The suspension comes as the Treasury works on transitioning the scheme to a new public-private venture, the Kenya Credit Guarantee Scheme Company (KCG...

Since the outbreak of the war, when RSF soldiers looted dozens of banks and blocked farming, the army-aligned government has struggled to pay salaries...

The survey, published in December 2024, found that nearly half of insurance customers (44.1 per cent) skipped premium payments.

In particular, Kisii County has Sh3.46 billion sitting unused in its CRF account, with only about Sh6.8 million in its development fund.

As Kenya moves to 2025, the recovery of the shilling remains a key indicator of the country's economic health.

China received more in debt payments than multilateral lenders, including the World Bank and the African Development Bank.

The Institute of Economic Affairs growth will remain moderate and uneven in the coming year unless significant structural reforms are implemented.

The global lender attributes the smaller import share of the essential commodities to high duties and taxes that consequently increase their cost.

The hotel will feature 321 luxury accommodations, including 261 guest rooms and 60 serviced apartments. Amenities will include a fitness centre, spa,...

Today, about 700 million people or 8.5 per cent of the global population, live in extreme poverty on less than $2.15 (Sh280) a day.

The authors suggest that based on the DSA, Ethiopia is facing a short-term liquidity crunch, and not a long-term solvency issue, a point of contention...

With international cooperation and a commitment to reforms, Somalia is poised to rebuild its economy and improve the lives of its citizens.

So far this year, the months of January, August, September and October recorded the highest dollar inflow from diaspora remittances.

The CBK has supported this shift by granting approvals to Safaricom, Telkom Kenya, and Airtel Kenya to raise daily transaction and account limits.

Kenya’s debt service costs on external debt more than doubled in 2023, rising from Sh403 billion to Sh839 billion. This sharp increase was attributed...

Plans to liberalise the country's financial market began in June 2023 when Ethiopia unveiled plans to issue up to five banking licenses to foreign inv...

Governance experts are concerned that the borrowing, combined with the delays, could lead to serious financial strains on the county governments.

The World Bank warned that such practices could erode public trust and stoke protests.

The report emphasised the urgency of accelerating structural reforms, particularly in light of Kenya’s fiscal constraints.

Kenya has managed to stabilise its foreign exchange rate, boost hard currency reserves held by the Central Bank and lower inflation this year.