Kenya's forex reserves jumped by US$1.54 billion this week to a record US$15.4 billion, the highest level ever.
The increase was largely driven by proceeds from the government's partial sale of its Safaricom stake.
The higher reserves are expected to support the Kenyan shilling, which is trading at around Sh129.5 against the US dollar, rate via @carrington_fx.
Busia Senator Okiya Omtatah wants High Court to declare tallying and verification at the National Tallying Centre illegal, says results announced at the Constituency level are final.
Kenya's Treasury has banned interest on stablecoins, meaning crypto firms and exchanges will not be allowed to pay returns on them under new regulations.
The move aims to protect bank deposits and prevent unregulated banking activities.
Reality on the ground, Kenyan SMEs currently face a huge financing gap.
They need about Sh4 trillion to sustain and expand their businesses, but banks provide only around Sh700 billion, leaving a funding gap of roughly Sh3.3 trillion.
Business has become tougher, and if you look at the data, banks increasingly prefer lending to the government instead of the private sector, leaving many SMEs struggling to access affordable credit.
Former National Treasury CS, Prof. Njuguna Ndung'u, says whereas institutions in Kenya have the capacity to do the right thing, "the current President overruns all the institutions and that is why everybody in those institutions will have to conform, for fear"
PesaLink, a platform for sending money between bank accounts, plans to let customers send money using phone numbers or ID numbers instead of bank account numbers.
Banks are cutting PesaLink transfer fees to challenge M-Pesa.
Nineteen banks now offer free PesaLink transfers up to Sh1,000 and a flat Sh20 fee for transfers between Sh1,001 and Sh999,999.
The full list of the 19 banks is in the thread below.
Special Funds delivered the following net returns in the first half of 2026 (January–June):
— Mansa X Special Fund (KES): 10.9%
— Etica Special Multi Asset Fund: 10.5%
— Oak Special Fund (KES): 8.1%
— Kuza Momentum Special Fund: 6.2%
Africa's Leading Countries in Startup Funding in 2025
1. Kenya 🇰🇪 - $1.04 billion
2. South Africa 🇿🇦 -$720 million
3. Egypt 🇪🇬 - $600 million
4. Nigeria 🇳🇬 - $570 million
Instead of downloading an Excel file, filling it in, and uploading it, you will file your tax return directly on KRA's website using your browser.
Example:If you earn Sh100,000 a month from employment, KRA could already have your salary and PAYE details from your employer.
When you log in, those figures may already be filled in. You only need to confirm they are correct and submit your returns
If you run a business and issue eTIMS invoices, KRA can use those records to help pre-fill parts of your tax return, reducing manual entry.
Another major change is auto-populated tax returns.
KRA will use information such as eTIMS invoices, PAYE records, withholding tax certificates, customs data, and other third-party data to fill in parts of your return automatically.
You should study what makes you defensive. The topic you avoid, the joke that irritates you, the question that feels insulting, the feedback you instantly reject. Defensiveness is usually the guard dog sitting in front of a weakness you have not trained yourself to face.
A drone farewell was done for Cristiano Ronaldo in his hometown in Madeira after he played his last game for Portugal 🇵🇹 against Spain in the World cup …… He really put them on the map❤️
The World Bank has given Kenya more than 10 conditions before it can access the next round of loans.
Here are 10 of the main conditions explained in simple terms.
Thread below:
Everyone wants in on the Special Funds rush that has taken over collective investment schemes in the country.
Latest onboarding into this category:
· Absa Global Multi-Asset Special Fund (US$) & Absa Global Multi-Asset Special Fund (Kes)
· Dry Associates Special Fixed Income Fund (€) & Dry Associates Sterling Special Fixed Income Fund (£)
· Madison Fixed Income Special Fund (US$)
Special Funds overtook Fixed Income Funds to close Q1 2026 at Kes 203.6 billion worth of assets under management, 23.9% of the market.