Category: Economy&Finance
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Kenya has been keen to resume negotiations with the Trump administration on a bilateral FTA. Kenya faces a blockage of duty-free access to the US market, the world’s largest consumer market, if the 25-year old African Growth and Opportunity Act (AGOA) agreement is not renewed. The deal expires on 30th September 2025 and the clock…
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The Kenya Financial Sector Stability Report, 2025, was published by CBK. Under the blind eye of two regulatory bodies, assets and cash deposits held at Kenya Union of Savings and Credit Cooperative Society (KUSCCO) Limited were carted away, leaving behind a trail of losses to SACCOs, insurance companies, capital market and real estate firms that…
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UBA Kenya, a subsidiary of the UBA Group, is providing a bridge facility that positions it among the largest financiers of the deal. United Bank for Africa (UBA) has committed $150 million, about Ksh 16.38 billion, to Kenya’s Road Maintenance Levy securitisation programme, giving a major boost to the government’s plan to accelerate road development.…
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BasiGo CEO, Jit Bhattacharya (left) and Lee Kinyanjui Cabinet Secretary for investments, Trade and Industry flag off one of the locally assembled BasiGo buses under the King Long brand. This has been enabled through a partnership between Kenya Vehicle Manufacturers (KVM) to enable the rollout of these vehicles in Kenya. Kenya Vehicle Manufacturers (KVM) has…
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Bolt pointed to the growing demand for ride-hailing services in Kenya. Bolt has announced that its top 50 drivers in Kenya earned an average of K 1,280,000 in gross income over the first six months of 2025. This translates to about Ksh 213,000 per month, a figure that is significantly higher than many white-collar jobs…
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Raimond Molenje, CEO, Kenya Bankers Association Kenya’s small and medium enterprises will be under the spotlight next week as bankers, regulators and policymakers meet to chart a path for better financing models. The Kenya Bankers Association (KBA) will bring together local and international experts in Nairobi on September 18 and 19 for its 14th Annual…
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Man holding fuel pump at a filling station Kenya could be staring at higher fuel prices in the coming weeks as global crude oil costs edge upward. The Central Bank of Kenya (CBK), in its weekly bulletin dated September 12, 2025, confirmed that international oil prices have climbed ahead of the Energy and Petroleum Regulatory…
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Kenya Revenue Authority (KRA) notified taxpayers and stakeholders of another scheduled system maintenance that would temporarily disrupt services. The Kenya Revenue Authority (KRA) notified taxpayers and stakeholders of another scheduled system maintenance that would temporarily disrupt services. The tax authority informed users in a notice issued on Friday, September 12, that the maintenance will affect…
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TechTrends Media has announced the upcoming TechTrends Innovation Awards 2025, which will be held as part of the TechTrends AI-Powered Business Transformation Forum in Nairobi. The awards will recognize and celebrate organizations and innovators that are driving digital inclusion, responsible AI adoption, and next-generation business transformation in Africa. Winners will be honored live at the…
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The Social Health Authority buildings in Nairobi. The government has announced that nine million Kenyans are likely to be barred from accessing the Social Health Authority (SHA) Lipa Pole Pole credit programme and other state-backed financing facilities. Principal Secretary for Micro, Small and Medium Enterprises Development, Susan Mang’eni, on September 12, said the measure targets…