The Investment Fund for Developing Countries pledged $15 million in equity financing to PowerGen which is an on grid & off grid energy developer with >3MW installed capacity in 10 countries and 20k customers. It is a partner of Power Africa aiming to double access to power in SSA
The 2025/26 FY budget is set at Ksh. 4,329.3B against total revenue target of Ksh. 3,516.6 B. Budget deficit will be Ksh. 759.4B excluding grants financed by: External borrowing Ksh. 213.7B & domestic borrowing Ksh. 545.8 (Draft BPS, 2025)
This is a more transparent way of reporting inflation figures in the country by segregating items whose prices are more volatile to form part of non core inflation. This way, the drivers of headline inflation will be easy to show and guide Government policy on the same
CBK and KNBS have introduced a new way of reporting inflation in the country. instead of focusing on headline inflation, the 2 institutions will from now, going forward, be reporting core and non core inflation figures.
Kenya is ranked 14 out of 53 as a leading destination for expatriates. It has consistently been ranked among top 20 global expat destinations ahead of UK, Italy, Germany, South Africa, Morocco & Egypt . Reasons warmth, affordable housing & ease of integration into local society