African Development Bank Stories
Set for completion in 2029, the airport will be the largest in Africa and is designed to handle up to 100 million passengers annually.
Financial institutions are updating their contracts and improving monitoring systems to protect themselves from growing risks related to external serv...
The proposed rules address key areas such as transparency in loan agreements, responsible use of customer data, effective complaint resolution, and fa...
According to data published by the Central Bank of Kenya (CBK), the average overall lending rate across 38 commercial banks dropped slightly to 15.78...
The road, once complete, is expected to play a major role in connecting remote parts of Northern Kenya to national and regional markets.
Conditional recognition subject to action by Israel – a third state – represents an unwelcome and arguably dangerous departure from international prac...
While reaffirming their condemnation of Hamas' October 7, 2023, attack on Israel, the ambassadors said the scale and persistence of Israel's response...
Johnson visited a Jewish settlement in the West Bank on Monday. Israeli officials told US media outlet Axios that his visit was "private."
The Palestine Red Crescent Society said its facility is “well known” to the Israeli military and “clearly marked with the protective red emblem”, and...
Auditor General Nancy Gathungu, in her audit report for the financial year ending June 2024, disclosed that the authority, tasked with overseeing the...
The MP emphasised the crucial role that financial institutions play in unlocking economic potential in marginalised areas, stating that they help fost...
Reports indicate that over 200 people have been injured and more than 1,200 arrested during the demonstrations, which were marked by widespread vandal...
This move comes amid rising concerns over the use of artificial intelligence, cloud computing, and the surge in mobile money fraud, which have exposed...
The proposed law seeks to amend the Central Bank Act by making it mandatory for businesses to accept cash for goods and services, and prohibits additi...
As a result, Kumar will continue to face charges of orchestrating a complex fraud scheme that allegedly defrauded Prime Bank Limited of Sh706,989,273.
AfDB has intensified efforts in recent years to drive growth and infrastructure development across the African continent.
CBK Governor Dr Kamau Thugge said the reforms will curb this form of abuse by tying approved requisitions to actual payments, thereby blocking discret...
The growth is largely attributed to the widespread adoption of mobile money platforms, which continue to reshape the country’s financial landscape.
The loan, part of the World Bank’s Development Policy Operations (DPO) facility, was expected this month but now hangs in the balance over unmet refor...
On Wednesday, Amnesty International accused Israel of deliberately using starvation as a weapon of war—an act the organisation says amounts to both a...
Wetang’ula directed that the nomination, along with Angasa’s CV and supporting documents, be submitted to the National Assembly Departmental Committee...
Auditor General Nancy Gathungu said the corporation had not put in place effective measures to ensure full revenue collection on its commuter service...
In its report titled "Transport Connectivity for Food Security in Africa", the World Bank notes that although food production has increased over the y...
The tender, which had been initially announced on July 15, has raised concerns over the future of the multi-billion shilling project that sought to ea...
Thirteen of the 14 suspects are currently in detention as court proceedings continue, while authorities are still searching for the one who remains at...
According to the World Bank, the funds will go through existing government systems, particularly the National Safety Net Program, to provide structure...
According to the AfDB, women in Kenya face a significant financing gap that hinders their ability to fully participate in and benefit from the renewab...
While county leaders have raised concerns over losing financial independence, senators proposed a hybrid system, where the Treasury can monitor balanc...
Fuel subsidies previously helped keep prices in check, preventing increases of up to Sh9 per litre for diesel, Sh7 for petrol, and Sh8 for kerosene. B...
Dubbed the ‘Youth, Jobs and Skills Marker System, the scheme is designed to embed youth employment, entrepreneurship, and market-relevant training wit...
