World Bank Stories
Kenya’s upgraded forecast comes amid signs of recovery in key sectors such as agriculture, services, and construction, as well as improving investor s...
With large debt-service payments looming in early 2026, the current cushion offers the government greater breathing room to plan repayments without pu...
CBK this month lowered the base lending rate to 9.25 per cent from the previous ceiling of 9.5 per cent, marking the eighth consecutive reduction.
The lender notes that the improved transaction timelines will allow businesses to operate more efficiently and respond swiftly to changing market dema...
According to a note seen by Reuters and confirmed by the UN, no fuel or gas will be allowed into Gaza except for specific humanitarian infrastructure...
The appeal comes as many developing nations struggle with high interest rates, currency depreciation, and worsening climate shocks — factors that have...
In its latest edition of Africa’s Pulse report, the lender reckoned that wage jobs and productive employment are scant in the region, as medium-sized...
Asbestos, once a popular building material in the 1970s for its heat and sound resistance, was banned in Kenya in 2006 after it was linked to severe i...
While the IMF’s most recent forecast in July projected global GDP growth at 3.0 per cent for 2025, down from 3.3 per cent in 2024, new projections exp...
The World Bank has recommended that Kenya raise excise taxes on select goods, including alcohol, tobacco and sugary drinks, to generate revenue for se...
Senator Tabitha Mutinda's election is widely seen as recognition of Kenya’s increasing role in shaping discussions on governance, accountability, and...
The final details of the new IMF-funded program are expected to be announced following the conclusion of the talks on Thursday. The recently concluded...
The committee, chaired by Wajir Senator Mohamed Abass, wants the Public Finance Management (National Government) Regulations, 2015, revised to spell o...
Unlike external loans that face strict lender scrutiny, domestic borrowing remains largely unchecked, making it more prone to misuse.
The World Bank cited falling inflation, stabilising currencies and renewed investment in major economies such as Ethiopia, Nigeria and Côte d’Ivoire.
Commercial banks argue that low inflation, a stable exchange rate and strained private sector credit make a strong case for further easing of the Cent...
The latest Stanbic Bank's Purchasing Managers’ Index (PMI), which gauges the level of private sector activities, rose to 51.9 during the month, from 4...
James Ikeny Loyelei (Kanamkemer MCA), the Water, Sanitation, Environment, and Climate Change Committee chair, emphasised the need to strengthen water...
The manager was charged with theft by servant, acquisition and possession of proceeds of crime, use of proceeds of crime, forgery, and uttering false...
According to the Treasury, clearing the earlier debt avoids higher interest costs in the future and spreads repayments over a longer period, providing...
Mobile lending apps lead in most markets, especially Uganda (37 per cent), Ghana (33 per cent), Kenya (30 per cent), Tanzania (27 per cent), and Niger...
The law requires each county to set up a County Assembly Fund, managed by the clerk, to receive and retain all assembly monies. Any withdrawals must b...
Only six institutions: Citibank N.A. Kenya, Absa Bank Kenya, Credit Bank, Standard Chartered Bank Kenya, Stanbic Bank Kenya and Victoria Commercial Ba...
Ecobank Kenya and Guardian Bank charged 12.96 per cent and 13.63 per cent, respectively, still below many other institutions.
According to court documents, Kung'u Muigai is alleged to have linked Justice Lenaola and other senior judges to corruption and further insinuated the...
The World Bank committed to providing electricity access to 250 million people, with the African Development Bank (AfDB) aiming to reach an additional...
While Kenya’s main gateway struggles, other regional ports are recording improvements. Dakar in Senegal has moved from a CPPI of –82 in 2023 to 23 in...
The reform introduces a new layer of oversight over county finances, allowing the budget controller to track cash movements and flag questionable acti...
The inquiry seeks to establish whether the Central Bank of Kenya (CBK) bypassed procurement laws and approved direct sourcing of German firm Giesecke+...
The initiative seeks to address gaps in recourse mechanisms for digital wallets and improve safeguards for users of digital financial services (DFSs).
