35 h. ago Kenya wants a funded IMF programme, central bank governor says

Kenya wants a funded IMF programme, central bank governor says  Reuters

Politics

44 h. ago The Central Bank of Kenya (CBK) has cut its benchmark rate for the seventh straight time down to 9.5% from a 12

The Central Bank of Kenya (CBK) has cut its benchmark rate for the seventh straight time down to 9.5% from a 12-year high of 13% in early 2024 signaling aggressive easing to revive sluggish private-sector lending. But banks aren’t playing ball: despite the C  LinkedIn

Politics

53 h. ago Kenya’s Central Bank cuts benchmark rate to 9.50% in seventh consecutive reduction

Kenya’s Central Bank cuts benchmark rate to 9.50% in seventh consecutive reduction  african markets

Politics

55 h. ago Kenya central bank cuts rates for seventh time with inflation in target

Kenya central bank cuts rates for seventh time with inflation in target  Reuters

Economics

67 h. ago CS Chirchir Pushes for ‘User Pay’ Road Charges to Fund Major Highway Projects

The government has urged Parliament to approve a fresh proposal that seeks to introduce a national tolling policy to fund road development through a “user pay charges” strategy. The authorities argue that the move is needed to address budget deficits and offer a long-term means of funding the infrastructure. Transport Cabinet Secretary Davis Chirchir told the National Assembly’s Departmental Committee on Transport and Infrastructure that when approved, the plan will prioritise major highways for tolling, remit revenue realized to road upkeep, and hold high levels of accountability in managing funds. He said the policy aims to maximise revenue from toll The post CS Chirchir Pushes for ‘User Pay’ Road Charges to Fund Major Highway Projects appeared first on Nairobi Wire.

Politics

3 d. ago Kenya’s central bank enforces lending and capital rules as 11 banks face penalties

Kenya’s central bank enforces lending and capital rules as 11 banks face penalties  Techpoint Africa

Politics

3 d. ago Kenya’s Central Bank fines 11 banks for lending, capital and governance breaches

Kenya’s Central Bank fines 11 banks for lending, capital and governance breaches  TechCabal

Politics

3 d. ago 𝟖,𝟎𝟎𝟎 𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭𝐬 𝐨𝐟 𝐍𝐠𝐚𝐚𝐤𝐚𝐚–𝐓𝐰𝐚𝐚𝐧𝐝𝐮, 𝐌𝐚𝐤𝐢𝐧𝐝𝐮 𝐖𝐚𝐫𝐝, 𝐰𝐢𝐥𝐥 𝐬𝐨𝐨𝐧 𝐚𝐜𝐜𝐞𝐬𝐬 𝐚𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐡𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐭𝐡𝐞 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐨𝐟 𝐚 𝐦𝐨𝐝𝐞𝐫𝐧 𝐋𝐞𝐯𝐞𝐥 𝟑 𝐡𝐨𝐬𝐩𝐢𝐭𝐚𝐥. Funded by World Vision Kenya and Mountain

𝟖,𝟎𝟎𝟎 𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭𝐬 𝐨𝐟 𝐍𝐠𝐚𝐚𝐤𝐚𝐚–𝐓𝐰𝐚𝐚𝐧𝐝𝐮, 𝐌𝐚𝐤𝐢𝐧𝐝𝐮 𝐖𝐚𝐫𝐝, 𝐰𝐢𝐥𝐥 𝐬𝐨𝐨𝐧 𝐚𝐜𝐜𝐞𝐬𝐬 𝐚𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐡𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐭𝐡𝐞 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐨𝐟 𝐚 𝐦𝐨𝐝𝐞𝐫𝐧 𝐋𝐞𝐯𝐞𝐥 𝟑 𝐡𝐨𝐬𝐩𝐢𝐭𝐚𝐥. Funded by World Vision Kenya and Mountain  Facebook

Politics

7 d. ago Ruto Slams ‘Merchants of Doom’ Demanding Hustler Fund Shutdown

President William Ruto has dismissed calls by the Kenya Human Rights Commission (KHRC) to disband the Hustler Fund, defending it as a successful initiative. Speaking during a Presidential Private Sector Roundtable in Nairobi, Ruto praised the fund’s impact since its launch in November 2022, emphasizing the significant amount of money disbursed over the past three years. “Our critics – the naysayers, the perpetual pessimists, the chorus that never sees anything working in Kenya would have you believe that the Hustler Fund is a total failure,” the President said. His remarks came in response to a recent KHRC report titled Failing The post Ruto Slams ‘Merchants of Doom’ Demanding Hustler Fund Shutdown appeared first on Nairobi Wire.

