment conference in Kisumu to strengthen Intra-African trade
Kenya awaits crucial IMF loan decision amid revenue worries
The cash-strapped Kenya Kwanza administration is anxiously awaiting the decision of the IMF Executive Board on multi-billion-dollar loan disbursement
By 13 days ago
Kenya awaits crucial IMF loan decision amid revenue worries
Equity Group launches Sh774 billion Africa recovery and resilience plan
The Sh774 billion initiative is designed to tackle Africa’s systematic vulnerabilities that were exacerbated by the Covid-19 pandemic
By 13 days ago
Equity Group launches Sh774 billion Africa recovery and resilience plan
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IMF offers Kenya expertise to seal graft loopholes, woo Gen Z
IMF has advised the Kenya Kwanza government to address corruption to regain the trust of Gen Z, who are skeptical about tax increases and their intended public benefits.  
By 15 days ago
IMF offers Kenya expertise to seal graft loopholes, woo Gen Z
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Kenya's Gen Z protests now spark global rethink on IMF conditions
The IMF report suggests that fostering a two-way dialogue with stakeholders is essential for creating an environment conducive to reform implementation. 
By 21 days ago
Kenya's Gen Z protests now spark global rethink on IMF conditions
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Africa's central banks demand global financial system overhaul
African central bank governors are now calling for a significant overhaul of the international financial system, arguing the current architecture disadvantages developing countries.
By 20 days ago
Africa's central banks demand global financial system overhaul
IMF warns of crisis if no action is taken to create jobs for Gen Z
In a bid to address growing unrest among the youth, the International Monetary Fund has advised Kenya and other African nations to prioritise job creation.
By 20 days ago
IMF warns of crisis if no action is taken to create jobs for Gen Z
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Big test as Ruto's moneymen face IMF, World Bank amid bad economy
Treasury CS John Mbadi met a top IMF representative who insisted that Kenya must put in place “sound macroeconomic fundamentals” to encounter growth. 
By 21 days ago
Big test as Ruto's moneymen face IMF, World Bank amid bad economy
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IMF cuts Kenya's 2025 economic growth forecast
IMF has cut Kenya’s economic growth forecast for this year and 2025 by nearly one percentage point, marking the largest downgrade among major regional economies in under a year.
By 21 days ago
IMF cuts Kenya's 2025 economic growth forecast
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Kenyans still in the dark on power costs after Adani agreement
Energy CS Opiyo Wandayi has dismissed concerns surrounding the deal, emphasising its goal of alleviating persistent power blackouts and enhancing national electricity infrastructure.
By 28 days ago
Kenyans still in the dark on power costs after Adani agreement
Ruto urges for single-digit loan rates as CBK to meet bank chiefs
Pressure is mounting on commercial banks to reduce their interest on loans following a recent cut in the Central Bank Rate to stimulate credit to small businesses and individuals.
By 28 days ago
Ruto urges for single-digit loan rates as CBK to meet bank chiefs
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Why banks have cut lending to customers
Kenya’s banking sector is tightening its grip on deposits, opting to hold onto its piles of cash rather than extend loans to small businesses.
By 29 days ago
Why banks have cut lending to customers
JPMorgan gets CBK nod to open Nairobi office
As of 2023, J.P. Morgan holds the title of the largest bank in the US and the world by market capitalisation.
By 30 days ago
JPMorgan gets CBK nod to open Nairobi office
Tuju's luxury hotel auctioned for Sh450 million amid legal battle
The luxurious Dari Coffee and Garden Restaurant, owned by former Cabinet Secretary Raphael Tuju, was auctioned on October 1 for Sh450 million, The Standard has established.
By 30 days ago
Tuju's luxury hotel auctioned for Sh450 million amid legal battle
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Done deal: More queries as Sh95b power deal with Adani is signed
A group of doctors have raised concerns over Kenyans’ data after a firm with links to Adani Group was awarded the Sh104b deal to supply a healthcare tech system.
By 1 month ago
Done deal: More queries as Sh95b power deal with Adani is signed
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Sh77b of forex reserves tied up amid ballooning commitments
CBK reassures the available reserve cash is adequate to cover any need that may arise. Funds are crucial for government payments, including servicing external debts.
By 1 month ago
Sh77b of forex reserves tied up amid ballooning commitments
NCBA partners with CISI to enhance staff professional standards
NCBA Bank has partnered with the Chartered Institute for Securities and Investment (CISI) to enhance the professional skills of its employees.
By 1 month ago
NCBA partners with CISI to enhance staff professional standards
Hopes for jobs dim as Kenya's economy now faces slowdown
Kenya’s economic outlook has darkened significantly, with the Central Bank of Kenya revising its growth projections for 2024 down to 5.1 per cent from 5.4 per cent.
By 1 month ago
Hopes for jobs dim as Kenya's economy now faces slowdown
Lenders freeze loans as CBK cuts benchmark rate
The tightening of lending standards by banks is likely to have a negative impact on the economy, as businesses and households will find it more difficult to access credit.
By 1 month ago
Lenders freeze loans as CBK cuts benchmark rate
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William Ruto hit by perfect economic storm
Kenya's economy is slowing down, KRA is struggling to meet its revenue targets, and the private sector is freezing hiring and cutting jobs.
By 1 month ago
William Ruto hit by perfect economic storm
How woman lost Sh800k in herbicide trade scam
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