Kenya Seeks New IMF Deal, Dropping Ninth Review
Kenya has requested the International Monetary Fund (IMF) to drop the ninth review of the country’s existing loan program—tagged at over KSh 460 billion—and requested a fresh arrangement instead. “The [...]
High Court Appoints Liquidator for Xplico Insurance
Diana Nduku Mumo has been appointed interim liquidator of Xplico Insurance, marking a significant step in the troubled insurer’s long-running financial woes. “From the evidence contained in the supporting affidavit, [...]KRA Decongests Malaba, Busia Border Posts with 3 New Facilities
The Kenya Revenue Authority (KRA) has established trade facilitation centers in Kainuk, Lodwar, and Kakuma to spur activities along the Northern Corridor, a critical trade route linking Kenya with South Sudan, Ethiopia, and Uganda. “The [...]CBK Likely to Lower Interest Rate to 9% by Year End Absa Research
The Central Bank of Kenya (CBK) is likely to continue cutting the benchmark rate to 9% by the end of 2025 and hold it there for the next two years, [...]Counties Keep Retirees on Payroll Despite Rising Youth Unemployment Rate
Three coastal counties are retaining employees above the retirement age with Mombasa County leading with 96 workers who ought to have retired, the Auditor General says in the 2023/24 report. [...]Kenya Targets Tea Industry Reform With New Levy, Ban on Hawking
Agriculture Cabinet Secretary Mutahi Kagwe has announced the creation of a Common Marketing Development Fund, financed from a new levy designed to promote tea in Kenya and internationally. “Anybody buying [...]Sudan Blocks All Imports from Kenya in Escalating Diplomatic Spat
Sudan's Ministry of Trade and Supply has suspended all imports from Kenya, escalating tensions between the two nations over Nairobi’s engagement with the paramilitary Rapid Support Forces (RSF). “The import [...]Sanlam Share Price up 11% After First Profit in 5 years
Sanlam’s share price jumped 11.4% on Thursday after reporting an increase in net profit to KSh 1.05 billion in 2024 from a loss of KSh 126.6 million in 2023. “The [...]Supplier to Bear Loss as Kenya Orders Destruction of Expired Fertilizer
Agriculture Livestock Development Cabinet Secretary Mutahi Kagwe has ordered for the destruction of 27,518 bags of expired fertilizer held in various National Cereals and Produce Board (NCPB) stores. “As [...]Metropolitan Sacco Penalised for Clinging to Member’s Deposit
The Cooperatives Tribunal has ordered struggling Metropolitan SACCO to refund a member’s Ksh 351,258.71 deposit plus costs and interest after failing to prove why it had not done it despite [...]Kenyan Motorists Face Higher Fuel Prices as EPRA Raises Margins
Kenyan motorists will pay higher fuel prices as the Energy and Petroleum Regulatory Authority (EPRA) is set to raise margins for oil marketing firms, transporters, and retailers. “It is important [...]18 Arrested in Cargo Dumping' Tax Evasion Scheme
Eighteen people have been arrested in Nairobi in a crackdown on a cargo dumping' tax evasion scheme where goods destined to Democratic Republic of Congo (DRC) were diverted to Eastleigh. [...]