Events

7 d. ago Govt to Sell KPC Shares as CS Mbadi Eyes Ksh100 Billion Privatisation Windfall

The National Treasury aims to collect around Ksh100 billion from the sale of Kenya Pipeline Company (KPC) shares through an Initial Public Offering (IPO) at the Nairobi Securities Exchange. The proceeds will help fund key development projects and reduce Kenya’s reliance on borrowing. A Sessional Paper tabled in Parliament on May 5, 2025, outlines the proposed KPC privatisation, which the Treasury says is critical to financing the 2025/26 national budget. Treasury Cabinet Secretary John Mbadi told MPs the IPO will support public service delivery, infrastructure development, and long-term economic goals. He noted that the proposed privatisation balances economic empowerment, national The post Govt to Sell KPC Shares as CS Mbadi Eyes Ksh100 Billion Privatisation Windfall appeared first on Nairobi Wire.

Politics

8 d. ago ‘Who Defends the 9M Hustlers?’ Govt Rebukes KHRC’s Call to Scrap Hustler Fund

The Ministry of Cooperatives and MSMEs Development has rejected a report by the Kenya Human Rights Commission (KHRC) that calls for the scrapping of the Hustler Fund. In a statement issued on Monday, August 4, Cabinet Secretary Wycliffe Oparanya dismissed the report as misleading, lacking professionalism, and driven by political bias. “Our attention has been drawn to a report widely published by the Kenya Human Rights Commission claiming the failure of the Hustler Fund, drawing conclusions that are politically veiled. The title of the report explicitly betrays the whole purpose of the study,” the statement read. Oparanya defended the fund’s The post ‘Who Defends the 9M Hustlers?’ Govt Rebukes KHRC’s Call to Scrap Hustler Fund appeared first on Nairobi Wire.

Politics

9 d. ago Kenya Kwanza MPs defend Hustler Fund, dismiss KHRC report as propaganda

Kenya Kwanza MPs defend Hustler Fund, dismiss KHRC report as propaganda  Citizen Digital

Politics

9 d. ago National Research Fund roots for technology in addressing food security

NAKURU, Kenya, Aug 5 – The National Research Fund (NRF) has maintained the importance of science and technology development in ensuring food security and dealing with climate change. NRF Chief Executive Officer, Dickson Andala said research and evidence based solutions would also play a vital role in job creation, help in dealing with environmental degradation […]

Events

9 d. ago Hustler Fund riddled with flaws, says Kenya Human Rights Commission

Hustler Fund riddled with flaws, says Kenya Human Rights Commission  Daily Nation

Events

1 week ago Classrooms in crisis: Evolution of Kenya’s education funding gap

Classrooms in crisis: Evolution of Kenya’s education funding gap  Daily Nation

Events

2 w. ago Getting Money from Abroad? The Government Wants All the Details

In a landmark step to better understand how remittances shape the country’s economy, the government has launched the country’s first-ever Remittances Household Survey (RHS). The initiative seeks to gather detailed insights into how families receive and use money sent by relatives living abroad. The announcement, published in the official gazette on Tuesday, July 29, 2025, confirmed that the Kenya National Bureau of Statistics (KNBS), together with the Central Bank of Kenya (CBK) and Financial Sector Deepening Kenya (FSD Kenya), is rolling out the nationwide survey. Running from July through September 2025, the survey will focus on households that either receive The post Getting Money from Abroad? The Government Wants All the Details appeared first on Nairobi Wire.

Politics

3 w. ago Education Ministry Replaces NEMIS with KEMIS to Fix Funding Errors

The Ministry of Education is phasing out the flawed National Education Management Information System (NEMIS) and introducing a more reliable platform – Kenya Education Management Information System (KEMIS) – to enhance funding efficiency and real-time tracking in the education sector. Basic Education Principal Secretary Julius Bitok made the announcement during the launch of the State of Education in Kenya report by Usawa Agenda and Zizi Afrique Foundation. He explained that KEMIS will transform how education data is collected, verified, and applied in policy and planning at every level. “NEMIS is shrouded with inaccuracies that affect an array of activities, including The post Education Ministry Replaces NEMIS with KEMIS to Fix Funding Errors appeared first on Nairobi Wire.

Politics

4 w. ago South African PE fund to acquire 35% stake in Kenya’s Mawingu Networks

South African PE fund to acquire 35% stake in Kenya’s Mawingu Networks  TechCabal

Politics

4 w. ago Over 100,000 University Students Locked Out of Funding as HELB Faces Deepening Crisis

NAIROBI, Kenya Jul 15 – More than 100,000 university students have been left without government financial support in the 2024/2025 academic year, as the Higher Education Loans Board (HELB) battles a Sh49.8 billion funding shortfall that now threatens the future of higher education system. Details made known during a tour by National Assembly Education Committee […] The post Over 100,000 University Students Locked Out of Funding as HELB Faces Deepening Crisis appeared first on The DailyMail- Kenya.

Events

last month Audit reveals public schools underfunded by Sh117 from July 2020 to June 2024

NAIROBI, Kenya, July 15 – Public schools in Kenya were underfunded by a staggering Sh117 billion in capitation funds over four financial years, with secondary schools bearing the brunt of the deficit, according to a Special Audit Report by the Office of the Auditor General. The audit, sanctioned by the National Assembly Public Accounts Committee […] The post Audit reveals public schools underfunded by Sh117 from July 2020 to June 2024 appeared first on The DailyMail- Kenya.

Politics