Economy
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Sanlam Allianz Completes Amalgamation of General Insurance Businesses in Kenya
Sanlam Allianz Holdings (Kenya) PLC has announced the completion of the amalgamation of the general insurance businesses of Sanlam General Insurance Limited and Sanlam Allianz General Insurance (Kenya) Limited. The consolidation follows regulatory approval from the Insurance Regulatory Authority (IRA) and the fulfilment of all other required corporate processes, culminating in the formal completion of…
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Men Dominate Mobile Money as Women Lag
Kenyan men continue to control most mobile money transactions, exposing a stubborn gender gap despite rising financial inclusion, according to the latest Central Bank of Kenya (CBK) report. In 2024, men accounted for 61 percent of all mobile money transactions across leading platforms including M-Pesa, Airtel Money and T-Kash, leaving women with just 39 percent…
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Siaya County Explores Microbial Technology to Boost Crop Yields and Cut Costs
Siaya County is moving to strengthen food and nutrition security for vulnerable households through strategic agricultural partnerships. The County’s Department of Agriculture has engaged with Academies Of Knowledge-Incubation For A Better Africa, known as AKIBA, to explore innovations aimed at improving crop production while reducing input costs. The discussions focus on adopting SUMA GROW’s microbial…
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Acorn Secures CMA Nod to Launch Build-to-Rent D-REIT Backed by Sh2.2bn Investment
The Capital Markets Authority (CMA) has approved Acorn Holding Limited’s plan to establish a Build-to-Rent Development Real Estate Investment Trust (D-REIT), a move expected to accelerate the growth of affordable rental housing for Kenya’s young urban population. The new fund, known as the Acorn Build-to-Rent D-REIT (ABTR D-REIT), will allow investors to take part in…
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Relief for Land Owners as Cabinet Waives Interest on Settlement Loans
Thousands of landowners across Kenya can finally breathe easier after the Cabinet approved a plan to waive interest and penalties on long-standing land settlement loans. The decision, made during a Cabinet meeting chaired by President William Ruto at State House, targets borrowers under the Land Settlement Fund Board of Trustees who have struggled for years…
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Kenya’s Rising Cyber Threats: Why Securing the Digital Economy Is Now an Urgent Priority
Kenya’s digital economy is growing rapidly, but so are the threats that come with it. In recent years, the country has witnessed a surge in cyberattacks targeting both government institutions and private businesses. These incidents range from Distributed Denial of Service (DDoS) attacks to malware campaigns that disrupt essential systems and expose sensitive data. According…
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South Africa Sets New 3 Percent Inflation Target to Bolster Economic Stability
South Africa has introduced a new inflation target of 3 percent with a 1 percentage point tolerance band, marking a significant shift in the country’s monetary policy framework aimed at reinforcing price stability and long-term economic growth. The Minister of Finance announced the new target on Wednesday following an agreement with the Governor of the…
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Kenya Switches China Railway Loans to Yuan, Saving Billions Yearly
Kenya has successfully converted its railway loans from China into Yuan, a move the government says will save the country about Sh27.7 billion annually in debt servicing costs. Treasury Secretary John Mbadi announced the development, saying the conversion is part of the government’s broader strategy to manage currency risks and reduce the cost of external…
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Why Akash Patel Believes Manufacturing Will Save Kenya
Manufacturing is one of the key sectors that has the potential to propel Kenya’s economy to new heights. However, the sector has long struggled with challenges such as poor policy reforms and a punitive tax regime. Currently, manufacturing contributes only 7.6 percent to the country’s Gross Domestic Product (GDP), yet research shows that a one…
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IMF Mission Lands in Nairobi as Gov’t Seeks Fresh Bailout Talks
Kenya is bracing for two weeks of delicate negotiations with the International Monetary Fund (IMF), as the government pushes for a new program to steady its shaky finances and restore investor confidence. An IMF staff team, led by mission chief Haimanot Teferra, arrived in Nairobi on September 25 and will hold discussions with Kenyan authorities…
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Liberty Kenya Holdings Appoints Richard Etemesi as New Chairman
Liberty Kenya Holdings PLC has announced a major leadership transition with the retirement of its long serving chairman, Phillip Odera, effective September 7, 2025. The company made the announcement through a public notice on Tuesday, confirming that Mr Odera will step down from both his role as a director and chairman of the board. READ…
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KNCCI, KPDA Sign MoU to Unlock Affordable Housing Agenda
The Kenya National Chamber of Commerce and Industry (KNCCI) and the Kenya Property Developers Association (KPDA) have signed a Memorandum of Understanding (MoU) to strengthen private sector involvement in the Affordable Housing Program (AHP). According to KNCCI , Housing prices have increased by 100 percent since 2004, with 22 percent of Kenyans residing in urban…
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Kenya Mulls Repaying Chinese Loan in Yuan. Here’s Why
Kenya is negotiating with China to convert dollar-denominated loans into Yuan and extend repayment periods in a move aimed at cutting its $1 billion (Sh129 billion) annual debt service costs, Treasury Secretary John Mbadi has said. The talks, focused on financing for the $5 billion (Sh645 billion) Standard Gauge Railway (SGR), are intended to create…
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Tanzania’s Business Ban Could Hurt Regional Economy – Trade CS Warns
Hundreds of Kenyan traders face an uncertain future after Tanzania instituted a ban barring foreign nationals from operating small-scale businesses, in a move aimed at protecting local businesses. The directive has sparked concern over its potential impact on regional trade and diplomatic relations. Announced on July 28 by Tanzania’s Industry and Trade Minister, Selemani Jafo,…
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Canal+ Set To Acquire MultiChoice in a Landmark $ 3B Deal
French media powerhouse Canal+ has received regulatory approval to acquire South African broadcasting giant MultiChoice in a landmark $3 billion ( Sh 390 billion) deal, setting the stage for a major shake-up in Africa’s media landscape. The decision by South Africa’s Competition Tribunal, announced on Wednesday, July 23, paves the way for Canal+ to become…
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Union Raises Alarm Over Telkom Kenya Crisis as Investor Deal Stalls
Telkom Kenya employees are growing increasingly frustrated over prolonged delays in securing a strategic investor, a situation they say has pushed the state-owned telecom company into a deepening crisis. Since 2020, the government has struggled to bring in a new investor to revive the struggling telco, with repeated promises failing to materialize. The Communication Workers…
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CBK Extends KEPSS Hours to Boost Efficiency in Digital Payments
The Central Bank of Kenya (CBK) has announced a significant extension of operating hours for the Kenya Electronic Payment and Settlement System (KEPSS), its national Real Time Gross Settlement (RTGS) system, a move set to enhance the efficiency of financial transactions across the country starting July 1, 2025. READ CBK Lowers CBR Citing Currency Stability,…
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Access Bank Completes Takeover of Standard Chartered
Access Bank Plc has officially completed its acquisition of Standard Chartered Bank Gambia, ending the British lender’s 130-year presence in the country. READ NCBA Partners With Crown Motors to Ease Purchase of Nissan Navara The transition was approved by the Central Bank of Gambia on Friday, June 13, 2025. It involved a complete transfer of…
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