The International Monetary Fund (IMF) has reaffirmed its commitment to supporting Kenya following high-level discussions aimed at bolstering the nation’s economic stability amid a volatile global market.In a statement released on their X account after the 2026 Spring Meetings held at IMF Headquarters on April 13, 2026, the National Treasury
Tag: Kenya economy
Ndindi Nyoro Breaks Silence on His Fallout With UDA, Ruto
Kiharu Member of Parliament (MP) Ndindi Nyoro has candidly discussed the origins of his contentious split with the ruling United Democratic Alliance (UDA) party.In an interview on Wednesday night, January 14, 2026, with a local television station, Nyoro revealed that his rift with President William Ruto's party began when it
Mandera MP: Kenyans in Somalia Send Ksh70m Home Daily
Ndindi Nyoro Warns of Looming Economic Crisis in Kenya
Kiharu MP Ndindi Nyoro warns Kenya heads for an economic crisis soon.In an X post on Tuesday, December 16, 2025, he said heavy debt needs threaten the nation's future.Kenya takes on about Ksh1.2 trillion in loans each year. Nyoro says the economy can't keep that up.Debt alert for Kenyans"Fellow Kenyans,
Mbadi Defends Safaricom Stake Sale as Strategic Move, Not Desperation
The Treasury Cabinet Secretary John Mbadi has acted to address public worries surrounding the government's sale of a 15 percent share in Safaricom to Vodafone. This transaction is valued at approximately $1.56 billion (Ksh204 billion), along with an additional Ksh40.2 billion dividend pre-payment, bringing the total to Ksh244 billion.In an
Ruto Secures $1B DFC Debt Swap and Expanded U.S. Investment for Kenya
President William Ruto announced a significant development for Kenya following discussions with Ben Black, Chief Executive Officer of the U.S. International Development Finance Corporation (DFC), during his visit to Washington, D.C.In a social media post, President Ruto revealed that the DFC had agreed to implement a $1 billion (KSh 162
Jimmy Wanjigi Explains Why He Chose Politics Over Commerce
Business magnet and politician Jimmy Wanjigi has clarified why he opted to pursue politics despite his achievements in commerce.Speaking during a discussion on his YouTube platform on Tuesday, November 11, 2025, Wanjigi mentioned that governance and enterprise are two wholly separate domains, and his choice to join politics was motivated
Ruto: Kenya Beats Angola, Ethiopia to Become the Sixth Largest Economy in Africa
Kenya is now the sixth-largest economy in Africa, surpassing nations like Ethiopia and Angola by God's grace, according to President William Ruto. On Tuesday, November 4, 2025, Ruto cheerfully told Kenyans residing in Qatar that despite international financial difficulties, the nation's economy has stabilized over the past three years. This
CBK Weekly Report: Kenya’s Economy Stable as Inflation Holds at 4.6%
The Central Bank of Kenya (CBK) has emphasized a stable economic environment, showcasing significant developments in inflation, exchange rates, foreign exchange reserves, money market activities, government securities, and the equity market.The report, published on October 31, 2025, which covers the week ending October 30, 2025, offers a detailed analysis of
Kenya Plans New Fuel and Electricity Taxes to Fund $18.7B Energy Projects
Consumers in Kenya should brace themselves for even more challenging economic conditions in 2026 as the government intends to implement new taxes on fuel and electricity to finance energy infrastructure.This action is expected to impose extra charges on consumers, further increasing the prices of goods and services.Named the Consolidated Energy