… Sifuna described it as a critical pipeline for Kenya's talent and acknowledged the crucial role of partners such as Equity Group, the Central Bank of Kenya, and Farmer's Choice, Kenya Institute of Curriculum Development in sustaining the event. …
… Of the amount, Ksh.2.57 trillion was borrowed from the banking sector through Treasury bills and bonds, as revealed by the Central Bank of Kenya (CBK).
… Sidian Bank, a Tier II lender regulated by the Central Bank of Kenya, has been expanding its bancassurance business as part of its broader strategy to offer integrated financial services to retail, SME and corporate customers. …
The International Monetary Fund (IMF) has sharply criticised the Central Bank of Kenya (CBK), accusing it of relying on a “flawed” economic forecasting model that has for years systematically misdiagnosed the drivers of inflation or cost of living undermining President William Ru …
… He added that Central Bank of Kenya data shows there are about 890,000 active MSME loan accounts, leaving millions of small businesses without access to structured financing. …
Mobile money transaction volumes fell 30 per cent in 2025, with the average monthly transactions declining to 217.6 million from 309.3 million in 2024, according to the Central Bank of Kenya, as Kenyans shift to alternative payment channels.
Mobile money transaction volumes fell 30 per cent in 2025, with the average monthly transactions declining to 217.6 million from 309.3 million in 2024, according to the Central Bank of Kenya, as Kenyans shift to alternative payment channels.
Equity Group has built the largest cross-border workforce of any Kenyan lender, employing 5,245 staff in regional subsidiaries, according to the Central Bank of Kenya's 2025 annual report. The expansion reflects the bank's Pan-African strategy, particularly in the Democratic Republic of Congo, where it employs 2,199 staff.
The European Bank for Reconstruction and Development (EBRD) has unveiled a $100 million funding programme to provide Kenyan traders and manufacturers with longer-term dollar loans at more predictable costs, executed through Co-operative Bank of Kenya, which has drawn the first $50 million tranche. The transaction is the first dollar-denominated deal arranged by the EBRD for a Kenyan tier-one lender and the first in the country to use Kenya's new benchmark reference rate, KESONIA.
Kenya's banks hesitate to invest in the blue economy despite its potential, citing concerns over market volatility and unclear regulation. A senior government official has called on financial institutions to support maritime and shipping investments, noting the sector's capacity to create jobs and drive economic growth.
As the 2027 general election approaches, Kenyan political leaders are traveling to the United States seeking legitimacy, lobbying opportunities, and financial support for their campaigns.
Stanbic Bank Kenya has appointed Michael Mutiga as its new Chief Executive Officer, following Central Bank approval. Mutiga, a lawyer and banker with previous roles at Safaricom, Citibank, and Absa, takes over from Abraham Ongenge and will lead the bank's next growth phase.
The Central Bank of Kenya has published draft guidelines proposing to ban shell banks, closing a regulatory loophole that officials say has enabled paper-only entities to facilitate money laundering and terrorism financing in the country.
Stanbic Bank Kenya has appointed Michael Mutiga as chief executive following regulatory approval from the Central Bank of Kenya. Mutiga brings investment banking expertise and telecommunications sector leadership experience to the role as the bank reports a Sh6.6 billion profit after tax for the first half of 2026.
Kenya's housing challenge stems primarily from affordability constraints rather than lack of supply, with high interest rates (14.9% average), short repayment tenors (about 11 years), and limited long-term funding excluding most Kenyans from formal home ownership. With only 30,000 active mortgages and a loan book of Sh279.3 billion, systemic issues including high land costs, costly titling processes, and regulatory frictions compound the problem.
Former Sports Principal Secretary Peter Kirimi Kaberia and 12 other accused persons have been charged with misappropriation of Sh330.6 million allocated for hosting the 2018 African Nations Championship (CHAN). Those charged include three former senior ministry officials, four businessmen, and five companies; they pleaded not guilty to 17 corruption charges including conspiracy, abuse of office, and financial misconduct.
Kenya's public sector employment grew 4.6% in 2025 to 1.07 million workers, with the wage bill rising to an estimated Sh1.287 trillion in the 2025/2026 financial year. The Teachers Service Commission remains the largest public employer with 436,300 employees, followed by ministries with 243,500 and county governments with 239,000.
The Central Bank of Kenya has approved South African financial services provider Nedbank Group Limited's acquisition of 66 per cent of NCBA Group PLC, which the CBK approved on August 28, 2026 under the Banking Act. The transaction will take effect upon completion according to the agreement between the two parties.
Kenyan banks are posting record half-year profits, with growth increasingly driven by their regional units beyond Kenya's borders as a slowing domestic economy and rising living costs squeeze households and businesses at home.
