Kenya Raises KSh 61Bn in March Bond Reopening
CBK raised KSh 60.99Bn in its March reopening of the 2039 and 2046 Treasury bonds after receiving KSh 117.43Bn in bids, nearly twice the amount offered. Demand was strongest for the longer 2046 bond, which recorded a 4.15× bid-to-cover ratio, while the 2039 bond saw modest coverage. The auction comes as FY2025/26 bond reopenings reach KSh 807Bn accepted, highlighting continued investor appetite for long-dated government debt.
Universities, State Agencies Lead In KSh 468bn Supplier Debt
Kenya’s unpaid government bills are still heavily concentrated in state corporations, with public universities, road authorities, health agencies and energy utilities accounting for much of the supplier debts older than six months.
Kenya’s Economy Looks Great, on Paper.
the real question is whether this stabilisation is a genuine recovery runway capable of sustaining 5.5%+ growth, or a fragile equilibrium on a narrowing fiscal base, broken monetary transmission, and a labour market decoupled from GDP.
Africa is Building on Its Trade Momentum But Structural Frictions Remain, Standard Bank's Trade Barometer Shows
The disconnect between macroeconomic performance and the day-to-day realities facing businesses is still a defining feature of the landscape, the latest Standard Bank Africa Trade Barometer (ATB) shows.When It Rains in Nairobi, It Pours on the Economy
Nairobi's deadly and destructive flooding is not a failure of weather. It is a failure of fiscal priorities made years ago, now arriving as water in people’s living rooms.Kenya Ups Special Projects Budget as Floods, Drought Compound Crises
The flooding compounds an already critical situation in drought-affected areas, where more than 3 million people face hunger, which has escalated the need for rapid, large-scale interventionKenya’s Financial System Liquidity Surpasses KSh6 Trillion for the First Time
Kenya’s financial system liquidity surpassed KSh6 trillion for the first time after broad money (M3) reached KSh6.03 trillion in December 2025, according to Central Bank data. The milestone caps five years of rapid expansion from about KSh4 trillion in 2020, driven by growth in bank deposits, domestic credit and foreign currency balances. Transaction deposits, savings and external assets have all expanded as Kenya’s banking system deepened.Kenya Holds Petroleum Budget Steady as Middle East Tensions Muddy Oil Markets
Kenya's supplementary budget comes at a time when global oil markets remain volatile amid geopolitical tensions in the Middle East, a development that has heightened the importance of maintaining reliable fuel supply systemsKenya Scales Back ICT Budget by 25% as Fiscal Constraints Bite
Rural communities in Kenya are set to face slower digital access after the government cut funding for its Information, Communication Technology and Digital Economy initiatives by 25%Treasury Bill Auction Hits Record KSh 100Bn Demand
Kenya’s domestic debt market is seeing strong investor demand as liquidity flows into government securities. The latest Treasury bill auction drew KSh100.43 billion in bids against a KSh24 billion offer, the highest demand in recent records. Interest in government paper has also remained strong in the bond market, where FY2025/26 auctions to mid-February attracted KSh1.38 trillion in bids against KSh540 billion offered, highlighting sustained institutional appetite for Treasury securities.Kenyan Firms Step Up Hiring Despite Limited Growth-Stanbic PMI
Kenya's employment growth quickened in February compared to January, even as broader private sector momentum eased, according to the latest Stanbic Bank Kenya Purchasing Managers’ IndexIMF Mission Ends Kenya Visit With Call for Stronger Fiscal Discipline
An IMF staff mission led by Haimanot Teferra concluded a visit to Nairobi after discussions with the National Treasury and Central Bank of Kenya on fiscal policy and economic risks. The Fund urged stronger fiscal discipline, improved governance, and greater resilience to external shocks. Talks on a potential new IMF program continue ahead of the IMF–World Bank Spring Meetings, following the stalled completion of Kenya’s US$3.6 billion 2021–2025 program.
