Treasury Cabinet Secretary John Mbadi, while presenting the 2026/27 Budget, told Parliament that Kenya faces an infrastructure financing gap of about USD 5 billion annually a shortfall that the national budget cannot bridge on its own.His answer signals a deliberate […]...
SpaceX is set to make its stock market debut on June 12, 2026, with shares expected to be priced at $135 each, valuing the company at roughly $1.77 trillion and making it the largest IPO in history.At $1.77 trillion, SpaceX […]...
The Central Bank of Kenya left its benchmark rate unchanged at 8.75% on June 9, extending the pause that began in April as policymakers balance rising inflation risks against the need to support economic growth. The main concern is fuel […]...
For more than a year, the Central Bank of Kenya was on a steady easing cycle, cutting the interest rate from 13% at the start of 2024 to 8.75% in a bid to revive private sector credit growth. Then, in […]...
The government wants to start earning money from non-personal data collected through platforms such as eCitizen and other public agencies. Under a proposed National Data Governance Policy, a State run marketplace would be created where businesses, researchers, NGOs and innovators […]...
Banks are holding an estimated Sh5.7 trillion worth of assets as security against loans, according to data from Kenya’s largest lenders. That amount is about 1.5 times (Sh3.6 trillion) the value of the loans they have issued, showing that collateral […]...
Two Rivers International Financial and Innovation Centre (Trific) and Nabo Capital have set aside Sh517.8 million to buy units from investors who want to exit its Sh4.8 billion dollar denominated Income Real Estate Investment Trust (I-REIT). The fund will act […]...
The Kenya Revenue Authority (Amendment) Bill, 2026 proposes to give KRA the power to recover pension contributions that employers deduct from workers’ salaries but fail to remit to retirement schemes. The change would place these arrears under the Kenya Revenue […]...
The government wants to borrow Sh100 billion by using future Affordable Housing Levy collections as security, a process called securitisation. This means the 1.5% deduction from workers’ payslips would be tied to repaying investors who buy the bond. The plan […]...
Business in Kenya got tougher in May. The Stanbic Bank Kenya PMI, a monthly health check on the private sector fell to 46.6, down from 49.4 in April. Any reading below 50 means conditions are getting worse, so this was […]...
Vanguard’s S&P 500 ETF (VOO) has become the first exchange traded fund in history to cross $1 trillion in assets under management, marking a major milestone for the passive investing industry.The milestone was reached after the ETF attracted another $1.7 […]...
Kenyan consumers may not fully benefit from the recent decline in global fuel prices when the next fuel review is announced on June 15, following changes to the country’s fuel pricing formula according to business daily. Under the previous system, […]...