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Latest: 3/7/2026
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Loan talks stall as IMF tells Kenya to brace for Iran war fallout
6h ago

Loan talks stall as IMF tells Kenya to brace for Iran war fallout

The International Monetary Fund (IMF) has advised Kenya to strengthen its financial defenses against potential economic disruptions stemming from the Middle East conflict, even as loan talks experience delays.

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IMF tells Kenya to brace for Iran war fallout as loan talks stall
13h ago

IMF tells Kenya to brace for Iran war fallout as loan talks stall

The International Monetary Fund (IMF) is advising Kenya to strengthen its financial defenses against potential economic disruptions stemming from the ongoing Middle East conflict.

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Police ink Sh1.9 billion deal with Co-op Bank to boost mobility
20h ago

Police ink Sh1.9 billion deal with Co-op Bank to boost mobility

The National Police Service has received a major upgrade in its operational capabilities with the delivery of a new vehicle fleet valued at Sh1.9 billion. This initiative aims to address critical mobility challenges hindering crime fighting efforts across the country.

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Going nuts: How Kilifi coconut farmers are cracking poverty's shell for wealth
1d ago

Going nuts: How Kilifi coconut farmers are cracking poverty's shell for wealth

Kilifi is experiencing a boom in wealth as local coconut farmers are finding innovative ways to overcome poverty through their produce.

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MPs demand names of defaulters as Hustler Fund unpaid loans hit Sh12.5b
1d ago

MPs demand names of defaulters as Hustler Fund unpaid loans hit Sh12.5b

Members of Parliament are demanding the names of individuals who have defaulted on Hustler Fund loans, as the outstanding amount has reached a staggering Sh12.5 billion.

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GCR affirms Afreximbank ratings, removes rating watch on reduced sovereign risk
1d ago

GCR affirms Afreximbank ratings, removes rating watch on reduced sovereign risk

GCR Ratings has affirmed Afreximbank’s issuer ratings at A and A2, removing the ‘Rating Watch Evolving’ status and assigning a Stable outlook. This action indicates reduced concerns regarding sovereign debt restructurings.

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State: Gulf firms to keep fuel flowing into Kenya despite Middle East crisis
1d ago

State: Gulf firms to keep fuel flowing into Kenya despite Middle East crisis

Kenya's government is assured of continued fuel supply through its controversial government-to-government (G-to-G) oil deal with Gulf firms, despite ongoing crises in the Middle East.

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Hustler Fund unpaid loans hit Sh12.5b as MPs demand names of defaulters
1d ago

Hustler Fund unpaid loans hit Sh12.5b as MPs demand names of defaulters

A significant amount in unpaid loans from the Hustler Fund has reached Sh12.5 billion, prompting demands from Members of Parliament for the names of defaulters.

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Mini-budget tests IMF austerity demands as State spending soars
1d ago

Mini-budget tests IMF austerity demands as State spending soars

Kenya's Treasury has introduced a Sh287.4 billion supplementary budget, potentially clashing with the International Monetary Fund's (IMF) austerity guidelines.

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Tea market nets Sh1.5 billion for the smallholder factories in a week
1d ago

Tea market nets Sh1.5 billion for the smallholder factories in a week

Smallholder tea factories in Kenya have earned Sh1.5 billion from the sale of over 4.4 million kilograms of tea at the recent Mombasa Tea Auction.

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KQ picks NSE boss Kiprono Kittony, David Ndii in Board shake-up
1d ago

KQ picks NSE boss Kiprono Kittony, David Ndii in Board shake-up

Kenya Airways (KQ) has appointed four new board members, including Nairobi Securities Exchange chairperson Kiprono Kittony as the new Board chairperson and former economic advisor David Ndii, in a significant shake-up aimed at stabilizing the airline.

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MultiChoice shuts down Showmax after 11 years
1d ago

MultiChoice shuts down Showmax after 11 years

MultiChoice has announced the discontinuation of its streaming service Showmax after 11 years of operation, citing "substantial annual losses" as the primary reason.

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Dividend boom for Absa shareholders as profit up 10pc to Sh22.9B
2d ago

Dividend boom for Absa shareholders as profit up 10pc to Sh22.9B

Absa Bank Kenya shareholders are set for a significant payout following a 10% increase in the bank's net profit to Sh22.9 billion for the 2025 financial year.

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Nairobi meet clears way for regional shipping line
2d ago

Nairobi meet clears way for regional shipping line

Regional stakeholders have officially approved the draft Regional Maritime Cabotage Protocol in Nairobi, paving the way for the establishment of the proposed Eastern, Southern, and Northern Africa (ESNA) shipping route.

