Author: Muindi

Kenya’s commercial property investors are changing where they put their money. Rather than chase new developments, they now look at old office buildings and ask what it takes to fix them. Environmental, social, and governance factors sit behind that shift, according to Knight Frank Kenya’s Wealth and Investment Trends Report 2026. Upgrade, Don’t Replace The strategy centres on improving what already stands: better energy systems, renewable power integration, and upgrades that cut a building’s footprint. The report found that 38 percent of respondents said their clients now target underperforming commercial properties for refurbishment while keeping the building’s existing use. That…

Four East African economies posted four different inflation stories in June 2026. Tanzania held steady within target. Kenya eased for the first time in months. Uganda ticked higher on fuel costs. Rwanda kept climbing toward levels not seen in nearly three years. The region’s price pressures no longer move together, and that divergence says as much about differing monetary responses as it does about the shocks themselves. Table: East Africa Headline Inflation, June 2026 Country June 2026 May 2026 Target Range Latest Policy Move Tanzania 4.0% 4.2% 3% to 5% +50bps to 6.25% (July 3) Kenya 6.4% 6.7% 2.5% to…

SanlamAllianz Kenya launched its Proud Moments Initiative this week, a pan-African campaign running from July through October 2026 that puts a name to something many Kenyans live daily: the work that goes into building a family, a business, or an education, and the risk of losing it without a safety net. Rather than introduce new products, the campaign spotlights two solutions already in the company’s portfolio, positioning them as tools for protecting progress rather than reacting to loss. Two Products Anchor the Campaign Flexi Educator Plus, offered through Sanlam Allianz Life Insurance Kenya, helps parents and guardians plan for the…

The National Treasury will open the FY 2027/28 and Medium Term Budget preparation process on July 22, 2026, at the Kenyatta International Convention Centre in Nairobi, starting at 8:30 am. The launch marks the first formal step in a cycle that will shape government spending priorities through the 2029/30 financial year. Constitution Anchors the Process Treasury conducts the launch under Article 201 of the Constitution and Section 35(2) of the Public Finance Management Act, Cap 412A, provisions that require openness and public involvement in how government raises and spends money. Kenya’s budget calendar treats this launch as the formal starting…

Kenya’s economy will grow 4.3 percent this year, the World Bank said Thursday, trimming its earlier forecast by 0.6 percentage points as the fallout from the U.S. Israeli war on Iran ripples through global energy markets. The bank expects growth to pick up slightly to 4.4 percent in 2027. The revision puts the multilateral lender well below Nairobi’s own projections. The National Treasury still expects the economy to expand 5.0 percent this year and 5.2 percent in 2027, a gap that highlights how differently officials and outside analysts read Kenya’s exposure to the oil shock. The economy grew 4.6 percent…

Kenya’s National Infrastructure Fund has its board. Treasury Cabinet Secretary John Mbadi appointed six members through a gazette notice dated July 8, 2026, with the appointments taking effect the same day and running for a three year term. The move marks a step in getting the fund operational. Established under the National Infrastructure Fund Act, 2026, the NIF exists to channel private capital into roads, railways, energy projects and other large scale infrastructure, reducing Kenya’s reliance on debt to finance development. Earlier this year, the government fed the fund with Ksh 103.45 billion in net proceeds from the sale of…