Stanbic Bank Kenya’s parent company, Standard Bank Group, is set to join China’s Cross-Border Interbank Payment System (CIPS) by the end of 2025 in a strategic move aimed at enhancing…
The U.S. has once again criticized Kenya over widespread corruption in public procurement, accusing officials of extorting American firms seeking government tenders. In its 2025 National Trade Estimate Report, the…
In a bold and unprecedented move, the Central Bank of Kenya (CBK) has slashed key interest rates in a triple-pronged policy shift aimed at pushing commercial banks to reduce lending…
Yields on Kenya’s Eurobonds have surged to their highest level in nearly a year and a half, mirroring a broader sell-off in frontier market debt as global investor sentiment turned…
Kenya is tightening oversight on the digital asset space with a newly proposed law that seeks to introduce steep penalties for unlicensed operations. The Virtual Asset Service Providers Bill, 2025,…
Kenya Power has secured a Sh12 billion funding boost from the African Development Bank (AfDB) to drive the third phase of its flagship Last Mile Connectivity Programme (LMCP), targeting 150,000…
Kenya’s Listed Insurers Show Mixed Financial Performance in 2024 Kenya’s insurance sector, represented by listed companies on the Nairobi Securities Exchange (NSE), showed a blend of resilience and mixed results…
NCBA Group PLC has announced plans to appeal a High Court ruling that invalidated a KSh 384.5 million stamp duty waiver granted during the 2019 merger of NIC Bank and…
Kenya is set to enforce tough new rules on cryptocurrency exchanges and wallet providers through the proposed Virtual Assets Service Providers Bill of 2025, aimed at curbing tax evasion, money…
The Kenya Revenue Authority (KRA) has revised the Fringe Benefit Tax and Deemed Interest Rate applicable from April through June 2025, setting both rates at nine per cent. In an…