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Tensions, Strikes, and a Fragile Ceasefire: Inside the Iran–Israel–U.S. Crisis

As military strikes rock Iran and a tentative ceasefire settles in, the U.S., Israel, and Iran stand at a volatile crossroads. With nuclear tensions rising and diplomatic talks inching forward, the world watches anxiously.

10 days ago•World News•

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Business

Homa Bay Development Spree: Government Fast-Tracks Key Projects Ahead of Madaraka Day

The Kenyan government is fast-tracking key infrastructure projects in Homa Bay County, including a KSh 500 million upgrade to Raila Odinga Stadium and major water and road projects, ahead of Madaraka Day celebrations.

SOStreamline Official

May 23, 2025

Business

Kenya Earns KSh 248.2 Million in Royalties from Turkana Crude Oil Exports Under Pilot Scheme

Kenya received $1.915 million (KSh 248.2 million) in royalties from crude oil exported from its Turkana fields under the Early Oil Pilot Scheme last year, with the Energy Ministry detailing plans to ramp up commercial production.

SOStreamline Official

May 22, 2025

Business

Digital Platforms Expand E-Commerce and Transform Government Service Delivery in Kenya

Kenya sees expanding adoption of digital platforms for e-commerce, with major players like Jumia under continuous market scrutiny as of May 2025. A key trend is the move to devolve government digital services, exemplified by Kiambu County's ERP system aiming for a "Citizen Portal" similar to the national e-Citizen, supported by initiatives like the ICT Authority Bill 2024 to enhance public service delivery nationwide.

SOStreamline Official

May 17, 2025

Business

Technology Revolutionizes Kenyan Finance: Fintech Drives Inclusion Amidst Growth Pains

Kenya's finance sector is being continually reshaped by fintech innovations like DahabPlus and Safaricom's Lipa Mdogo Mdogo (2M devices sold by May 2025), which deepen financial inclusion. The National AI Strategy targets finance for AI integration in areas like credit scoring and fraud detection. However, a "Series A crunch" in funding poses a significant challenge to scaling fintech startups despite their crucial role in the sector's growth.

SOStreamline Official

May 17, 2025

Business

Kenya's Fintech Sector Drives Innovation in Digital Payments Amid Funding Challenges

Kenya's pioneering fintech sector continues to innovate in digital payments, with platforms like DahabPlus gaining recognition and Safaricom's Lipa Mdogo Mdogo program boosting smartphone access for financial inclusion. Despite strong growth and constituting most African unicorns, Kenyan fintechs face a critical "Series A crunch" in funding, a key challenge for scaling operations and realizing their full potential.

SOStreamline Official

May 17, 2025

Business

Further CBK Policy Rate Cut Possible in 2025 if Inflation and Shilling Remain Stable

After the Central Bank of Kenya's policy rate cut to 10.0% in April, financial markets anticipate another potential 50 basis points reduction later in 2025. This further monetary easing is expected if domestic inflation stays low and the Kenyan shilling holds firm, supporting continued economic stimulation.

SOStreamline Official

May 15, 2025

Business

Nairobi Stocks See Gains as Safaricom Rallies on Strong Outlook and Fiscal Policy

The Nairobi Securities Exchange (NSE) experienced notable gains in mid-May, significantly propelled by a rally in Safaricom shares. This positive market movement reflects robust investor confidence stemming from strong corporate earnings outlooks and the government's reassuring conservative fiscal policy, which avoids new taxes.

SOStreamline Official

May 15, 2025

Business

Kenya Targets Reduced Fiscal Deficit of 4.5% GDP for 2025/26

The Kenyan government has announced plans to reduce the fiscal deficit to 4.5% of GDP in the 2025/26 fiscal year. This move towards fiscal consolidation is coupled with a pledge to avoid introducing new taxes, focusing instead on closing loopholes and improving tax compliance, following last year's public protests.

SOStreamline Official

May 15, 2025

Business

Kenyan Finance Authorities Launch Tax Outreach Amid Public Sensitivity

Acknowledging public sensitivity after deadly 2024 protests over tax hikes, Kenyan finance authorities have launched comprehensive outreach campaigns. These initiatives aim to clearly explain new revenue measures and prevent public unrest by fostering understanding and managing expectations regarding the nation's fiscal policies.

SOStreamline Official

May 15, 2025

Business

Kenya Cabinet Approves Revised 2025 Finance Bill, Lowers Deficit Target to 4.5% GDP

Kenya's Cabinet has approved a revised FY2025/26 Finance Bill, dropping numerous proposed tax hikes and reducing the fiscal deficit target to 4.5% of GDP from 5.1%. The bill prioritizes closing loopholes and broadening the tax base over new levies, aiming to stabilize debt with an expected IMF deal.

SOStreamline Official

May 15, 2025

Business

NEPAD/APRM trains Busia Women Traders on economic empowerment

NEPAD/APRM conducted an economic empowerment workshop for Busia women cross-border traders, teaching governance and African trade protocols

SOStreamline Official

May 16, 2025

Business

African Currency Watch: Kenyan and Nigerian Shillings Face Potential Dip, Ugandan and Zambian Currencies to Hold Steady, Ghana's Cedi May Rise

Market analysts predict a potential weakening of the Kenyan and Nigerian currencies against the US dollar in the upcoming week, primarily due to increased importer demand.

SOStreamline Official

May 15, 2025