Tag: ECONOMY

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Cooking Gas Prices Skyrocket Despite Government Assurances

Cooking Gas Prices Skyrocket Despite Government Assurances Kenyans will have to pay more to refill their Liquefied Petroleum Gas (LPG) cylinders following an increase in...

Kenya Treasury to mop up $3bn public funds from banks

Kenya Treasury to mop up $3bn public funds from banks Kenya’s National Treasury will this month begin mopping up government funds from commercial banks as...

Nairobi Court Drama: Suspect Pleads for Jail and Food Amid Economic Struggles

Nairobi Court Drama: Suspect Pleads for Jail and Food Amid Economic Struggles On Friday, a suspect pleaded with the magistrate in a Nairobi court to...

Kenyan Shilling Hits Record Low Vs Dollar: Economic Challenges Ahead

Kenyan Shilling Hits Record Low Vs Dollar: Economic Challenges Ahead The Kenyan Shilling has reached a new all-time low of 145.261 against the U.S. Dollar,...

Indonesia’s Oil Giant Pertamina Partners with 4 African Nations for Oil Including Kenya

Indonesia's Oil Giant Pertamina Partners with 4 African Nations for Oil Including Kenya This week, the oil and gas behemoth Pertamina Group accompanied Indonesian President...

Banks Resist Proposal to Raise Cash Reporting Limit to Sh2.1m

Banks Resist Proposal to Raise Cash Reporting Limit to Sh2.1m Commercial Banks have opposed a government proposal to increase the reporting threshold for large cash...

Economic Growth: Ruto’s Focus on 6 Vital Sectors

Economic Growth: Ruto's Focus on 6 Vital Sectors The second budget of President William Ruto will be based on six key sectors, including Affordable Housing,...

Equity Group Postpones Green and Social Bond Sales Amid High Intrest Rates

Equity Group Postpones Green and Social Bond Sales Amid High Intrest Rates Due to relatively high borrowing costs, Kenya's largest bank by market capitalization has...

Kenya’s Debt Surges to Record Sh1.56 Trillion

Kenya's Debt Surges to Record Sh1.56 Trillion During President William Ruto's first year in office, Kenya borrowed the most money in a single year, surpassing...

New Taxes Hit Goods & M-Pesa

New Taxes Hit Goods & M-Pesa Not only salaried employees will face the wrath of the Kenya Revenue Authority (KRA) as the government implements the...

Affordable Cooking Gas Brings Relief

Affordable Cooking Gas Brings Relief For the first time since July 2023, Kenyan households will be able to purchase domestic gas at a lower price...

World Bank’s 3 Vital Steps for Ruto to Boost Economy

World Bank's 3 Vital Steps for Ruto to Boost Economy On Monday, July 31, the World Bank provided President William Ruto's administration with three suggestions...

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