Kenya’s diaspora remittance inflows totaled USD 435.5 million in December 2025, down from USD 445.4 million in December 2024, representing a 2.2% decline. The slowdown in December capped the year, reflecting global economic pressures and seasonal variations in transfers. Annual Remittances Edge Up to USD 5.04 Billion Despite the December dip, total remittances for 2025 increased by 1.9% to USD 5,037 million, compared to USD 4,945 million in 2024, according to the Central Bank of Kenya (CBK). This growth underscores the resilience of Kenya’s diaspora community, whose contributions remain a source of foreign exchange earnings and support for the country’s…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Karen Basiye, Director of Sustainable Business, Social Impact, and Foundations at Safaricom, has been honored as the Schwab Foundation Corporate Social Innovator of the Year 2026. This prestigious award, presented in partnership with the World Economic Forum, celebrates leaders who integrate purpose into profit and drive systemic change across industries. Her recognition underscores Safaricom’s belief in the “Spirit of Safaricom”, the conviction that business thrives when society thrives. Championing Climate Action and Digital Inclusion At Safaricom, Karen has been instrumental in embedding social and environmental impact into the company’s DNA. Her leadership spans: Climate Action – advancing sustainability and resilience…
The United States House of Representatives has passed a bill extending the African Growth and Opportunity Act (AGOA) for three more years, a move hailed as a critical milestone in U.S.–Africa trade relations. The decision provides renewed certainty for exporters and signals Washington’s continued commitment to strengthening economic ties with sub‑Saharan Africa. Renewed Confidence for Kenya’s Textile Sector Kenya’s textile and apparel industries, anchored in Export Processing Zones (EPZs), employ more than 80,000 workers directly and support an additional 250,000 indirectly. The extension of AGOA is expected to ease uncertainty that had clouded the sector, paving the way for expanded…
Treasury Cabinet Secretary John Mbadi has defended the government’s plan to divest a 15 per cent stake in Safaricom PLC to Vodacom Group, saying the move will unlock billions for infrastructure projects while safeguarding Kenya’s long‑term interests in the telecom giant. Why the Government is Selling Mbadi told MPs that the partial divestiture is designed to shield the state’s remaining shares from dilution as Safaricom raises capital for expansion. “Unlike taxation, privatization never reduces private sector wealth. In most cases it encourages the propensity to invest, and enhance aggregate demand which in the long run would widen the revenue base,”…
The ADI Foundation has partnered with M-PESA Africa, aiming to extend blockchain infrastructure to more than 66.2 million monthly users across eight African countries. The collaboration will deploy ADI Chain in Kenya, DR Congo, Egypt, Ethiopia, Ghana, Lesotho, Mozambique, and Tanzania, creating institutional‑grade digital rails for individuals and small businesses. Expanding Financial Access Through Blockchain Since its 2007 launch in Kenya, M-PESA has transformed financial inclusion by enabling millions to access services via mobile devices, bypassing traditional banking barriers. The new partnership builds on this foundation by integrating blockchain capabilities into M-PESA’s infrastructure, which already processes $309 billion annually. “M-PESA…
Uchumi House, a five‑storey commercial property located at the junction of Aga Khan Walk and Nkrumah Lane in Nairobi’s Central Business District (CBD), is on sale for Sh562.5 million. The building, which includes a basement and mezzanine floor, sits on a 0.28‑acre parcel and offers a total floor area of 4,491 square metres. Current tenants include Naivas Supermarket and Pronto Restaurant, providing immediate rental income to a prospective buyer. Prime Location with Strong Investment Appeal Uchumi House is surrounded by Sunken Parking, Electricity House, Nairobi Cinema, and the Kenya Re Building, reinforcing its strategic positioning within Nairobi’s commercial heart. The…