Kenya’s Cash Ratio vs. China and Global Norms

Kenya’s banking liquidity structure is notably cash-light: only about 7–10% of Kenya’s broad money supply is physical cash, with the rest being bank deposits or electronic money. This low cash ratio, achieved largely thanks to widespread mobile money (M-Pesa), is comparable to or even lower than many larger economies. For instance, in the United States … Read more

Mwai Kibaki’s Impact on Kenya’s Financial System (1969–1982)

Emilio Mwai Kibaki served as Kenya’s Minister for Finance and Economic Planning from 1969 to 1982 – the longest tenure in that position. This era spanned the late Jomo Kenyatta presidency and the early years of Daniel arap Moi. Kibaki, a British-trained economist, quickly earned a reputation as a prudent technocrat. During his stewardship, Kenya … Read more

How Kenyan Banks Create Cash from Thin Air

One sunny afternoon in Nairobi, a skeptical bank customer named Wanjiku stared at her SMS banking alert. Her paycheck of KSh 50,000 had just been deposited into her account at Co-operative Bank. A comforting message assured her: “Dear Customer, your funds are safe with us.” But Wanjiku couldn’t shake a nagging question: How can her … Read more

Cyrus Jirongo: Chronicles of Power, Patronage & the Price of Ambition

Cyrus Shakhalaga Khwa Jirongo burst onto Kenya’s national stage in 1992 as a brash young political operator leading the Youth for KANU ’92 (YK’92) lobby group. The country was undergoing a historic transition – President Daniel arap Moi had reluctantly allowed multiparty politics, and an energized opposition was rallying to unseat him. In response, Moi’s … Read more

Why the East African Union Failed Before It Began

In 1963, Julius Nyerere made an extraordinary offer: he would delay Tanganyika’s independence if Kenya and Uganda agreed to a political federation. It was a bold, almost reckless act of Pan-African faith. But it failed. The dream of a united East Africa—so close to reality that leaders were negotiating cabinets and constitutions—was dead before it … Read more

Nicholas Biwott: The Rise and Fall of Kenya’s “Total Man”

Nicholas Kiprono Kipyator arap Biwott was born in 1940 in Chebior Village, Keiyo District (in present-day Elgeyo-Marakwet), into a humble Kalenjin family. His parents, Cheserem and Maria Soti, were progressive for their time – his father was an enterprising farmer-turned-businessman, and his mother stressed education for all her children. Biwott attended local schools – first … Read more

George Saitoti: The Mathematician Who Sat at the Centre of Power

George Musengi Saitoti remains one of the most consequential figures in Kenya’s post-independence political history, yet also one of its most elusive. For more than thirty years, he moved quietly within circles where men rarely survived long. He managed to navigate a political landscape designed to crush dissent, bury rivals, and reward blind loyalty. And … Read more

Twelve Years of Nyayo: Nairobi from 1978–1990 in Photographs

A Visual History of Power, Propaganda, Protest, and Everyday Survival 1978 – The End of One Era, the Beginning of Another Nairobi entered 1978 in mourning. Jomo Kenyatta’s death triggered a carefully orchestrated state funeral that drew presidents, princes, soldiers, and crowds that stretched across the city. The ceremony was as much about grief as … Read more

Kenya’s Independence Day in Photos, 1963

A Historical Exhibition 1. Ruring’u Stadium, Nyeri – Early 1963 Supporters of the Kenya African National Union (KANU) gather after a symbolic gesture of surrender at the end of the Mau Mau Emergency. The ritual attire and dramatic hair crests reflect attempts at communal reconciliation after years of insurgency and detention. The event marked a … Read more