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…
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.
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…
MTN Uganda is accelerating the separation of its mobile money business, MTN Mobile Money Uganda Limited (MTN MoMo), to comply with the National Payment Systems Act 2020 and align with MTN Group’s regional fintech strategy. The company plans to seek shareholder approval for this restructuring at an Extraordinary General Meeting (EGM) scheduled for 2 July 2025. The proposal involves spinning off MTN MoMo from MTN Uganda’s telecom operations to create a standalone fintech entity that meets regulatory and operational requirements. This separation is mandated by Uganda’s National Payment Systems Act 2020, which requires mobile money operators to establish separate legal…
Mama Rocks—Burger Kitchen Limited, a Nairobi-based gourmet burger chain, faces possible liquidation following a petition filed by co-founder Samantha Amimo Mwedekeli. The petition, filed on 16 October 2024, is scheduled for a hearing before the High Court, Commercial and Tax Division at Milimani Law Courts, Nairobi, on 12 June 2025 at 9:00 a.m. According to the official court notice (INSOLVENCY CAUSE NO. E71 OF 2024), “Notice is given that a Petition for the liquidation of the above-mentioned Company, MAMA ROCKS–BURGER KITCHEN LIMITED, a Limited Liability Company with its registered address at P.O. Box 788 – 00610, Nairobi, was on the…
Dr James Mwangi, CEO of Equity Group, shared on The Trading Bell Show a bold vision for financial inclusion and regional integration, emphasising people-centric banking, digital transformation, and cross-border partnerships. Equity Group’s initiatives, including loan rescheduling during COVID-19, collaborations with the United Nations High Commissioner for Refugees (UNHCR) and World Food Programme (WFP), and a fully digital banking model across six African countries, aim to drive sustainable development and shared prosperity. Financial Inclusion: A People-First Approach Dr Mwangi highlighted Equity Group’s commitment to prioritising customers and communities, particularly during crises. Reflecting on the COVID-19 pandemic, he stated, “For us, it…