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How oil suppliers were thrown under the bus

Kenya faces an international legal battle after cancelling emergency fuel import deals it had earlier approved.

By Robert A Waswani 2 days ago

Nairobi to host mega Africa food finance summit as $100bn gap weighs on growth

Nairobi to host major Africa agri-finance summit as leaders seek solutions to a $100 billion agriculture funding gap.

By Robert A Waswani 2 days ago

Afreximbank bets on $10bn crisis fund, gold bank to bolster African sovereignty

The bank continues to champion the Pan-African Payment and Settlement System, also backed by Kenya and the MANSA digital verification platform as foundational infrastructure.

By Robert A Waswani 3 days ago

Co-op Bank posts Sh8.41 billion profit amid tough economy

Co-op Bank has reported a record 21.3 per cent jump in first-quarter net profit, as a surge in earnings from its non-banking subsidiaries helped the lender defy a broader economic slowdown.

By Robert A Waswani 5 days ago

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Ruto faces scrutiny amid concerns on 'undermined' country's sovereignty

In Mali, Burkina Faso and Niger, military juntas have severed ties with Paris and moved toward new security partnerships.

By Robert A Waswani 5 days ago

Tala strengthens customer ID checks to protect borrowers from fraud

Tala has tightened customer identity checks by requiring users to submit IDs and live selfies to curb fraud and meet new lending regulations.

By Robert A Waswani 5 days ago

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Two Rivers SEZ TRIFIC lists Sh4.8b green building fund on NSE

TRIFIC launches Sh4.8B green dollar REIT at Two Rivers SEZ to fund sustainable commercial towers and attract global investors.

By Robert A Waswani 6 days ago

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Kiosk economy: How small traders fuelled Safaricom's Sh100b profit

Safaricom’s record Sh99.7 billion profit was driven largely by Kenya’s informal “kiosk economy”, with millions of small traders using M-Pesa till numbers and digital lending services.

By Robert A Waswani 7 days ago

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Dangote favours Mombasa over Tanzania's Tanga for Sh2tr oil refinery

Africa’s richest man, Aliko Dangote says he is looking at Kenya as the location for a 650,000-barrel-a-day oil refinery he intends to build in East Africa

By Robert A Waswani 7 days ago

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State plans major audit shakeup to stem graft, wastage of funds

New reforms will strengthen internal auditors and enforce stricter accountability measures to curb corruption and misuse of public funds.

By Robert A Waswani 7 days ago

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Punitive, again: Ruto's 2026 Finance Bill revives ghost of Gen Z protests that forced retreat

Among the proposals are introduction of phone levy, water tax and sweeping powers for KRA.

By Robert A Waswani 8 days ago

Airtel takes on Safaricom with Sh5.6b data centre

The facility under construction in Tatu City, expected to be the largest data centre in East Africa.

By Robert A Waswani 9 days ago

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'Phone is not a luxury': Former LSK boss faults tax proposals

Former Law Society president says 25 per cent activation tax will punish the poor, widen digital divide

By Robert A Waswani 8 days ago

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Employers warn of rising costs, urge Ruto to protect jobs

The country’s main employers’ lobby has warned that a sharp rise in the cost of doing business was straining enterprises across sectors.

By Robert A Waswani 9 days ago

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Dangote eyes Kenya as hub to raise African capital for refinery, other projects

Africa’s richest man Aliko Dangote is considering using Kenya as a base to raise fresh capital from African investors for his sprawling industrial empire, including his giant new refinery.

By Robert A Waswani 11 days ago

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Ruto allocates more funds to sectors likely to win him votes in 2027

The newly released 2026-27 recurrent expenditure estimates show the Ruto administration has prioritised sectors likely to win him votes.

By Robert A Waswani 12 days ago

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How Nairobi bourse got its groove back

The Nairobi Securities Exchange is experiencing a major shift as rising local retail participation is reducing reliance on foreign investors and stabilising the market.

By Robert A Waswani 13 days ago

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Rogue cable firms and ISPs face jail terms, hefty fines

Communications Authority of Kenya has introduced strict rules forcing ISPs to share infrastructure, with rogue firms risking jail, fines and license loss for non-compliance.

By Robert A Waswani 13 days ago

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Forex reserves slide as Iran war tests Kenya economy firepower

Kenya’s foreign reserves have fallen sharply as the Central Bank intervenes to stabilise the shilling amid rising oil prices and global uncertainty triggered by the Iran conflict.

By Robert A Waswani 14 days ago

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Top bank chiefs reap millions in pay and perks on bumper profits

Top Kenyan bank CEOs earned multimillion-shilling pay packages in 2025 after strong profits, with KCB’s Paul Russo topping the list at Sh285.3 million.

