Nairobi, Kenya – As East Africa braces for an economic showdown, Kenya has joined Uganda, Rwanda, and Tanzania in presenting competing budget blueprints for the 2025/26 fiscal year, collectively allocating over $58 billion to reshape the region’s economic landscape. With growth projections diverging and taxation strategies clashing, these budgets reveal how each nation plans to…
Nairobi, Kenya – World Bank report has cited that systemic governance failures – not just technical or market factors – are the primary driver behind Kenya’s persistently high electricity costs, which remain 42% above the African average despite the country’s abundant renewable energy resources. The findings come as Kenyan households and businesses grapple with power…
Central Bank of Kenya (CBK) prepares to unveil a new loan pricing model in April 2025. This highly anticipated move comes amid growing concerns about high borrowing costs and lack of transparency in how banks determine interest rates. But what exactly will this new model entail, and how will it affect millions of Kenyan borrowers?…
Nairobi Kenya: The Nairobi Securities Exchange (NSE) has set an ambitious target to bring in 9 million retail investors over the next five years. The plan, launched in early 2024, seeks to revive activity in the stock market by making investments more accessible to ordinary Kenyans and the diaspora. Currently, out of the 1.5 million…
Nairobi Kenya: A total of 23 commercial banks in Kenya have lowered their lending rates following successive interest rate cuts by the Central Bank of Kenya (CBK). The move is expected to make borrowing more affordable and stimulate economic activity across various sectors. According to data released in December, the average lending rate declined to…
