Kenya, Uganda and Tanzania are negotiating a joint visa scheme for the 2027 Africa Cup of Nations, a move that would allow supporters, teams and officials to travel across the three host nations using a single travel authorization. The proposed visa, valid for up to four months, would eliminate the need for multiple entry permits […]

Kenya, Uganda and Tanzania are negotiating a joint visa scheme for the 2027 Africa Cup of Nations, a move that would allow supporters, teams and officials to travel across the three host nations using a single travel authorization. The proposed visa, valid for up to four months, would eliminate the need for multiple entry permits […]

Nigeria’s Dangote Group plans to build a 700,000-barrel-per-day oil refinery in Kenya, financing the project through internal cash flow, bond issuance and proceeds from a planned initial public offering. The refinery will be located in Lamu and is expected to take up to three years to complete, Edwin Devakumar, Dangote Industries’ vice-president for oil and […]

Kenya has abolished excise duty on bottled water under the Finance Act, 2026, removing a levy of 6.41 Kenyan shillings per litre as part of a wider overhaul of the country’s excise tax regime aimed at reflecting changing consumption patterns and easing costs for consumers. The measure took effect on July 1 after amendments to […]

Kenya has forfeited African Development Bank (AfDB) shares worth approximately $92 million after failing to make its annual subscription payment. This development comes at a time when Kenya’s borrowing from the bank has risen significantly, raising concerns that the loss will severely weaken its clout and influence in the bank’s governance and decision-making processes. According […]

Kenya has forfeited African Development Bank (AfDB) shares worth approximately 92 million US dollars after failing to complete a required capital subscription payment, reducing its ownership stake in the continent’s largest multilateral development lender despite becoming one of its biggest borrowers. Disclosures from the AfDB show Kenya’s shareholding fell to 180,161 shares at the end […]

Kenya has forfeited African Development Bank (AfDB) shares worth approximately 92 million US dollars after failing to complete a required capital subscription payment, reducing its ownership stake in the continent’s largest multilateral development lender despite becoming one of its biggest borrowers. Disclosures from the AfDB show Kenya’s shareholding fell to 180,161 shares at the end […]

Kenyan lawmakers have raised concern that the migration of trained engineers to overseas jobs is weakening technical capacity in the energy sector, including operations linked to the cross-border electricity line that carries power imports from Ethiopia. The warning came during an inspection by members of Kenya’s National Assembly Departmental Committee on Energy and Petroleum, who […]

Kenyan lawmakers have raised concern that the migration of trained engineers to overseas jobs is weakening technical capacity in the energy sector, including operations linked to the cross-border electricity line that carries power imports from Ethiopia. The warning came during an inspection by members of Kenya’s National Assembly Departmental Committee on Energy and Petroleum, who […]

Sidama Bank S.C. has signed a correspondent banking agreement with Equity Bank Kenya, in a move that links the Ethiopian lender to one of east Africa’s largest financial institutions. The agreement establishes a formal banking relationship that enables cross-border services including international money transfers, trade finance operations, and foreign currency transactions. Such arrangements typically allow […]