The Kenyan government is paying KSh 89 million every year in commitment fees for a COVID-19 loan that remains unused. This loan, obtained from international lenders to help the country …
The Council of Governors (CoG) in Kenya has issued a stern 14-day ultimatum to the National Treasury, demanding the immediate disbursement of Sh78.03 billion in delayed County Equitable Share funds …
Kenya is facing a rising wave of cyber threats, with reported incidents increasing by 27.2% in the second quarter of the 2024/2025 fiscal year. The Communications Authority of Kenya revealed …
Bayer East Africa has successfully revamped its Pharmaceuticals and Consumer Health business models in the region. Under the new model, Bayer is outsourcing transportation, local warehousing, distribution, and customer support …
Nairobi-based pan-African insurer, African Trade and Investment Development Insurance (ATIDI) has provided a political risk insurance cover for Globeleq’s 35 MW Menengai Geothermal power project in Kenya. This support will …
The International Monetary Fund (IMF) has reached a staff-level agreement with Kenya for a $976 million loan to support the country’s economic reform program. This agreement, announced today, aims to …
The EIB has revealed a strategic partnership with top Kenyan banks to strengthen the nation’s private sector, offering a substantial lift to SMEs. This partnership aims to improve finance accessibility, …
The Central Bank of Kenya (CBK) plans to revise the Payment Systems Act to improve the regulatory framework and foster innovation in the country’s financial sector. These changes are a …
U.S. President Joe Biden is expected to officially acknowledge Kenya as a major non-NATO ally during Kenyan President William Ruto’s upcoming three-day state visit to the United States. A source …
The Coca-Cola system, consisting of The Coca-Cola Company and its authorised bottler Coca-Cola Beverages Africa has announced its intention to grow its investment in Kenya by up to $175 million …