Kenya Projects KSh 901Bn in New Debt, 65% from Domestic Sources
Kenya will raise nearly two-thirds of its net borrowing this year from the domestic market, including proceeds from privatisation, according to the Annual Borrowing Plan. Domestic borrowing will be driven [...]
Airtel Kenya Bets on Home Fiber with US$ 150mn Data Center
Airtel Kenya plans to step into the home fiber market to satisfy the surge in demand for high-speed internet. “Beyond capacity, our focus is on sustainability and resilience, enabling customers [...]
Kenya Secures KSh 16.4Bn in Roads Securitization Push
The government has signed a US$ 150 million (Ksh 16.38 billion) financing agreement with United Bank for Africa (UBA) as part of a landmark US$ 1.35 billion (KSh 175bn) programme to clear unpaid [...]Pan-African Telco Paratus Expands into Kenya, East Africa
Pan-African telecommunications provider Paratus Group has expanded operations into four East African countries, providing internet services to businesses and communities while also acting as an authorized Starlink reseller in Kenya [...]Bolt’s Top 50 Drivers Made Over KSh 1.2 Million Each in Six Months
Ride hailing platform Bolt has said that its highest-earning drivers in Kenya grossed more than KSh 1.2 million each in the first half of 2025, underscoring the growing profitability of [...]African Farmers to Reap Big as Global Fund Targets $250m in Agribusiness Deals
Kenyan farmers and entrepreneurs could soon benefit from a wave of fresh capital after a global impact fund announced plans to pump billions of shillings into agribusiness and manufacturing across [...]Kenya to Secure KSh 230Bn in Loans from External Sources
Kenya plans to raise more than KSh 230 billion in program loans from the World Bank, African Development Bank (AfDB), and bilateral partners during the 2025/26 fiscal year, according to [...]The Kenyan, Somali Ring At the Center Of America’s Largest Pandemic Fraud
In early August, Abdiaziz Farah, a 36-year-old Somali-American businessman, was sentenced to 28 years following his involvement in a US$300 million fraud scheme that exploited the Feeding Our Future program, [...]National, County Governments Breach Wage Bill Cap as Salaries Crowd Out Development Spending
Counties are struggling to rein in their wage bills, with personnel costs consuming nearly half of revenues and consistently breaching the 35% cap set under the Public Finance Management Act. [...]CBK Stress Test Flags Credit and Cyber Security Risks for Kenyan Banks
Kenya’s May 2025 banking sector stress test highlights a fragile balance between improved resilience and persistent risks. Projections place the sector's NPLs at 16.3% under a baseline scenario by December [...]Kenya's Saccos Cross KSh 1 Trillion in Combined Assets
Kenyans are saving in, and borrowing more from, Saccos than ever before, pushing the sector’s assets past KSh1 trillion by the end of 2024, but the sector is grappling with [...]Court Halts IMF-Backed e-Procurement Rollout As Governors, MPs Heighten Opposition
The High Court has suspended the Treasury’s directive requiring all government entities to adopt electronic procurement, ordering that both digital and manual submissions be accepted and processed equally under existing [...]
