News

The Kenyan government is actively negotiating from the Trade and Development Bank (TDB) new borrowing options to settle a Sh51.6 billion ($400 million) syndicated loan set to mature next month. This strategy is a cornerstone of a broader, aggressive plan […]

In a significant shift from traditional tax-based revenue-raising measures, the Kenyan government is launching an ambitious appeal to its citizens abroad, unveiling plans for a multi-billion dollar diaspora bond aimed at stabilising the nation’s strained public finances and funding critical […]

The Central Bank of Kenya (CBK) has lowered its benchmark lending rate by 25 basis points to 9.50%, marking the seventh reduction since August 2024. The Monetary Policy Committee (MPC) announced the decision following its meeting on August 12, aiming […]

Kenya’s flagship digital payment system, eCitizen, is at the center of a financial storm following an audit report that reveals Ksh.9.6 billion in questionable transactions, systemic mismanagement, and potential fraud. Auditor General Nancy Gathungu’s latest findings paint a grim picture […]

In a bold move reshaping East Africa’s economic dynamics, the Tanzanian government has issued a sweeping ban preventing non-citizens from engaging in 15 specific business activities, ranging from retail trade to mobile money services, as part of a broader strategy […]

A new World Bank report reveals a financial paradox in Sub-Saharan Africa: while access to formal banking is growing, most adults still rely on family, friends, and informal savings groups for loans. But Kenya is bucking the trend, not by […]

Kenya’s public education system is on the brink of collapse, suffocated by chronic underfunding, systemic mismanagement, and alarming cases of financial malpractice. A damning special audit report by Auditor General Nancy Gathungu has laid bare the extent of the crisis, […]

The Nairobi Securities Exchange (NSE) has delivered impressive gains that beat out returns from bonds, fixed deposits, and even property. The total value of investments on the Nairobi stock market jumped by a huge 25 percent, adding KSh 477.3 billion. […]

Recently, China made a bold promise to African nations: zero tariffs on 98% of taxable goods from all 53 countries that recognize Beijing diplomatically. The announcement, delivered at a high-level ministerial meeting, was hailed as a potential turning point in […]

The National Assembly’s Finance Committee has rejected a key amendment in the Finance Bill 2025 that sought to revise Pay As You Earn (PAYE) tax bands, a move intended to ease the financial burden on low and middle-income earners. The […]