Economy Stories

Kindiki welcomes CBK lending rate cut, says economy on recovery path
Bashir Mbuthia  |  Aug 25, 2025

Kindiki said it showed that the country is beginning to overcome a decade of high interest rates that had weakened household incomes, slowed down priv...

Lobby group accuses DPP of shielding graft suspects, warns economy is on brink
Carolyne Kubwa  |  Aug 25, 2025

The Justice and Equity Council (UK chapter), through its chairman Sebastian Onyango, criticised the government’s recent move to form a multi-agency te...

TICAD9 summit ends with ambitious pledges to drive Africa’s transformation
Alfred Onyango  |  Aug 23, 2025

They jointly produced a comprehensive declaration focused on economic resilience, digital transformation, peacebuilding, and sustainable development.

Kenya’s credit rating upgraded to ‘B’ as investor confidence grows
Alfred Onyango  |  Aug 23, 2025

The new rating comes with a stable outlook, indicating growing confidence in Kenya’s ability to meet its debt obligations amid better access to intern...

Kenya, US agree to initiate plans on new trade deal as AGOA winds down in September
Alfred Onyango  |  Aug 22, 2025

It follows the high-level meeting held in Washington, DC this week, where Cabinet Secretary for Investments, Trade and Industry, Lee Kinyanjui, led a...

Garissa residents demand stricter regulations on hazardous substances in oil exploration
Issa Hussein  |  Aug 22, 2025

The residents expressed concerns over the use of hazardous substances and waste dumping by companies that undertook previous oil exploration missions...

Kenyan households struggle as fewer can afford basic needs, survey reveals
Alfred Onyango  |  Aug 17, 2025

This marks a significant 10 per cent drop compared to the previous year, underscoring the deepening impact of economic pressures such as inflation, hi...

Ghana holds state funeral for helicopter crash victims
XINHUA  |  Aug 16, 2025

Ghanaian President John Dramani Mahama said at the funeral that the accident is a disaster that has cast a shadow over the heart of Ghana, bringing a...

Joho orders probe into alleged dumping of dredged waste in Old Town's fishing grounds
Farhiya Hussein  |  Aug 14, 2025

The probe follows accusations by Old Town fisherfolk that the Kenya Ports Authority (KPA) deposited dredged sand, silt, clay, gravel, and debris onto...

Rwanda gears up to host historic 2025 UCI Road World Championships in Africa
Bashir Mbuthia  |  Aug 13, 2025

All schools within Kigali will be closed during the championship week, while public servants have been encouraged to work remotely.

CBK cuts lending rate to 9.5 per cent in seventh straight easing move
Alfred Onyango  |  Aug 13, 2025

This marks the seventh consecutive rate cut from the historic peak of 13.0 per cent, as the regulator reaffirms its commitment to boosting economic ac...

Museveni in Egypt for high-stakes meeting with El-Sisi amid rising Nile tensions
Mwangi Maina  |  Aug 12, 2025

The visit follows weeks of diplomatic courtship, including direct phone calls and formal exchanges, and comes at a time when both countries are recali...

Kenyan shilling holds steady at 129 against the dollar for a year
Alfred Onyango  |  Aug 09, 2025

The local currency began its recovery in early February last year, after plummeting to a historic low of 160 against the greenback.

Blow to content creators as court declines to suspend ban on online alcohol ads
Maureen Kinyanjui  |  Aug 07, 2025

The case was filed by content creators Fidel Shammah Omusula and Brian Muthengi Kimanzi, who argued the policy was introduced without consulting stake...

Goods moved within EAC are transfers, not imports or exports - KAM
Rachael Mutabasi  |  Aug 03, 2025

KAM CEO cautioned that the imposition of additional duties on goods by any EAC member state violates Article 10 and Article 15 of the Customs Union Pr...

Foreign Investments offer minimal impact to Kenya’s industrialisation, study shows
Alfred Onyango  |  Aug 02, 2025

The report recommends urgent policy reforms to make brownfield investment more attractive and sustainable in this sector, which has the potential to d...

The African activists who challenged colonial-era slavery in Lagos and the Gold Coast
The Conversation  |  Aug 02, 2025

Many African abolitionists who fought and lost their lives in the struggle against slavery have long gone unacknowledged. This is beginning to change.

Kenya's inflation climbs to 4.1 per cent amid fluctuating food prices, fuel costs
Alfred Onyango  |  Aug 01, 2025

Data by the Kenya National Bureau of Statistics (KNBS) shows the increase was mainly driven by rise in prices of commodities in the three key categori...

Kagame explains inspiration behind Kigali’s sports city
The New Times  |  Jul 30, 2025

Built by former NBA player and Giants of Africa founder Masai Ujiri, the complex includes sports courts, an 80-room hotel, retail and co-working space...

Tanzania bans non-citizens from 15 key business activities to boost local participation
Lucy Mumbi  |  Jul 29, 2025

Under the order, licensing authorities are prohibited from issuing or renewing business licences for non-citizens wishing to operate in any of the lis...

Kagame lauds Dangote’s push for African-led development
The New Times  |  Jul 29, 2025

The launch of Zaria Court was part of the Giants of Africa Festival, a week-long event running through August 2, dedicated to empowering African youth...

DRC opens 124 million hectares to oil exploration, risking endangered species and rainforests
Bashir Mbuthia  |  Jul 29, 2025

The new drilling plans could also affect around 39 million people living in the targeted areas, including indigenous communities, threatening their la...

Kenya’s economic recovery in limbo as fiscal, debt pressures persist - Moody’s
Alfred Onyango  |  Jul 26, 2025

Moody’s however warns that heavy reliance on domestic financing will keep debt affordability weak on rising rates despite improved domestic market con...

Boost for communities as Kwale unveils marine hatchery, seaweed centre
Farhiya Hussein  |  Jul 24, 2025

The marine hatchery is expected to boost aquaculture by supplying fingerlings and other aquatic species, while the Kibuyuni facility will enable local...

Ghana’s security strategy has kept terror attacks at bay: What other countries can learn from its approach
The Conversation  |  Jul 23, 2025

This resilience is not accidental. It is the result of deliberate counter-terrorism strategies employed by Ghana’s security institutions.

Details of newly launched Kenya Digital Token which seeks to bring millions into digital economy
Margaret Wanjiru  |  Jul 22, 2025

Although privately developed, the token is closely aligned with the government’s digital strategy and bottom-up economic transformation agenda.

Ethiopia snubs joining East African Community, cites economic imbalance and readiness gaps
Mwangi Maina  |  Jul 21, 2025

The key sticking points include the bloc's customs revenue-sharing mechanisms and its protocols on the free movement of goods and labour, the principl...

Kenya’s economy stable under Ruto, says Treasury CS Mbadi in response to Gachagua's claims
Lucy Mumbi  |  Jul 20, 2025

Mbadi, who took over as Treasury boss in August 2024 following the dismissal of several Cabinet Secretaries in the wake of the Finance Bill protests,...

Emerging businesses in Kenya faced toughest years in 2024 and 2025, experts say
Alfred Onyango  |  Jul 20, 2025

Eric Kimani, a business commentator and Executive Director of Palmhouse Dairies Limited, noted that the environment for young businesses is currently...

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