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The Central Bank of Kenya (CBK) has issued a stern warning to banks that fail to reduce their interest rates in accordance with the lowered Central Bank Rate (CBR). This directive is part of an ongoing effort by the CBK to ensure that the benefits of reduced cost of funds
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Co-op Bank has reduced its base lending rate from 16.5% to 14.5% per annum, effective immediately. This 2% cut aims to stimulate credit growth, particularly for MSMEs, following the Central Bank of Kenya's recent rate adjustments.
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Tourism and Wildlife Cabinet Secretary Rebecca Miano on Saturday confirmed that the recent fire in Nairobi National Park was caused by a discarded cigarette butt. The fire broke out in the Athi Basin area near Kitengela and destroyed 210 acres of the park’s 28,000-acre expanse. Miano stated that
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The Ministry of Tourism and Wildlife worked with the Council of Governors (COG) Tourism and Wildlife Committee to agree on resolutions that aim to protect wildlife and grow tourism across counties. Both sides decided to set up an intergovernmental forum, as provided by the Intergovernmental Relations Act, 2012. This forum
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Kenya has received 17 endangered Mountain Bongos from the United States, marking an important step in conservation. The antelopes arrived in Nairobi on February 23, 2025, via a chartered cargo plane. Tourism and Wildlife CS Rebecca Miano confirmed their safe arrival and noted they are adapting well, though they experienced
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A new chapter is unfolding in Kenya’s rugby scene as Safaricom, through its M-PESA brand, makes a high-profile return to the sport after a ten-year absence. With a Ksh 100 million sponsorship deal, the telecommunications giant is injecting fresh financial stability into both the national men’s sevens team,
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Kenya’s tourism sector recorded strong growth in 2024, earning Ksh 452.20 billion, a 19.79% increase from the Ksh 377.49 billion recorded in 2023. This growth reflects the sector’s steady recovery from the pandemic slowdown. Kenya welcomed 2,394,376 international visitors in 2024, up from
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Kenya has joined the global community in marking Safer Internet Day 2025, with a strong focus on child protection and cybersecurity. The Communications Authority of Kenya (CAK), in collaboration with leading technology firms such as Meta, Google, and Safaricom, convened a high-profile event in Nairobi to address emerging digital threats.
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Financial analysts remain optimistic about Safaricom’s stock performance, pointing to the telco’s strong earnings, diversification into financial services, and potential growth in Ethiopia. A report from Standard Investment Bank (SIB) suggests that the company’s fundamentals remain solid, even as challenges emerge in the Kenyan and Ethiopian markets.
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Centum Real Estate (Centum Re) and the Two Rivers International Finance and Innovation Centre (TRIFIC) SEZ have entered into a partnership with Distributed Power Africa-Kenya (DPA-K) to expand solar power generation at the Two Rivers complex in Nairobi. The agreement will increase output from 1.2 megawatts (MW) to 3.
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M-PESA has joined forces with Dashen Bank and CashGo to introduce a new international remittance service that allows Ethiopians to receive money directly into their M-PESA mobile wallets. This initiative aims to simplify and improve access to digital financial services by enabling instant and secure transactions. The partnership offers Ethiopians
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Safaricom, in partnership with Opportunity International, has introduced FarmerAI, an artificial intelligence chatbot designed to help smallholder potato farmers. This tool delivers real-time agricultural guidance through Safaricom's DigiFarm platform via SMS and WhatsApp. The chatbot provides instant insights on fertilizer use, pest control, weather updates, and market trends.