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Jobs worry as soap maker PZ Cussons mulls over Kenya future

British consumer goods company PZ Cussons, has launched a strategic review of its operations in Kenya, raising concerns over the future of local jobs.

By 2 days ago

Princeton-backed innovation hub launches in Kenya to plug skills gap

PASER aims to create a new model for development where municipalities and devolved governments use data-driven research to train a new generation of professionals and attract investment.

By 1 day ago

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Tea farmers appeal for UK law to promote justice and fair pay

More than 250 Kenyan tea farmers and workers are calling on the UK government to introduce new mandatory Human Rights and Environmental Due Diligence (HREDD) legislation.

By 3 days ago

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Kenya faces sobering debt crisis reality after Eurobond high

While the risk of immediate default after the repayment of the Sh260 billion debt may have receded, the underlying structural problems remain.

By 4 days ago

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Why global ratings agency is doubting Mbadi's debt strategy

Kenya’s growing debt has caught the eye of authorities including Controller of Budget.

By 6 days ago

Banks ink Sh107b deal to fund Kilifi's special economic zone

KCB Group and the Afreximbank have signed a Sh107 billion joint funding agreement to operationalize the Vipingo Special Economic Zone. 

By 6 days ago

StanChart Kenya warns profit fall due to Sh7b pension payment

Tier one lender, Standard Chartered Bank Kenya Ltd, has projected at least a 25 per cent fall on its 2025 full-year net profit.

By 8 days ago

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Trump administration seeks views on Kenya trade barriers despite AGOA snub

The US Trade Representative (USTR) is soliciting comments from American businesses on trade barriers they face in Kenya

By 8 days ago

Kweli Capital acquires Old Mutual Securities in brokerage push

Kweli Capital Limited, an East African technology-driven investment company, has acquired a majority stake in Old Mutual Securities Limited.

By 9 days ago

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How high borrowing costs compound Kenya's debt challenges

Moody's has sounded an alarm that the Kenyan government is currently battling sharply high borrowing costs, which are worsening fiscal strains and limiting credit availability for private businesses.

By 9 days ago

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Why diaspora remittance is drying up

Many Kenyan homes depend on these revenue and any slight change is expected to have a major impact on so many lives.

By 10 days ago

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Firms pull out all stops to pamper top CEOs amid fierce talent war

Blue-chip companies are sparing no expense to retain and attract top executive talent, with lavish compensation packages for CEOs becoming the norm.

By 11 days ago

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Why your favourite tipple is likely to be fake

East African Breweries Ltd (EABL), the region’s leading alcoholic beverage company, is grappling with an unprecedented rise in counterfeit and illicit alcohol.

By 11 days ago

Big banks have lowest loan rates: CBK data

Stanbic Bank Kenya, a unit of South Africa’s Standard Bank Group, at 12.30 per cent; Standard Chartered Bank Kenya at 12.81 per cent; and Ecobank Kenya at 12.87 per cent. 

By 13 days ago

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Deep-pocketed foreign banks beat Kenyan rivals with cheaper loan rates

Kenyan units of global banking giants are offering the country’s most competitive lending rates, using their expansive capital bases to undercut domestic rivals.

By 14 days ago

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Ruto banking on China's backing to test Trump and rewrite the rules at UNGA

Ruto heads to UNGA determined to spearhead calls for reforms at the world body, buoyed by Chinese President Xi Jinping’s fresh appeal for a ‘more just and equitable’ global governance system.

By 14 days ago

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'They ate our lunch': How Hustler Fund, digital lenders have killed Kenya's micro finance banks

Kenya’s microfinance banks (MFBs), once hailed as critical vehicles for financial inclusion, are now the weakest link in the country’s banking sector, with six consecutive years of losses.

By 15 days ago

Paratus group expands East Africa footprint with high-speed fibre connectivity

The move signals a strategic bid to capture a share of East Africa’s rapidly growing digital economy, which Euromonitor forecasts will account for 29 per cent of Africa’s total GDP by 2040.

By 14 days ago

'This is my plea': Exiting Afreximbank chief calls on African banks to close trade finance gap

Oramah expressed particular frustration at the absence of African development banks, commercial lenders, and credit insurers.

By 14 days ago

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12 banks face merger over Sh20b capital crunch

Up to a dozen Kenyan banks face mergers, acquisitions or collapse unless they raise a collective Sh19.8 billion in capital by year-end, a new report by the Central Bank of Kenya has indicated. 