Kenya's top business leaders are growing increasingly anxious about the 2027 general election, with a Central Bank of Kenya survey indicating major concerns over political instability as a dark cloud over an otherwise cautiously optimistic economic outlook.
Kenya's banks are expected to disburse over Ksh.400 billion to SMEs by end of 2026, as the cost of credit eases following the Central Bank's monetary policy easing cycle. The CBK has signaled it will conduct on-site inspections of banks' credit pricing models starting March 2027.
The Ministry of Tourism and Wildlife has proposed that the Tourism Fund retain responsibility for collecting levies from hotels and restaurants while the Cabinet Secretary oversees management of the funds, in order to improve efficiency and transparency. The 2% revenue levy currently supports government-owned tourism institutions including the Kenya Tourism Board and Kenya Utalii College.
The Ministry of Tourism and Wildlife has recommended that the Tourism Fund continue collecting levies while the Cabinet Secretary assumes oversight of fund management and disbursement, to enhance efficiency, transparency and accountability. The two per cent levy is currently collected from regulated hotels and restaurants and disbursed to government-owned tourism institutions.
Kenya's public debt has reached Sh13.011 trillion as of end-June 2026, up from Sh8.7 trillion in September 2022, an increase of Sh4.3 trillion in four years. Debt servicing now consumes nearly three-quarters of government revenue.
Kenya's public and publicly guaranteed debt reached Sh13.011 trillion at the end of June 2026, up from Sh8.7 trillion in September 2022, with debt servicing consuming nearly three-quarters of revenue.
An opinion piece argues that Kenya's creative economy is becoming a core engine of economic growth, with the arts sector strengthened by global shifts toward valuing human creativity and digital skills in the AI age. The author cites the 98th National Kenya Music Festival and notes that Kenya is demonstrating educational synergy between arts and technology, while developed nations still adjust their policies.
Kenya's usable foreign exchange reserves provide about 6.2 months of import cover, well above the four-month minimum recommended level, according to CBK Governor Kamau Thugge. The assurance comes as El Niño-related disruptions to domestic production and the Middle East conflict threaten to increase import demands.
The Central Bank of Kenya has retained the benchmark lending rate at 8.75 per cent for the third consecutive time since February, citing a positive outlook on the country's economic growth.
Kenya Commercial Bank has been barred from interfering with Sh145 billion at the centre of a dispute with Fox-Capital Investment Ltd, which sued the lender for withholding funds wired by a Swiss company for six months without explanation. Commercial Court in Nairobi issued the restraining order pending the hearing of the application.
Kenya's universities are competing at the 98th Kenya National Music Festival in Bungoma County, held from August 7 to 14, showcasing musical excellence, cultural heritage and artistic creativity under the theme "Enhancing the Creative Economy through Knowledge, Skills and Artistic Production for Sustainable Development." Institutions including Kabarak University and Mount Kenya University are performing various musical pieces and competing for the national crown.
The National Music Festival in Bungoma County has showcased talent from both established and little-known schools. Standout performers include Utwiini Primary School from Makueni County, which finished second in its category, along with winners in various competitions including Nzoia Sugar School in Choral Music for Junior Schools and Highlands Junior School in the Swahili Choral Verse category for Junior Schools.
The Court of Appeal has dismissed a long-running dispute involving the Central Bank of Kenya and a company linked to Goldenberg suspected mastermind Kamlesh Pattni, saving taxpayers from a potential payout of more than Sh3.5 billion. The case arose from the sale of the Grand Regency Hotel, which was auctioned to help recover money lost in the 1990s scandal.
Kingdom Bank and the African Women's Entrepreneurship Programme Kenya have launched a partnership to connect women-led SMEs with tailored financial products, business development support and market access through the bank's Faidi Dada women's banking solution. The move addresses data showing women-owned businesses receive only Sh354 for every Sh1,000 extended to male-owned firms.
eSIM providers are exploring Kenya's diaspora market, particularly targeting workers abroad who struggle with expensive roaming charges and connectivity issues. The article notes that slow adoption is hindered by the need for high-end smartphones to support eSIM technology, which many diaspora workers do not possess.
Kenya's government announced plans to commercialise student talents to tap into the global creative economy, aligning educational programmes with national economic priorities. The Basic Education Principal Secretary stated the state aims to turn co-curricular activities into viable economic pathways as part of the Bottom-Up Economic Transformation Agenda.
Kenyan-founded Web3 startups raised $14 million in disclosed funding in 2025, marking the sector's second-highest annual investment total on record, according to a report by venture capital firm Hashed Emergent. Finance-focused ventures accounted for $10 million of the capital raised this year, driven by demand for stablecoin-powered payments, crypto on- and off-ramps, and digital banking solutions.