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JUST IN: Have Your Say: Treasury Opens Public Submissions for 2025/26 Kenya Budget 

  Treasury Cabinet Secretary John Mbadi has invited Kenyans to submit their ideas and proposals for the upcoming national budget, which he will present to Parliament on June 12, 2025. The 2025/26 budget aims to address key national priorities such as economic recovery, lowering the cost of living, creating jobs, and advancing the government’s development agenda. Mbadi announced that the National Treasury is in the final stages of preparing the Budget Statement and emphasized the need for public input to help shape sound economic and tax policies. “We are calling on Kenyans to share their contributions on measures that can support the economy and improve people’s lives,” he said in an
The post Have Your Say: Treasury Opens Public Submissions for 2025/26 Kenya Budget appeared first on Nairobi Wire. Read More

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JUST IN: How Kenya’s New Early Warning System Will Revolutionize Disaster Preparedness 

  The Kenyan government has taken a decisive step to protect its people and economy from the growing threat of natural disasters by launching the Early Warnings for All Initiative. This nationwide disaster preparedness strategy focuses on strengthening the country’s ability to respond swiftly and effectively to emergencies like droughts, floods, and disease outbreaks—events that are becoming more frequent and severe due to climate change. Recent studies show that climate change continues to intensify extreme weather across Kenya, yet Africa still lacks the comprehensive observational data needed to predict how these changes will unfold in the future. This gap makes it harder for countries to prepare adequately. The Early Warnings for
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JUST IN: Govt Mulls Ksh.6B Hustler Fund Loan Write-Off Amid MP Backlash 

  The government is considering writing off defaulted Hustler Fund loans totaling up to Ksh.6 billion, Principal Secretary for Micro, Small and Medium Enterprises Development Susan Mang’eni has announced. The loans, issued to 10 million Kenyans in 2022, remain unpaid more than two years later. While appearing before the National Assembly’s Committee on Trade, Industry and Cooperatives, Mang’eni confirmed that the borrowers failed to repay the loans, prompting the ministry to propose a write-off to clean up the fund’s risky loan portfolio. “They never repaid, and that is what we will be seeking to write off,” Mang’eni told the committee. “The portfolio that is totally at risk and is in default
The post Govt Mulls Ksh.6B Hustler Fund Loan Write-Off Amid MP Backlash appeared first on Nairobi Wire. Read More

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JUST IN: DP Kindiki Confirms Ksh50,000 Disbursement to Youth-Owned Businesses Starting This Month 

  Kenyan youth with dreams of launching or expanding small businesses are set to receive a major boost as the government rolls out its NYOTA programme. Deputy President Kithure Kindiki announced that, starting this month, eligible young entrepreneurs will receive Ksh50,000 each to support their ventures. Speaking during a stakeholder meeting in Kisii County on Thursday, Kindiki revealed that the government has released Ksh28 billion to fund the initiative. The National Youth Opportunities Towards Advancement (NYOTA) programme targets 70 youth per ward across all 47 counties. “We have a very big programme for the youth, both male and female; it is called NYOTA. We are giving money in all the wards
The post DP Kindiki Confirms Ksh50,000 Disbursement to Youth-Owned Businesses Starting This Month appeared first on Nairobi Wire. Read More

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JUST IN: Obado’s Ex-aide Michael Oyamo Discredits Prosecution Witnesses in Ongoing Sharon Otieno Murder Trial 

  Michael Oyamo, a key suspect in the high-profile murder case of university student Sharon Otieno, has strongly denied any involvement in orchestrating or executing her killing. Testifying before the High Court, Oyamo dismissed the prosecution’s allegations as entirely false and called key witness accounts misleading and fabricated. The former personal assistant to ex-Migori Governor Okoth Obado singled out testimony from Prosecution Witness 38 (PW38), rejecting claims that he was picked up from Uriri by a man named Jack Gombe or that he visited a woman named Olivia on the morning of September 3, 2018. “My lady, Jack did not pick me or with any other person on that day,” Oyamo
The post Obado’s Ex-aide Michael Oyamo Discredits Prosecution Witnesses in Ongoing Sharon Otieno Murder Trial appeared first on Nairobi Wire. Read More

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JUST IN: Shakahola Horror: Children’s Officer Testifies to Shocking Abuse, Starvation, and Radical Indoctrination 

  A senior children’s officer painted a harrowing picture in court this week of the abuse children suffered inside Shakahola Forest under the control of pastor Paul Nthege Mackenzie and his acolytes. Principal Children’s Officer Sebastian Muli Muteti took the stand before Principal Magistrate Hon. Nelly Chepchirchir at Tononoka Court on Wednesday. In his emotional testimony, he described how Mackenzie’s cult isolated minors and subjected them to radical religious indoctrination, starvation, and brutal torture. Muteti, the 29th prosecution witness in the ongoing case, told the court that his office began receiving distress calls between February and March 2023. Concerned residents of Shakahola alerted authorities to emaciated children bearing visible injuries and
The post Shakahola Horror: Children’s Officer Testifies to Shocking Abuse, Starvation, and Radical Indoctrination appeared first on Nairobi Wire. Read More

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Money

Kredete launches Africa’s first stablecoin-backed credit card

 New York, NY / May 23rd, 2025—Kredete, the financial technology platform helping African immigrants in the U.S. build credit through stablecoin-powered payments, today announced the launch of Africa’s first stablecoin-backed credit card. Built in partnership with Visa, Stellar, and Rain, the card gives users across 41+ African countries a simple, secure way to spend stable
Kredete launches Africa’s first stablecoin-backed credit card first appeared on Bizna Kenya Read More

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KCB shareholders approve Ksh. 9.6 Billion dividends payout for FY 2024

 KCB Group shareholders have approved a Ksh. 9.6 billion total dividends payout for the 2024 financial year. The shareholders approved a final dividend of Ksh. 1.50 per share at the Annual General Meeting (AGM) in Nairobi, as recommended by the Board. The dividend shall be paid on or about May 23, 2025, net of withholding tax
The post KCB shareholders approve Ksh. 9.6 Billion dividends payout for FY 2024 appeared first on HapaKenya. Read More

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How to apply for M-PESA Africa’s paid internship program for next-gen fintech talent

 M-PESA Africa (MPA) has opened applications for its Accelerate 360 internship program, an initiative designed to train the next generation fintech professionals. The M-PESA Africa Accelerate 360 is a 6-month internship program, based in Kenya. Interns will receive a monthly stipend, access to Learning & Development (L&D) courses, and coaching sessions with MPA leaders. A
The post How to apply for M-PESA Africa’s paid internship program for next-gen fintech talent appeared first on HapaKenya. Read More

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