The Central Bank of Kenya (CBK) released its May 2025 CEO Survey, highlighting growing unease among Kenyan businesses due to recent U.S. policy changes. The report notes that “a majority of respondents expect to be impacted by recent U.S. trade tariffs and policy shifts,” with 61% of surveyed CEOs reporting operational disruptions. “The May 2025 CEOs Survey shows improved growth prospects for the Kenyan economy in the next 12 months, supported by macroeconomic stability, favourable weather conditions, and expectations of improved liquidity owing to declining bank lending rates.” “However, muted consumer demand, elevated cost of doing business, the impact of…
Author: David Indeje
David Indeje
David Indeje is the Community Engagement Editor at Khusoko, East Africa’s leading digital business news platform. He shapes editorial content, drives audience engagement, and amplifies diverse voices. Beyond journalism, he consults on digital strategy across agriculture, governance, technology, and health, while examining AI’s role in the future of media. He also serves as Communications Officer at KICTANet, advancing digital inclusion and policy dialogue.
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…
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.…