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 …
Business
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BusinessNews
Central Bank Slashes Key Rates in Bold Push for Lending and Revive Economy
by Editorby EditorIn 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 …
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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 …
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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, …
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BusinessNews
Kenya Power Secures Sh12 Billion AfDB Funding to Expand Electricity Access to 150,000 More Homes
by Editorby EditorKenya 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 …
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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 …
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BusinessNewsTechWorld
Kenya to Strip Anonymity from Crypto with New Law Targeting Tax Evasion and Crime
by Editorby EditorKenya 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 …
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Business
KRA Lowers Fringe Benefits and Deemed Interest Tax Rates for Second Quarter
by Editorby EditorThe 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 …
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BusinessNewsTechWorld
Kenya Launches Ambitious AI Strategy to Lead Africa’s Digital Future
by Editorby EditorKenya has unveiled its Artificial Intelligence (AI) Strategy 2025–2030, positioning the country as a regional leader in AI research, innovation, and commercialization. The strategy aims to drive inclusive socio-economic development …