Economics

Picture this: somewhere in Nairobi, a dusty safety deposit box lies undisturbed in a downtown vault. Inside? Share certificates worth millions—untouched, unnoticed, and unclaimed. Its owner, now halfway across the world, forgot all about it during a busy relocation. Multiply that forgotten box by thousands, and you begin to glimpse Kenya’s silent fortune: over KSh 4.3 Billion in unclaimed financial assets.

Chinese financing has played a massive role in Angola’s rebuilding and modernization journey. With a total of $46.0 billion spread across 270 loans, Angola has become one of China's top investment destinations in Africa.

Following President William Ruto's recent diplomatic mission to China, it's an opportune moment to examine Kenya's financial relationship with its largest bilateral creditor.

Kenya’s Big Banks: Who’s Leading the Asset Race in 2024?

Nairobi has long been the nerve center of Kenya’s economy, government, innovation, and culture. But in 2023, the dominance of the capital reached new heights in the commercial real estate space—raising a pressing question: Is it time to decentralize?

When you think of how banks make money, chances are your mind jumps straight to loans — lending out cash and collecting interest.

Imagine waking up one day to discover that your country owes over $101 billion or 13 trillion shillings in debt, but a significant portion of that money was borrowed illegally and can't be accounted for.

In Nairobi’s financial hubs, lending desks are taking a back seat as risk teams step into the spotlight. Kenya’s banking story in 2024 isn’t one of expansion—but of retreat.