By 16 days ago

Afreximbank pledges $2 billion to boost African county governments' role in trade

Afreximbank, will provide $2 billion in financing to sub-national governments to help drive economic development and trade, its president said on Friday.

By 17 days ago

Algeria courts Kenya in bid to deepen trade ties

Gas-rich Algeria is intensifying efforts to boost trade with Kenya and other African nations as it positions itself to capitalise on the African Continental Free Trade Area (AfCFTA).

By 17 days ago

African traders urged to adopt transit bond scheme to cut costs

The African Continental Free Trade Area (AfCFTA) Single Bond Guarantee Scheme offers a viable solution to long-standing logistical and financial barriers hampering intra-African trade.

By 16 days ago

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Inside Ruto's new Sh206b JKIA upgrade plan after Adani deal flop

A confidential Cabinet briefing document shows KAA will now engage bilateral and multilateral financiers, including the World Bank’s IFC and the African Development Bank.

By 18 days ago

State moves to rein in wayward telcos with new competition rules

The government has introduced a new tough set of competition rules that promise to reshape the country’s telecommunications landscape.

By 19 days ago

Kenyan governors pitch regional mega-projects at African trade forum

Kenyan governors pitched for local mega-projects they say are crucial for unlocking economic growth and reducing the continent's reliance on foreign aid.

By 18 days ago

Kenya urges Africa to tap private funding for infrastructure

"With shrinking fiscal space for debt, including foreign debt, we must pioneer innovative ways for raising revenue. One model that has proven successful is public-private partnerships," Kindiki said.

By 20 days ago

Outgoing Afreximbank boss roots for Africa's economic independence

Oramah called for Africa to achieve full economic independence through increased trade and self-financing, as the fourth Intra-African Trade Fair (IATF) opened on Thursday in Algiers.

By 19 days ago

Galana Energies pledges social investment as it marks 25-year milestone

The homegrown company said the commitment through its Galana Foundation would focus on scaling its scholarship programme, which has so far supported more than 80 students entering high school.

By 20 days ago

State's debt to suppliers hits crippling Sh525b despite promises

The national government’s debt to suppliers surged 39 per cent in the past year to a record Sh524.84 billion, piling pressure on small businesses.

By 21 days ago

Controller of Budget sounds alarm over rising Sh12tr debt burden

Kenya’s Controller of Budget Margaret Nyakang’o has issued a stark warning over the country’s rapidly growing public debt, which reached Sh11.73 trillion by the end of June 2025.

By 22 days ago

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Why Trump is demanding AfDB clean-up as Kenya's loan billions expose graft

A US Treasury report reveals that 83 per cent of AfDB’s sanctioned cases involved fraud, with Kenya identified as a top beneficiary of loans and a primary source of corruption complaints.

By 23 days ago

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Why cash-hungry KRA is after digital taxi drivers

KRA is targeting tens of thousands of digital taxi drivers in a new crackdown to plug a Sh47.3 billion revenue shortfall, a move that risks squeezing drivers’ margins further.

By 26 days ago

China funds Kenya's new 'army of public policy experts' to bridge critical skills gap

Kenya is tapping Chinese funding to educate a new cadre of public policy experts including economists, scientists and engineers, a bid to close a critical skills deficit and accelerate its transition.

By 26 days ago

Somaliland gets its first international five-star hotel

The new property marks a major milestone as the first internationally branded five-star hotel to open in Somaliland.

By 28 days ago

Collapse of Banda Homes leaves off-plan investors in financial ruin

This marks a dramatic collapse of a firm that once promised affordable housing but left investors with undelivered homes and lost savings in the millions of shillings.

By 28 days ago

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No more hidden fees as CBK moves to enforce new loan pricing model

Risk-Based Credit Pricing Model, which kicks in on September 1, seeks to eliminate opacity while creating a fairer, more competitive lending environment.

By 28 days ago

Afreximbank's A-rating affirmed by Japan's JCR

Afreximbank the multilateral financial institution with a mandate to finance and promote intra- and extra-African trade, has signed a multibillion-dollar deal with Kenya

By 28 days ago

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Why Kenya wants to force foreign oil giants into local partnerships

Kenya's energy regulator has proposed new rules that would force giant foreign oil and gas companies to enter partnerships with local firms and prioritise Kenyan goods and services.

By 28 days ago

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State to cap LPG prices in fresh bid to tame cost, raise uptake

Kenya will introduce a pump price model for liquefied petroleum gas (LPG), applying the state-controlled pricing mechanism for kerosene, petrol and diesel, to curb rising costs and boost adoption. 

By 30 days ago