Tag Archives: Kenya Economy

Kenya’s outstanding debt to the World Bank fell to Sh1.728 trillion in March 2026, down from Sh1.964 trillion recorded in both September and December 2025, according to data from the National Treasury. The figures show a gradual decline in the country’s obligations to the lender after the debt reached a …

Tuk tuk operators have demanded a public apology from Professor Makau Mutua after he referred to their vehicles as “pathetic contraptions,” warning that they will pursue legal action and organise peaceful nationwide protests if he fails to apologise within seven days. In a statement, the Tuk Tuk Operators Network (TTON) …

The Kenya Revenue Authority (KRA) has reinstated a tax amnesty programme that offers a 100 percent waiver on penalties, interest and fines for tax debts accumulated up to December 31, 2025, in a move aimed at easing taxpayers’ financial burden and improving tax compliance. The six-month initiative, introduced through the …

Treasury Cabinet Secretary John Mbadi has defended the government’s decision to sell part of its stake in Safaricom, dismissing criticism from opposition leaders as politically motivated and insisting the transaction was conducted legally and transparently. Speaking in Kisumu on Saturday, Mbadi said the partial sale was aimed at raising funds …

The Capital Markets Authority (CMA) has approved an exemption allowing Vodafone Kenya Limited (VKL) to proceed without making a mandatory takeover offer, clearing a key hurdle for a proposed Sh206 billion (US$1.6 billion) transaction involving Safaricom PLC. The approval enables Vodafone Kenya to acquire 6.01 billion ordinary shares in Safaricom …

Kenya risks losing nearly 2,900 jobs and experiencing a slowdown in investment as the Ebola outbreak in the Democratic Republic of the Congo (DRC) continues to disrupt regional trade and business activity, a new United Nations Development Programme (UNDP) report has warned. Although Kenya has not recorded any Ebola cases, …

Kenya’s annual inflation rate eased slightly to 6.4 per cent in June, down from 6.7 per cent recorded in May, offering modest relief to consumers even as the cost of food and transport remained elevated. According to the latest Consumer Price Index (CPI) report released by the Kenya National Bureau …

The Board of I&M Group PLC has appointed Abdi Mohamed as the incoming Chief Executive Officer of I&M Bank Kenya, subject to approval by the Central Bank of Kenya (CBK). In a statement issued to shareholders on Monday, the lender announced that Mohamed will join the bank from Absa Bank …

The Nairobi Securities Exchange (NSE) is Kenya’s primary stock market where investors buy and sell shares of publicly traded companies. It serves as a marketplace that connects companies seeking investment capital with individuals and institutions looking to invest their money. Established in 1954, the NSE has grown into one of …

Mobile money subscriptions in Kenya increased by two million to reach 53.4 million in the third quarter of the 2025/26 financial year, highlighting continued expansion of the country’s digital payments ecosystem. According to the latest data from the Communications Authority of Kenya (CAK), subscriptions grew from 51.4 million in the …