In the middle of the pandemic, Kenyan banks doubled their net earnings year-on-year to KSh50bn ($458m) during the second quarter of 2021. However, ... upon review, these ‘strong’ earnings were primarily driven by reduction in loan impairment charges, as bad ones were down by half year-on-year during the quarter.
With a debt already close to 70% of its GDP, the IMF projects that Kenya plans to borrow $12.4bn from foreign sources by June 2022. This, at ... a time when the country is at a high risk of debt distress and subject to zero limits on non-concessional borrowing. But the distress is also having a cause and effect on its population.
Scale, a Kenyan digital startup, is aiming to disrupt all aspects of procurement in Kenya and across the African continent by offering innovative ... solutions to suppliers, public procurement entities, private companies and even banks.
As the countdown to next year’s general election begins, Kenyan government officials who had been seen as politically neutral have been throwing ... caution to the wind. Recent controversial statements and endorsements have left many would-be voters questioning the state's commitment to a free and fair poll.
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On 10 November, the campaign motorcade belonging to Kenya’s Deputy President William Ruto was attacked in Kisumu, a western county on the shores ... of Lake Victoria. It was a bad day for Ruto who had just had a smooth run across the country for weeks, in his quest to succeed President Uhuru Kenyatta. However, the blame game that followed amongst the political class and security organs could threaten peace for a country that has known its fair share of deadly election aftermaths.
The governing body of the International Federation of Association Football, FIFA, may have no choice but to suspend Kenya’s top football organ ... Football Kenya Federation (FKF) after its president, Nicholas Mwendwa, was recently kicked out of office by the sports cabinet secretary. But what wrong did Mwendwa commit? And what are the chances of regaining his seat?
In part two of our review of some of the most active stakeholders attempting to reform how governments spend their money across Africa, we profile ... an activist in Cameroon, an anti-corruption campaigner in Kenya, as well as a procurement officer and a data analysis firm in Nigeria.
Kenya’s President Uhuru Kenyatta held private talks with Ethiopia’s Prime Minister Abiy Ahmed and President Sahle Work Zewde on Sunday, as ... regional leaders scramble for a solution to the country’s year-long civil war.
Back in 2018, when Kenyan Senator Gideon Moi announced that he might run in next year’s presidential race, supporters of Deputy President William ... Ruto immediately attacked him as a spoiler. One of the politicians who wouldn’t hear of it was MP Oscar Sudi, who took aim at Moi’s educational credentials.
Covid-19 led to widespread regulatory limits on mobile money transaction fees to boost financial inclusion through the pandemic. How have the ... controls impacted mobile money operators, which earn 80%+ of revenues from transaction fees? It looks like the controls are here to stay in some countries. In others, like Tanzania, Vodacom and Airtel successfully lobbied to remove a mobile money tax.