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Nairobi launches Beijing-inspired underpass network to unclog central business district

Construction has begun on the Greenpark Terminus Pedestrian Underpass, a 500-metre Beijing-inspired walkway at Haile Selassie Avenue and Uhuru Highway designed to protect pedestrians, improve traffic flow and complement other major road projects aimed at easing Nairobi’s congestion.

20 days ago•Agriculture•

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Business

Kenya Targets 27% Surge in Ugandan Tourist Arrivals by Year-End, Promotes East African Vibe

Kenya aims for a 27% increase in tourist arrivals from Uganda in 2025, targeting about 300,000 visitors, leveraging improved connectivity and joint regional marketing efforts like the “Visit East Africa: Feel the Vibe” campaign.

SOStreamline Official

May 24, 2025

Business

US Urges African Leaders to Spearhead AGOA Renewal Talks Ahead of 2025 Expiry

The U.S. government appealed to African leaders on May 23 to lead discussions on renewing the African Growth and Opportunity Act (AGOA), which expires in September 2025 and is vital for Kenyan exports and jobs.

SOStreamline Official

May 23, 2025

Business

Makueni Affordable Housing Project Boosts Local Economy with Jobs and Material Sourcing

The construction of 900 affordable housing units in Wote, Makueni County, budgeted at over KSh 2 billion, is significantly boosting the local economy through local sourcing of materials and direct employment for hundreds of youth.

SOStreamline Official

May 23, 2025

Business

Kenya Joins Egypt and South Africa in Cutting Interest Rates Amid Economic Pressures, Report Shows

A May 2025 Nairametrics report indicates that Kenya, alongside Egypt and South Africa, has lowered interest rates to combat high inflation and unemployment, contrasting with countries like Nigeria that have held rates steady.

SOStreamline Official

May 23, 2025

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

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

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

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

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

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