(NAIROBI, KENYA) – The number of Sacco accounts holding deposits above KES 1 million ($8,500 / GBP 6,500) rose 10% to 154,000 last year, even as most savers continued to hold balances below KES 50,000 ($425 / GBP 325), highlighting persistent inequality in Kenya’s savings sector. Data from the SaccoContinue Reading
(NAIROBI, KENYA) – Kenyan sugarcane farmers earned an estimated KES 33.5 billion ($258 million / GBP 198 million) in the seven months to July as cane deliveries surged, boosting domestic sugar output and easing consumer prices. Farmers delivered 5.94 million tonnes of cane during the period, up from 4.12 millionContinue Reading
(NAIROBI, KENYA) – Record high crude oil tanker freight rates are building fresh pressure on fuel prices at the pump and household energy bills in Kenya as the fallout from the Middle East crisis widens. The cost of hiring oil tankers, known as maritime freight and charter rates, is aContinue Reading
(NAIROBI, KENYA) – Local contractors and truck owners have sued the Kenyan government to force it to publish tax and duty concessions granted to Chinese contractors on infrastructure projects. The petitioners say the unpublished exemptions give foreign firms an unfair edge, creating a 25% to 35% cost gap in theirContinue Reading
(NAIROBI, KENYA) – Kenya received more diaspora cash from Tanzania than from Saudi Arabia in August for the first time, as new foreign worker rules in the Gulf kingdom cut earnings and transfers from one of Kenya’s biggest remittance markets. Cash sent home from Tanzania reached a record $11.72 millionContinue Reading
(NAIROBI, KENYA) – Kenya’s tourism levy collections fell KES 1.004 billion ($7.75 million / GBP 5.79 million) short of target in the year to June after regulations to bring Airbnb rentals, homestays and villas into the tax system failed to take effect. The Tourism Fund collected KES 5.646 billion ($43.58Continue Reading
(NAIROBI, KENYA) – Four countries supplied 55.1% of Kenya’s imports in the first half of 2026, exposing the country’s supply chain to disruption on key trade routes as the Middle East crisis escalates. China, India, Saudi Arabia and the UAE accounted for KES 898.8 billion ($6.9 billion / GBP 5.2Continue Reading
(NAIROBI, KENYA) – Kenya’s banking regulator plans to cap the expansion of the country’s largest banks, in a move aimed at reducing the risk of their collapse and the damage it would cause to the wider economy. The Central Bank of Kenya (CBK) said in new proposals that it willContinue Reading
(NAIROBI, KENYA) – Kenya faces fresh pressure on fuel prices, transport costs and industrial supplies after shipping traffic through the Strait of Hormuz fell to single digits, raising fears of deeper disruption to imports from the Gulf. Preliminary ship tracking data by Reuters showed on Friday that only seven vesselsContinue Reading
(MOMBASA, KENYA) – The government has allocated KES 74.1 billion ($571 million / GBP 450 million) for key enabling infrastructure to fast track the operationalisation of the Mombasa Special Economic Zone (SEZ) in Dongo Kundu and unlock its potential for investment, job creation and export growth. The Principal Secretary (PS)Continue Reading
