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Location: Kenya
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Category: Politics
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Time: Weekly Daily
Language: English

Kenya Top Stories

for the 17 Nov - 23 Nov

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Kenya Railways to Sell Off 16bn Assets
1. Kenya Railways to Sell Off 16bn Assets

Kenya Railways plans to sell prime assets in Ngara and Makongeni to settle long-overdue pension payments under the Kenya Railways Staff Retirement Benefits Scheme. Managing Director Philip Mainga told senators the corporation expects KSh2 billion from the Kenya National Highways Authority and will pursue additional land sales worth up to KSh16 billion. Pensioners have reported financial strain after years of delayed dues, and lawmakers urged faster action to address the scheme’s liquidity pressures.

Central Bank of Kenya Opens 40bn Bonds
2. Central Bank of Kenya Opens 40bn Bonds

The Central Bank of Kenya opened a bond sale seeking KSh40 billion to support the national budget. The offer includes reopened 15-year and 25-year Treasury bonds with annual coupon rates of 12.34% and 14.19%, taxed at 10%. Investors must submit bids by Nov. 19 and complete payments by Nov. 24. Treasury data shows Kenya’s public debt increased by roughly KSh250 billion in three months as domestic borrowing rose and external debt fell.

Emirates Adds Daily Nairobi Flight
3. Emirates Adds Daily Nairobi Flight

Emirates will launch a third daily Dubai–Nairobi flight starting Mar. 1, 2026, raising weekly frequencies to 21 as the airline marks 30 years in Kenya. The new Boeing 777 rotation adds early morning connectivity to Europe and the United States and aligns with Kenya Airways’ regional network under their interline agreement. Emirates said the extra service will support tourism growth and increase cargo capacity by about 280 tonnes weekly for Kenya’s export sector.

Co-operative Bank Posts 21bn Profit
4. Co-operative Bank Posts 21bn Profit

Kenya’s Co-operative Bank announced its first-ever interim dividend after posting KSh21.56 billion in after-tax profit for the first nine months of the year, a 12.3% rise from 2024. The board approved a KSh1 per share payout totaling KSh5.86 billion. The bank reported asset growth to KSh796.1 billion, driven by expanded lending and higher customer deposits. Digital transactions accounted for over 93% of activity, while subsidiaries and the South Sudan unit recorded improved earnings.

British Firm Finds 683bn Gold Deposit
5. British Firm Finds 683bn Gold Deposit

British firm Shanta Gold confirmed an estimated KSh 683 billion gold deposit at its Isulu–Bushiangala project in Kakamega County, calling it one of Kenya’s largest discoveries. An Environmental Impact Assessment report outlines plans for an underground mine that will require land acquisition and could resettle about 800 households. The firm projects an eight-year mine life, government royalty payments, and hundreds of jobs, while NEMA reviews environmental and community concerns.

World Bank Sets Kenyan Policy Reforms
6. World Bank Sets Kenyan Policy Reforms

The World Bank outlined 11 laws and policy reforms Kenya must implement before receiving a $750 million loan under a three-year financing agreement. The measures include full adoption of e-procurement, amendments to the Competition Act, regulations on sustainability-linked bonds, expanded urban transport policy, and consolidation of all government accounts at the Central Bank. The lender said Kenya cannot renegotiate the terms. Officials have held meetings with Parliament and the Treasury to expedite compliance.