(NAIROBI, KENYA) – Kenya’s insurance regulator and Kenya Re have differed over a regulatory filing showing the reinsurer bought a KES 3.39 billion ($26.2 million) stake in collapsed Athi River Mining Cement, raising questions over the identity of the listed transaction. The filings from the Insurance Regulatory Authority for theContinue Reading
(NAIROBI, KENYA) – Kenya has charged three traders over a KES 3.9 billion ($30.2 million) value added tax fraud scheme that used fictitious electronic invoices worth about KES 25 billion ($193.8 million) over five years, with prosecutors seeking more suspects. The court heard that the three traders were part ofContinue Reading
(NAIROBI, KENYA) – Kenya has overtaken Ethiopia to become East Africa’s largest economy, ending five years of Ethiopian dominance after a sharp devaluation of the birr reduced Ethiopia’s gross domestic product in dollar terms. The IMF expects Kenya to overtake oil producing Angola in 2028 and move into sixth place.Continue Reading
(NAIROBI, KENYA) – Kenya is seeking to shift forestry from mainly a conservation activity to a source of investment, jobs and economic growth, backed by new climate funding, commercial tree growing plans and forest restoration projects. The country has approved $229 million (KES 29.6 billion / GBP 173.3 million) inContinue Reading
(NAIROBI, KENYA) – Kenya’s digital credit market has reached a new regulatory milestone after the Central Bank of Kenya licensed 29 additional Digital Credit Providers, bringing the total number of regulated lenders to 281. The latest approvals follow the licensing of 25 digital lenders in July 2026, as the regulatorContinue Reading
(NAIROBI, KENYA) – Monthly electricity bills for homes and businesses newly connected to Kenya’s national grid have fallen below KES 1,000 ($7.72), reflecting low consumption patterns among households recently linked to the network. Official data shows that customers connected by Kenya Power in the year ending June 2026 spent anContinue Reading
(NAIROBI, KENYA) – Kenya’s Social Health Authority has extended the deadline for healthcare providers to sign contracts with the State agency to 14th October, allowing hospitals, clinics and medical practitioners to treat registered scheme members and claim reimbursements. The authority said Healthcare Provider Contracts that expired on 30th September 2026Continue Reading
(NAIROBI, KENYA) – Kenya will increase its stake in the proposed KES 2 trillion ($15.4 billion / GBP 11.9 billion) Dangote refinery in Lamu beyond the 10% it has been allocated if other East African countries decline to take up their share, National Treasury Cabinet Secretary John Mbadi has said.Continue Reading
(NAIROBI, KENYA) – Kenyan Eurobond yields have fallen in recent weeks, resisting pressure from rising interest rates on similar instruments in advanced economies such as Japan and the United States, in a sign that Kenya can raise funds cheaply in international capital markets. Yields on all but one Eurobond haveContinue Reading
(NAIROBI, KENYA) – Kenya’s mobile money providers will be allowed to invest customer deposits in government securities and interest-bearing bank accounts under a new payments Bill, potentially generating significant returns from the KES 41.7 trillion ($329 billion / GBP 251 billion) moved through M-Pesa alone each year. The National PaymentsContinue Reading
