Business Daily | June 16, 2026
— The World Bank rejected Kenya’s emergency financing request, denying support sought to cushion the economy and foreign exchange reserves from Middle East-related shocks.
— A KES 10 B fuel subsidy bill is increasing liquidity pressures on oil marketers, with delayed government payments straining cash flows across the sector.
— KCB Group fired 60 employees over the past year as the bank intensified its crackdown on fraud and internal misconduct.
— The government is proposing a broader ban on shisha imports and sales, tightening regulations to address public health concerns.