(NAIROBI, KENYA) – Kenya has proposed new rules requiring mobile money providers to report cyber theft immediately, as official data shows half of the KES 1.59 billion ($12.3 million / £9.3 million) stolen from banks by hackers in 2024 occurred through mobile banking. Under proposals from the Treasury and CentralContinue Reading
(NAIROBI, KENYA) – Sacco members in Kenya face lower dividend payouts after the regulator directed cooperatives to make additional provisions of approximately KES 7.67 billion ($59.3 million / £44.8 million) for investments held in the insolvent Kenya Union of Savings and Credit Co-operatives (Kuscco). The provisioning, expected during the currentContinue Reading
(NAIROBI, KENYA) – Kenya’s export earnings from the United States overtook those from Uganda in the five months to July 2026, following the restoration of preferential market access under the African Growth and Opportunity Act. Domestic exports to the US, including apparel and coffee, rose to KES 63.59 billion ($490Continue Reading
(JUBA/NAIROBI) – South Sudan’s President Salva Kiir Mayardit travelled to Kenya on Sunday for a series of political and economic engagements, according to his Press Secretary. Speaking to the state-owned South Sudan Broadcasting Corporation (SSBC), Press Secretary Arek Ajou Deng said President Kiir is expected to hold bilateral talks withContinue Reading
(NAIROBI, KENYA) – A young Kenyan couple stunned onlookers in Nairobi’s Central Business District this month after choosing the busy city streets as the venue for their wedding, an unusual public ceremony that reflects a growing shift among Kenya’s younger generation away from costly traditional celebrations. The couple, identified onlyContinue Reading
(NAIROBI, KENYA) – French oil multinational Rubis has become the largest seller of jet fuel in Kenya, capturing a 33.6% market share in the year to June 2026, according to data from the Energy and Petroleum Regulatory Authority released in October 2026. The market share held by the multinational throughContinue Reading
(LAMU, KENYA) – A planned KES 2.2 trillion ($17 billion / GBP 13 billion) oil refinery in Lamu is emerging as a potential turning point for Kenya’s shipping and maritime economy, with the investment expected to drive vessel traffic, petroleum logistics, port services and demand for specialised maritime and industrialContinue Reading
(NAIROBI, KENYA) – Nairobi has been named one of Africa’s five cities to watch in the Oxford Economics Global Cities Index 2026, alongside Accra, Cairo, Dakar and Luanda. The selection places Nairobi among a group of African cities expected to play an increasingly important role in the continent’s economic growthContinue Reading
(NAIROBI, KENYA) – Airtel Money has signalled a mobile money price war with Safaricom’s M-Pesa in Kenya, as its parent firm disclosed plans to expand market share in a market where high penetration limits room for organic growth. Kenya’s mobile money segment has for years been dominated by Safaricom’s M-Pesa,Continue Reading
(NAIROBI, KENYA) – Kenya’s planned 243-kilometre Mau Summit-Malaba dual carriageway has cleared an initial viability test, with consultants finding that the proposed toll road can be built within the existing corridor. The outcome paves the way for a more detailed feasibility study that will set the project’s final cost, trafficContinue Reading
