Private Hospitals : Pulling the Plug On SHA

Hi 👋🏽 It's Brian from The Kenyan Wall Street

In today's newsletter edition, we look at the state of healthcare in Kenya as the contention between private hospitals and SHA escalates…

Also, as the UN General Assembly draws nearer, Africa is castigating the U.S for being an unreliable partner as geopolitical loyalties slowly shift…

Private Hospitals : Pulling the Plug On SHA

By Brian Nzomo

Private hospitals have shut their doors to patients insured under the Social Health Authority (SHA), demanding cash upfront until billions in unpaid claims are settled.

At the heart of the standoff is KSh 43 billion owed, with another KSh 24 billion stuck in review, even as SHA collects only a fraction of that monthly. Providers also accuse the government of rejecting legitimate claims without explanation, weaponizing anti-fraud rhetoric, and failing to establish the dispute tribunal required by law.

They are equally furious over billions wasted on failed tech projects: a ghost-proof eClaims system that still paid ghosts, a KSh 2.5 billion “Track and Trace” scheme, and a quality management system that never materialized.

With thousands of beds wiped off SHA’s database and rural counties hit hardest, hospitals warn that Kenya’s universal healthcare dream is buckling under mismanagement. If the impasse persists, the very backbone of the public–private health partnership could snap.

Here are the demands private hospitals have made >>>>>

“Keep Your Rhetoric, We’ll Take the Railroads!” Africa to the U.S

By Andrew Barden 

At the Unstoppable Africa 2025 summit in New York, African leaders and economists accused the United States of failing the continent, while praising China, Russia, and India for offering better partnerships.

WTO chief Ngozi Okonjo-Iweala warned that the U.S. would one day need Africa more than Africa needs it, underscoring frustration with Washington’s tariffs. Economist Jeffrey Sachs slammed U.S. rhetoric as “jealousy,” arguing that Africa needs railroads and infrastructure, not theory.

Here is more on this »»»»»

Happening this week…

The Kenyan Wall Street is set to host the Inaugural Bullish Kenya event on the Sidelines of the UN General Assembly in New York City.

The event will be held on Thursday, 25th September 2025. It will be a highly-exclusive gathering of 80 top decision makers in the business and banking sectors from both Kenya and the United States. This invite-only event will support Kenya’s mission to be Africa’s leading investment and business destination.

To learn more about this event, read here »»»»»

After the Delay, Treasury Finally Loosens the Tap

By Harry Njuguna 

All 47 counties finally saw money hit their accounts in August, after a dry July when the Treasury kept the taps shut. The KSh 32.9 billion release, just under 8 percent of this year’s allocation, was a reminder of the cash crunch in government coffers.

Nairobi topped the list with KSh 1.7 billion, while smaller counties like Lamu scraped by with less than half a billion. Governors are still waiting on another KSh 93.5 billion in “additional allocations,” tied up in Parliament. A decade into devolution and KSh 4 trillion later, the question is whether counties are partners in development growth or just passengers on the Treasury’s timetable.

To find out how much each county received, read more here >>>>>

The Scam That Borrowed Raila’s Face

By Brian Nzomo

It took just one deepfaked clip on Raila Odinga’s verified X account to show how cheaply trust can now be manufactured in today's digital world. Within hours, the “Kenya Token” promo was deleted, but not before a Telegram channel swelled past a thousand hopefuls chasing a coin without a contract, a roadmap, or even proof of existence.

Generative AI has made fraud effortless: a politician’s face, a CEO’s voice, an anchor’s gravitas — all stitched together in seconds. Across Africa, from Tanzania’s US$1.5 million Mohammed Dewji token scam to fake Safaricom promos, the template is spreading faster than regulators can draft bills. And with parliament now eyeing a Virtual Asset Service Providers Bill, the uneasy question remains: can legislation outpace software that rewrites reality in real time?

Read more here >>>>>

Insight

When a Title Deed isn't Enough…

By Lulu Kiritu

Hundreds of Kenyans who bought land in Ruiru with clean searches, bank financing, and lawyer approvals have learned their title deeds are worthless after a gazette notice cancelled them over a succession case dating back to 2008. The shock cancellations expose deep institutional failures, with banks, lawyers, and the Ministry of Lands all greenlighting transactions despite a standing court order barring sales. Buyers now face demolitions and financial ruin, proving that even “iron-clad” paperwork offers no security in Kenya. Until records are cleaned, disputes resolved, and professionals held accountable, buyers must go beyond paperwork — checking courts, succession clearances, and ownership histories — if they hope to reduce the risk of losing everything.

Read the full article here »»»»»

More Stories 

NSE Gainers & Losers 

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On Your Watchlist

Join us for an exclusive deep dive with Joe Sang, the Managing Director of Kenya Pipeline Company (KPC), as he shares his inspiring journey from a village boy to a top CEO.

Last Week's Top Hits

♦️ Startups. Nairobi and Johannesburg are pulling ahead in Africa’s venture capital race, with Kenyan solar startups and South Africa’s fintechs attracting the bulk of fresh capital this year.

♦️ Energy. Kenya’s new draft energy regulations would compel electricity providers to compensate consumers for outages and poor-quality supply, imposing fines for missed reports, inadequate outage notices, and technical failures.

Keep up with what’s happening on our X and LinkedIn pages. Stay updated with the latest financial news on our website The Kenyan Wall Street.