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IMF cuts Kenya 2026 growth outlook as global pressures mount
Business

IMF cuts Kenya 2026 growth outlook as global pressures mount

Inflation is also projected to rise faster than earlier expected. The IMF now sees consumer prices closing the year at 5.9 per cent, up from 5.2 per cent. The increase is largely driven by higher fuel and fertiliser costs, which are pushing up production expenses across key sectors of the economy.

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Diaspora remittances hit record Sh58.15 billion in March as inflows strengthen
Business

Diaspora remittances hit record Sh58.15 billion in March as inflows strengthen

On a broader scale, the latest monthly performance pushed the total diaspora inflows for the 12 months ending March 2026 to Sh655.9 billion (USD 5,079 million). This is an increase from Sh642.1 billion (USD 4,972 million) recorded in the same period a year earlier, reflecting a 2.2 per cent year-on-year rise and reinforcing the growing importance of remittances in Kenya’s external earnings.

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Court stops KenGen tender as funding dispute derails Olkaria VII
Business

Court stops KenGen tender as funding dispute derails Olkaria VII

At the centre of the case is a tender for consultancy services linked to the Olkaria VII geothermal project, an 80.3-megawatt plant planned for the Olkaria geothermal field in Naivasha. The project is part of efforts to increase electricity generation from renewable sources and improve supply stability.

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Weak demand hits CBK Sh20 billion bond switch
Business

Weak demand hits CBK Sh20 billion bond switch

The Central Bank aimed to exchange up to Sh20 billion worth of existing government bonds as part of its debt management strategy. However, total bids received stood at about Sh2.56 billion, representing only 12.8 per cent of the intended amount and pointing to subdued market appetite.

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Kenya expands domestic investor push in major port PPP projects
Business

Kenya expands domestic investor push in major port PPP projects

The strategy is anchored on the National Infrastructure Fund, which is intended to pool public and private capital for long-term projects. The Treasury noted that Kenya has sufficient financial resources locally but lacks structured coordination to fully channel them into PPP investments.

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