South Africa has emerged as the top regional investment destination for Kenyan millionaires, according to Knight Frank's Wealth & Investment Trends 2026 report.
Diesel users missed an Sh8 per litre price drop after the government used the savings to keep petrol and kerosene prices unchanged in the latest EPRA review.
The decision comes after the government used the Sh8 per litre savings from diesel to subsidise petrol and kerosene as the fuel subsidy fund neared depletion
Nairobi is projected to become Africa's largest megacity by 2050, with its population expected to reach 57 million, according to Africapolis, due to rapid urbanisation.
The city is set to overtake Cairo and Lagos to become the continent's most populous metropolitan area.
World Bank urges Kenya to stop raising taxes and focus on spending public money more efficiently.
This comes after widespread opposition forced the government to drop several proposed tax increases in the Finance Bill 2026.
Kenya now has no dollar billionaires (worth over Sh130 billion), down from two in 2025, according to the latest Knight Frank Wealth Report.
However, the country still has 7,200 US-dollar millionaires (worth at least Sh129 million).
CBK has licensed 25 more digital lenders, bringing the total to 252.
The regulator has received over 800 applications since March 2022 as it tightens oversight of the sector.
Businesswoman Mary Wambui is at risk of losing all her investments and putting her two daughters in trouble with Equity Bank as personal guarantors, as fresh details now reveal that she may have put all her eggs in one basket for the Sh8 billion loan.
In a rare but exclusive glimpse into expansive interests, including in estate and aviation, Wambui, who is said to be President William Ruto’s close ally, first used properties under Purma Holdings Limited to secure loans for Glee Hotel, which has now been put under administration, and for Albatross Aviation Limited.
https://t.co/m03HXEaGje
Audit reveals payroll fraud cost taxpayers an estimated Sh6.2 billion.
The audit found:
— Sh313.6 million paid through a single personal bank account at the National Police Service.
— Sh31.5 million in unsupported salary arrears at the Department of Immigration.
— Sh20 million paid to employees with unverified bank account details.
— The remaining losses came from ghost workers, duplicate salaries, shared bank accounts, and other payroll irregularities
Kenya's super-rich are shifting investments from property to money market funds, Treasury bonds and REITs in search of better returns and more liquidity, according to Knight Frank's Wealth Report.
CBK Governor Kamau Thugge says Kenya's forex reserves could rise to US$16 billion once proceeds from the Safaricom stake sale are received
He says recent growth in reserves was driven by World Bank funding and the Kenya Pipeline stake sale, with the Nedbank-NCBA deal expected to provide further support.
Kenya is considering buying back up to $500 million of its Eurobonds in FY2026/27, funded through a new dollar bond issuance.
The move aims to:
— Extend debt maturities
— Reduce near-term debt repayment pressure
— Support budget financing with any excess proceeds
If completed, it would be Kenya's fourth external debt buyback in two years.
Court of Appeal has ordered a fresh hearing of the dispute over KenGen's Sh2.5 billion carbon credits tender after overturning earlier decisions.
The case involves Sintmond Group, which is challenging its disqualification from the tender to sell 6.38 million carbon credits
US President Donald Trump says the US will charge a 20% fee on all cargo transiting the Strait of Hormuz.
He says the US will be reimbursed for protecting the vital shipping route