Average commercial bank lending rates in Kenya dropped to 13.2% in May 2024—the lowest since 2016—following the Central Bank’s shift …
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Region: Nairobi
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Economy & Business
Kenya’s Urban BRT Systems Move 500,000 Commuters Daily in Pilot Corridors
by KenyaPollsby KenyaPollsKenya’s Bus Rapid Transit (BRT) systems in Nairobi (Ngong Road), Mombasa (Moi Avenue), and Kisumu (Jaramogi Oginga Odinga) now move …
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Kenya’s cotton production doubled to 26,000 bales in 2023 under the National Cotton Revival Strategy, reversing decades of decline. The …
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Economy & Business
Central Bank Introduces Guidelines for Open Banking in Kenya
by KenyaPollsby KenyaPollsThe Central Bank of Kenya has issued final guidelines for open banking, requiring banks and fintechs to share customer-permissioned data …
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Economy & Business
Kenya Bans Import of Second-Hand Clothing to Boost Local Textiles
by KenyaPollsby KenyaPollsThe Kenyan government has indefinitely suspended imports of second-hand clothes (mitumba) effective June 2024 to protect local textile manufacturers. The …
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Deputy President Rigathi Gachagua has reignited the contentious one man, one shilling debate on revenue sharing, arguing that regions with …
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Economy & Business
Konza City Breaks Ground on Smart Water Treatment Plant
by KenyaPollsby KenyaPollsKonza Technopolis has broken ground on a Ksh7 billion smart water treatment plant, the first in Kenya to use AI …
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Economy & Business
Kenya’s Urban Transport Fund Launches E-Bus Fleets in Three Cities
by KenyaPollsby KenyaPollsKenya’s Ksh50 billion Urban Transport Fund has launched electric bus fleets in Nairobi, Mombasa, and Kisumu. The World Bank-funded program, …
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Economy & Business
Maize Production Rises as Government’s Fertilizer Subsidy Reaches 2 Million Farmers
by KenyaPollsby KenyaPollsKenya’s maize output is projected to hit 54 million bags in 2024—up 22% from 2023—following the successful rollout of the …
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Economy & Business
Kenya’s EV Charging Network Expands to 100 Stations Nationwide
by KenyaPollsby KenyaPollsRoam, BasiGo, and Kenya Power have jointly expanded Kenya’s public EV charging network to 100 stations across 10 cities, including …