News and Analysis
June 29, 2026
Welcome to the Money News Roundup. Today, we cover the introduction of mandatory teacher licence renewals and Rwanda's decision to choose Kenya over Tanzania as its preferred fuel import route.
TSC has launched a free five-year Teacher Professional Development (TPD) programme that will become mandatory for teachers seeking to renew their practising licences.
As reported by Eastleigh Voice, acting TSC CEO Evaleen Mitei said the programme replaces the previous model following concerns over training costs.
Most learning will be conducted online, with separate modules for classroom teachers and school administrators.
TSC said the programme will strengthen teaching skills, support the rollout of competency-based education (CBE), and improve leadership and governance in schools.
The Commission is also reviewing staffing guidelines and career progression frameworks as part of wider education reforms.
Rwanda has chosen Kenya's transport corridor over Tanzania's for its GtoG refined fuel importation programme, citing the efficiency of the Port of Mombasa and the Kenya Pipeline network.
As reported by the Business Daily, the move is a major boost for Kenya, with KPC expected to handle more than 500,000 cubic metres of refined fuel for Rwanda annually, up from about 50,000 cubic metres previously transported through the corridor.
Rwanda has been importing most of its fuel through the Port of Dar es Salaam,
The decision comes after Rwanda announced it would stop buying fuel through Kenyan oil marketing companies, which import the products under the G-to-G programme initiated by the Kenya Kwanza government.
Rwanda will now source its fuel from OQ Trading, the Omani government's energy trading company.
The United Nations' International Fund for Agricultural Development (IFAD) has launched an internal audit after investigations revealed the alleged theft of Ksh1.55 billion from the Programme for Rural Outreach of Financial Innovations and Technologies (PROFIT) in Kenya.
EACC claims senior National Treasury officials exploited weak controls to siphon funds meant for the rural development programme, with some of the money allegedly used to buy properties in Nairobi, Machakos and Uasin Gishu counties.
IFAD said it had referred the matter to its Office of Audit and Oversight and maintains a zero-tolerance policy on fraud.
The agency noted the alleged theft occurred after the programme ended in 2019. The High Court has frozen assets linked to the suspects pending the determination of the recovery case. Read more
Loans issued by saccos to cover medical expenses rose 31% to Ksh2.79 billion in the three months to March 2026, making them the fastest-growing credit segment, according to Sasra.
As reported by the Business Daily, the regulator attributed the increase to rising healthcare costs, low medical insurance coverage, and members seeking funds for Social Health Authority (SHA) contributions.
Most medical loans are processed within 24 hours and repaid over up to 36 months.
Education loans also grew 27.1% to Ksh24.8 billion, highlighting mounting household spending on healthcare and private education. Total sacco lending increased 16.2% to Ksh115.7 billion.
Kenya's wealthy investors are increasingly balancing dividend-paying stocks with government securities to preserve and grow their wealth, according to Standard Bank's Psyche of Africa's Wealthiest report.
As reported by the Kenyan Wall Street, the report says Nairobi's position as East Africa's business hub supports strong corporate earnings, making equities such as Safaricom and banking stocks attractive for their dividends and growth potential.
Investors are also increasing allocations to government bonds, drawn by high yields and tax incentives. Stanbic Kenya's Winnie Koech said many affluent families are now in their fourth generation of wealth, with succession planning remaining central to long-term wealth preservation and future business continuity efforts.
The Court of Appeal has ruled that banks can enforce loan guarantees even after restructuring credit facilities, provided the guarantee agreement allows such changes.
As reported by Business Daily, the judges overturned a High Court decision that had released businessman Chepkonga Chebon from liability over loans advanced by Consolidated Bank of Kenya to Lomsons Enterprises Ltd.
The appellate court also restored the bank's right to sell property used as security to recover a Ksh76 million debt. The judges held that courts cannot rewrite contracts freely entered into by parties unless coercion, fraud or undue influence is proven.
They also found the bank had issued the required statutory notices and properly valued the property before initiating its sale.
WhatsApp has announced the introduction of usernames, a new feature that will allow users to connect without sharing their phone numbers.
Users can begin reserving unique usernames ahead of the global rollout later this year.
The platform said usernames will improve privacy by requiring people to know an exact username before making first contact, with no public directory or suggestions available.
An optional username key will provide an additional layer of protection by limiting who can message users.
Businesses, creators and organisations will also be able to claim their existing Instagram or Facebook usernames.
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