By Robert A Waswani 15 days ago

Amsons Group pledges Sh4.5b for hospitals

Amsons Group has committed Sh4.5 billion to build 10 mother-and-child hospitals in Kenya over the next three years.

By Robert A Waswani 18 days ago

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Nairobi tops African peers in attracting big startup capital

Nairobi has become Africa’s leading hub for startup funding, attracting nearly $1 billion in 2025, though concerns remain about regulatory issues.

By Robert A Waswani 18 days ago

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Kenyans worse off than a year ago as inflation hits two-year high

Rising food and fuel prices have pushed Kenya’s inflation to a two-year high, leaving households with reduced purchasing power and worsening cost-of-living pressures.

By Robert A Waswani 17 days ago

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Energy price surge to worsen Kenya's inflation - World Bank

World Bank warns that rising global energy prices driven by Middle East tensions will worsen inflation and cost-of-living pressures in Kenya, urging targeted relief, shift to renewable energy.

By Robert A Waswani 19 days ago

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World Bank tells Kenya to protect poorest and go green amid Middle East shock

World Bank warns that a 24% surge in global energy prices driven by Middle East tensions will deepen inflation and cost-of-living pressures in Kenya.

By Robert A Waswani 19 days ago

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Ruto seeks public help to tame cost of living

Public debt servicing now consumes nearly 80 per cent of tax revenues, and domestic borrowing costs have pushed commercial lending rates above 14.8 percent. 

By Robert A Waswani 19 days ago

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Why local businesses are in race to tap China's duty-free boom

Kenyan producers racing to tap China’s new zero-tariff policy on 98 per cent of imports, which could boost exports and help rebalance a long-standing trade deficit.

By Robert A Waswani 20 days ago

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Afreximbank steps in after IMF, World Bank delay Kenya's funds

Afreximbank has stepped in with emergency funding for Kenya and regional economies after delays in IMF and World Bank disbursements amid tightening conditions and external economic shocks.

By Robert A Waswani 20 days ago

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Ruto's high stakes fiscal gamble in bid to implement election pledges

President William Ruto faces dwindling fiscal options and growing political headwinds as Kenya’s economy slows and an election just 16 months away.

By Robert A Waswani 22 days ago

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Ruto opts for electric cars to escape high fuel prices

Treasury is seeking to lease 600 electric vehicles and install 70 DC fast chargers as as millions of Kenyans bear the brunt of government policies that continue to drive fuel prices.

By Robert A Waswani 24 days ago

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Africa urged to plug leakages, mobilise local capital as global funding dries up

Africa has the capacity to mobilise $1.43 trillion from various domestic revenue sources and efficiency gains from better public finance management

By Robert A Waswani 24 days ago

Afreximbank launches third AfCFTA bootcamp, firms urged to tap trade pact

The programme is designed to equip participants with practical skills to identify trade opportunities, manage export-import operations, and navigate trade finance.

By Robert A Waswani 24 days ago

Martin Nang'ole confirmed as Nairobi Water Managing Director

Mr Nang’ole has been serving as Acting Managing Director since September 2025 and previously held the position of ICT Director at the company.

By Robert A Waswani 24 days ago

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After Trump rebuke, IMF demands Ruto's corruption audit before bailout

The International Monetary Fund has stalled a new Kenya bailout, insisting the government first completes a long-delayed corruption audit amid rising fiscal pressure.

By Robert A Waswani 25 days ago

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Co-op Bank creates holding company, eyes regional growth

Domestic operations will move to a new subsidiary as the listed entity becomes a non-operating parent overseeing multiple business units.

By Robert A Waswani 26 days ago

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CEOs urge State relief package as Iran war drives up firms' costs

Kenyan CEOs are urging the government to introduce tax relief and subsidies as the Iran conflict drives up fuel and production costs, according to Central Bank of Kenya surveys.

By Robert A Waswani 27 days ago

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Listed firms' CEOs now face fines, jail time for sustainability lies

For years, Kenya’s listed companies have filled their annual reports with glossy promises of planting trees, saving water, and going carbon-neutral, but those claims could land directors in court.

By Robert A Waswani 29 days ago

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IMF warns of unrest as Mideast war stokes economic hardships

The IMF warns that economic strain from the Middle East conflict could spark social unrest in vulnerable countries like Kenya, as rising fuel prices and inflation intensify public discontent.

By Robert A Waswani 1 month ago

Regulators tighten grip on predatory lending practices

Commercial banks, Saccos and digital lenders in the country that have built fortunes on rushed auctions and fire-sale seizures face a sweeping regulatory crackdown.

By Robert A Waswani 1 month ago

Kenyan firms eye Caribbean footprint as Afreximbank seals St Kitts trade forum deal

Afreximbank has signed a hosting agreement with the government of St. Kitts and Nevis for the fifth edition of the ACTIF2026

By Robert A Waswani 1 month ago