News

The government last night moved to defuse a nationwide public transport strike that had brought the country to a standstill. Most shops and businesses in Nairobi and major towns remained shuttered yesterday as protests and the transport stoppage triggered billions […]

Kenya Power has submitted new tariff proposals to EPRA, with revised electricity prices expected to take effect from 1 July 2026. The specific rates remain undisclosed, but the utility is asking for more revenue to upgrade an ageing distribution network, […]

The government’s effort to make kerosene affordable has created an unintended consequence. Diesel currently costs about Sh243 per litre in Nairobi while kerosene goes for roughly Sh153 a gap of over Sh90. That difference exists because the state heavily subsidises […]

Kenyans are now paying the highest fuel prices in history. Diesel has jumped by KSh 46.29 to KSh 242.92 per litre, petrol is up by KSh 16.63 to KSh 214.25, and kerosene holds at KSh 152.78 kept there only by […]

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 […]