Vybz Kita Bloggs

Big news from the Central Bank of Kenya (CBK): starting July 1, 2025, the moratorium on licensing new commercial banks will officially be lifted. This marks the end of a nearly 10-year pause that began in 2015—a period focused on strengthening Kenya's banking system. So, what does this mean for the economy, the financial sector, and the everyday Kenyan? Let’s break it down. Why Was There a Moratorium in the First Place? Back in 2015, the CBK hit the pause button on issuing new banking licenses due to concerns about governance, risk management, and general stability in the sector. It was a move aimed at giving the industry space to clean house and tighten operations. Fast forward to 2025, and the banking sector has gone through major transformations—think tighter regulations, improved governance, and the arrival of new domestic and international investors. With these improvements in place, the CBK now believes it’s the right time to re-open the doors. What’s New This Tim...

President Dr. William Ruto with Chinese President Xi Jinping President William Ruto’s visit to China yesterday underscores Kenya’s growing commitment to strengthening strategic partnerships, particularly with global powers that have shown consistent support for infrastructure development and economic collaboration. The visit, which included high-level meetings with Chinese government officials and business leaders, was focused on deepening cooperation, unlocking new investment opportunities, and reinforcing Kenya’s position as a key gateway in East Africa. A central focus of the visit was securing funding for two transformative infrastructure projects: the extension of the Standard Gauge Railway (SGR) from Naivasha to Malaba, and a major highway connecting the Rift Valley to western Kenya. These projects are pivotal to improving Kenya’s logistics network, easing the movement of goods, and boosting regional trade, particularly with neighboring Uganda and other East African n...

By Amos Keter   Henry Rotich: The Treasury CS Who             Transformed Kenya’s Public Finance     Through Innovation   When you talk about Kenya’s economic journey in the last decade, one name that often comes up is Henry Rotich. Born in 1969 in the scenic village of Kimwarer in Elgeyo Marakwet, Rotich’s rise to one of the country’s most powerful financial offices is a story of dedication, brains, and bold reforms. From Kimwarer to Harvard Rotich began his academic journey at the University of Nairobi, earning a Bachelor’s degree in Economics and Sociology. He didn’t stop there—he went on to earn a Master’s in Economics from the same institution. But the highlight of his academic credentials? A Master’s in Public Administration from none other than Harvard University. That global exposure would later influence some of the bold decisions he made in office. Life Before the Cabinet Before stepping into the limelight as Treasury...