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Banks pour record Sh53bn loans into farming in one year

Nairobi, Sept. 29 -- Commercial banks increased lending to the agriculture sector by a record Sh53.1 billion in the year to June 2026, as stronger farm incomes and improved cash flows made the traditi... Read More


Nyota overshoots youth cash payout target by Sh2.6bn

Nairobi, Sept. 28 -- The government nearly doubled its planned cash payout to youth businesses under the World Bank-funded National Youth Opportunities Towards Advancement (NYOTA) programme, disbursin... Read More


KRA unearths Sh56m smartphone tax evasion scheme

Nairobi, Sept. 23 -- An importer and a clearing agent face prosecution after the Kenya Revenue Authority (KRA) uncovered Sh56 million in under-declared tax on a consignment of mobile phones imported t... Read More


Mortgage financiers issue new Sh28bn loans as rates fall

Nairobi, Sept. 22 -- Lower borrowing costs, larger loans and longer repayment periods drove the mortgage market to a decade-long record growth of Sh27.9 billion last year, helping revive home financin... Read More


Kenya's diaspora inflows from Tanzania overtake Saudi Arabia for first time

Nairobi, Sept. 21 -- Kenyans living and working in Tanzania sent more money home than their counterparts in Saudi Arabia for the first time in August, coinciding with new foreign-worker rules in the G... Read More


Ruto's Sh42bn Bomas complex races against time

Nairobi, Sept. 20 -- The government is in a race against time amid uncertainty whether the construction of the Sh42 billion Bomas International Convention Centre (BICC) will meet its completion target... Read More


Sh1bn tourism levy collection shortfall on delayed Airbnb tax

Nairobi, Sept. 17 -- Tourism levy collections fell Sh1 billion short of target in the year to June after regulations to bring Airbnb rentals, homestays and villas into the tax system failed to take ef... Read More


Domestic tourism misses target as high cost of living bites

Nairobi, Sept. 16 -- Kenyans cut back on travel as the rising cost of living squeezed household budgets, leaving domestic tourism below target even as the overall sector earnings, including internatio... Read More


Somaliland fibre route tests Kenya's regional digital edge

Nairobi, Sept. 15 -- Somaliland is positioning the port city of Berbera as an alternative digital gateway for landlocked Ethiopia and South Sudan, creating another internet connectivity corridor in Ea... Read More


Hustler Fund taps bank, Sacco data for bigger loans

Nairobi, Sept. 14 -- President William Ruto administration plans to use borrowing and repayment behaviour records to determine who qualifies for higher Hustler Fund limits, a move aimed at converting ... Read More