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Private sector activity registers sluggish growth in February
2d ago

Private sector activity registers sluggish growth in February

Kenya's private sector experienced sluggish growth in February, with the Purchasing Managers Index (PMI) dropping for the third consecutive month. Despite the slowdown, businesses continued to increase hiring, reaching the strongest growth seen in a year.

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Calm before storm: Why oil prices may rise in May
2d ago

Calm before storm: Why oil prices may rise in May

Kenya's energy sector faces potential fuel price increases in May due to escalating Middle East tensions that could disrupt oil supply chains, despite current reserves lasting until the end of April 2026.

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Why Freight costs at Mombasa Port have increased by 50pc
2d ago

Why Freight costs at Mombasa Port have increased by 50pc

Freight costs at the Mombasa Port have surged by 50 percent following the imposition of an Emergency Conflict Surcharge (ECS).

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Why this is the best time to own a house
2d ago

Why this is the best time to own a house

Kenya's property market is presenting an opportune moment for prospective homeowners. Reduced prices and increased availability of housing stock are making it more accessible than before.

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Afreximbank tops Bloomberg's Africa borrower loan league tables for 2025
2d ago

Afreximbank tops Bloomberg's Africa borrower loan league tables for 2025

Afreximbank has been named the top debt arranger in Africa for 2025 by Bloomberg, leading in both Mandated Lead Arranger and Bookrunner categories.

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Mbadi's double speak: CS now says NIF a Fund, not limited company
2d ago

Mbadi's double speak: CS now says NIF a Fund, not limited company

Cabinet Secretary Moses Kuria's latest statements have caused confusion regarding the nature of the National Investment Fund (NIF). He now describes it as a fund, contradicting previous assertions that it was a limited company.

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How affordable housing is reshaping Kisumu property market
2d ago

How affordable housing is reshaping Kisumu property market

Affordable housing projects are significantly transforming the Kisumu property market, impacting demand and pricing for different housing segments.

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Museveni launches Uganda's first Islamic insurance provider
2d ago

Museveni launches Uganda's first Islamic insurance provider

Uganda has officially launched its first Islamic insurance company, Tamini General Insurance, on Tuesday. This marks a significant step for the country's financial sector, aligning it with other East African nations offering halal insurance services.

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KTDA elects new chairperson, vice chair
2d ago

KTDA elects new chairperson, vice chair

The Kenya Tea Development Agency (KTDA) board has elected Enos Njeru as the new chairperson and Engineer Samson Mosonik Menjo as the new vice chair. This transition follows the tenure of outgoing leaders Chege Kirundi and Omweno James Ombasa.

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Kenya Pipeline beats Sh106b IPO target as investors scramble for shares
2d ago

Kenya Pipeline beats Sh106b IPO target as investors scramble for shares

Kenya Pipeline Company (KPC) has successfully completed its Initial Public Offering (IPO), exceeding its target and paving the way for its listing on the Nairobi Stock Exchange (NSE).

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Enos Njeru makes a comeback at KTDA Holding
3d ago

Enos Njeru makes a comeback at KTDA Holding

Enos Njeru has been re-elected as the Chairman of the Kenya Tea Development Agency (KTDA) Holding, marking his return to the position after a year out. The decision was made by the KTDA Holding directors during a meeting in Nairobi.

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Uganda joins Kenya and Djibouti in Islamic insurance expansion
3d ago

Uganda joins Kenya and Djibouti in Islamic insurance expansion

Uganda has launched its first Islamic insurance company, Tamini General Insurance, marking an expansion of Islamic finance in East Africa. This venture is a sister company to Salaam Bank Limited, also based in Uganda.

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Murang'a Industrial park attracts 27 investors on Delmonte land
3d ago

Murang'a Industrial park attracts 27 investors on Delmonte land

The Murang'a Industrial Park, located on Delmonte land, has attracted a significant number of investors with groundbreaking ceremonies already underway for six companies.

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How high-value bee products can unlock millions for Kenyans
3d ago

How high-value bee products can unlock millions for Kenyans

Kenyan beekeepers are discovering significant new income streams beyond traditional honey production by focusing on high-value bee products.

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Inside reforms and risks of contract conversion for civil Service
3d ago

Inside reforms and risks of contract conversion for civil Service

The Kenyan civil service is undergoing reforms that will see permanent government positions converted to fixed-term contracts with a 90-day conversion window.

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Contract conversion: Reform, risk and 90 day window that will redefine civil Service
3d ago

Contract conversion: Reform, risk and 90 day window that will redefine civil Service

Kenyan civil servants face a significant shift as new reforms introduce fixed-term contracts and a 90-day conversion window, potentially redefining their employment terms.

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