Category
Finance
High Court Grants IMF Immunity, Removes Fund From Kenya's Sh7 Trillion Odious Debt Case
Kenya's High Court has ruled that the International Monetary Fund cannot face legal proceedings over the country's Sh7 trillion public debt, granting the global lender full immunity and striking it from a petition that challenges the legitimacy of the debt as "odious." The legal battle continues against the remaining defendants.
Equity Group Shareholders Green-Light Record Sh21.7 Billion Dividend Payout
Equity Group shareholders have approved a record Sh21.70 billion dividend for the 2025 financial year, paying out Sh5.75 per share — a sharp jump from the previous year's Sh16.04 billion. The landmark payout comes alongside approvals to expand into insurance markets in Kenya and the Democratic Republic of Congo.
Parliament Moves to Tighten Grip on Kenya's Sovereign Wealth Fund
Kenya's National Assembly Finance and Planning Committee is calling for Parliament and the Controller of Budget to jointly approve all withdrawals from the proposed Sovereign Wealth Fund, which is set to manage revenues from the country's oil and mineral resources on behalf of future generations.
Debt Before People: New Report Slams IMF Austerity Policies Squeezing Kenya
A new report exposes how Kenya spends nearly three times more government revenue on external debt repayments than on healthcare, raising fresh questions about the human cost of IMF-backed austerity. The analysis, covering 29 IMF documents across 11 countries from 2022 to 2025, finds that 73% of recommendations prioritise spending cuts over public services.
Kenya's Eurobond Buyback: Digging a Deeper Hole to Fill the First One
Kenya's Eurobond buyback program, designed to ease the country's mounting debt pressures, has instead left taxpayers exposed to higher long-term costs. By using fresh borrowing rather than existing revenues to retire old bonds, the government avoided immediate default but locked Kenya into a cycle of expensive refinancing that analysts say will strain the national budget for years.
Kenyan Women in Diaspora Outpace Men in Sending Support Back Home
A 2025 survey by the Kenya National Bureau of Statistics, Central Bank of Kenya, and Financial Sector Deepening Kenya reveals that 680,207 Kenyan women in the diaspora sent support home — 52 percent more than the 447,475 men who did so — upending the traditional view of remittances as a male-driven flow.
StanChart Tapped to Link CBK with Global Bond Investors
Standard Chartered Bank Kenya has been appointed by the Central Bank of Kenya to manage government bonds and Treasury bills for international investors, under a new arrangement involving global financial firm Clearstream — a move aimed at drawing more foreign capital into Kenya's Sh7 trillion debt market.
CBK Nets Extra Sh29.2bn from June Bond Tap Sale as Government Races to Close Fiscal Gap
The Central Bank of Kenya netted an extra Sh29.2 billion through a tap sale of June bonds, closing the offer on day one after investors submitted bids worth Sh31 billion. The move comes as the government scrambles to bridge a Sh360 billion domestic borrowing gap before the 2025/26 fiscal year ends.
KRA to Phase Income Tax Filing Deadlines from January 2027 to Beat Last-Minute Rush
Kenya will introduce separate income tax filing deadlines for individuals and corporations starting January 2027, anchored in the Finance Act 2026 signed by President William Ruto. Individuals must now file by April 30 each year, while companies retain the June 30 deadline — a reform designed to relieve chronic system congestion at the Kenya Revenue Authority.