Business & Economy
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Health Sector Sees Legislative Push, New Project, and Suspension of $1.6bn US Deal
Kenya is pushing for the passage of the Maternal, Newborn and Child Health (MNCH) Bill, 2023, to guarantee essential health services and accelerate progress towards Universal Health Coverage (UHC). This legislation is aimed at addressing persistently high maternal and child mortality rates. In a separate development, the High Court of Kenya has temporarily suspended the implementation of a $1.6bn Kenya–US Health Cooperation Framework, citing data privacy concerns. Concurrently, the Moi Teaching and Referral Hospital (MTRH) is seeking a private investor to develop an ultra-modern medical training complex for its College of Health Sciences. This project is planned to be executed through a Design-Build-Finance-Maintain-Transfer (DBFMT) public-private partnership.
Kenya Enacts VASP Act for Crypto, Eases Tax Bottlenecks, and Secures $150m Green Lending Deal
Kenya's new Virtual Assets Service Providers (VASP) Act, 2025, is boosting crypto interest, with the law aiming to regulate activities under the Capital Markets Authority (CMA) and the Central Bank of Kenya (CBK). In another regulatory move, the Kenya Revenue Authority (KRA) is enhancing collaboration with the private sector to streamline tax processes and create a predictable business environment. On the financing front, the African Development Bank Group (AfDB) has finalized a $150 million (Sh19.3 billion) financing agreement with KCB Bank Kenya. This package is designed to significantly boost KCB's green lending initiatives and reinforce its trade finance operations, addressing capital demands in climate-aligned sectors.
