Kenya loses up to 2.4% of GDP annually to climate-related disasters

Kenya is losing a significant portion of its GDP annually due to climate-related disasters, with estimates ranging from 2% to 2.4%. This economic impact was highlighted at the 69th Commonwealth Parliamentary Conference in Cape Town.

Kenya eyes share of Sh780 trillion Shariah-compliant finance market

Kenya's financial sector is aiming to tap into the burgeoning global Islamic finance market, estimated at $6 trillion (Sh780 trillion), by advocating for legal reforms to boost local Shariah-compliant financial products.

Public wage bill hits Sh1.3 trillion

Kenya's public wage bill has surged to Sh1.287 trillion, a 30 percent increase over the last five years, with 42 counties exceeding the recommended 35 percent threshold for personnel costs.

Gachagua Claims Chivayo Held Sh1.5 Trillion Allegedly Linked to Ruto

EU commits Sh590 million to strengthen Kenya's carbon market

The European Union has committed Sh590 million to support Kenya in strengthening its carbon market. This funding aims to enhance the country's capacity for monitoring, reporting, and validating climate action and carbon projects, aligning with the Climate Change Act.

Kenya steps up efforts to bridge Sh4 trillion MSME financing gap