Kenya Eyes Local Financiers for Public-Private Partnerships
The government has appointed over thirty experts from Kenya's financial sector to create a road map for mobilization of long-term local financing for strategic state projects. In a letter signed [...]
Kenya's Private Sector Activity Expands for a 4th Month-Stanbic PMI
Kenya's private sector expanded for a fourth consecutive month in January albeit at a slower rate compared to the preceding two months, the latest Stanbic Purchasing Manager Index (PMI) shows. [...]Court Blocks CIB Kenya From Selling Defaulter's Land over KSh 167mn Debt
The High Court has blocked a proposal by CIB Kenya to change the terms of a KSh 180 million facility given to Azofco General Merchants Ltd. attaching a second [...]60% of Kenyan Companies Don't Expect to Hire in 2025-KNCCI Business Barometer
Kenya urgently needs to revitalise its business environment as private sector sentiment is generally less optimistic in 2025 than in the last two quarters of last year, the latest Kenya National Chamber of Commerce [...]World Bank's IFC and Equity Bank Launch KSh 2.5Bn Risk Sharing Deal
Equity Bank and the International Finance Corporation (IFC) have launched a $20 million (KSh 2.5 billion) Risk Sharing Facility (RSF) to enhance unsecured microlending among underserved communities, especially refugees and their [...]Bond Turnover Surged to KSh 1.5 trillion in 2024
Kenya’s secondary bond market's turnover more than doubled to breach the KSh 1 trillion mark in 2024, as significant developments in monetary and fiscal policies improved investor demand. “We attribute [...]US Halts US$13mn Funding for Kenya-Led Haiti Mission
The United Nations (UN) has stated that the Kenya-led mission to rid Haiti's capital of criminal gangs is likely to suffer deeper financial shortages as a result of President Donald [...]State Pressed on High Power Connection Costs to the Poor
The government has defended its last mile electricity project on allegations that it discriminates against the poor with its high connection bills. “To say that there is discrimination in power [...]Fitch Ratings Affirms Kenya at B- with Stable Outlook
Global credit ratings agency Fitch Ratings has maintained Kenya’s sovereign rating at “B-” with a Stable Outlook, citing solid growth prospects and a stronger monetary policy. “The Stable Outlook reflects [...]Nigeria's Civil Aviation Authority Summons KQ, Passenger Over Scuffle at JKIA
Nigeria's Civil Aviation Authority (NCAA) has summoned Kenya Airways' (KQ) station manager in Lagos over what it says is a long history of maltreatment of the country's passengers by the [...]Vivo Energy on the Spot Over Claims of Poor Quality Petrol in Shell Fuel Stations
A YouTube Video randomly testing the octane levels in petrol sold across different fuel stations in Kenya has rattled Vivo Energy, the sole distributor and marketer of Shell products in [...]Nearly Half of Verified Pending Bills not Genuine-CS Mbadi
Nearly half of the verified pending bills are not authentic, raising questions on figures before the public raised by suppliers for compensation, National Treasury Cabinet Secretary John Mbadi has said. [...]
