NAIROBI TRAFFIC SURVIVAL GUIDE: With KURA partially shutting down the Valley Rd / Kenyatta Ave / Jakaya Kikwete Rd intersection from this Friday (12th June) until Feb 2027, your usual routes are getting a massive shakeup. Here is your definitive alternative route breakdown:

The US & Iran have electronically signed a historic MoU to end the war, taking effect immediately. The US rolls back its naval blockade as Iran opens the Strait of Hormuz toll-free for 60 days. Major relief for global oil & shipping!

PARLIAMENT BLOCKS ALL-POWERFUL KRA: MPs reject changes to the Tax Procedures Act allowing KRA to freeze accounts during active appeals. House team drops plans to count weekends in appeal timelines & forces taxman to show data sources.

Kenya may host East Africa’s first OpenAI Academy following talks between President William Ruto & Sam Altman. The move aims to anchor AI infrastructure & developer talent in Nairobi.

Justice Minister warns a surge in xenophobic attacks is damaging the country’s global image, sparking a backlash against SA artists & firms abroad, and hurting social cohesion. She urged citizens to reject vigilantism.

Kenya eyes its first-ever Blue Bond before end of 2026. The Shilling, denominated, multi-tranche $300M (Sh38.8B) Go Blue programme will fund marine, port & coastal projects by KPA & coastal counties via the NSE. Riding a major wave of green debt.

Family Bank founder Titus Muya & allies exempted from 2-year lock-in ahead of Tuesday's NSE listing. The move allows the family to dump a portion of their 35.6% stake (worth Sh10.67B) to meet CBK’s 25% ownership cap. Shares price set at Sh18.

KNBS/CBK survey reveals a hidden Sh280.6Bn in diaspora remittances sent via informal channels & in-kind goods. Total true inflows hit Sh931.8Bn (12 months to May 2025). 🇺🇸 US: Sh405Bn 🇩🇪 Germany: Sh86Bn 🇦🇺 Australia: Sh62.6Bn

The East African Development Bank (EADB) lost a 23-year legal battle to recover Sh1.3 billion from Kenya Bus Service (Mombasa) Limited and its guarantors. The High Court dismissed the case after the bank failed to provide sufficient documentation to justify how the initial loan grew to the claimed amount. The court ruled that the suit lacked merit due to the absence of a clear explanation of how the debt accumulated. The dispute stemmed from a 1998 loan agreement and personal guarantees, but EADB could not prove its claim on a balance of probabilities.

High Court freezes AI-powered teleradiology firm Rology over patient data privacy & licensing gaps. Justice Mande rules courts can halt digital health platforms to prevent harm before it occurs. Huge blow to cross-border telemedicine in Kenya.

Nairobi private developers pivot to commercial property as State housing push crowd out residential market. Q1 2026 non-residential building approvals jump 44.4% to Sh21.37B, while residential falls 10.3% amid aggressive Affordable Housing rollout.

South Korean firms are battling for an Sh10.8B ($83.8M) Nairobi smart traffic tender. Funded by Seoul’s EDCF, KURA's 30-month project will install automated cameras, smart lights & redesign 60 junctions to end police manual control.

Kenya’s top 4 banks hired 6,058 new staff last year, raising headcount to 35,114. However, high turnover saw 4,107 employees exit, largely driven by Equity Group parting ways with 2,911 workers following a strict ethics audit.

High Court orders Mary Wambui to pay Equity Bank Sh100m in 7 days or lose her luxury Glee Hotel in Runda to auction. The ruling follows her failure to meet a Sh7.75B debt settlement timeline.

Omar Artan, the Somali referee who was barred from entering the U.S. due to allegations of terror ties, will receive full payment from FIFA for the 2026 World Cup despite not being able to participate. The 34-year-old, named CAF Men’s Referee of the Year in 2025, was detained and deported from Miami. FIFA confirmed he will be paid up to $100,000, a base fee for selected referees, and will also officiate the 2026 UEFA Super Cup.

Treasury proposes a massive 84% excise duty cut on premium ethanol (ENA) from Sh500 to Sh80/litre in the 2026/27 Budget. The relief applies to both local & imported ENA, boosting premium spirits, cosmetics & pharma.

The US says a peace deal with Iran has been reached after intensive talks. Here are some of the key points about the deal: — All military operations will stop immediately — The agreement covers wider regional conflict areas — A signing ceremony is set for 19 June in Switzerland — Qatar, Saudi Arabia, and Türkiye helped mediate the deal — More technical meetings will be held before full implementation

The deal with Iran is complete. The Strait of Hormuz is officially open! The US Naval blockade has been lifted. President Trump declares: "Ships of the World, start your engines. Let the oil flow!"

South African edu-firm ADvTECH reports a 60.7% surge in Kenya net profit to Sh545.4M for 2025, driven by higher student enrolment & booming demand for the premium Cambridge curriculum at Makini and Crawford schools. Plans underway to launch Rosebank University.

Kenya Airways (KQ) lowers its strategic investor capital target to $1.5B (Sh194.4bn), aiming for a Q1 2027 close. Despite a negative equity of Sh132B, the govt pledges 12-month financial backing as KQ stock surges 68.2% on the NSE.

Central Bank of Kenya to remove caps on emergency loans for distressed banks via CBK Bill 2026. Loan tenors will extend from 6 to 12 months at CBK's discretion to boost stability for banks facing pressure outside of mismanagement.