Business

Inside Kenya’s ‘Tenderpreneur’ Economy: How President Ruto And Allies Benefit From Billions In State Projects Amid Conflict Of Interest Controversies

The phrase "It's our turn to eat" has become emblematic of the concerns surrounding conflict of interest and favoritism in government projects under President...

Kenya’s UAE Loan Draws IMF Warnings As High Borrowing Costs Risk Squeezing Public Finances Further

Kenya’s recent decision to obtain a Ksh 193.6 billion ($1.3 billion) loan from the United Arab Emirates (UAE) has faced criticism from various financial...

Kenya’s Costly Power Gamble: Why The Adani-KETRACO Deal Could Hike Electricity Bills Instead Of Cutting Them

The recent Adani-KETRACO transmission line deal has stirred concern across Kenya. This deal, intended to expand the national transmission network, has been met with...

The International Monetary Fund (IMF) Issues Update On Corruption In President William Ruto’s Administration

The International Monetary Fund has revealed that it will send officials to Kenya to investigate corruption in the country’s government. During a press briefing on...

JPMorgan Chase Enters Kenyan Market: A New Era in East African Finance

After a 12-year wait, JPMorgan Chase, America's largest bank, has finally received approval from the Central Bank of Kenya (CBK) to establish a Representative...

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