The Central Bank of Kenya (CBK) will extend operating hours for the Kenya Electronic Payment and Settlement System (KEPSS), effective July 1, 2025. KEPSS is the country’s real-time gross settlement (RTGS) system, facilitating continuous real-time clearing and settlement of transactions. In a statement issued on June 18, CBK revealed, “Following extensive consultation with participants of the system and in alignment with the objectives outlined in the National Payments Strategy 2022–2025, the KEPSS operating hours will be revised from the current 8:30 a.m. – 4:30 p.m. to the new schedule of 7:00 a.m.–7:00 p.m. on all business days, except public holidays…
Author: David Indeje
David Indeje
David Indeje serves as the community engagement editor at Khusoko, a digital platform covering East African business news. He manages editorial content, engages audiences, and amplifies diverse voices while consulting on digital strategy for brands in agriculture, governance, technology, and health. Indeje explores AI’s impact on journalism and works as a communications officer at KICTANet.
Hundreds of men on motorbikes, armed with whips and clubs, violently attacked protesters in Nairobi on June 17, 2025, as they demonstrated against alleged extrajudicial killings. The protests were sparked by the death of Albert Ojwang, a 31-year-old teacher who died in police custody under suspicious circumstances. Violent Attacks and Police Inaction Eyewitnesses and video footage shared by local broadcaster NTV captured the mob shouting “No protest” as they dispersed the demonstrators. Unknown people on motorbikes pour into Nairobi CBD shouting “hakuna maandamano!” pic.twitter.com/j6FAdur0Rm — Daily Nation (@NationAfrica) June 17, 2025 At least ten people were injured, including a bystander—a…
Access Bank Kenya has received a fresh capital injection of USD 15 million from its parent company, Access Bank Plc. This development underscores the bank’s commitment to long-term growth and strategic investments, which aim to enhance financial performance and consolidate its market position. Strengthening Capital Base and Supporting the Kenyan Economy The new funding will reinforce Access Bank Kenya’s capital base, improve liquidity, and enable it to offer better support to its customers and the broader Kenyan economy. The approval for this investment was granted following a “No Objection” from the Central Bank of Nigeria (CBN). “We are pleased to…
Kenya is on a trajectory of sustained economic growth but faces significant risks from global trade sanctions, market volatility, and extreme weather conditions, Finance Minister John Mbadi said on Thursday. Presenting the 2025/26 budget to parliament, Mbadi underscored that “heightened uncertainty due to recent tariff wars and the intensification of geopolitical tensions continue to pose significant risks to global economies.” Growth Outpaces Global and Regional Peers Kenya’s economy is projected to record an average growth rate of 5.2% in 2023 and 2024, outstripping the global average of 3.3% and sub-Saharan Africa’s 3.8% over the same period. Mbadi attributed this momentum…
MindHYVE.ai, DV8 Infosystems, and KICTANet have signed a Memorandum of Understanding (MoU) to collaboratively co-develop Kenya’s National Artificial Intelligence Policy. This landmark tripartite partnership combines global AI expertise, regional leadership, and technological innovation to craft a rights-based, inclusive, and culturally attuned AI governance framework aligned with Kenya’s constitutional values and economic goals. Partnership Overview MindHYVE.ai: A California-based AI pioneer renowned for its agentic Artificial General Intelligence (AGI) systems that integrate decentralized intelligence, ethical reasoning, and adaptive learning at national and enterprise scales. DV8 Infosystems: MindHYVE.ai’s official integration partner, specialising in deploying multi-agent systems powered by swarm intelligence for real-world applications.…
The Central Bank of Kenya’s Monetary Policy Committee (MPC) reduced the benchmark Central Bank Rate (CBR) by 25 basis points to 9.75%, marking the first return to single digits since May 2023. This decision, made at the MPC meeting on June 10, 2025, continues the monetary easing cycle aimed at boosting lending and supporting economic growth amid easing inflationary pressures. “In view of the prevailing macroeconomic conditions, the Committee concluded that there was scope for a further easing of the monetary policy stance,” said CBK Governor Kamau Thugge, who chairs the MPC. “This is aimed at stimulating lending by banks…