The World Bank has granted Kenya a Ksh20 billion loan to fund projects targeted at job creation, entrepreneurship, and marginalized communities. The Kenyan government will use the Ksh 20 billion from the…
The IMF has asked the Ruto administration to stick to its taxation measures and not be moved by the street protests. The lender, in the document made public on Wednesday when the…
The new report by UK-based Tax Justice Network ranks Kenya fourth in secret financial dealings in Africa. Kenya’s financial sector is among the most secretive globally, according to a new report by…
Kenya’s inflation dropped to 7.9% in June 2023, down from 8% reported in May 2023, as food prices remained relatively high. The latest data from the Kenya National Bureau of Statistics (KNBS)…
The Central Bank of Kenya (CBK) has formally opened discussions to join an Africa-wide cross-border payment system to get an immediate solution to the current dollar shortage crisis facing Kenya and other…
Oil marketers claim President William Ruto’s administration is arm-twisting them, to convert the debt of the fuel subsidy into bond. The government now wants to convert Sh45.8 billion arrears of the fuel…
EPRA is putting in place regulations to have electricity producers sell power directly to consumers in a bid to end monopoly by Kenya Power. Kenya Power should brace for competition after the…
East African Cables has welcomed the court injunction stopping Equity Bank from placing it under administration as it announced that its operations would continue as usual. High Court on Monday stopped attempts…
The European Union and Kenya have concluded today the negotiations on an ambitious trade agreement through which they will implement bilaterally – the regional Economic Partnership Agreement (EPA) between the EU and…
The move by Equity Bank to place investment firm Transcentury and its subsidiary East Africa Cables under receivership should concern anyone who cares about Kenya. Equity Bank this week announced that Muriu…