climate finance Stories

Africa Climate Summit 2025: Addis Ababa faces pressure to deliver on Nairobi Declaration pledges
Mwangi Maina  |  Aug 27, 2025

As leaders gear up for the second Africa Climate Summit in Addis Ababa this September, the gap between bold rhetoric and real delivery remains glaring...

Shocking audit reveals weak oversight in Kenya’s Sh2.5 billion donor-funded projects
Lucy Mumbi  |  Aug 19, 2025

Key initiatives in energy, transport, and health were among those flagged for weak documentation, raising concerns about potential mismanagement and e...

Kenya launches Islamic finance association to unlock growth in Sharia-compliant banking
Alfred Onyango  |  Aug 19, 2025

Spearheaded by Absa Bank, the new umbrella body seeks to close regulatory and operational gaps that have long slowed the sector’s growth.

Treasury reports fastest tax growth in two years amid July protests
Maureen Kinyanjui  |  Aug 19, 2025

On July 7, Nairobi’s Central Business District was effectively closed as police blocked major roads to prevent thousands of youth from gathering for t...

Somalia launches Danabeysan digital signature system to streamline government payments
Abdirahman Khalif  |  Aug 17, 2025

Experts noted that the system will streamline workflows by reducing duplication, directly linking authorisation to record-keeping, and strengthening i...

Ruto assents to new Bills strengthening county revenue and public finance management
Maureen Kinyanjui  |  Aug 13, 2025

Ruto assented to the County Allocation of Revenue Bill, 2025, and the County Public Finance Laws (Amendment) Bill, 2023, on Wednesday at the Homa Bay...

EACC: Nine governors under investigation for using staff to funnel stolen county funds
Lucy Mumbi  |  Aug 12, 2025

EACC chairperson Dr David Oginde revealed that the leaders, particularly in marginalised regions, are diverting money meant for development to invest...

Counties face stricter budget rules under new Bill
Rachael Mutabasi  |  Aug 01, 2025

Sponsored through the Senate, the Bill seeks to amend various county public finance laws to align them with the national framework established under t...

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,...

Speaker Moses Wetang’ula calls for urgent protest law reform to end chaos
Maureen Kinyanjui  |  Jul 19, 2025

Moses Wetang’ula called on Majority Leader Kimani Ichung’wah and fellow lawmakers to lead a fresh legislative review, 15 years after the 2010 Constitu...

That’s not me – police officer accused of shooting Rex Masai claims mistaken identity
Maureen Kinyanjui  |  Jul 17, 2025

Murangiri testified that on the day of the protest, he had been deployed at the main entrance of the Kenyatta International Convention Centre (KICC) a...

Ethiopia moves to ditch US dollar in trade as BRICS-led de-dollarisation gains momentum
Mwangi Maina  |  Jul 15, 2025

Amid BRICS expansion and rising multipolar interests in Africa, Ethiopia’s strategy could signal the beginning of a regional shift in monetary policy,...

Parliament's delay in enforcing audit reports threatens public funds, Auditor-General Gathungu warns
Lucy Mumbi  |  Jul 13, 2025

Gathungu is advocating for amendments to the Public Finance Management (PFM) Act to introduce penalties, arguing that such measures would promote fisc...

Increased digital finance adoption falls short of household resilience goals – report
Alfred Onyango  |  Jul 12, 2025

The current strategies and approaches used in promoting digital finance with a focus on savings are being shadowed by gaps in the borrowing space, sig...

Somalia Minister Bihi Iman Igeh named African Finance Minister of the Year 2025 at ALM Africa Summit
Abdirahman Khalif  |  Jul 10, 2025

The award recognises his leadership in advancing Somalia’s financial reforms and managing the country’s debt relief process.

High Court petition filed to halt Ruto's Finance Act, citing economic hardship
Carolyne Kubwa  |  Jul 10, 2025

In a petition filed under urgency, Godfrey Musania wants a conservatory order stating that the finance law, which President William Ruto signed on Jun...

Kenya enforces mandatory certificate of origin for all imports under new 2025 tax law
Lucy Mumbi  |  Jul 09, 2025

KRA said the new requirement is part of stricter enforcement measures under the Finance Act, 2025, warning that non-compliance will result in goods be...

Central Bank of Kenya invites Kenyans to review total cost of credit website
Bashir Mbuthia  |  Jul 07, 2025

The survey, which runs until July 15, 2025, seeks input from customers of commercial banks, mortgage finance institutions, microfinance banks and the...

New law lets KRA pursue digital, rental and employment taxes from non-residents
Lucy Mumbi  |  Jul 07, 2025

The new provisions empower KRA to pursue taxes from persons who are not based in Kenya but earn income subject to taxation under Kenyan law, including...

Nairobi unveils bold compliance, digitisation drive to fund Sh44.6 billion budget without raising taxes
Lucy Mumbi  |  Jul 06, 2025

The county expects these measures to generate billions in revenue by unlocking dormant property value, enforcing timely payments, and broadening the t...

Kenya seals Sh258 billion de-risking deal, healthcare, infrastructure MoUs at UK investment forum
Alfred Onyango  |  Jul 02, 2025

Nairobi International Financial Centre Authority (NIFCA), operating under the National Treasury and led by CEO Daniel Mainda, spearheaded the signing...

Over 1,000 national ID cards destroyed in fire during protests in Ol Kalou
Rachael Mutabasi  |  Jun 28, 2025

According to the Principal Secretary for Immigration and Citizen Services, Belio Kipsang, the attack led to the loss of not only uncollected ID cards...

MPs slam Nairobi transport authority over Sh1.8 billion budget breach, audit failures
Maureen Kinyanjui  |  Jun 28, 2025

MPs warned that the Authority’s under-expenditure had undermined its ability to provide effective services.

Businesses reeling: Nairobi faces massive losses after June 25 memorial unrest
Barack Oduor  |  Jun 27, 2025

Along Moi Avenue and Loita Street, massive flower vases that the city management had used to beautify the city were either broken or turned upside dow...

Construction industry braces for higher costs as new taxes kick in
Maureen Kinyanjui  |  Jun 27, 2025

The new levies are part of the government’s broader plan to reduce dependence on imports and boost local production capacity in the steel and housing...

Mudavadi defends state’s handling of June 25 protests, slams foreign envoys ‘for overreach’
Lucy Mumbi  |  Jun 26, 2025

Mudavadi praised the security forces for what he called “professionalism and restraint” amid extreme provocation, warning that the country cannot tole...

16 killed in June 25 memorial protests, most by police – Amnesty International
Bashir Mbuthia  |  Jun 26, 2025

The demonstrations marked the anniversary of last year's deadly protests over the contentious Finance Bill 2024, which saw more than 60 people killed...

New tax rules, spending plan take effect after Ruto assents to three key Bills
Maureen Kinyanjui  |  Jun 26, 2025

The new laws aim to raise revenue through expanded tax bases and support critical sectors such as agriculture, health, education, and infrastructure i...

Eight killed, 400 injured in protest anniversary as rights groups decry police brutality, media gag
Lucy Mumbi  |  Jun 25, 2025

The Kenya National Commission on Human Rights said the fatalities were reported in six counties and resulted from gunshot wounds inflicted during clas...

Kenya hits back at foreign envoys over call to protect civic freedoms during June 25 protests
Lucy Mumbi  |  Jun 24, 2025

Envoys from 12 countries issued a joint statement calling on President William Ruto’s administration to respect citizens’ right to peaceful protest an...

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