Wananchi Group, the operator of Zuku internet and pay-television services, is facing a statutory insolvency demand of KSh.46.9 million from CP Cables, drawing attention to the financial pressures behind the fibre broadband market, KenyanWallStreet.com reported. The amount involved is modest by telecommunications standards, but the legal mechanism carries weight. Non-compliance with a statutory demand is treated as evidence that a company is unable to meet its obligations as they fall due, shifting what might otherwise be a commercial dispute into the insolvency arena.

KOKO Networks, one of Kenya’s most visible clean-cooking startups, has shut down its operations and laid off its entire workforce following a dispute with the Kenyan government over carbon credit approvals, bringing a sudden halt to a business model that had become central to the country’s clean energy transition for low-income households, AfricaSustainabilityMatters.com reported.

Kenya is one step closer to regulating crypto in the country, as its parliament enacted the Virtual Asset Service Providers Bill 2025 last week, a senior parliament member told Reuters. The bill will now need to be signed by Kenyan President William Ruto in order to create the legislative framework, which regulates crypto service providers and addresses potential misuse in the industry. "We are hoping that Kenya can be now the gateway into Africa," finance committee chairman Kuria Kimani told Reuters.

The state-owned National Oil Corporation of Kenya entered its March “rescue” deal with French energy firm RUBiS Energy already in a condition that the Auditor General regarded as terminal, the Kenyan Wall Street reported. The French firm agreed to inject KSh 3 billion in working capital and KSh 3 billion to revamp the outlets, in exchange for 30% of profits from fuel sales. The state retained ownership of upstream and strategic stock holding units. However, behind the transaction lies a corporation rotting from within.

Administrator of the East African Cables PLC (EAC), a key player in the region’s electrical cable manufacturing industry, is looking for potential investors to help revive its operations after being placed under administration due to financial distress, the Kenyan Times reported. In a notice issued on Friday, July 25, by its joint administrators, the administrator has invited expressions of interest (EOIs) from strategic or financial investors willing to participate in its rescue or acquisition process.

The Technical University of Kenya (TUK) has addressed reports that the university has been shut down days after it was declared financially insolvent by the National Assembly, the Kenya Times reported. The Parliamentary Committee on Education on Wednesday, April 16, declared TUK insolvent amid a deepening financial crisis marked by billions of debts and persistent salary delays for staff. This came after current and former administrators faced tough questions before the committee about how the institution accrued debts exceeding Ksh12 billion.

Kenya's central bank cut its main interest rate for the fourth meeting in a row on Wednesday, saying it wanted to do more to support lending and boost economic growth, Reuters reported. The Central Bank Rate was lowered by 50 basis points to 10.75%. The bank's Monetary Policy Committee also decided to cut the Cash Reserve Ratio - by 100 basis points, to 3.25% - and said it had started on-site inspections of banks to check they were passing on the benefits of lower funding costs to customers.

Entrepreneur Joseph Kairo Wambui, also known as Khalif Kairo, has addressed allegations of bankruptcy related to his company, Kairo and Karo, which specializes in car sales and importation, The Kenya Times reported. This comes after images circulating on social media showed his car yard nearly empty. In a video shared on Wednesday, Kairo dismissed claims that his company is facing bankruptcy, stating that these accusations are part of a smear campaign aimed at damaging his reputation.

Kenya’s economy is on the mend and the country is unlikely to need further assistance from the International Monetary Fund, according to the head of President William Ruto’s economic council, Bloomberg News reported. Kenya signed a four-year, $3.6 billion financing deal with the IMF amid the Covid-19 pandemic in 2021. That program expires in April and both Kenya’s Treasury and an IMF head of mission in the country have confirmed that talks about a new one have begun.