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 Brian Ngugi 11 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 Brian Ngugi 12 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 Brian Ngugi 12 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 Brian Ngugi 13 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 Brian Ngugi 13 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 Brian Ngugi 21 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 Brian Ngugi 21 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 Brian Ngugi 22 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 Brian Ngugi 23 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 Brian Ngugi 25 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 Brian Ngugi 25 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 Brian Ngugi 25 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 Brian Ngugi 26 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 Brian Ngugi 26 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 Brian Ngugi 27 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 Brian Ngugi 28 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 Brian Ngugi 28 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 Brian Ngugi 1 month 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 Brian Ngugi 1 month 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 Brian Ngugi 1 month 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 Brian Ngugi 1 month 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 Brian Ngugi 1 month 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 Brian Ngugi 1 month 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 Brian Ngugi 1 month 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 Brian Ngugi 1 month 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 Brian Ngugi 1 month ago

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From reduced VAT to fuel subsidies and hidden debts: Inside Ruto-IMF fall-out

IMF is urging targeted cash transfers for vulnerable groups, a politically sensitive move for any government approaching an election.

By Brian Ngugi 1 month 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 Brian Ngugi 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 Brian Ngugi 1 month ago

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Cornered: Ruto caught between a rock and hard place over fuel VAT rollback

Government's decision to cut VAT on fuel by three per cent is expected to have a negative ripple effect on the country's revenues.

By Brian Ngugi 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 Brian Ngugi 1 month ago

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IMF to Ruto: Stop lying on hidden debt

Without a new programme, Kenya's options are narrowing. Domestic borrowing remains expensive, and international markets are largely closed.

By Brian Ngugi 1 month ago

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IMF boss warns global system not ready for AI cyber threats

IMF Managing Director Kristalina Georgieva has warned that the global financial system is unprepared for rising AI-driven cyber threats, as concerns grow over risks to financial stability.

By Brian Ngugi 1 month ago

Chinese language Mandarin gains popularity among Kenyans as 'golden key' to trade, opportunities

The Kenyan government has already identified 20 pilot schools to host Chinese language teachers

By Brian Ngugi 1 month ago

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Return of the bitter pill: Kenya softens IMF stance as Iran shock bites

The government is eyeing a "positive outcome" from long-standing talks with the IMF to be held in Washington DC, Central Bank of Kenya Governor Kamau Thugge has said.

By Brian Ngugi 1 month ago

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CBK cuts Kenya growth forecast to 5.3pc on Iran war disruption

The Central Bank of Kenya slashed its economic growth forecast for the country for 2026, warning that the Middle East conflict is driving up oil import costs and destabilising supply chains.

By Brian Ngugi 1 month ago

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Inside State's plan to auction Kenya's generational mineral wealth

Kenya's government has launched its largest-ever auction of mining rights to attract global investors and raise revenue by offering access to strategic minerals.

By Brian Ngugi 1 month ago

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Kenya to benefit from Sh1.29 trillion Afreximbank emergency fund

Kenya will benefit from a $10 billion Afreximbank emergency fund designed to cushion economies from rising import costs triggered by the escalating Middle East conflict.

By Brian Ngugi 1 month ago

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KBA hosts forum to strengthen credit analysis in banking

The Kenya Bankers Association hosted a forum with CISI and CareEdge Ratings to strengthen credit analysis and improve lending decision frameworks in Kenya's banking sector.

By Brian Ngugi 1 month ago

Broke Kenyans cut spending as Iran war drives up costs

Kenya's private sector activity shrank in March for the first time since August last year

By Brian Ngugi 1 month ago