Kenya has secured a $750 million (approximately KSh97 billion) budget support loan from the World Bank, providing a significant boost to the government's efforts to strengthen public finances, improve governance and protect vulnerable households. The funding, approved under the Second Kenya Fiscal Sustainability and Resilient Growth Development Policy
President William Ruto has signed the Finance Bill 2026 into law, paving the way for a raft of tax and administrative changes aimed at increasing government revenue while supporting economic growth. The new law takes effect after months of public debate, parliamentary scrutiny and stakeholder consultations. Unlike the controversial Finance
After Two Decades of Waiting, Family Bank Finally Rings the NSE Bell Family Bank has officially made its debut on the Nairobi Securities Exchange (NSE), becoming the latest lender to join the bourse in a move expected to boost the bank's visibility and give investors a new banking
Murang'a County's ambition to become a manufacturing hub has received a major boost after six companies secured 99-year leases at the Murang'a Industrial Park, paving the way for new factory developments and increased investment. The investors were among companies issued with allotment letters for
South Africa's Absa Group announced on June 19 that it is launching a Ksh30.9 billion ($238.6 million) tender offer to raise its stake in Absa Bank Kenya. From 68.5% to as much as 85%, offering minority shareholders Ksh34.50 per share an 18.1% premium
Kenya has made history by becoming the first African country to host the 11th Our Ocean Conference, bringing together thousands of delegates, including world leaders, investors, scientists and environmental experts, to discuss the future of the world's oceans. Held in Mombasa from 16 to 18 June, the conference
Kenya's coffee exports are projected to reach 55,000 metric tonnes in 2026, up from 52,000 in 2025, and the government wants farmers to understand precisely why the sector is growing and what could reverse it. Henry Kinyua, advisor on crops and value chains in the Executive
The world's largest electric two-wheeler manufacturer arrived in Kenya in early June, and it didn't come quietly. Yadea, a Chinese company that has sold more than 16.3 million electric two-wheelers globally in a single year, unveiled five motorcycle models at a Nairobi showcase, targeting boda
African fintech company NALA has secured up to $50 million (about KSh6.5 billion) in financing to accelerate the expansion of its stablecoin-powered cross-border payments platform, as demand grows for faster and more affordable international money transfers. The financing, provided by Liquidity through Mars Growth Capital which is a joint
The Kenya Bankers Association (KBA) has urged Parliament to reject a proposal by the Kenya Revenue Authority (KRA) that would subject the sale of repossessed assets to Value Added Tax (VAT), arguing that the move could drive up the cost of borrowing and make credit less accessible for Kenyans. The
The Kenya Mortgage Refinance Company formally listed its Ksh3 billion sustainability bond on the Nairobi Securities Exchange on May 25, completing a transaction that had already made headlines when its subscription window closed nearly two weeks earlier. Investors submitted bids worth Ksh9.38 billion, a 312.8% oversubscription on an
As Nairobi hosts the historic Africa Forward Summit 2026, one of the most closely watched developments emerging from the gathering is the strengthening relationship between President William Ruto and President Emmanuel Macron. The summit has not only elevated Kenya’s diplomatic standing on the continent but has also signaled a